plainfield redevelopment commission resolution no. 2017-0 1 ...
PLAINFIELD REDEVELOPMENT COMMISSION RESOLUTION NO. 2017-0 1 RESOLUTION APPROVING OF REAL PROPERTY TAX ABATEMENT APPLICATION-BROWNING/DUKE, LLC #8 WHEREAS, the Redevelopment Commission of the Town of Plainfield, Indiana (the “Commission” and “Town,” respectively) has created the Ronald Reagan Economic Development Area (the “Area”) and one or more allocation areas within the Area, and adopted one or more economic development plans for the Area; and WHEREAS, Browning/Duke, LLC (the “Applicant”) filed with the Town a Petition for Real Property Tax Abatement Consideration (the “Application”), pursuant to I.C. 6-1.1-12.1-1-1 et. seq.; and WHEREAS, the Application has been reviewed by the staff of the Town and has been found to be complete and the Town has received the requisite filing fee from the Applicant; and WHEREAS, the real estate described in Exhibit A attached to the Application for which the tax abatement is requested is located within the Area; therefore, the Tax Abatement Committee has forwarded the Application to this Commission for approval. NOW, THEREFORE, BE IT RESOLVED BY THE PLAINFIELD REDEVELOPMENT COMMISSION, THAT: 1. The Commission has reviewed and hereby approves of the Application and instructs the President of the Commission to forward this resolution to the Tax Abatement Committee for review and recommendation to the Town Council. 2.
This resolution shall be effective upon passage.
ADOPTED: February 6, 2017
PLAINFIELD REDEVELOPMENT COMMISSION
Pr6eht
U
Exhibit A [Petition for Real Property Tax Abatement Consideration]
41’
STATEMENT OF BENEFITS
20
PAY 20
REAL ESTATE IMPROVEMENTS
FORM SB.1 I RiI Property Prescribed Ly be C pamese ol Lc’cat C3o
mrnont F(nanco
Thsi tarernsnr is betnq coinpietert for real çroper1 that uslitts wider Ito tutU no I r abit11ion of real colilte improceneets (IC 61 112. 14)
Tie Cr nun on n1errr urn1 tcnnno’lsr’ tcrtnkn’113i, ho I aorta 5’ t’ r t 1070 rot a n-tnt 0 1 12 1.5 tIc nr it
iaw Code (chr’dc one bras)
[? Rod’vnlopment or C
RestdontaR’ d trisred area tC 61 1 12.1 .4 1)
INSTRUC TI 01 IS h (3 cot I in (ix, to ci ‘I Iii in t a r,t boJy drsagr i aq I’rs brone, I t to II 0 r Sit ?,zta n I o1 i I artormston frn the applicant n er crrg r($ boor about whrt1hr to dsjniii on Coon; i (ration Pro Q!henwr. (h seer nuS(
1
2 3 4 5.
be srbrmttcd to (ho d ‘grnatnn3 body BEFORE (ha rod alopmorr( iSp toe of won jwpraty to’ i’thich the porn roes to dun a dodac:ron f is’ phtnned or committed to aftor July 1,1987 ond swat doc)pnatcd otter July 1. 1987. require a STATEMENT OFFFA?ERTS (16t 1t2 1) Apptovi of The desgnalmg body (City Cowraf Thwn Eotird, County Council elc) must be obtained poor to iniliOtiOit of tine’ nedooe.cprsixtt Or rhab!;frlbcirn. BEFORE a deduct ion rciey be approved lb obtain a dc’Cuchon. a Fci’nt 322/PC musE betted mIt the CeuntyAtiditor befOre May i it e year in which the addiSon to assessed VOluOldin is or not later Than in ely (30) days after the a onsosment notice ‘s manned to the propid!y easei if it was mailed utTer April 70 If (Ire p’opiarfy corer mssos the My 10 deadline in the nisticit year 01 upa5’on. he can apply tno!weon Mcsrch I ,and May Ed of a heront year Property manes whose Statement of Benefits was approved after June 23, 7t)97• mist mt.vth a Poiro tEEd/PaW Properly amnualif In (hi’ .y%afrobon to chow cornpEar.cc itfth the ,atcmontof0erotits. fiG 5 I. 1’ TZ 7.5 1(b) end IC 61.7421-5 3(j)] The chedotes inbtnshed under IC 6-1 1-12 1-1(d) for rehahetotod property opptv to any ecoiomrc reafalzaton areas deorgouhid after Jane 30. 2099, ur.lts en dIem SIVO deduction schedule is adoulod by the desng’tatnrtg body (IC b-I. 112 177,l. Ihe schedules ederbuni prior to July t, 2000 shall continue to apply to ccenotnric riw(a&at*ann areas designated &afore July 1, 2000
SECTION 1
I
TAXPAYER INFORMATION
W17 01 1aItayCr
Brownin9i Duke
LLC,
a Delaware limitad liability company
Addr of taxpayer fscmber arid siren!,
