10-09-95 Council Meeting Minutes

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, as follows: ON I. The Common Council hereby determines and finds that the Petition for Real rty Tax Abatement and the Statement of Benefits form completed by the Petitioner the requirements of Indian a Code 6 -1.1- 12.1 -1, et seq., for tax abatement. A. That the description of the proposed redevelopment meets the applicable standards for such development; B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. 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 SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment can be reasonably expected to yield benefits identified in the Statement of Benefits set forth as Section I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a Residentially Distressed Area for purposes of real property tax abatement. SECTION V. The designation as a Residentially Distressed Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /Eugene Ladewski Member of the Common Council A public hearing was held on the resolution at this time. Mike Urbanski, a representative of G. M. Properties, made the presentation for the bill. He asked for the Council's support on the passage of this resolution. He indicated this affordable housing will give the city positive results. Council Member Zakrzewski made a motion to recommend this bill to the Council favorable, seconded by Council Member Luecke. The motion carried. RESOLUTION NO. 2288 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA REQUESTING THE INDIANA STATE LEGISLATURE TO ADOPT STATE LEGISLATION WHICH WOULD ALLOW SECOND CLASS CITIES WHO ARE RESTRICTED BY STATE ANNEXATION LAWS TO DESIGNATE ADDITIONAL AREAS FOR RESIDENTIAL TAX ABATEMENT Whereas, the Common Council believes that a strong base of homeowners is important to healthy neighborhoods and a vital community; and Whereas, the Common Council has encouraged home ownership in the city of South Bend by funding R.E.W.A.R.D. the Community Homebuyers Corporation as well as other city programs; and Whereas, the State Legislature has enacted Indiana Code § 6 -1.1- 12.1 -2 which allows cities to offer limited five year real property tax abatement for the construction of new single family homes in designated areas which can comprise not more than 10% of the city. To date, the Council has approved three (3) petitions approving abatements for 16 parcels and further notes that there are two (2) petitions pending for an additional ten (10) parcels to be designated under this state law; and Whereas, the City of South Bend has been restricted by Indiana Code 5 36 -4 -3 in its annexation powers compared to other second class cities in this state by limited its ability to expand and increase home ownership in the city; and Whereas, the Common Council of the City of South Bend believes that residential tax abatements would be a useful tool for spurring single family development within more than 10% of the City and for encouraging growth through voluntary annexation of residentially zoned vacant land. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: SECTION I. The Common Council of the City of South Bend, hereby petitions the