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RESOLUTIONNO. 3191-03 <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 />2701 NORTHSIDE BOULEVARD <br />AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR <br />TIBERIUS MIHALACHE <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 areas commonly known as 2701 <br />Northside Boulevard, South Bend, Indiana, and which are more particularly described as <br />follows: <br />Lot Numbered Thirty (30) as shown on the Recorded Plat of Twin City Realty's <br />Subdivision of Lot "C" in the First Subdivision of River Park, now within and a part of <br />the City of South Bend, excepting therefrom that part thereof conveyed to the town of <br />River Park for Street Purposes. <br />and this property has Key Number 18- 6041 -1313, be designated as a Residentially Distressed <br />Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal <br />Code Sections 2 -76 et seq., 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 sue., 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 <br />Council has reviewed said report and recommended to the Common Council that the area <br />qualifies as a Residentially Distressed Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />