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Substitute Bill No. 18-96 <br /> Page 2 <br /> (II) A significant number of dwelling units within an area are not <br /> permanently occupied or a significant number of parcels in the area are vacant land;or <br /> (III) A significant number of dwelling units within an area are: <br /> 1. the subject of an order issued under I.C. § 36-7-9; or <br /> 2. evidencing significant building deficiencies;or <br /> (IV) An area has experienced a net loss in the number of dwelling units,as <br /> documented by census information,local building and demolition permits,or certificates of <br /> occupancy,or the area is owned by Indiana or the United States. <br /> (V) The total areas designated as RDA's will not exceed ten percent(10%) <br /> of the total area within the Council's jurisdiction. <br /> Based on the information attached to this ordinance and defining each of the areas listed in <br /> this subsection, the Council finds and declares that the provisions of I.C. § 6-1.1-12.1-2 <br /> (c) have been met and that each of the particular areas described herein are declared <br /> residentially distressed areas(RDA's). <br /> SECTION II. Chapter 2,Article 6,Section 2-77.1 of the South Bend Municipal <br /> Code shall be amended to read in its entirety as follows: <br /> Sec. 2-77.1. Single-Family Construction. <br /> (a) Generally: The Common Council believes that the following general <br /> standards have a reasonable relationship to the development objectives of single-family <br /> construction within the City, and would warrant tax abatement consideration as set forth <br /> herein. <br /> (b)New construction: Proposed new construction, single-family owner- <br /> occupied residentially zoned dwellings,which are to be located in a residentially distressed <br /> area, as defined in subsection 2-76.1 (a)(20), and which meet the following minimum <br /> requirements, may be considered for a maximum of a five-year Real Property Tax <br /> Abatement: <br /> (1) The lots and/or parcels on which the single-family owner- <br /> occupied residentially zoned dwellings are to be or are constructed are appropriately zoned <br /> for single-family construction; <br /> (2)The dwelling must be occupied by the title holder of the property <br /> for the duration of the tax abatement.Model homes and speculation homes,constructed by <br /> the developer, are an exception to this requirement.However, the five-year tax abatement <br /> status begins at the time that the tax abatement is approved and instituted regardless of <br /> whether the dwelling is a model home or has been sold; <br /> (3)The title holder of the property for which the tax abatement status <br /> is sought must file with the office of the City Clerk and the Department of Community and <br /> Economic Development a copy of the recorded warranty deed as a condition of maintaining <br /> the tax abatement status. <br /> (c) Conditions:The Common Council shall require compliance with all local code <br /> standards for habitability as a condition to the granting of an RDA. <br /> (d)Fees : The fees for filing a designation application may not exceed the cost of <br /> publishing the required notice. <br /> Ian L#�i.f�.n 7lirtn• Pnnt, of»rrin_fil~AL n:.»a._»nn•r»ua saotaa»ti olin.sn»all amall;In er <br />