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REGULAR MEETING <br />SEPTEMBER 8, 2003 <br />Mr. Saviano advised that he will be constructing ten (10) single family residential homes of <br />approximately eight hundred (800) to one thousand (1,000) square feet in size. They will be two (2) <br />and three (3) bedrooms, one (1) bath, full basement or crawl space and a single car garage. The <br />approximate value will be about seventy -five thousand dollars ($75,000.00) per unit for a total <br />project of seven hundred fifty thousand dollars ($750,000.00). <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 Coleman made a motion to adopt this Resolution. Councilmember <br />Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of eight <br />(8) ayes. <br />RESOLUTION NO. 3244 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 1915, 1919, 1923, <br />2001, 2005 AND 2023 S. PHILIPPA STREET AS A <br />RESIDENTIALLY DISTRESSED AREA FOR PURPOSES <br />OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR JOSEPH PANZICA <br />WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement has <br />been submitted to and filed with the City Clerk for consideration by the Common Council of the City <br />of South Bend, Indiana requesting that the area commonly known as 1915, 1919, 1923, 2001, 2005 <br />and 2023 S. Philippa Street, South Bend, Indiana, and which are more particularly described as <br />follows: <br />Street Address: Legal Description: Key Number: <br />1915 S. Philippa Lot 238 Highland Park 2nd Addition <br />1919 S. Philippa Lot 239 Highland Park 2nd Addition <br />1923 S. Philippa Lot 240 Highland Park 2nd Addition <br />2001 S. Philippa Lot 241 Highland Park 2nd Addition <br />2005 S. Philippa Lot 242 Highland Park 2nd Addition <br />2023 S. Philippa Lot 246 Highland Park 2nd Addition <br />18- 8097 -3692 <br />18- 8097 -3693 <br />18- 8097 -3694 <br />18- 8097 -3695 <br />18- 8097 -3696 <br />18- 8097 -3700 <br />be designated as Residentially Distressed Areas under the provisions of Indiana Code 6 -1.1 -12.1 et <br />and South Bend Municipal Code Sections 2 -76 et sea., and; <br />WHEREAS, the Department of Community and Economic Development has concluded an <br />investigation and prepared a report with information sufficient for the Common Council to determine <br />that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1 -12.1, et M., and <br />South Bend Municipal Code Sections 2 -76, et se ., and has further prepared maps and plats showing <br />the boundaries and such other information regarding the area in question as required by law; and <br />M <br />