09-08-08 Council Meeting Agenda & Packet

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NORTH 00 038'57" EAST, ALONG SAID EAST LINE A DISTANCE OF 197.38 FEET TO A 5/8" IRON BAR WITH CAP MARKING THE NORTHEAST CORNER OF SAID LOT 1; THENCE NORTH 89 °58'31" EAST, ALONG THE SOUTH LINE OF THE PARCEL OF LAND DESCRIBED IN RECORDED INSTRUMENT NO. 8826863 IN THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA A DISTANCE OF 14.56 FEET TO A 5/8" IRON BAR WITH CAP; THENCE .NORTH 00 °20'24" WEST A DISTANCE OF 503.01 FEET TO A 5/8" IRON BAR WITH CAP ON THE NORTH LINE OF SAID PARCEL DESCRIBED IN RECORDED INSTRUMENT NO. 8826863; THENCE SOUTH 89 °58'31" WEST, ALONG SAID NORTH LINE A DISTANCE OF 450.01 FEET TO THE "POINT OF BEGINNING ". CONTAINING 54.688 ACRES, MORE OR LESS. and this property which has Tax Key Numbers 23- 1010 -1087; 01- 1010 - 018601 and 01 -1010- 018602 be designated as a Residentially Distressed Area under the provisions of Indiana Code 6- 1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et seq., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1- 12.1, et seq., and South Bend Municipal Code Sections 2 -76, et se q., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION, I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et se q., for tax abatement. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance No. 9394 -03, which was passed on February 10, 2003: A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36 -7 -9; or 0