Confirming Tax Abatement - Joseph S & Sandra K Panzica 6146 Bridgeton (5 Year Residential Property)

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RESOLUTION NO. S303-0 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOL UTION DESIGNA TING CERTAIN AREAS WITHIN THE CITY OF SOUTHBEND, INDIANA, COMMONLYKNOWNAS 6146 BRIDGETON AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR JOSEPH S. & SANDRA K. PANZICA WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement has 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 6146 Bridgeton, South Bend, Indiana, and which is more particularly described as follows: Lot #24 Kensington Farms, Sec 4, Part II and with Key Number 23- 1051 -3273 , be designated as a Residentially Distressed Area; 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. 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 sea., 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. 8845 -97, which was passed on December 8, 1997: