02-09-98 Council Meeting Minutes

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REGULAR MEETING FEBRUARY 9, 1998 SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted 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 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/ Sean Coleman Member of the Common Council A public hearing was held on the resolution at this time. Laura Smith, a partner Alliance Associates, made the presentation for the resolution. She informed the Council that they believe this tax abatement will encourage development in the City of South Bend. Council Member Kelly made a motion to adopt this resolution, seconded by Council Member Broden. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 2550 -98 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOTS 124 & 125 HERMITAGE SOUTH ESTATES, SECTION THREE RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR ROJO DEVELOPMENT, INC. WHEREAS, the Common Council of the City of south Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Residentially distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as Lots 124 & 125 Hermitage South Estates, Section Three, South Bend, Indiana, and which are more particularly described as follows: LOTS 124 & 125 HERMITAGE SOUTH ESTATES, SECTION THREE and which has tax Key Number 23- 1037 -2095, as a Residentially distressed Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. 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 i