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REGULAR MEETING AUGUST 12, 2013 <br /> <br /> <br /> <br /> <br />by census information, local building and demolition permits, or certificates of <br />occupancy, or the areas are owned by Indiana or the United States; or <br />G. The area (plus any areas previously designated under this subsection) will not <br />exceed ten percent (10%) of the total area within the Council’s jurisdiction. <br /> <br />SECTION III. The Common Council also hereby determines and finds the following: <br /> <br />A. That the description of the proposed redevelopment meets the applicable standards <br />for such development. <br />B. That the estimate of the value of the redevelopment is reasonable for projects of this <br />nature; <br />C. That the other benefits about which information was requested are benefits that can <br />be reasonably expected to result from the proposed described redevelopment; and <br />D. That the totality of benefits is sufficient to justify the requested deduction, all of <br />which satisfy the requirements of Indiana Code 6-1.1-12.1-3. <br />E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local <br />code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within five (5) calendar years from the date of the adoption of this Resolution by the <br />Common Council. <br /> <br /> <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating <br />the area described herein as a Residentially Distressed Area for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is limited to five (5) calendar years <br />from the date of the adoption of the Declaratory Resolution by the Common Council as shown <br />by the attachment pursuant to Indiana Code 6-1.1-12.1-17. <br /> <br />SECTION V. The Common Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br />Bend and Indiana Code 6-1.1-12.1 et seq. <br /> <br />SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br /> <br /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br />Councilmember Scott made a motion to accept the substitute version of this bill as on File in the <br />Office of the City Clerk. Councilmember Gavin Ferlic seconded the motion which carried by a <br />voice vote of nine (9) ayes. <br /> <br />th <br />Aladean DeRose, Assistant City Attorney, 12 Floor County-City Building, 227 W. Jefferson <br />Blvd., South Bend, Indiana, made the presentation for this bill. <br /> <br />Ms. DeRose advised in my opinion the statute has changed and because the Council has not <br />approved an abatement schedule previously for this property, it is required that there be an <br />abatement schedule for this property and I believe that were are going to amend the Declaratory <br />Resolution to provide that and now change the abatement that was previously established, but <br />did not include an actual schedule that will be attached to the Resolution. That will be the format <br />that we will use by statute. <br />Daryl Knip, Abonmarche Consultants, Inc., 750 Lincolnway East, South Bend, Indiana, made <br />the presentation for the Resolutions on behalf of the owner/developer Tampico Developments, <br />LLC. <br /> <br /> <br /> <br />9 <br /> <br /> <br />