07-11-05 Council Meeting Minutes

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REGULAR MEETINGJULY 11, 2005 FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR D & H HOME BUILDERS, INC. WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement has 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 Lots 1a, 4, 8, 11, 12, 16, 18, 29, 34, 41, 42, 44 and 45 Royal Oak Estates Subdivision, Section 1, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 5569 Buckhorn Dr. Lot 1a Royal Oak Estates, Section 1 23-1238- 038111 5655 Buckhorn Dr. Lot 4 Royal Oak Estates, Section 1 23-1238- 038114 533 Hildebrand St. Lot 8 Royal Oak Estates, Section 1 23-1238- 038118 612 Hildebrand St. Lot 11 Royal Oak Estates, Section 1 23-1238- 038121 656 Hildebrand St. Lot 12 Royal Oak Estates, Section 1 23-1238- 038122 or 5695 Buckhorn Dr. (corner lot) 5619 Yellow Wood Dr. Lot 16 Royal Oak Estates, Section 1 23-1238- 038126 or 762 Boxwood Dr. North (corner lot) 5677 Yellow Wood Dr. Lot 18 Royal Oak Estates, Section 1 23-1238- 038128 839 Nutmeg Court Lot 29 Royal Oak Estates, Section 1 23-1238- 038129 5740 Boxwood Dr. Lot 34 Royal Oak Estates, Section 1 23-1238- 038144 815 Boxwood Dr. North Lot 41 Royal Oak Estates, Section 1 23-1238- 038151 805 Boxwood Dr. North Lot 42 Royal Oak Estates, Section 1 23-1238- 038152 735 Boxwood Dr. North Lot 44 Royal Oak Estates, Section 1 23-1238- 038154 719 Boxwood Dr. North Lot 45 Royal Oak Estates, Section 1 23-1238- 038155 or 5590 Buckhorn Drive (corner lot) be designated as a Residentially Distressed Area under the provisions of Indiana Code 6- 1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6-1.1-12.1 et seq., for tax abatement. 12