09-13-10 Council Agenda & Packet

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~~~ t~ ~ - ~. ~~ ~ t RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREA5 WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 90I (Lot 2) and 909 (Lot 1) North St. Peter Street AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR Snyder Caastom ~-Iomes, Incorporated WHEREAS, a Statement of Benefits and a petition far residential real property tax abatement have been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 901 (Lot 2) and 909 {Lot I) North St. Peter Street (old consolidated address is 727 East Corby Street), South Bend, Indiana, and which is mare particularly described as follows: Lot 1 and Lot 2 as shown the same and designated on the Plat of Snyder's Corby Street Minor Subdivision as in the Offce of the Recorder of St..laseph County, Indiana; and this property which has the aid consolidated Tax Key Number of 018-5107-376b, be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et seg., and South Bend Municipal Code Scetians 2-7G et seq., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Gammon Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Cade 6-1.1- 12.1, et seq., and South Bend Municipal Cade Sections 2-7b, et sea., and .has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required bylaw; and WHEREAS, the Community and Economic Development Cannmittee of the Common Council has reviewed said report and recommended to the Camman Council that the area qualifies as a Residentially Distressed Area.