Designating Tax Abatement - City of South Bend Board of Public Works & American Home Dreams, Inc. 138, 701 & 705 Broadway (5 Year Residential Property)

Home Browse Search

RESOLUTION NO. M g 5 -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 138, 701, and 705 BROADWAY AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR CITY OF SOUTH BEND BOARD OF PUBLIC WORKS, AND AMERICAN HOME DREAMS, 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 138, 701, and 705 Broadway, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 138 Broadway Lot 28A of American Home Dreams 18- 7025 -1042 3rd Replat 701 Broadway Lot 184A of American Home Dreams 18- 7016 -0633 4'h Replat 705 Broadway Lot 185A of American Home Dreams 18- 7016 -0635 4 " Replat 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 sM., and South Bend Municipal Code Sections 2 -76, et se g., 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.