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

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RESOLUTION NO. 3 S O � - 0.�- A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION 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, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated 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: Le2al 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 et seq., and South Bend Municipal Code Sections 2 -76 et seq., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met.