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01-14-08 Council Meeting Agenda & Packet
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01-14-08 Council Meeting Agenda & Packet
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Last modified
11/25/2008 1:22:12 PM
Creation date
1/10/2008 1:45:37 PM
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City Council - City Clerk
City Counci - Date
1/14/2008
Document Relationships
9816-08 Vacation - Alley - Meade, Kenwood
(Superseded by)
Path:
\Public\Common Council\Legislation\Ordinances\2008
9817-08 Establish Additional fund - Fund #435- TIF District
(Superseded by)
Path:
\Public\Common Council\Legislation\Ordinances\2008
Confirming Tax Abatement - 202 South Michigan Street - Various Floors - Key Bank, LLC (The Hinman Company)
(Superseded by)
Path:
\Public\Common Council\Legislation\Resolutions/Special Resolutions\2008
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E. The deduction will not be allowed unless the dwelling is rehabilitated to meet <br />local code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within five (5) calendar years from the date of the adoption of this Resolution by <br />the Common Council. <br />SECTION IV. The Common Council hereby determines and finds that the proposed described <br />redevelopment can be reasonably expected to yield benefits identified in the Statement of <br />Benefits and the petition for real property tax abatement consideration and that the Statement of <br />Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction <br />granted under Indiana Code 6-1.1-12.1-3. <br />SECTION V. The Common Council hereby accepts the report and recommendation of the <br />Community and Economic Development Committee that the area herein described be designated <br />as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a <br />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 (5) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VII. The Common Council hereby determines that the property owner is qualified for <br />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 adoption of <br />this Declaratory Resolution for Real Property Tax~Abatement to be published pursuant to Indiana <br />Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br />SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all local code <br />standards for habitability as a specific condition of Having such property designated . as a <br />residentially distressed area. <br />SECTION X. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />Member of the Common Council <br />PRESENTED ~ ' ~ ~` v 0 <br />NOT APPROVED <br />p.DOPTE® ~'~ <br />Filed to cl~r~'~ ~f~ice <br />DEC 2 0 ~DD7 <br />JQt~sFJ VD~i[JDE <br />CITY CLEnK, 5D. EEND, iN. <br />
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