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REGULAR MEETING OCTOBERT 28, 2013 <br /> <br />C. That the estimate of the number of individuals who will be employed or whose <br />employment will be retained by the Petitioner can reasonably be expected to <br />result from the proposed described redevelopment or rehabilitation. <br />D. That the estimate of the annual salaries of those individuals who will be employed <br />or whose employment will be retained by the Petitioner can be reasonably <br />expected to result from the proposed redevelopment or rehabilitation; <br /> <br />E. That the other benefits about which information was requested are benefits that <br />can be reasonably expected to result from the proposed described redevelopment <br />or rehabilitation; and <br /> <br />F. 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 /> <br />SECTION III. The Common Council hereby determines and finds that the proposed described <br />redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the <br />Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Real Property Tax <br />Abatement Consideration, the Memorandum of Agreement between the Petitioner and the City <br />of South Bend, and that the Statement of Benefits form completed by the petitioner, said form <br />being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted <br />under Indiana Code § 6-1.1-12.1-3. <br /> <br />SECTION IV. The Common Council hereby accepts the report and recommendation of the <br />Community Investment Committee that the area herein described be designated as an Economic <br />Revitalization Area and hereby adopts a Resolution designating this area as an Economic <br />Revitalization Area for purposes of real property tax abatement. <br /> <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br /> <br />SECTION VI. The Common Council hereby determines that the property owner is qualified for <br />and is granted property tax deduction for a period of five years as shown by the attachment <br />pursuant to Indiana Code 6-1.1-12.1-17. <br /> <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br /> <br />SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br />. <br /> s/Derek D. Dieter <br /> Member of the Common Council <br /> <br /> <br />RESOLUTION NO. 4293-13 A RESOLUTION RECONFIRMING THE <br /> ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN <br /> AREAS WITHIN THE CITY OF SOUTH BEND, <br /> INDIANA, COMMONLY KNOWN AS THE <br /> VILLAS AT LAKE BLACKTHORN LOCATED <br /> ON APPROXIMATELY 56 ACRES NORTH OF <br /> BRICK ROAD, AND WEST OF AND <br /> ADJACENT TO THE U.S. 31 BYPASS HAVING <br /> THE ADDRESSES OF 5005 MASTHEAD <br /> COURT, 4704 PORTSIDE DRIVE, 4603 PIER <br /> COURT, AND 4643 STARBOARD DRIVE <br /> RESIDENTIALLY DISTRESSED AREAS FOR <br /> PURPOSES OF A FIVE (5) YEAR <br /> RESIDENTIAL REAL PROPERTY TAX <br /> ABATEMENT FOR COOREMAN REAL <br />34 <br /> <br /> <br />