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RESOLUTION NO. � S$ — C)3 <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 />525 ST. VINCENT STREET, 613 CORBY STREET, AND 905 AND 907 ST. <br />LOUIS STREET <br />AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR <br />SOUTH BEND HERITAGE FOUNDATION <br />WHEREAS, a Statement of Benefits and a petition for residential real property tax <br />abatement has been submitted to and filed with the City Clerk for consideration by the <br />Common Council of the City of South Bend, Indiana requesting that the areas commonly <br />known as 525 St. Vincent Street, 613 Corby Street, and 905 and 907 St. Louis Street, South <br />Bend, Indiana, and which are more particularly described as follows: <br />Street Address: Legal Description: Key Number: <br />525 St. Vincent Street SE Cor E'' /2 Lot 144, Sorin's 2nd Add. 18 -5110 -3921 <br />613 Corby Street W %2 Lot 12, Fogarty's Sub of Lot 149 18 -5108 -3846 <br />905 St. Louis Street S %2 Lot 11, Fogarty's Sub of Lot 149 18 -5108 -3845 <br />907 St. Louis Street N %2 Lot 11, Fogarty's Sub of Lot 149 18 -5108 -3844 <br />be designated as a Residentially Distressed Area under the provisions of Indiana Code 6- <br />1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., 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- <br />1.1 -12.1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further <br />prepared maps and plats showing the boundaries and such other information regarding the <br />area in 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 />