coy state,
cod ZIP c4n)
6100 West 96th Street, Suite 250, Indianapolls, iN 46278 Nan-ar ot certain persia
John T. Cohoat
raeprneee number
e”mSit rnddreus
1 317 ) 344-7321
cohoatbrowninginv.com
1iI’12t
Nerrx it 4saqnxateng hrxt4’
iii’5Ohj1l55 nuner
Town of Plainfield Location nt
proonniy
OLGI cong dixtoct ember
Concnny
0 AliPoints Court. Plainfield. IN Hendricks in CeCil ci’ a I Ps 0 an mCb5bittittetT (mimi sddaee$l alneels %a.cessmy) Low p en it r it p op I a I I ho I Approximately 707,960 square foot warehouse and distribullon faciEty and associated padcing areas and 04/01 12017 site improvements
in
Imp Ii dej ye C
02/01/2018 (ft.11.t
FLk’I
Currool canoe;
Neither retained
ttaturwu
1Nurnbinr additismat
Satante:
Sateoei
s5ff!J
COST Currant
REAL ESTATE IMPROVEMENTS ASSESSED VALUE
vatuo
Plus estimated
values
at proposed project
Less ye ties at am1y,prope!ynn
SECTION 5 Estirntah’.d
utid wastrn c,onvnrted
-
——
rthced WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Lpowids)
EsNrnatorl has.artlous waste. converted
I
(pownds)
Other bererla
SECTION 6 TAXPAYER CERTIFICATION I hereby certily thaI the representations in this statement are true. 0anstJf
Page 1 ot2
I
-a(maTf
Town of Plainfield PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of Plainfie, hereby petition the Town property tax abatement consideration and Town of Plainfield Ordinance No.
real property, located within the Town of Council of the Town of Plainfleid for real and pursuant to 6-f. 11%i-’, 5-97 this petition states the following:
Describe the proposed redevelopment or rehabilitation project, including 1. information about physical improvements to be made, the amount of land to be used, an estimate of the cost of the project, the proposed use of the improvements, and a 9eneral statement as to the importance of the project to your business: Description & Use: Amount of Land: Estimated Cost: Importance to Business:
The project consists of an approximately 707940 square foot warehouse and disttibuion facility with related office space. Approximately 71.929 acres. Approximately $1770Q0O0. This project is very significant to Browning!Duke and the Plainfiold community. This vilI be the sixth building to be constructed in the last 36 months at AilPoints Midwest.
new, 2. The redev&opment or rehabilitation project itself will create permanent jobs within the first year representing new arnual payroll of existing permanent full-time and will maintain and existing permanent part-time jobs with an annual payroll of $ The project annual salarIes for each new posdon created are estimated to be as follows: $_______________
Please note that the project is a speculative warehouse and distribution facility and, as such, the number and types of jobs to be created and the correspondIng salary ranges are unknown at this time, 3. Estimate the dollar value of the redevelopment or rehabitation project: Approximately $17,7O0000. 4.
(a)
The real property for which tax abatement consideration is petitioned
{‘Properiy) Is owned or to be owned by the following individuals or corporations {if the business organization is publicly held, indicate aiso the name of the
corporate parent, if any, and the name under which the corporaon has filed with the Securities and Exchange Commission): Name
Browning)Duke, LLC
Address 600 E, 96 Street, Suite 100 Indianapolis, IN 46240
Interest 100%
The folowing other persons lease, intend to lease, or have an option (b) to buy the Property (include corporate information as required in 4ta) above, if applicable): Not applicable. A brief description of the overall nature of the business and of the fc) operations occurring at the Property: Warehouse and distribution facility for a single tenant or multIe tenants. The commonly known address of the Property Is: Please note that the Town of Plainfield has not yet issued an official street address confimiatiori letter. A legal description of the Property is attached hereto as Exhibit A and incorporated herein. .
