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REGULAR MEETING MAY 22, 2006 <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 VI. 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 />Councilmember Kelly, Chairperson, Community and Economic Development <br />Committee, reported that this committee held a Public Hearing on this bill this afternoon <br />and voted to send it to the full Council with a favorable recommendation. <br />Mr. Michael Urbanski, 17874 State Road 23, South Bend, Indiana, made the presentation <br />for this bill, representing Garden Homes Inc. <br />Mr. Urbanski advised that Garden Homes intends to construct new three bedroom, five <br />room homes of 1,036 to 1,200 sq. ft. with a full 8 ft. insulated basement on each of the <br />above listed properties. The homes will have a 12 x 21 sq. ft. attached garage, vinyl <br />siding, stove dishwasher, vent hood and garbage disposal. Each home will be built on a <br />minimum of a 40 x 120 sq. ft. lot that will be seeded upon completion of the home. The <br />price of each house will be between $105,000 and $125,000. <br />A Public Hearing was held on the Resolution at this time. <br /> There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Kelly made a motion to adopt this <br />Resolution. Councilmember Dieter seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of eight (8) ayes. <br />BILL NO. 06-47 A RESOLUTION OF THE COMMON <br /> COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA, AUTHORIZING THE <br /> MAYOR TO SUBMIT AN APPLICATION <br /> TO THE UNITED STATES <br /> DEPARTMENT OF HOUSING AND <br /> URBAN DEVELOPMENT FOR AN <br /> ECONOMIC DEVELOPMENT <br /> INITIATIVE GRANT <br />13 <br /> <br />