Designating Tax Abatement - ROJO Development 4018, 4026 & 4034 Cherry Pointe Dr. (5 Year Residential Property)

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RESOLUTION NO. 3111- b). 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 40189 4026 AND 4034 CHERRY POINTE DRIVE AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR ROJO DEVELOPMENT 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 area commonly known as 4018, 4026 and 4034 Cherry Pointe Drive South Bend, Indiana, and which is more particularly described as follows: Street Address: Legal Description: Key Number: 4018 Cherry Pointe Drive Lot 42 Harvest Pointe Subdivision 25- 1013 - 020802* 4026 Cherry Pointe Drive Lot 43 Harvest Pointe Subdivision 25- 1013 - 020802* 4034 Cherry Pointe Drive Lot 44 Harvest Pointe Subdivision 25- 1013 - 020802* (* - the master key number is currently being split and separate key numbers will be assigned to each of the above addresses /lots). 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.