Designating Tax Abatement - G & M Properties Various Addresses on S. Prospect St. and W. Colfax St. (5 Year Residential Property)

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RESOLUTION NO. a 03- l b 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 2101, 2107, 2111, 2114, 2117, 2122, 2123, 2204, 2205, 2210, 2213, 2214, 2219, 2222, 2225, 2226, 2231, 2232, 2238 SOUTH PROSPECT STREET and 5045 and 5051 WEST COLFAX 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 2101, 2107, 2111, 2114, 2117, 2122, 2123, 2204, 2205, 2210, 2213, 2214, 2219, 2222, 2225, 2226, 2231, 2232, 2238 South Prospect Street and 5045 and 5051 West Colfax Street, South Bend, Indiana, and which is more particularly described as follows: Street Address 2114 South Prospect Street 2122 South Prospect Street 2204 South Prospect Street 2210 South Prospect Street 2214 South Prospect Street 2222 South Prospect Street 2226 South Prospect Street 2232 South Prospect Street 2238 South Prospect Street 2101 South Prospect Street 2107 South Prospect Street 2111 South Prospect Street 2117 South Prospect Street 2123 South Prospect Street 2205 South Prospect Street 2213 South Prospect Street 2219 South Prospect Street 2225 South Prospect Street 2231 South Prospect Street 5045 West Colfax Street 5051 West Colfax Street Legal Description Lot 300A Homeland 1st Re Lot 302A Homeland 1st Re Lot 303A Homeland 1st Re Lot 305 Homeland 1st Re Lot 306 Homeland 1st Re Lot 307A Homeland 1st Re Lot 309A Homeland 1st Re Lot 310A Homeland 1st Re Lot 311A Homeland 1st Re Lot 330A Homeland 1st Re Lot 329A Homeland 1st Re Lot 327A Homeland 1st Re Lot 326A Homeland 1st Re Lot 325A Homeland 1st Re Lot 323A Homeland 1st Re Lot 322A Homeland 1st Re Lot 320A Homeland 1st Re Lot 319A Homeland 1st Re Lot 317A Homeland 1st Re Lot 175 -76 Portage Gardens Lot 173 -74 Portage Gardens Key Number 18- 8107 -4043 18- 8107 -4045 18- 8107 -4046 18- 8107 -4048 18- 8107 -4049 18- 8107 -4050 18- 8107 -4052 18- 81074053 18- 8107 -4056 18- 8108 -4091 18- 8108 -4092 18- 8108 -4094 18- 8108 -4095 18- 8108 -4096 18- 8108 -4098 18- 8108 -4099 18- 8108 -4101 18- 8108 -4102 18- 8108 -4104 18- 2224 -8407 18- 2224 -8406 be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et se( j., and South Bend Municipal Code Sections 2 -76 et sea., and;