01-12-04 Council Meeting Minutes

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REGULAR MEETING JANUARY 12, 2004 E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby determines and finds that the proposed described redevelopment can be reasonably expected to yield benefits identified in the Statement of Benefits and the petition for real property tax abatement consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. SECTION V. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as a Residentially 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 be limited to five (5) { calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. 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 be 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. s/Karen White Member of the Common Council Councilmember Kelly, Chairman of the Community and Economic Development Committee reported that this committee met this afternoon and it was the consensus of the Committee to send this bill to the full Council with a favorable recommendation. Andy Place, Place Builders, Inc. 2133 Foxboro Ct., Mishawaka, IN 46545 made the formal presentation on this bill. Mr. Place stated that he represents the petitioner Mr. Cosimo Rulli. The home that is going to be constructed at 1337 Clayton Dr., is approximately a 1800 sq. ft. two-story home. The home will have tree bedrooms, 2 1/2 bathrooms, an attached garage and a full basement. The total cost for the new home is estimated at$180,000. The project meets the qualifications for a five (5) year real property tax abatement. A Public Hearing was held on the Resolution at this time. There was no one else present wishing to speak to the Council either in favor of or in opposition to this Resolution. Councilmember Pfeifer made a motion to adopt this Resolution. Councilmember Varner seconded the motion which carried by a roll call vote of nine ayes. 13