A map and/or plat describing the Property is attached hereto as Exhibit B 6. and incorporated hereIn.
The current assessed valuation of the real property before rehabilitation, 7. redevelopment, economic revitalization, or improvement: The current assessed attached hereto and valuation of the rI property i set forth on Fxhihrt incorporated herein. List the real and personal property taxes paid at the location during the 8. previous five years, whether paid by the current owner or a previous owner Please see Exhibit C attached hereto and incorporated herein. 9. What is your best estimate of the after-rehabilitation market value of the Property: Approximately $17,700,000. 10. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of fil ng of ‘his petition except as previously disclosed to Town representatives. The signature below is verification of this statement.
2
Ii The Standard Industrial Classification Manual major group within which the proposed project would be classified, by number and descdption: 4225 General Warehouse & Storage. —
12. The Internal Revenue Service Code of Principal Buswiess Activity by which the proposed project would be classified by number and descnption 493100 Warehousing and Storage. —
13. DescrIbe actual or anticipated public financing for the project: None. 14. Describe how the Property has become undesirable for or impossible of normal development and occupancy because of tack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values and prevent a normal development of the property or property use: Certain physical and economic conditions exist that limit the potential development of the Property. The Property has been used as farmland in the past. 15. The Property is located in the following Allocation Area (if any) declared and Ronald Reagan confirmed by the Painfield Redevelopment Commission: Economic Development Area. 16. The following person(s) should be contacted as the petitioner’s agent regarding additional information and public notification: Marc Armstrong, Duke Realty Name: 600 E. 96th Street, Suite 100 Address: CIty, State and Zip: indianapolis. Indiana 46240 3i7B086000 Telephone:
WHEREFORE, Petitioner requests that the Town Council of the Town of Plainfield Indiana adopt a declaratory resolution designating the area described herein to be an economic revitalization area for purposes of real property tax abatement consideration, and after publication of notice and public heahng, determine qualifications for an economic revitalization area have been met and confirm such Resolution. Petitioner herein hereby verifies that the required $250.00 filing fee to cover processing and adniinistrative costs pursuant to Ordinance 597 of the Town of Plainfield has been paid in full. Name of Property Owner(s):
3
BROWNING/DUKE, LLC, a Delaware limited liability company By:
Duke Realty Limited Partnership, an Indiana limited liability partnership, its manager By:
Duke Realty Corporation, an Indiana corporation, its general partner
Ld
4
HThz.9 F
EXHIBIT A Legal Description of the Property A part of the Northwest Quarter of Section 18, Township 15 North, Range 2 East of the Second Principat Meridian in Washington Township, Hendricks County. Indiana and more particularly described as follows: Beginning at the northwest corner of said Section 18; thence North 87 degrees 52 minutes 54 seconds East I 171.89 feet along the north line of said Section 18 to the northwest corner of a parcel of land to WALMART REAL ESTATE BUSINESS TRUST (the following 8 courses are along the west line of said parcel); (1) thence South 6 degrees 25 minutes 36 seconds East 55.91 feet; (2) thence South 12 degrees 6 minutes 56 seconds East 393.83 feet; (3) thence South 14 degrees 28 minutes 7 seconds East 368.63 feet; (4) thence South 5 degrees 51 minutes 48 seconds East 412,31 feet; (5) thence South 10 degrees 34 minutes 15 seconds East 122,29 feet; (6) thence South I degrees 58 minutes 40 seconds West 345.92 feet; (7) thence South 36 degrees 40 minutes 25 seconds West 653.72 feet; (8) thence South 22 degrees 20 minutes 15 seconds West 426.50 feet to the north line of Allpoints Parkway (the following 6 courses are along the north line of said Allpoints Parkway and westerly extension thereof; f1)thence North 83 degrees 22 minutes 58 seconds West 55.21 feet; (2) thence South 88 degrees 5 minutes 12 seconds West 85,00 feet; (3) thence South 79 degrees 51 minutes 26 seconds West 99.65 feet; (4) thence northwesterly 166.37 feet along a curve to the right, having a radius of 965.00 feet and subtended by a long chord having a bearing of North 84 degrees 44 minutes 7 seconds West and a length of 166.16 feet; (5) thence northwesterly 203.41 feet along a curve to the left, having a radius of 1035.00 feet and subtended by a long chord having a bearing of North 85 degrees 25 minutes 35 seconds West and a length of 203.08 feet; (6) thence South 88 degrees 56 minutes 36 seconds West 199.64 feet to the west line of said Quarter; thence North ‘1 degrees 3 minutes 27 seconds West 2511.83 feet along the west line of said Quarter to the Northeast Quarter of Section 13, Township 15 North, Range I East; thence North I degrees 3 minutes 45 seconds West 24.00 feet along the west line of said Section 18 to the POINT OF BEGINNING, containing 71.929 acres of land, more or less.
