Reconfirming Tax Abatement - Villas at Lake Blackthorn Cooreman Real Estate

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RESOLUTION NO. 'it-(3—(3 A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS THE VILLAS AT LAKE BLACKTHORN (Located on approximately 56 acres north of Brick Road, and west of and adjacent to the U.S. 31 Bypass) having the addresses 5005 Masthead Court, 4704 Portside Drive, 4603 Pier Court, and 4643 Starboard Drive RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR COOREMAN REAL ESTATE GROUP, 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 The Villas at Lake Blackthorn, South Bend Indiana, and which are more particularly described as follows: LOT 47 THE VILLAS AT LAKE BLACKTHORN SEC 1 025- 1010 - 017665 LOT 73 THE VILLAS AT LAKE BLACKTHORN SEC 1 025- 1010 - 017691 LOT 78 THE VILLAS AT LAKE BLACKTHORN SEC 1 025 -1010- 017696 LOT 88 THE VILLAS AT LAKE BLACKTHORN SEC I 025 -1010- 107706 be designated 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. WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of the Declaratory Resolution which was Resolution No. 3864 -08 which was issued on May 12, 2008 and