Designating Tax Abatement - G & M Properties 1059 Portage Ave, 814 S. Falcon St and 310 & 312 S. Liberty St. (5 Year Residential Property)

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RESOLUTION NO. 1 `+O -1 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 1059 Portage Avenue, 814 South Falcon Street, and 310 and 312 South Liberty Street AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR G & M Properties 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 1059 Portage Avenue, 814 South Falcon Street, and 310 and 312 South Liberty Street, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 1059 Portage Avenue Lot 14 Bulla & Patton 18- 1073 -3080 814 South Falcon Lot 162 Belleville 1st 18 -4075 -2739 310 South Liberty Street So 14' Lot 42 & all of 18 -4054 -1969 Lot 43 LaSalle Park Addn 312 South Liberty Street Lot 44 LaSalle Park 18 -4054 -1972 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 SeMc ., and South Bend Municipal Code Section 2 -76, et seg., 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: 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.