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212
This resolution shall be effective upon passage.
ADOPTED: February 6, 2017
PLAINFIELD REDEVELOPMENT COMMISSION
Pr6eht
U
Exhibit A [Petition for Real Property Tax Abatement Consideration]
41’
STATEMENT OF BENEFITS
20
PAY 20
REAL ESTATE IMPROVEMENTS
FORM SB.1 I RiI Property Prescribed Ly be C pamese ol Lc’cat C3o
mrnont F(nanco
Thsi tarernsnr is betnq coinpietert for real çroper1 that uslitts wider Ito tutU no I r abit11ion of real colilte improceneets (IC 61 112. 14)
Tie Cr nun on n1errr urn1 tcnnno’lsr’ tcrtnkn’113i, ho I aorta 5’ t’ r t 1070 rot a n-tnt 0 1 12 1.5 tIc nr it
iaw Code (chr’dc one bras)
[? Rod’vnlopment or C
RestdontaR’ d trisred area tC 61 1 12.1 .4 1)
INSTRUC TI 01 IS h (3 cot I in (ix, to ci ‘I Iii in t a r,t boJy drsagr i aq I’rs brone, I t to II 0 r Sit ?,zta n I o1 i I artormston frn the applicant n er crrg r($ boor about whrt1hr to dsjniii on Coon; i (ration Pro Q!henwr. (h seer nuS(
1
2 3 4 5.
be srbrmttcd to (ho d ‘grnatnn3 body BEFORE (ha rod alopmorr( iSp toe of won jwpraty to’ i’thich the porn roes to dun a dodac:ron f is’ phtnned or committed to aftor July 1,1987 ond swat doc)pnatcd otter July 1. 1987. require a STATEMENT OFFFA?ERTS (16t 1t2 1) Apptovi of The desgnalmg body (City Cowraf Thwn Eotird, County Council elc) must be obtained poor to iniliOtiOit of tine’ nedooe.cprsixtt Or rhab!;frlbcirn. BEFORE a deduct ion rciey be approved lb obtain a dc’Cuchon. a Fci’nt 322/PC musE betted mIt the CeuntyAtiditor befOre May i it e year in which the addiSon to assessed VOluOldin is or not later Than in ely (30) days after the a onsosment notice ‘s manned to the propid!y easei if it was mailed utTer April 70 If (Ire p’opiarfy corer mssos the My 10 deadline in the nisticit year 01 upa5’on. he can apply tno!weon Mcsrch I ,and May Ed of a heront year Property manes whose Statement of Benefits was approved after June 23, 7t)97• mist mt.vth a Poiro tEEd/PaW Properly amnualif In (hi’ .y%afrobon to chow cornpEar.cc itfth the ,atcmontof0erotits. fiG 5 I. 1’ TZ 7.5 1(b) end IC 61.7421-5 3(j)] The chedotes inbtnshed under IC 6-1 1-12 1-1(d) for rehahetotod property opptv to any ecoiomrc reafalzaton areas deorgouhid after Jane 30. 2099, ur.lts en dIem SIVO deduction schedule is adoulod by the desng’tatnrtg body (IC b-I. 112 177,l. Ihe schedules ederbuni prior to July t, 2000 shall continue to apply to ccenotnric riw(a&at*ann areas designated &afore July 1, 2000
SECTION 1
I
TAXPAYER INFORMATION
W17 01 1aItayCr
Brownin9i Duke
LLC,
a Delaware limitad liability company
Addr of taxpayer fscmber arid siren!,
coy state,
cod ZIP c4n)
6100 West 96th Street, Suite 250, Indianapolls, iN 46278 Nan-ar ot certain persia
John T. Cohoat
raeprneee number
e”mSit rnddreus
1 317 ) 344-7321
cohoatbrowninginv.com
1iI’12t
Nerrx it 4saqnxateng hrxt4’
iii’5Ohj1l55 nuner
Town of Plainfield Location nt
proonniy
OLGI cong dixtoct ember
Concnny
0 AliPoints Court. Plainfield. IN Hendricks in CeCil ci’ a I Ps 0 an mCb5bittittetT (mimi sddaee$l alneels %a.cessmy) Low p en it r it p op I a I I ho I Approximately 707,960 square foot warehouse and distribullon faciEty and associated padcing areas and 04/01 12017 site improvements
in
Imp Ii dej ye C
02/01/2018 (ft.11.t
FLk’I
Currool canoe;
Neither retained
ttaturwu
1Nurnbinr additismat
Satante:
Sateoei
s5ff!J
COST Currant
REAL ESTATE IMPROVEMENTS ASSESSED VALUE
vatuo
Plus estimated
values
at proposed project
Less ye ties at am1y,prope!ynn
SECTION 5 Estirntah’.d
utid wastrn c,onvnrted
-
——
rthced WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Lpowids)
EsNrnatorl has.artlous waste. converted
I
(pownds)
Other bererla
SECTION 6 TAXPAYER CERTIFICATION I hereby certily thaI the representations in this statement are true. 0anstJf
