Designating Tax Abatement - Garden Homes by E.L. Inc. 3021 W. Calvert St. & 3025 W. Calvert St. (G & M Properties) (5 Year Residential Real Property)

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RESOLUTION NO. 3 4 � 9— bS- 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 3021 WEST CALVERT STREET AND 3025 WEST CALVERT STREET AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR GARDEN HOMES BY E.L., INC. (G & M PROPERTIES) 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 3021 W. Calvert St. and 3025 W. Calvert St., South Bend, Indiana, and which is more particularly described as follows: Street Address: Legal Description: Key Number: 3021 W. Calvert St. West 35 feet of Lot 15 18- 8110 -4143 Richland 1st Addition 3025 W. Calvert St. East 25 feet of Lot 16 18- 8110 -4142 Richland 1st Addition be designated as a Residentially Distressed Area under the provisions of Indiana Code 6- 1.1 -12.1 gt seq., and South Bend Municipal Code Sections 2 -76 et seo., 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 sec ., and South Bend Municipal Code Sections 2 -76, et seq., 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: