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RESOLUTION NO. Z �— O <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />138, 701, and 705 BROADWAY <br />RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR <br />CITY OF SOUTH BEND BOARD OF PUBLIC WORKS, <br />AND AMERICAN HOME DREAMS, INC. <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br />Declaratory Resolution designating certain areas within the City as Residentially Distressed <br />Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as 138, 701, and <br />705 Broadway, South Bend, Indiana, and which are more particularly described as follows: <br />Street Address <br />Legal Description <br />Key Number <br />138 Broadway <br />Lot 28A of American Home Dreams <br />18- 7025 -1042 <br />3rd Replat <br />701 Broadway <br />Lot 184A of American Home Dreams <br />18- 7016 -0633 <br />4d' Replat <br />705 Broadway <br />Lot 185A of American Home Dreams <br />18- 7016 -0635 <br />411 Replat <br />as a Residentially Distressed Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before <br />the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances <br />and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for a residentially distressed <br />area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />