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RM
<br />REGULAR MEETING JULY 11 1988
<br />Joseph County, Indiana. Also excepting therefrom that part taken for the widening of
<br />Sample Street as described in a deed dated April 30, 1959, recorded in Deed Record
<br />591, pages 45 -46 of the records of St. Joseph County, Indiana.
<br />Parcel 3: '
<br />A lot or parcel of land in the North part of the Northeast Quarter of Section
<br />13, Township 37 North, Range 2 East, now within and a part of the City of South
<br />Bend, St. Joseph County, Indiana, bounded by a line running as follows, viz:
<br />Beginning on the present South line of Sample Street in the City of South Bend
<br />at a point 91 feet 8 inches East of the East line of High Street in said City;
<br />thence running East on the South line of said Sample Street 45 feet 10 inches;
<br />thence South on a line parallel with the East line of said High Street a distance of
<br />127 feet, more or less, to the North line of a public alley (now vacated); thence
<br />West along the said North line of said public alley (now vacated), 45 feet 10 inches
<br />to a point due South of the place of beginning; thence North 127 feet, more or less,
<br />to the place of beginning, excepting therefrom that part taken for a public alley as
<br />described in Dedication Proceedings recorded in Miscellaneous Record 117, pages
<br />29 -31 of the records of St. Joseph County, Indiana. Also excepting therefrom that
<br />part taken for the widening of Sample Street as described in a deed dated April 30,
<br />1959 recorded in Deed Record 591: pages 45 -46 of the records of St. Joseph County,
<br />Indiana.
<br />Also a lot or parcel of land in the North part of the Northeast Quarter of
<br />Section 13, Township 37 North, Range 2 East, now within and a part of the City of
<br />South Bend, St. Joseph County, Indiana, bounded by a line running as follows, viz:
<br />Beginning at the corner formed by the intersection of the East line of High
<br />Street with the present South line of Sample Street in the City of South Bend;
<br />thence running East on the South line of said Sample Street 91 feet and 8 inches;
<br />thence South on a line parallel with the east line of said High Street, a distance
<br />of 127 feet, more or less, to the North line of a public alley (now vacated); thence
<br />West along the North line of said public alley (now vacated) 91 feet and 8 inches to
<br />the East line of said High Street; thence North along the East line of said High
<br />Street, 127 feet, more or less, to the place of beginning, excepting therefrom that
<br />part taken for a public alley as described in Dedication Proceedings recorded in
<br />Miscellaneous Record 117, pages 29 -31 of the records of St. Joseph County, Indiana. '
<br />Also excepting therefrom that part taken for the widening of Sample Street as
<br />described in a deed dated April 30, 1959, recorded in Deed Record 591, pages 45 -46
<br />of the records of St. Joseph County, Indiana.
<br />be designated as an Economic Revitalization Area under the provisions of Indiana
<br />Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code section 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 section 2 -76 et seq., and
<br />has further prepares 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. 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 I.C. 6- 1.1- 12.1 -1 et seq., and qualify under the
<br />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 estimate of the value of the redevelopment or rehabilitation is
<br />reasonable for projects of this nature;
<br />B. That the estimate of the number of individuals who will be employed or whose '
<br />employment will be retained can reasonably be expected to result from the proposed
<br />described redevelopment or rehabilitation;
<br />C. 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 />D. 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 />E. That the totality of benefits is sufficient to justify the deduction; all of
<br />which satisfy the requirements of I.C. 6 -1.1- 12.1 -3 and which can be reasonably
<br />expected to result from the installation of the new manufacturing equipment.
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