Confirming Tax Abatement - G & M Properties 1059 Portage Ave, 814 S. Falcon St and 310 & 312 S. Liberty St

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RESOLUTION NO. 2 TAB - � A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION 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 RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR G & M Properties 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 1059 Portage Avenue, 814 South Falcon Street, and 310 and 312 South Liberty Street, South Bend, Indiana, and which are more particularly described as follows: Street Address Legal Description 1059 Portage Avenue Lot 14 Bulla & Patton 814 South Falcon Lot 162 Belleville 1st 310 South Liberty Street So 14' Lot 42 & all of Lot 43 LaSalle Park Addn 312 South Liberty Street Lot 44 LaSalle Park as a Residentially Distressed Area; and Key Number 18- 1073 -3080 18 -4075 -2739 18 -4054 -1969 18 -4054 -1972 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.