02-28-05 Council Meeting Minutes

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REGULAR MEETINGFEBRUARY 28, 2005 A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Charlotte D. Pfeifer Member of the Common Council Mr. Bernie Feeney, Registered Land Surveyor, 715 South Michigan Street, South Bend, Indiana, made the presentation for this bill of behalf of the petitioners, Hidden Creek Subdivision as well as the builders Place Builders, Inc., and Crystal Bay Builders. Mr. Feeney advised that this subdivision is located on the South side of South Bend, Indiana, approximately ½ mile south of the by-pass and approximately ½ to ¾ of a mile west of U.S. 31 at the end of Jackson Road. There are seventy-one (71) single-family lots proposed for this subdivision, which will connect to Jackson Road as its primary source of egress and ingress. The average size of these lots is 12,500 square feet well in excess of the average square footage for City lots. There are 3,426 lineal feet of new streets proposed for this subdivision, as well as sanitary sewer, water main, streets, sidewalks, and normal City improvements. The current assessed value of this piece of property is $5,600.00. Taxes paid over the last two years have amounted to $120.00 per year. The estimated completed value of the project at 11,715,000.000 with all improvements in place and we expect the range of homes being built on this project to be $135,000 to $200,000. There was no one present wishing to speak to the Council in favor of this bill. The following individual spoke in opposition of this bill. Ms. Vickie Bely, 20154 Jackson Road, South Bend, Indiana, stated that she had just learned about this proposed subdivision from the last Council meeting. 17