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RESOLUTION NO. 3 Z2 o -03 <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />1105 ST. PETER STREET <br />AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR <br />JOHN M. AND ERIN L. RYAL <br />WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement <br />has been submitted to and filed with the City Clerk for consideration by the Common Council <br />of the City of South Bend, Indiana requesting that the area commonly known as 1105 St. Peter <br />Street South Bend, Indiana, and which is more particularly described as follows: <br />Lots numbered sixty -three (63) and sixty- four(64) as shown on the recorded Plat of Sorin's <br />second addition to the town of Lowell, now within and a part of the City of South Bend, <br />recorded July 27, 1860 in Plat Book 1, page 10 in the Office of the Recorder of St. Joseph <br />County, Indiana, together with the East Half of a vacated alley lying West of a adjacent said <br />lots. <br />and which has Key Number 18 -5104 -3621 and 18 -5104 -3622, as an Economic Revitalization <br />Area; and be designated as a Residentially Distressed Area under the provisions of Indiana Code <br />6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and; <br />WHEREAS, the Department of Community and Economic Development has concluded an <br />investigation and prepared a report with information sufficient for the Common Council to <br />determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1- <br />12.1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared <br />maps and plats showing the boundaries and such other information regarding the area in <br />question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of the Common Council <br />has reviewed said report and recommended to the Common Council that the area qualifies as <br />a Residentially Distressed Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />