Designating Tax Abatement - Garden Homes by E.L. 4374 Foxfire Dr, 4131 Greenglade Ct and 4308 Cross Creek Dr. (5 Year Real Property)

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RESOLUTION NO. 3 0 �O� — U— 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 4374 FOXFIRE DRIVE, 4131 GREENGLADE COURT and 4308 CROSS CREEK DRIVE AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR GARDEN HOMES BY E.L., INC. 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 4374 Foxfire Drive, 4131 Greenglade Court and 4308 Cross Creek Drive, South Bend, Indiana, and which is more particularly described as follows: Street Address: Legal Description: Key Number: 4374 Foxfire Drive Lot 264 Cross Creek 25 -1010- 036579 4131 Greenglade Court Lot 77 Cross Creek 25 -1010- 036887 4308 Cross Creek Drive Lot 130 Cross Creek 25- 1010 - 036855 be designated as a Residentially Distressed Area under the provisions of Indiana Code 6- 1.1 -12.1 et seq., 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 seq., 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. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: