Laserfiche WebLink
REGULAR MEETING <br />FEBRUARY 10, 2003 <br />E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local <br />code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within five (5) calendar years from the date of the adoption of this Resolution by the <br />Common Council. <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the <br />area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited to five (5) calendar years from the <br />date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified for and <br />is granted Real property tax deduction for a period of five (5) years, and further determines that the <br />petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6 -1.1 -12.1 et seq. <br />SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />s/Karen L. White <br />Member of the Common Council <br />Mr. Jim Rans, 16789 Brick Road, Granger, Indiana, made the presentation for this bill. <br />Mr. Rans advised that on April 27, 1998, the Council granted a five (5) year residential real property <br />tax abatement to Topsfield Road Development Corporation. The abatement assisted the developer <br />in selling and developing twenty nine (29) lots in the Deer Run at Topsfield Subdivision. The <br />abatement is due to expire in April of this year and the Petitioner is now seeking abatement on the <br />sixteen (16) remaining lots. The Deer Run at Topsfield Subdivision is located on the northeast <br />corner of Ironwood and Inwood Roads on South Bend's south side. The project started out with <br />forty -nine (49) lots, of which thirty -three (33) have now been built upon. The sixteen (16) <br />remaining lots will feature home sites with a minimum of two thirds of an acre and homes will be <br />a minimum of two thousand nine hundred (2,900) square feet each. The approximate price for each <br />home is estimated at four hundred thousand dollars ($400,000.00) making the total project <br />approximately six million four hundred thousand dollars ($6,400,000.00). <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember King made a motion to adopt this Resolution. Councilmember Varner <br />seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) <br />ayes. <br />RESOLUTION NO. 3160 -03 A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, <br />