08-11-03 Council Meeting Minutes

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REGULAR MEETING AUGUST 11, 2003 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 area described herein as a Residentially Distressed Area 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 se q. 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 Ms. Marcia Adelman, Cooreman Real Estate Group, Inc., 24545 Brick Road, South Bend, Indiana, residing at 5517 Sterling Drive, South Bend, Indiana, made the presentation for this bill. Ms. Adelman advised that a correction needs to be made in the title of the Resolution in that the addresses are actually Blackthorn Harbor Drive. Council Attorney Kathleen Cekanski- Farrand noted that only the title is incorrect. Ms. Adelman noted that previously the Council granted abatement for the first one hundred six (106) lots of this subdivision and these addresses represent eight (8) additional lots. When the project is built out the property tax revenue should exceed close to four hundred thousand ($400,000.00) a year. A Public Hearing was held on the Resolution at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to this Resolution. Councilmember Varner made a motion to add the word "Harbor" between Blackthorn and Drive everyplace where it appears within the title of this bill. Councilmember Coleman seconded the motion which carried by a voice vote of nine (9) ayes. Further, Councilmember Coleman made a motion to adopt this Resolution as amended. Councilmember Kuspa seconded the motion which carried by a roll call vote of nine (9) ayes. RESOLUTION NO. 3224 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE /'TTX7 f-%I- Of'%TTTTT T7T`ATT% TlL^0T1- XTATThT,(1 /"'=3q ATXT