Designating Tax Abatement - Lincoln Park Development LLC (5 Year Residential Real Property)

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412 Cushing- the North '/z of lot 6 Heintzman's Addition 22, 23, 24) 417 Cushing and 403 Cushing South Bend IN Parcel ID: 417 Cushing- 18- 1028 -1249 403 Cushing -18- 1028 -1252 Legal Description: 417 Cushing — the South % Llot 15, Heintzman's Addition 403 Cushing - lot 16 and 17 Heintzmans addition and this property has Tax Key Numbers 018 - 1029 -1276, 018-1029-1278,018-1030-1345,018- 1030-1344, 018-1030-1343, 018-1029-1281, 018-1030-1281.01, 018-1033-1449, 018-1033- 1447, 018-1030-1334, 018-1030-1333, 018-1030-1332, 018-1034-1499, 018-1034-1497, 018- 1034-1497.02; 018-1034-1498, 018-1034-1498.02, 018-1034-1490, 018-1034-1480, 018-1030- 1311, 018-1030-1329, 018-1030-1327, 018-1030-1326, 018-1028-1254, 018-1028-1253, 018- 1028-1266, 018 - 1028 -1265, 018 - 1028 -1249, and 018 - 1028 -1252 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 Investment 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 sM., and South Bend Municipal Code Sections 2 -76, et se g., 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 Investment 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 seq., 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 I]