02/12/07 Community and Economic Development Committee Minutes

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Comaunity and ~ca~a~nic ~e~e~~~ent ~or~mittee February ~ ~, ~~~~ Page ~ Council l~resjdent Rouse suggested that new section be added to the ordinance which would address the concerns raised that the Council would be contacted periodically and that the Council would receive a copy of their report~s~, llll. Fanella stated that she would see that a substitute bill would be ready far this evenings meeting. Council lUlember Ill~hite rude a motion, seconded by Council IVlember Pu~zelly that Bill IVo. ~S~~l as to be amended by a substitute bill be recommended favorably to Council= The motion passed. Bili Ida. ~7-~~ - ear Residentiai Real Pro a Tax A~~a~eme~ Re oast of SFi1LDl Par~nersi far ~3Q ~2 ~3~8 aid ~ ~a~ Court Council Nlernber Dieter called far a presentation an Bill No. ~l-~~ which i a request b 1=11L~1 Parknersl~ip to declare ~a, ~~, 8 and ~~ ~a~ Court as residentially distressed areas for purposes of a #year residential real property tax abatement. Bill Schallivl of the Department of Camrnunity and Economic Development reviewed the January ~, ~Q~~ multiWpage report from his department ~capy attached}. Ike Hated that the properties in question are located in Southfield Subdivision, Section ~~ The total price of the project is estimated to be 1~~~~~~~ The report concluded that the petitioner qualifies for the requested 5~year residential real property tax abatement under Section ~-11.1 addressing "Single Farily Residential Construction" of the ou~~ ~e~d ~lur~icipa! o~'e. Richard J ~ Deahl, of Barnes & Thvrr~burg, LLP with offices located at OD North Michigan in downtown South Bend nude the formal presentation, He noted that the proposed faur~4} single-family villalcondorninium units would range in value from ~ a,~~~ to ~4a,000, The area that they would b constructed on is a small col-de~ sac and with the abatement it would assist in marketing them In response to a question from Council IVlen~ber Dieter, IUIr, Deahl stated that it maytake up to a year to move the properties, Hating that they are located in Centre Township with a 5,1 °lo tax rate. Dr. Varner Hated that almost all of the recent residential development in the south end of the city has received residential tax abatement consideration, Council 11~ember Pu~~ello rr~ade a motion, seconded by Council ll~rnber 1hite that Bill No. ~1-~`~ be recommended favorably to Council. The nnotion passed.