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

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RESOLUTION NO. 3 ©q - w2 A RESOLUTION CONFIRNIING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4374 FOXFIRE DRIVE, 4131 GREENGLADE COURT and 4308 CROSS CREEK DRIVE RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR GARDEN HOMES BY E.L., INC. 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 4374 Foxfire Drive, 4131 Greenglade Court and 4308 Cross Creek Drive, South Bend, Indiana, and which are 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; 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.