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REGULAR MEETING AUGUST 23, 2004 <br /> 1817 North Elmer Street, South Bend, Indiana,and which are more particularly described <br /> as follows: <br /> Street Address: Legal Description: Key <br /> Number: <br /> 1813 North Elmer Street Lot 439 Marquette Hts 18-2117-4320 <br /> 1817 North Elmer Street Lot 440 Marquette Hts 18-2117-4316 <br /> as a Residentially Distressed Area; and <br /> WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br /> before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and <br /> WHEREAS, the Council held a public hearing for the purposes of hearing all <br /> remonstrance's and objections from interested persons; and <br /> WHEREAS, the Council has determined that the qualifications for a residentially <br /> distressed area have been met. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br /> Bend, Indiana, as follows: <br /> SECTION I. The Common Council hereby determines and finds that the petition for real <br /> property tax abatement and the Statement of Benefits form meet the requirements of <br /> Indiana Code 6-1.1-12.1 et seq., for tax abatement. <br /> SECTION II. The Common Council hereby determines and finds that the area meets one <br /> of the following conditions as formally established in Ordinance no. 8845-97, which was <br /> passed on December 8, 1997: <br /> A. The area is comprised of parcels that are either unimproved or contain only <br /> one (1) or two (2) family dwellings designed for up to four (4) families, including <br /> accessory buildings for those dwellings; or <br /> B. Any dwellings in the area are not permanently occupied and are: <br /> i. the subject of an order issued under IC 36-7-9; or <br /> ii. evidencing significant building deficiencies; or <br /> C. Parcels of property in the area: <br /> i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; <br /> or <br /> ii. are owned by a unit of local government; or <br /> D. A significant number of dwelling units within the area are not permanently <br /> occupied or a significant number of parcels in the area are vacant land; or <br /> E. A significant number of dwelling units within the area are: <br /> i. the subject of an order issued under IC 36-7-9; or <br /> ii. evidencing significant building deficiencies; or <br /> F. The area has experienced a net loss in the number of dwelling units, as <br /> documented by census information, local building and demolition permits, or <br /> certificates of occupancy, or the areas are owned by Indiana or the United States; <br /> or <br /> G. The area (plus any areas previously designated under this subsection) will <br /> not exceed ten percent (10%) of the total area within the Council's jurisdiction. <br /> SECTION III. The Common Council also hereby determines and finds the following: <br /> A. That the description of the proposed redevelopment meets the applicable <br /> standards for such development. <br /> B. That the estimate of the value of the redevelopment is reasonable for <br /> projects of this nature; <br /> C. That the other benefits about which information was requested are benefits <br /> that can be reasonably expected to result from the proposed described <br /> redevelopment; and <br /> D. That the totality of benefits is sufficient to justify the requested deduction, <br /> 7 <br />