03-24-03 Council Meeting Minutes

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REGULAR MEETING MARCH 24, 2003 CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLYKNOWN AS 1138 HILL STREET, 711 ST. PETER STREET AND 713 ST. PETER STREET AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND HERITAGE FOUNDATION WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement has been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the areas commonly known as 1138 Hill Street, 711 St. Peter Street and 713 St. Peter Street, South Bend, Indiana, and which are more particularly described as follows: Street Address: Legal Description: Key Number: 1138 Hill Street Lot 19, ex 20 ft S side Lot 20, 18 -5109 -3848 Shenefields Sub of Lot 143, Sorins 2nd Add 711 St. Peter Street Lot 17, ex str Hodsons Sub Lots 24 18 -5032 -1141 & 25, Sorins 1St Add 713 St. Peter Street Lot 16, ex W end for str Hodsons 18 -5032 -1140 of Lots 24 -25, Sorins 1St Add be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et se q., and South Bend Municipal Code Sections 2 -76 et seq., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1 -12.1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance no. 8845 -97, which was passed on December 8, 1997: 1 1 IF