Confirming Tax Abatement - Rufus & Ursula Chatman 140 Lake St. (5 Year Residential Property)

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RESOLUTION NO. 32-N-03 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 140 LAKE STREET RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR RUFUS AND URSULA CHATMAN 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 140 Lake Street, South Bend, Indiana, and which are more particularly described as follows: Lot 356, Except N 34', 2 "d Plat of LaSalle Park Addition Lot 357, 2nd Plat of LaSalle Park Addition Lot 358, 2nd Plat of LaSalle Park Addition Lot 359, 2"d Plat of LaSalle Park Addition Lot 360, 2"d Plat of LaSalle Park Addition and these properties have Key Numbers 18- 4063 -2353, 18- 4063 -2357, 18 -4063 -2361, 18- 4063 -2365, 18- 4063 -2369, respectively, 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 tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et sea., for tax abatement.