Page 1 ot2
I
-a(maTf
Town of Plainfield PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of Plainfie, hereby petition the Town property tax abatement consideration and Town of Plainfield Ordinance No.
real property, located within the Town of Council of the Town of Plainfleid for real and pursuant to 6-f. 11%i-’, 5-97 this petition states the following:
Describe the proposed redevelopment or rehabilitation project, including 1. information about physical improvements to be made, the amount of land to be used, an estimate of the cost of the project, the proposed use of the improvements, and a 9eneral statement as to the importance of the project to your business: Description & Use: Amount of Land: Estimated Cost: Importance to Business:
The project consists of an approximately 707940 square foot warehouse and disttibuion facility with related office space. Approximately 71.929 acres. Approximately $1770Q0O0. This project is very significant to Browning!Duke and the Plainfiold community. This vilI be the sixth building to be constructed in the last 36 months at AilPoints Midwest.
new, 2. The redev&opment or rehabilitation project itself will create permanent jobs within the first year representing new arnual payroll of existing permanent full-time and will maintain and existing permanent part-time jobs with an annual payroll of $ The project annual salarIes for each new posdon created are estimated to be as follows: $_______________
Please note that the project is a speculative warehouse and distribution facility and, as such, the number and types of jobs to be created and the correspondIng salary ranges are unknown at this time, 3. Estimate the dollar value of the redevelopment or rehabitation project: Approximately $17,7O0000. 4.
(a)
The real property for which tax abatement consideration is petitioned
{‘Properiy) Is owned or to be owned by the following individuals or corporations {if the business organization is publicly held, indicate aiso the name of the
corporate parent, if any, and the name under which the corporaon has filed with the Securities and Exchange Commission): Name
Browning)Duke, LLC
Address 600 E, 96 Street, Suite 100 Indianapolis, IN 46240
Interest 100%
The folowing other persons lease, intend to lease, or have an option (b) to buy the Property (include corporate information as required in 4ta) above, if applicable): Not applicable. A brief description of the overall nature of the business and of the fc) operations occurring at the Property: Warehouse and distribution facility for a single tenant or multIe tenants. The commonly known address of the Property Is: Please note that the Town of Plainfield has not yet issued an official street address confimiatiori letter. A legal description of the Property is attached hereto as Exhibit A and incorporated herein. .
A map and/or plat describing the Property is attached hereto as Exhibit B 6. and incorporated hereIn.
The current assessed valuation of the real property before rehabilitation, 7. redevelopment, economic revitalization, or improvement: The current assessed attached hereto and valuation of the rI property i set forth on Fxhihrt incorporated herein. List the real and personal property taxes paid at the location during the 8. previous five years, whether paid by the current owner or a previous owner Please see Exhibit C attached hereto and incorporated herein. 9. What is your best estimate of the after-rehabilitation market value of the Property: Approximately $17,700,000. 10. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of fil ng of ‘his petition except as previously disclosed to Town representatives. The signature below is verification of this statement.
