Reconfirming Tax Abatement - Gibraltar Home Builders LP. 2316 & 2251 Cranston St. (5 Year Residential Property)

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RESOLUTION NO. A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2316 AND 2251 CRANSTON STREET RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR GIBRALTAR HOME BUILDERS LIMITED PARTNERSHIP 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 2316 and 2251 Cranston Street, South Bend, Indiana, and which are more particularly described as follows: Street Address: 2316 Cranston Street 2251 Cranston Street Legal Description: Lot 30, Staffordshire Lot 40, Staffordshire be designated as a Residentially Distressed Area; and Key Number: 26- 1035- 058912 26 -1035- 058922 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. WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of the Declaratory Resolution as Resolution No. 2663 -98 on August 10, 1998; and WHEREAS, the petitioner has requested an additional period of time to complete construction of the planned project.