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Subject to: the lien of current real estate taxes not delinquent, all
<br />covenants, encumbrances, easements and restrictions of record and all tenants-
<br />rights.
<br />A parcel of land being a part of the Southeast Quarter of Section 25, Township
<br />37 North, Range 2 East, City of South Bend Centre Township, St. Joseph County,
<br />Indiana and being more particularly described as follows:
<br />Beginning at a point on the East line of said Southeast Quarter that is 350.00
<br />feet South 0- 00100" East of the Northeast corner thereof; thence South 0- 00'00"
<br />East, along said East line, a distance of 206.45 feet; thence South 88- 38150"
<br />West, parallel with the North line of said Southeast Quarter, a distance of
<br />420.00 feet; thence South 0- 00100" East, parallel with said East line, a
<br />distance of 173.27 feet to the Northerly right -of -way line of Bowen Street, a 60
<br />foot right -of -way; thence Westerly along said Northerly right -of -way line, a
<br />distance of 48 feet more or less to its intersection with the Northerly
<br />projection of the West line of a parcel of land conveyed to St. Joseph Bank and
<br />Trust company by warranty deed recorded in Deed Record 805, page 394 et seq. in
<br />the office of the Recorder of St. Joseph County, Indiana; thence Southerly,
<br />along said West line a distance of 174.62 feet, more or less, to the Southwest
<br />corner of said St. Joseph Bank and Trust Company parcel of land; thence
<br />Easterly, a distance of 23 feet to the Northwest corner of a parcel of land
<br />conveyed to Franchise Realty Corporation by Warranty Deed recorded in Deed
<br />Record 804, Page 280 in said Recorder's office; thence South 0- 00'00" East,
<br />parallel with the said East line of said Southeast Quarter and along the West
<br />line of said parcel, a distance of 173.72 feet to the North line of Widener's
<br />Addition an Unrecorded Subdivision; thence South 88- 37138" West along said North
<br />line and the North line of Harold C. Widener's First Addition, Unit "A" to the
<br />Southeast corner of a parcel of land conveyed to Lester Sumrall Evangelistic
<br />Association, Inc. by Warranty Deed recorded as instrument number 8010363 in said
<br />Recorder's office; thence North 0- 00100" East, along the East line of said
<br />property, a distance of 461.9 feet to a corner thereof; thence North 88- 38'50"
<br />East, along a Southerly line of said Sumrall property, a distance of 371.04 feet
<br />to a point on the East right -of -way line of high Street, a 60 foot right -of -way;
<br />thence North 0- 00100" East, along said East right -of -way line, to the South line
<br />of a parcel of land conveyed to Slenderform /Universal Health Spas, Inc. by
<br />Warranty Deed recorded as instrument number 7810741 in said Recorder's office;
<br />thence Easterly, along the Southline of said parcel to the Southeast corner
<br />thereof; thence Northerly along the East line of said parcel, a distance of
<br />174.55 feet to its intersection with the Westerly projection of the South line
<br />of a parcel of land known as "Parcel 1" conveyed to Standard Federal Savings and
<br />Loan Association by Sheriff's Deed recorded as instrument number 8406566 in said
<br />Recorder's office; thence Easterly, parallel with the North line of said Quarter
<br />Section to a point on the West line of property conveyed to Indiana Bell
<br />Telephone Company, Inc. by Warranty Deed recorded in Deed Record 629, page 412
<br />in Said Recorder's office; thence Southerly, parallel with the East line of Said
<br />Quarter Section, a distance of 119.55 feet to the Southwest corner of said
<br />parcel; thence Easterly along the South line of said parcel and its Easterly
<br />projection, a distance of 450.00 feet to the place of beginning.
<br />be designated as an Economic Revitalization Area under the provision of Indiana Code
<br />6 -1.1- 12.1 -1, et seq. and South Bend Municipal Code Section 2 -76; 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 the
<br />Indiana Code 6 -1.1- 12.1 -1, et seq. and South Bend Municipal Code Section 2 -76, and
<br />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 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. That the Common Council hereby determines and finds that the
<br />estimate of the number of individuals that will be employed or whose employment will
<br />be retained and the estimate of value of the redevelopment or rehabilitation and any
<br />other benefits about which the body designating the economic revitalization area
<br />requires information are benefits that can be reasonably expected to result from the
<br />proposed described redevelopment or rehabilitation.
<br />SECTION II. That the Common Council hereby determines and finds the following:
<br />(A) If the proposed redevelopment or rehabilitation does not occur, the
<br />approximate current year tax rate for the City would be
<br />(B) If the proposed redevelopment or rehabilitation does occur and no deduction
<br />is granted, the approximate current year tax rate for the City would be
<br />
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