06-23-03 Council Meeting Minutes

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REGULAR MEETING JUNE 23, 2003 satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. 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 confirms its Declaratory Resolution designating the areas described herein as Residentially Distressed Areas for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. SECTION VI. 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 L. White Member of the Common Council Mr. Bernard Feeney, 215 West Marquette Avenue, South Bend, Indiana, made the presentation for this bill. Mr. Feeney advised that he is present on behalf of Cleland Builders who are the developers of the residential subdivision to be known as Jade Crossing located on the south side of Brick Road immediately to the west of Heritage Pointe Subdivision and east of Mayflower Road. This particular phase of the subdivision being considered tonight is Phase I consisting of thirty two (32) lots and is the premiere phase of this particular development. These lots, when developed, will have a total value in excess of $3 million dollars. He advised that there will probably be an additional seventy (70) more lots to follow. Mr. Feeney stated that his office has already been given the go ahead for Phase II which will follow later this summer. In regards to Phase I, currently there is a plat before the Area Plan Commission for final approval of the subdivision. Plans have already been submitted to the City Engineer's office and they expect the street and sewer plans to be adopted or approved yet this week. The water plans have already been approved. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember King made a motion to adopt this Resolution. Councilmember Kuspa seconded the motion which carried and the Resolution was adopted by a roll call vote of eight (8) ayes. RESOLUTION NO. 3206 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA. COMMONLY KNOWN AS 140 LAKE STREET