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RESOLUTION NO. C)6 0 <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />1911, 1915, 1919, and 1923 S. WALNUT STREET and <br />416 and 420 S. KENMORE STREET <br />RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL REAL PROPERTY <br />TAX ABATEMENT FOR <br />PHOENIX DEVELOPMENT <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br />Declaratory Resolution designating certain areas within the City as Residentially Distressed <br />Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as 1911, 1915, <br />1919, and 1923 S. Walnut Street and 416 and 420 S. Kenmore, South Bend, Indiana, and <br />which are more particularly described as follows: <br />ADDRESSES <br />LEGAL DISCRIPTION <br />TAX KEY # <br />1911 S. Walnut St. <br />Lot 38 Swygarts 5th Addition <br />18- 8062 -2461 <br />1915 S. Walnut St. <br />Lot 39 Swygarts 5th Addition <br />18- 8062 -2462 <br />1919 S. Walnut St. <br />Lot 40 Swygarts 5th Addition <br />18- 8062 -2463 <br />1923 S. Walnut St. <br />Lot 41 Swygarts 5th Addition <br />18- 8062 -2464 <br />416 S. Kenmore <br />Lot 23 Lincoln Park 1 st Addition <br />18- 4076 -2771 <br />420 S. Kenmore <br />Lot 24 Ex 2'x62' NE Cor <br />18- 4076 -2769 <br />Lincoln Park 1 st Add <br />as a Residentially Distressed Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before <br />the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances <br />and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for a residentially distressed <br />area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the petition for real <br />property tax abatement and the Statement of Benefits form meet the requirements of Indiana <br />