09-28-09 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING SEPTEMBER 28, 2009 SECTION VI. The designation as a Residentially Distressed Area shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all local code standards for habitability as a specific condition of having such property designated as a residentially distressed area. SECTION X. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Derek D. Dieter Member of the Common Council Councilmember Rouse, Chairperson, Community and Economic Development Committee, reported that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. Phil Byrd, Executive Director, South Bend Heritage, 803 Lincolnway West, South Bend, Indiana, along with Dea Andrews, South Bend Heritage, made the presentation for this bill. Mr. Byrd advised that South Bend Heritage Foundation, Inc. intends to construct two new single-family homes on the vacant lot they currently own on West Washington Street. The lot is being replatted to permit the construction of the two homes. The homes will each have two stories totaling approximately 1,700 square feet with three bedrooms. The average cost of the two homes will be approximately $180,000. The two homes are part of the first allocation of the Neighborhood Stimulus Program (NSP) funding. Several single-family homes will be built in targeted areas to serve homeowners with a household income of up to 120% of the Area Median Income using NSP funds. The sales prices of the two homes will be discounted in order to make them affordable to these potential customers. South Bend Heritage will be the developer of several of these houses. He noted that the homes will have basements not finished. Also the homes will be 5 star energy efficient, with a 92% efficient furnace and low e glass windows. Councilmember Henry Davis asked if they had builders in place. Mr. Byrd stated that Place Builders and Garden Homes will be used. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Varner made a motion to adopt this Resolution. Councilmember Oliver Davis seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. 17