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RESOLUTION NO. Q666'99 <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />2918 and 2924 Elwood, 2516 Bergan Street, 2005 and 2045 Meade Street, <br />and 1350 Bissell <br />AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL REAL <br />PROPERTY TAX ABATEMENT FOR <br />VALUE PLUS CONSTRUCTION, INC. <br />WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement <br />has been submitted to and filed with the City Clerk for consideration by the Common <br />Council of the City of South Bend, Indiana requesting that the area commonly known as <br />2918 and 2924 Elwood, 2516 Bergan Street, 2005 and 2045 Meade Street, and 1350 Bissell, <br />South Bend, Indiana, and which is more particularly described as follows: <br />Street Address <br />Legal Description <br />Key Number <br />2918 Elwood* <br />Lot 149 Lincoln Terrace Plat <br />18- 2041 -1412 <br />Lot 150 Lincoln Terrace Plat <br />18 -2041 -1411 <br />2924 Elwood* <br />Lot 151 Lincoln Terrace Plat <br />18 -2041 -1410 <br />Lot 152 Lincoln Terrace Plat <br />18 -2041 -1409 <br />2516 Bergan Street <br />Lot 549 Vernon Heights Add. <br />18- 2096 -3601 <br />2005 Meade Street <br />Lot 525 Vernon Heights Add. <br />18- 2095 -3579 <br />2045 Meade Street <br />Lot 520 Vernon Heights Add. <br />18- 2095 -3562 <br />1350 Bissell* <br />Lot 78 Park Place Second Plat <br />18 -5086 -3063 <br />Lot 23 No. Sunnyside 2nd Add. 18 -5086 -3076 <br />(* Two lots will be combined into one buildable lot) <br />be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1- <br />12.1 et se o., and South Bend Municipal Code Sections 2 -76 et sea., and; <br />WHEREAS, the Department of Community and Economic Development has concluded an <br />investigation and prepared a report with information sufficient for the Common Council to <br />determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6- <br />1.1 -12.1, et SeMc ., and South Bend Municipal Code Sections 2 -76, et sea., and has further <br />prepared maps and plats showing the boundaries and such other information regarding the <br />area in question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of the Common Council <br />has reviewed said report and recommended to the Common Council that the area qualifies as <br />