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08-23-10 Council Agenda & Packet
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08-23-10 Council Agenda & Packet
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11/24/2010 8:55:55 AM
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E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local <br />code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within five (5} calendar years from the date of the adoption of this Resolution by the <br />Common Council. <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating <br />the area described herein as a Residentially Distressed Area for the purposes of tax abatement. <br />Such designation is far Real property tax abatement only and is limited to five (5} calendar years <br />from the date of adoption of the Declaratory Resolution by the Canmmon Council. <br />SECTION V. The Camrnan Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of f ve (5) years, and further deterrines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br />Bend and Indiana Code 6-1.1-12.1 et se . <br />SECTION VI. 'T'his Resolution shall be in full force and effect from and after its adoption by the <br />Gammon Council and approval by the Mayor. <br />y+ i~+~.. ~.J ... C~-ti. ~ ~ <br />Member of the Common Coon 1 <br />,3 <br />rT.F .: L~ ,' ~ ~. I.r 4 ' ' Kw N 5L."iN°e'TY S.+Y <br /> <br />NQ7 APPROVED <br />l'10PT~6~ <br /> <br />p~~ s r,. <br />F~;~u',~~ ~ ~lQ <br />~f i<;';`~ vQ ~Y't;'"~ <br />
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