ORDINANCES & RESOLUTIONS 2003 - Laserfiche WebLink

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Beginning at the Southeast corner of Lot Number 5 in Flagstaff Business Park as recorded in Deed Book 428, Page 461; thence South 85 degrees 56 minutes 12 • seconds West (assumed bearing) along the South line of said Lot Number 5, 396. 00 feet to a point on the West line of Section 13; thence South 86 degrees 41 minutes 41 seconds West, 60 . 03 feet to the Southwest corner of said Lot Number 5; thence North 01 degrees 13 minutes 11 seconds West, 450 . 48 feet to a point on a curve concave Northeast, having a radius of 535 . 00 feet and. a central angle of 13 degrees 22 minutes 09 seconds; thence Northeasterly along said curve an arc distance of 124 . 83 feet (said arc being subtended by a chord having a bearing of North 62 degrees 29 minutes 40 seconds East, 124 . 55 feet; thence South 34 degrees 11 minutes 25 seconds East, 182 . 49 feet; thence North 85 degrees 56 minutes 12 seconds East, 244 . 83 feet to a point on the East line of said Lot Number 5; thence South 01 degrees 13 minutes 09 seconds East along said East line, 343 . 00 feet to the Point of Beginning, containing 4 . 101 acres more or less . 2 . The owners of the 4 . 101 acres of real estate described herein as set out above will be NuGenesis, Inc. , an Indiana for profit corporation. 3 . All of the businesses and industries located with the area designated as an Economic Revitalization Area shall be eligible for the deductions in assessment of real estate values provided in Indiana Code 6-1 . 1-12 . 1-1 et seq. , as the same is amended from time to time. 4 . The deduction from assessed value of real property located within the Economic Revitalization Area shall be limited to the maximum period of the three (3) year assessment deduction for real estate from the period of first assessment of the improvements or such maximum amount as allowed by Indiana law or as amended at the time.