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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - April 9, 1999 <br />6. NEW BUSINESS (CONT.) <br />c. continued... <br />This neighborhood has a visible <br />weakness in the number of vacant lots. <br />By converting vacant lots into owner <br />occupied housing, this project will <br />address the need for stability in the <br />neighborhood. <br />A review of the tax abatements <br />previously granted finds that the <br />Housing Development Corporation has <br />not been granted previous tax <br />abatement. <br />The building commissioner has <br />AffPN reviewed the petition and finds the <br />property to be properly zoned for the <br />proposed project. <br />A review of the designated South Bend <br />Redevelopment areas finds that the <br />property is located in the West <br />Washington- Chapin Development Area, <br />which is a Tax Incremental Allocation <br />Area; therefore, the petition for real <br />property tax abatement must first be <br />approved by the South Bend <br />Redevelopment Commission. <br />A review of the Tax Abatement <br />ordinance finds that the Housing <br />Development Corporation meets the <br />qualifications for a five -year residential <br />tax abatement under Single Family Real <br />Property Abatement. <br />H: \WPDATA \COMMSN\040999.MIN -13- <br />