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REGULAR MEETING SEPTEMBER 24, 2007 <br />that the Statement of Benefits form prescribed by the State Board of Accounts are <br />sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. <br />SECTION V. The Common Council hereby accepts the report and recommendation of <br />the Community and Economic Development Committee that the area herein described be <br />designated as a Residentially Distressed Area and hereby adopts a Resolution designating <br />this area as a Residentially Distressed Area for purposes of real property tax abatement. <br />SECTION VL The designation as a Residentially Distressed Area shall be limited to five <br />(5) calendar years from the date of the adoption of this Resolution by the Common <br />Council. <br />SECTION VII. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VIII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br />pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication <br />providing notice of the public hearing before the Common Council on the proposed <br />confirming of said declaration. <br />SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all <br />local code standards for habitability as a specific condition of having such property <br />designated as a residentially distressed area. <br />SECTION X. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />s/Timothy A. Rouse <br />Member of the Common Council <br />Ms. Violet Schorsch, Habitat for Humanity of St. Joseph County, 402 E. South Street, <br />South Bend, Indiana made the presentation for this bill. <br />Ms. Schorsch advised that Habitat for Humanity plans to build a new, single-family <br />residence with three bedrooms and one bathroom. The home will have 1,120 square feet <br />and it will be built with afour-foot crawl space. Habitat will use volunteer labor and <br />donated materials to build the home. The price of the home will be $65,000.00. The lot <br />is currently owned by the City of South Bend. Habitat for Humanity intends to purchase <br />the lot, construct the house and then offer the property for sale to qualified, low-income <br />families using a no-interest loan and mortgage. <br />BILLS -FIRST READING <br />BILL NO. 63-07 FIRST READING ON A BILL OF THE <br />COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND, INDIANA APPROPRIATING $225,000 <br />RECEIVED FROM THE U.S. DEPARTMENT OF <br />JUSTICE FOR THE WEED & SEED PROGRAM <br />This bill had first reading. Councilmember Varner made a motion to refer this bill to the <br />Community and Economic Development Committee and set it for Public Hearing and <br />Third Reading on October 8, 2007. Councilmember Kuspa seconded the motion which <br />carried by a voice vote of seven (7) ayes. <br />BILL NO. 64-07 FIRST READING ON A BILL OF THE <br />COMMON COUNCIL OF THE CITY OF SOUTH <br />32 <br />