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<br />REGULAR MEETING NOVEMBER 28, 1994
<br />and which is more particularly described as follows:
<br />PARCEL I: A description of 8.2895 acres of land in the North Half of Section
<br />28, Township 38 North, Range 2 East, St. Joseph County, Indiana, said 8,2895
<br />acre tract being part of a certain 12.00 acre tract described in Deed Book 593,
<br />page 47 of the deed records of said St. Joseph County, said 8.2895 acre tract
<br />being more particularly described as follows: Commencing at a PK nail with disc
<br />set at the North Quarter corner of said Section 28: thence along the Northerly
<br />line of said North Half of Section 28, being also the North line of said 12.00
<br />acre tract, North 89 58' 54" West a distance of 165.00 feet to a PK nail set
<br />for the Northwest corner of said 12.00 acre tract; thence along the Westerly
<br />line of said 12.00 acre tract, South 00 14102" West a distance of 785.23 feet
<br />to an iron bar set at the point of beginning of the 8.2895 acre tract herein
<br />described; thence continuing along the said Westerly line, South 00 14' 02"
<br />West a distance of 973.35 feet to a 1 1/4" iron pipe found for the Southwest
<br />corner of said 12.00 acre tract being also the Southwest corner of the said
<br />8.2895 tract herein described: thence along the Southerly line of said 12.00
<br />acre tract, South 89 53' 27" East a distance of 371.17 feet to 1 3/4" iron pipe
<br />found to the Southeast corner of said 12.00 acre tract, being also the Southeast
<br />corner of the 8.2895 acre tract herein described; thence along the Easterly line
<br />of said 12.00 acre tract, North 00.12' 22" East a distance of 973.60 feet to a
<br />1" iron pipe found at a corner of said 12.00 acre tract, being also the
<br />Southeast corner of a certain tract of land described in record Document No.
<br />9016462; thence along a line of said 12.00 acre tract, being also the Southerly
<br />line of said recorded Document No. 9016462, North 89 55'50" West a distance of
<br />370.70 feet to the point of beginning.
<br />PARCEL II: A description of a portion of the North half of Section 28, Township
<br />38 North, Range 2 East, St. Joseph County, Indiana, said portion being more
<br />particularly described as follows: Commencing at the North Quarter corner of
<br />said Section 28, being a PK nail and disc marked "50307 "; thence along the North
<br />line of said Section 28, North 80 58'54" West, a distance of 165.00 feet to a PK
<br />nail and disc set marked "5030711, thence along the Westerly line of a certain
<br />12.00 acre track of land described in Deed Book 593, page 47 on file and of
<br />record in the Office of the Recorder of St. Joseph County, Indiana, South
<br />00 14102" West, a distance of 1758.58 feet to a 1 1/4" iron pipe found for the
<br />Southwest corner of said 12.00 acre track of land and the point of beginning of
<br />said portion herein describe; thence continuing along the Southerly extension of
<br />said Westerly line, South 00 14'02" West, a distance of 20.64 feet to an iron
<br />bar set, market 1150307 ", in the northerly right -of -way line of proposed
<br />foundation drive extension as shown on the plat of Airport Industrial Park,
<br />Phase III and IV and recorded as Document No. 7806496; thence along said
<br />Northerly right -of -way line, North 89 44'58" East a distance of 35.92 feet to a
<br />1/2" iron bar found for the Northwesterly corner of a certain tract of land
<br />described in recorded Document No. 8822679; thence along the North 89 57'43"
<br />East a distance of 335.26 feet to an iron bar set; thence along the Southerly
<br />extension of the Easterly line of said 12.00 acre tract of land, North 00 12122"
<br />East a distance of 19.56 feet to a 3/4" iron pipe found at the Southeast corner
<br />of said 12.00 acre tract of land; thence along the Southerly line of said 12.00
<br />acre tract of land being also the Northerly line of said Portion herein
<br />described, North 89 53'57" West, 371.17 feet to the point of beginning.
<br />and which has Key Number 25 1010 038401 be designated as an Economic Revitalization
<br />Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et. seq. and South Bend
<br />Municipal Code Sections 2 -76 Et Seq.
<br />Whereas, the Department of Economic Development has concluded an investigation
<br />and prepared a report with information sufficient for the Common Council to determine
<br />that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1-
<br />12.1-1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has
<br />further prepared maps and plats showing the boundaries and such other information
<br />regarding the area in question as required by law; and
<br />Whereas, the Human Resources and Economic Development Committee of the Common
<br />Council has reviewed said report and recommended to the Common Council that the area
<br />qualifies as an Economic Revitalization Area.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. The Common Council hereby determines and finds that the Petition for
<br />Real Property Tax Abatement and the Statement of Benefits form completed by the
<br />Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies
<br />under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for
<br />tax abatement.
<br />A. That the description of the proposed redevelopment or rehabilitation meets
<br />the applicable standards for such development.
<br />B. That the estimate of the value of the redevelopment or rehabilitation is
<br />reasonable for projects of this nature;
<br />C: That the estimate of the number of individuals who will be employed or whose
<br />employment will be retained by the Petitioner can reasonably be expected to
<br />result from the proposed described redevelopment or rehabilitation;
<br />E. That the other benefits about which information was requested are benefits
<br />that can he reacnnahly expected to rPCUIt from the nrnnoced descrihed
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