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REGULAR MEETING <br />FEBRUARY 9, 1998 <br />C. Parcels of property in the area: <br />I. have been sold and not redeemed under IC 6- 1.1 -24 <br />and IC 6- 1.1 -25; or <br />ii. are owned by a unit of local government; or <br />D. A significant number of dwelling units within the area <br />are not permanently occupied or a significant number of <br />parcels in the area are vacant land; or <br />E. A significant number of dwelling units within the area <br />are: <br />I. the subject of an order issued under IC 36 -7 -9; or <br />ii. evidencing significant building deficiencies; or <br />F. The area has experienced a net loss in the number of <br />dwelling units, as documented by census information, local <br />building and demolition permits, or certificates of <br />occupancy, or the areas are owned by Indiana or the United <br />States; or <br />G. The area (plus any areas previously designated under <br />this subject) will not exceed ten percent (10 %) of the total <br />area within the Council's jurisdiction. <br />SECTION II. The Common Council also hereby determines and <br />finds the following: <br />A. That the description of the proposed redevelopment <br />meets the applicable standards for such development. <br />B. That the estimate of the value of the redevelopment is <br />reasonable for projects of this nature. <br />C. That the other benefits about which information was <br />requested are benefits that can be reasonably expected <br />to result from the proposed described redevelopment; <br />and <br />D. That the totality of benefits is sufficient to justify <br />the requested deduction, all of which satisfy the <br />requirements of Indiana Code 6 -1.1- 12.1 -3. <br />E. The deduction will not be allowed unless the dwelling <br />is rehabilitated to meet local code standards for <br />habitability. <br />F. The deduction will not be allowed unless the dwelling <br />rehabilitation is completed within the five (5) <br />calendar years from the date of adoption of this <br />Resolution by the Common Council. <br />SECTION IV. The Common Council hereby confirms its <br />Declaratory Resolution designating the.area described herein as a <br />Residentially Distressed Area for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is <br />limited to five (5) calendar years from the date of adoption of <br />the Declaratory Resolution by the Common Council of the City of <br />South Bend Indiana Code 6 -1.1 -12.1 et seq. <br />SECTION V. The Common Council hereby determines that the <br />property owner is qualified for and is granted Real property tax <br />abatement only and is limited to five (5) calendar years from the <br />date of adoption of the Declaratory Resolution by the Common <br />Council. <br />SECTION VI. This Resolution shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />/s/ Sean Coleman <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. <br />John Crisman, a representative of BL Builders, made the <br />presentation for the resolution. He indicated this abatement <br />will help senior citizens who are on fixed incomes to better <br />afford these villas. A discussion was held on Emerson Forest, <br />another project of BL Builders that is receiving tax abatement. <br />Council Member Hosinski reported he was very concerned about <br />additional modular homes being set up in Emerson Forest. Council <br />