07-14-97 Council Meeting Minutes

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REGULAR MEETING JULY 14, 1997 1st addition, a distance of 1018.22 feet; thence north 61°29'37" east along the south line of Peaks 1st addition, a distance of 584.00 feet; thence continuing along said south line north 89035135" east a distance of 638 feet to the point of beginning (containing 68.8 acres more or less) Subject to any easements covenants or restrictions or record. as a Residentially Distressed Area; and WHEREAS, a notice of the adoption of a Declaratory Resolution and the public hearing all remonstrances and objections from interested persons; 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; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met; and WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of the Declaratory Resolution as Resolution No. 2330 -96 on January 8, 1996; and WHEREAS, the petitioner has requested an additional period of time to complete construction of the planned project. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South bend, Indian, as follows: SECTION I, The Common Council hereby determines and find that the Petition for real property tax abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1 -12.1 et sea., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. A significant number of dwelling units within the areas are not permanently occupied or a significant number of parcels in the areas are vacant land; or B. A significant number of dwelling units in the areas are vacant land; or I. the subject of an order issued under IC 36 -7 -9, or ii. evidencing significant building deficiencies; or C. The Area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; D. The areas (plus any areas previously designated) do not exceed ten percent (10 %) of the total area within the designating body's jurisdiction; E. That the description of the proposed redevelopment meets the applicable standards for such development; F. That the estimate of the value of the redevelopment is reasonable for projects of this nature; G. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and H. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3 1 1 _J