Confirming Tax Abatement - Tiberius Mihalache 2701 Northside Blvd. (5 Year Residential Property)

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RESOLUTION NO. 3 f f l —(0 3 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2701 NORTHSIDE BOULEVARD RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR TIBERIUS MIHALACHE WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2701 Northside Boulevard, South Bend, Indiana, and which are more particularly described as follows: Lot Numbered Thirty (30) as shown on the Recorded Plat of Twin City Realty's Subdivision of Lot "C" in the First Subdivision of River Park, now within and a part of the City of South Bend, excepting therefrom that part thereof conveyed to the town of River Park for Street Purposes. and this property has Key Number 18- 6041 -1313, 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