INSURANCE COMPANY /SCOTTSDALE MALL
<br />Whereas, a petition for real property tax abatement has been filed with the
<br />City Clerk for consideration by the Common Council of the City of South Bend,
<br />Indiana, requesting that the area commonly known as the Southeast Corner of Irelan
<br />and Miami Roads, South Bend, Indiana, and which is more particularly described as
<br />follows:
<br />A parcel of real estate in the County of St. Joseph, State of Indiana and
<br />described as follows:
<br />A parcel being part of the North Half of the Southwest Quarter of Section 30,
<br />Township 37 North, Range 3 East, City of South Bend, Centre Township, St. Jose
<br />County, Indiana, described as follows: Commencing at the Northwest corner of
<br />said quarter; thence South 89 °54137" East (bearing assumed) along the North
<br />line of said quarter, a distance of 260.00 feet to the point of beginning;
<br />thence continuing along said North line a distance of 1052.00 feet, thence Sou
<br />00 °05'11" West, a distance of 870.00 feet; thence North 89 °59'16" East a
<br />distance of 53.00 feet; thence South 00 °04'32" West a distance of 150.00 feet;
<br />thence South 89 °55120" East, to the West line of Scottsdale Addition, Section
<br />"A" a distance of 484.86 feet; thence South 00 °25'08" East, along said West
<br />line to the North right -of -way of U.S. Route 20 by pass, a distance of 156.52
<br />feet; the next (8) calls being on the North said right -of -way; thence Deed;
<br />South 60 °58100" West, a distance of 421.39 feet, (measured: South 70 °28'36"
<br />West, 313.64 feet and South 7V27'31" West, 106.22 feet) to the South line of
<br />said North Half; thence along said North line, North 89 °52'45" West, a
<br />distance of 1397.83 feet; thence North V05'50" East, along the East side of a
<br />tract purchased by I.D.O.T. for right -of -way line(county), a distance of 19.84
<br />feet; thence along the said East right -of -way line South °04121" East, a
<br />distance of 1788.69 feet; thence North 89 °52145" West, a distance of 40.00
<br />feet to the West line of said quarter section; thence North 00 °00'00" East,
<br />along said West line a distance of 1046.67 feet; thence Deed: South 89 °54'26"
<br />East, a distance of 260.00 feet, thence North 00°00'00" East, a distance of
<br />270.00 feet to the point of beginning.
<br />and which has Key Number 231009 -0582, 231009- 0582B, 231009- 0582C, be designated as
<br />an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1
<br />seq., and South Bend Municipal Code Sections 2 -76 et seq. and;
<br />WHEREAS, the Department of Economic Development has concluded an investigation
<br />and prepared a report with information sufficient for the Common Council to
<br />determine that the area qualifies as an Economic Revitalization Area under Indiana
<br />Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2 -76, et seq.,
<br />and has further prepared maps and plats showing the boundaries and such other
<br />information 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 a.
<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
<br />for Real Property Tax Abatement and the Statement of Benefits form completed by the
<br />Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., and qualifies under
<br />the provisions of South Bend Municipal Code Section 2 -76 et seq., for tax abatement
<br />Section II. The Common Council hereby determines and finds the following:
<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 who:
<br />employment will be retained by the Petitioner can reasonably be expected to result
<br />from the proposed described redevelopment of rehabilitation:
<br />D. That the estimate of the annual salaries of those individuals who will be
<br />employed or whose employment will be retained can be reasonably expected to result
<br />from the proposed redevelopment or rehabilitation;
<br />E. That the other benefits about which information was requested are benefits
<br />that can be reasonably expected to result from the proposed described redevelopment
<br />or rehabilitation; and
<br />F. That the totality of benefits is sufficient to justify the deduction, all <
<br />which satisfy the requirements of I.C. 6 -1.1- 12.1 -3.
<br />Section III. The Common Council hereby determines and finds that the proposed
<br />described redevelopment or rehabilitation can be reasonably expected to yield
<br />benefits identified in the Statement of Benefits set forth as sections I through II
<br />of the Petition for Real Property Tax Abatement Consideration and that the Statemen
<br />of Benefits form prescribed by the State Board of Accounts are sufficient to justif
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