Confirming Tax Abatement - 901 & 909 N. St. Peter St./ Sndyer Custom Homes (5yr.Res)

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RESOLUTION NO. ~-~~~~~ ~ A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 901 (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 Custom Homes, Incorporated WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 901 (Lot 2) and 909 (Lot 1) North St. Peter Street (old consolidated address is 727 East Corby Street), South Bend, Indiana, and which is more 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 Office of the Recorder of St. Joseph County, Indiana; and this property which has the old consolidated Tax Key Number of 018-5107-3766, 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 Sections 2-76 et seq., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: