Designating Tax Abatement - Tiberius Mihalache 3102 & 3108 Northside Blvd (5 Year Residential Property)

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RESOLUTION NO. 3N'5-03 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3102 AND 3108 NORTHSIDE BOULEVARD AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR TIBERIUS MIHALACHE 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 areas commonly known as 3102 and 3108 Northside Boulevard, South Bend, Indiana, and which are more particularly described as follows: Lot Numbered Thirty-four (34) and Thirty-five (35) as shown on the Recorded Plat of Corporan and Duck Subdivision of Lot Numbered Three Hundred and Seventy-eight (378) in Fordham Addition to River Park, now within and a part of the City of South Bend, St. Joseph County, Indiana, recorded in Plat Book 10, page 78, excepting therefrom the Easterly 17 feet of Lot Numbered Thirty-four (34). and this property has Key Numbers 18- 6052 -1722 and 18- 6052 -1723, be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1- 12.1, et seq., and South Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area.