Confirming Tax Abatement - Neighborhood Housing Services of South Bend, Inc. 1129 Sorin St & 1130 Sorin St (5 Year Residentail Property)

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RESOLUTION NO. 21 S 1 ` 1 \ A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1129 SORIN STREET AND 1130 SORIN STREET AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR NEIGHBORHOOD HOUSING SERVICES OF SOUTH BEND, 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 1129 Sorin St. and 1130 Sorin St., South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 1130 Sorin Street Lot 8 Park Place 1st Addition 18 -5082 -2858 1129 Sorin Street Lot 49 Park Place 2nd Addition 18 -5084 -2998 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 seo., for tax abatement.