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REGULAR MEETING <br />NOVEMBER 18, 1985 <br />SECTION II. This Resolution.shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />/s/ Beverlie J. Beck <br />Member of the Common Council <br />RESOLUTION NO. 1372 -85 <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, COMMONLY KNOWN AS AIRPORT INDUSTRIAL <br />PARK -PHASE III LOT 5 -1, TO BE AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY <br />TAX ABATEMENT. <br />WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory <br />Resolution designating certain areas within the City as Economic Revitalization <br />Areas for purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as Airport <br />Industrial Park -Phase III Lot 5 -1 and more particularly described by a line drawn as <br />follows: <br />A part of the Southeast Quarter of Section 28, Township 38 North, Range 2 East, St. <br />Joseph County, Indiana, described as follows: <br />Commencing at the northeast corner of said quarter section; thence South 89058'56" <br />West a distance of 1582.51 feet along the north line of said quarter section to the <br />point of beginning; thence South 0021133" West a distance of 375.00 feet; thence <br />South 89058156" West a distance of 709.63 feet; thence North 0000'47" East a <br />distance of 375.00 feet to the south boundary of Boland Drive;thence North <br />89058156" East a distance of 711.90 feet along said south boundary to the point of <br />beginning and containing 6.119 acres, more or less. <br />The above tract of land is subject to a drainage course right -of -way described as <br />follows: <br />A part of the Southeast Quarter of Section 38, Township 38 North, Range 2 East, St. <br />Joseph County, Indiana described as follows: Beginning on the north line of said <br />quarter section South 89 degrees 58 minutes 56 seconds West 2194.41 feet from the <br />northeast corner of said quarter section; thence South 0 degrees 00 minutes 47 <br />seconds West 375. 00 feet to the north line of said quarter section; thence North 89 <br />degrees 58 minutes 56 seconds East 80.00 feet to the point of beginning and <br />containing 0.689 acres, more or less. <br />The above tract of land is encumbered by the following easements: <br />1. An easement 20 feet in width off the entire most westerly side in favor of <br />Chicago South Shore and South Bend Railroad. <br />2. An easement 50 feet in width off the entire north side in favor of Indiana & <br />Michigan Electric Company. <br />as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code <br />6 -1.1- 12.1 -2 -5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <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 confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for personal property tax abatement <br />only and.is limited to five (5) calendar years from the date of adoption of the <br />Declaratory Resolution by the Common Council. <br />SECTION II. This Resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />/s/ Beverlie J. Beck <br />Member of the Common Council <br />