2
Ii The Standard Industrial Classification Manual major group within which the proposed project would be classified, by number and descdption: 4225 General Warehouse & Storage. —
12. The Internal Revenue Service Code of Principal Buswiess Activity by which the proposed project would be classified by number and descnption 493100 Warehousing and Storage. —
13. DescrIbe actual or anticipated public financing for the project: None. 14. Describe how the Property has become undesirable for or impossible of normal development and occupancy because of tack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values and prevent a normal development of the property or property use: Certain physical and economic conditions exist that limit the potential development of the Property. The Property has been used as farmland in the past. 15. The Property is located in the following Allocation Area (if any) declared and Ronald Reagan confirmed by the Painfield Redevelopment Commission: Economic Development Area. 16. The following person(s) should be contacted as the petitioner’s agent regarding additional information and public notification: Marc Armstrong, Duke Realty Name: 600 E. 96th Street, Suite 100 Address: CIty, State and Zip: indianapolis. Indiana 46240 3i7B086000 Telephone:
WHEREFORE, Petitioner requests that the Town Council of the Town of Plainfield Indiana adopt a declaratory resolution designating the area described herein to be an economic revitalization area for purposes of real property tax abatement consideration, and after publication of notice and public heahng, determine qualifications for an economic revitalization area have been met and confirm such Resolution. Petitioner herein hereby verifies that the required $250.00 filing fee to cover processing and adniinistrative costs pursuant to Ordinance 597 of the Town of Plainfield has been paid in full. Name of Property Owner(s):
3
BROWNING/DUKE, LLC, a Delaware limited liability company By:
Duke Realty Limited Partnership, an Indiana limited liability partnership, its manager By:
Duke Realty Corporation, an Indiana corporation, its general partner
Ld
4
HThz.9 F
EXHIBIT A Legal Description of the Property A part of the Northwest Quarter of Section 18, Township 15 North, Range 2 East of the Second Principat Meridian in Washington Township, Hendricks County. Indiana and more particularly described as follows: Beginning at the northwest corner of said Section 18; thence North 87 degrees 52 minutes 54 seconds East I 171.89 feet along the north line of said Section 18 to the northwest corner of a parcel of land to WALMART REAL ESTATE BUSINESS TRUST (the following 8 courses are along the west line of said parcel); (1) thence South 6 degrees 25 minutes 36 seconds East 55.91 feet; (2) thence South 12 degrees 6 minutes 56 seconds East 393.83 feet; (3) thence South 14 degrees 28 minutes 7 seconds East 368.63 feet; (4) thence South 5 degrees 51 minutes 48 seconds East 412,31 feet; (5) thence South 10 degrees 34 minutes 15 seconds East 122,29 feet; (6) thence South I degrees 58 minutes 40 seconds West 345.92 feet; (7) thence South 36 degrees 40 minutes 25 seconds West 653.72 feet; (8) thence South 22 degrees 20 minutes 15 seconds West 426.50 feet to the north line of Allpoints Parkway (the following 6 courses are along the north line of said Allpoints Parkway and westerly extension thereof; f1)thence North 83 degrees 22 minutes 58 seconds West 55.21 feet; (2) thence South 88 degrees 5 minutes 12 seconds West 85,00 feet; (3) thence South 79 degrees 51 minutes 26 seconds West 99.65 feet; (4) thence northwesterly 166.37 feet along a curve to the right, having a radius of 965.00 feet and subtended by a long chord having a bearing of North 84 degrees 44 minutes 7 seconds West and a length of 166.16 feet; (5) thence northwesterly 203.41 feet along a curve to the left, having a radius of 1035.00 feet and subtended by a long chord having a bearing of North 85 degrees 25 minutes 35 seconds West and a length of 203.08 feet; (6) thence South 88 degrees 56 minutes 36 seconds West 199.64 feet to the west line of said Quarter; thence North ‘1 degrees 3 minutes 27 seconds West 2511.83 feet along the west line of said Quarter to the Northeast Quarter of Section 13, Township 15 North, Range I East; thence North I degrees 3 minutes 45 seconds West 24.00 feet along the west line of said Section 18 to the POINT OF BEGINNING, containing 71.929 acres of land, more or less.
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