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REGULAR MEETING SEPTEMBER 13,2004 <br /> described redevelopment can be reasonably expected to yield benefits identified in the <br /> Statement of Benefits and the petition for real property tax abatement consideration and <br /> that the Statement of Benefits form prescribed by the State Board of Accounts are <br /> sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. <br /> SECTION V. The Common Council hereby accepts the report and recommendation of <br /> the Community and Economic Development Committee that the area herein described be <br /> designated as a Residentially Distressed Area and hereby adopts a Resolution designating <br /> this area as a Residentially Distressed Area for purposes of real property tax abatement. <br /> SECTION VI. The designation as a Residentially Distressed Area shall be limited to five <br /> (5) calendar years from the date of the adoption of this Resolution by the Common <br /> Council. <br /> SECTION VII. The Common Council hereby determines that the property owner is <br /> qualified for and is granted property tax deduction for a period of five (5) years. <br /> SECTION VIII. The Common Council directs the City Clerk to cause notice of the <br /> adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br /> pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication <br /> providing notice of the public hearing before the Common Council on the proposed <br /> confirming of said declaration. <br /> SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all <br /> local code standards for habitability as a specific condition of having such property be <br /> designated as a residentially distressed area. <br /> SECTION X. This Resolution shall be in full force and effect from and after its adoption <br /> by the Common Council and approval by the Mayor. <br /> s/Karen L. White <br /> Member of the Common Council <br /> Councilmember Kelly reported that the Community and Economic Development <br /> Committee conducted a Public Hearing on this bill this afternoon and voted to send it to <br /> the full Council with a favorable recommendation. <br /> Mr. David Hatch, Habitat for Humanity, 402 E. South Street, South Bend, Indiana made <br /> the presentation for this bill. <br /> Mr. Hatch advised that the Westside Democratic and Civic Club is selling two lots to <br /> Habitat for Humanity, which proposes to construct one 1,120 square foot home on a <br /> crawlspace on the combined 80 x 120 foot lot. The home will have either three bedrooms <br /> and one bath or four bedrooms and one and three-quarters baths. Habitat will use <br /> volunteer labor and donated materials to build the home, valued at approximately <br /> $69,000. <br /> A Public Hearing was held on the Resolution at this time. <br /> There being no present wishing to speak to the Council either in favor of or in opposition <br /> to this Resolution, Councilmember Coleman made a motion to adopt this Resolution. <br /> Councilmember Kuspa seconded the motion which carried and the Resolution was <br /> adopted by a roll call vote of nine (9) ayes. <br /> RESOLUTION NO. 3377-04 A RESOLUTION OF THE COMMON <br /> COUNCIL OF THE CITY OF SOUTH <br /> BEND DESIGNATING CERTAIN AREAS <br /> WITHIN THE CITY OF SOUTH BEND, <br /> INDIANA, COMMONLY KNOWN AS <br /> 2530 W. LINDEN AVE., 1139 MCKINLEY <br /> AVE. AND 2118 KENWOOD ST. AS A <br /> 31 <br />