Confirming Tax Abatement - South Bend Heritage Foundation, Inc. 1309, 1325, 1329, 1405, & 1408 W. Washington St. (5 Year Residential Property)

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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. SECTIONIL The Common Council hereby determines and finds that the area meets one ofthe following conditions as formally established in Ordinance no. 8845 -97, which was passed on December 8, 1997. A. The area is comprised ofparcels 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: 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 ofdwelling units within the area are notpermanently occupied or a significant number ofparcels in the area are vacant land; or E. A significant number of dwelling units within the area are: 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 ofdwelling units, as documented by census information, local building and demolition permits, or certificates ofoccupancy, or the areas are owned by Indiana or the United States, or G. The area (plus any areaspreviously designatedunder this subsection) willnot exceed ten percent (10 %) of the total area within the Council's jurisdiction. SECTIONIII. 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 oflndiana 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.