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HomeMy WebLinkAboutDesignating Tax Abatement - First Federal Savings Bank Royal Oak Estates - Sections 2 & 3 (5 Year Residential Property)RESOLUTION 3922-08 Passed by the Common Council of the City of South Bend, Indiana November 10, 2008 Attest: City Clerk President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana November 12, 20 08 Approved and signed by me November 12 20 ~ 8 City Clerk RESOLUTION NO. 3 9 ?--2- OR' A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS ROYAL OAK ESTATES -SECTIONS 2 & 3 A certain 43 undeveloped, single family lots located south of Johnson Road and % mile west of Miami Road AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5} FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR FIRST FEDERAL SAVINGS BANK WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement have been submitted to and filed with the City-Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as Tax Key Number Lot Number Property Address Section 2 23-1018-0381.57 100 747 Pulling St. 23-1018-0381.58 101 765 Pulling St. 23-1018-0381.59 102 773 Pulling St. 23-1018-0381.63 106 5919 Boxwood Dr. E. 23-1018-0381.65 108 5859 Boxwood Dr. E. 23-1018-0381.67 110 5835 Boxwood Dr. E. 23-1018-0381.68 111 5809 Boxwood Dr. E. 23-1018-0381.69 112 5777 Boxwood Dr. E. Section 3 23-1018-0381.88 48 535 Yoder St. 23-1018-0381.89 49 523 Yoder St. 23-1018-0381.90 50 520 Yoder St. 23-1018-0381.91 51 546 Yoder St. or 5745 Buckhorn Dr. 23-1018-0381.93 53 525 Dice St. 23-1018-0381.94 54 522 Dice St. 23-1018-0381.95 55 528 Dice St. or 5813 Buckhorn Dr. 23-1018-0381.96 56 527 Dice St. or 5907 Buckhorn Dr. 23-1018-0381.97 57 521 Pulling St. 23-1018-0381.98 58 524 Pulling St. 23-1018-0381 59 530 Dice St. or 5929 Buckhorn Dr. 23-1018-0382.01 61 514 Gillmer St. 23-1018-0382.02 62 522 Gillmer St. 23-1018-0382.04 64 6006 Buckhorn Dr. 23-1018-0382.05 65 612 Pulling St. or 5930 Buckhorn Dr. 23-1018-0382.09 69 727 Pulling St. 23-1018-0382.10 70 625 Pulling St. 23-1018-0382.11 71 615 Pulling St. 23-1018-0382.14 74 616 Dice St. 23-1018-0382.15 75 622 Dice St. 23-1018-0382.16 99 708 Dice Ct. 23-1018-0382.26 89 715 Dice Ct. 23-1018-0382.24 91 727 Dice Ct. 23-1018-0382.23 92 733 Dice Ct. 23-1018-0382.22 93 737 Dice Ct. 23-1018-0382.21 94 740 Dice Ct. 23-1018-0382.20 95 734 Dice Ct. 23-1018-0382.29 78 5722 Yellow Wood Dr. 23-1018-0382.31 80 5721 Yellow Wood Dr. 23-1018-0382.32 81 5727 Yellow Wood Dr. 23-1018-0382.35 84 615 Dice St. or 5748 Buckhorn Dr. 23-1018-0382.36 85 5742 Buckhorn Dr. 23-1018-0382.37 86 5736 Buckhorn Dr. 23-1018-0382.38 87 5730 Buckhorn Dr. 23-1018-0382.39 88 5724 Buckhorn Dr. all in Royal Oak Estates -Sections 2 and 3, South Bend, Indiana, and which is more particularly described as follows: LEGAL DESCRII'TION: ROYAL OAK ESTATES, SECTIONS TWO & THREE A PART OF THE NORTHEAST AND SOUTHEAST QUARTER OF SECTION 36, TOWNSHIP 37 NORTH, RANGE 2 EAST, CENTRE TOWNSHIP, ST. JOSEPH COUNTY, INDIANA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: LOTS NUMBERED 48, 49, 50, 51, 53, 54, 55, 56, 57, 58, 59, 61, 62, 64, 65, 69, 70, 71, 74, 75, 78, 80, 81, 84, 85, 86, 87, 88, 89, 91, 92, 93, 94, 95, & 99, AS SHOWN ON THE RECORDED PLAT OF ROYAL OAK ESTATES, SECTION 3, RECORDED OCTOBER 17, 2003 IN THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA, UNDER INSTRUMENT NUMBER 0367824. LOTS NUMBERED OUTLOT A, 100, 101, 102, 106, 108, 110, 111 & 112, AS SHOWN ON THE RECORDED PLAT OF ROYAL OAK ESTATES, SECTION 2, RECORDED JANUARY 22, 2003 1N THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA, UNDER INSTRUMENT NUMBER 0303821. SUBJECT TO EASEMENT, COVENANTS AND RESTRICTION OF RECORD. and these lots which have individual tax key numbers as shown in the table above, and excepting Outlot A included in the above legal description, 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 sea., 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 sew., and South Bend Municipal Code Sections 2-76, et se ., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required bylaw; 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 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 ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; or ii. are owned by a unit of local government; or D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or, G. The area (plus any areas previously designated under this subsection) will not exceed ten percent (10%) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby determines and finds that the proposed described redevelopment can be reasonably expected to yield benefits identified in the Statement of Benefits and the petition for real property tax abatement consideration and that the Statement of Benefits form prescribed by the State Boazd of Accounts are sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. SECTION V. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee., that the area herein described be designated as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a Residentially Distressed Area for purposes of real property tax abatement. SECTION VI. The designation as a Residentially Distressed Area shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all local code standards for habitability as a specific condition of having such property designated as a residentially distressed area. SECTION X. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. ~~ Member e Common Counci PKESENTED ~ ~ -~~ ~ O~ NOT APPROVED ~+ Filed in Clerk's ®fflce NOV - q. 2008 JDHt! VOORDE CITY ClE~1K, 50. BEND, iN. TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 08-101 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS ROYAL OAK ESTATES -SECTIONS 2 & 3, A CERTAIN 43 UNDEVELOPED, SINGLE FAMILY LOTS LOCATED SOUTH OF JOHNSON ROAD AND '/4 MILE WEST OF MIAMI ROAD AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAXABATEMENTFQR FIRST FEDERAL SAVINGS BANK Respectfully report that they have examined the matter and that in their opinion, this bill is being recommended to the full Council with a favorable recommendation. Oliver Davis Chairperson, Committee of the Whole