5015-23 Designating 5-Year Tax Abatement Properties: 724 & 726 Harrison Ave. South Bend, IN

Home Browse Search

Distressed Area and hereby adopts a Resolution designating this area as a Residentially Distressed Area for purposes of real property tax abatement. SECTION VI. The designation as a Residentially Distressed Area shall expire on December 31, 2025. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted a real property tax deduction for a period of five(5) years as shown below pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 100% Year 3 - 95% Year 4 - 95% Year 5 - 90% SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all local code standards for habitability as a specific condition of having such property designated as a residentially distressed area. SECTION X. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Gt, 1 y ✓17(.- LI So nMcBridei�� , Council President South Bend Common Council Attest: ilita -74 / Dawn M. Jones, City Clerk / Office of the City Clerk Presented by me, the undersigned Clerk of the C. y of South Bend, to the Mayor of the City of South Bend, Indiana, on the I/- . day of , 2023, at 1/ o'clock i2 .m. /414 401)/(/1) Dawn M. Jones, City Clerk Office of the City Clerk PA Approved and signed by me on the , 3 day of 7r, 1 ,2023,at 2 o'clock rm. Ait. ../"-- Jame Mueller, Mayor City f South Bend