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RM 08-01-97
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RM 08-01-97
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South Bend Redevelopment Commission <br />Regular Meeting - August 1, 1997 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />will also be sold using subsidies offered by <br />the Housing Assistance Office and South <br />Bend Heritage Foundation of up to <br />$22,000 making them affordable to low <br />income families. <br />A review of the tax abatement records <br />finds that Garden Homes has been <br />affiliated with a series of tax abatements <br />granted to G & M Properties for new home <br />construction in the far northwest <br />neighborhood and the Rum Village area. <br />The tax abatements granted to G & M <br />Properties were listed in the report. South <br />Bend Heritage has also been associated <br />with several previous tax abatements. <br />Both G & M Properties and South Bend <br />Heritage Foundation are in compliance <br />with any reporting requirements for the <br />previous abatements. <br />The building commissioner has reviewed <br />this petition and finds the properties to be <br />properly zoned for the proposed use. A <br />review of the tax abatement maps finds <br />that the properties are located in the <br />Residentially Distressed Area. <br />A review of the Redevelopment allocation <br />area finds that the property is located in <br />the West Washington- Chapin <br />Development Area which is a Tax <br />Incremental Financing Allocation Area, <br />therefore, the petition first requires the <br />approval of the South Bend <br />Redevelopment Commission. A review of <br />H:\HOME\ CPHIPPS \WPDATA \COMMSN\080197.MIN -6- <br />
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