Designating Tax Abatement - SFI/LDI Partnership Lots 4-5, 5a, 11-12, 12a, 13, 13a 14-16 Southfield Subdivision Section 1 (5 Year Residential Property)

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RESOLUTION NO. 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 LOTS #4, 5, 5a, 11, 12, 12a, 13, 13a, 14, 15 AND 16 - SOUTHFIELD SUBDIVISION SECTION la AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SFI /LDI PARTNERSHIP 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 Lots #4, 5, 5a, 11, 12, 12a, 13, 13a, 14, 15 and 16 - Southfield Subdivision Section la, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 6304 Cedar Court Lot #4 Southfield Subdivision Section la 23 -1037 -2073* 6303 Cedar Court Lot #5 Southfield Subdivision Section la 6301 Cedar Court Lot #5a Southfield Subdivision Section la 6306 Maple Court Lot #11 Southfield Subdivision Section la 6304 Maple Court Lot #12 Southfield Subdivision Section la 6302 Maple Court Lot #12a Southfield Subdivision Section la 6301 Maple Court Lot #13 Southfield Subdivision Section la 6303 Maple Court Lot #13a Southfield Subdivision Section la 6305 Maple Court Lot #14 Southfield Subdivision Section la 6307 Maple Court Lot #15 Southfield Subdivision Section la 6309 Maple Court Lot #16 Southfield Subdivision Section la (* - the master key number is currently being split and separate key numbers will be assigned to each of the above lots) be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et sM., and South Bend Municipal Code Sections 2 -76 et sea., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1 -12.1, et sM., and South Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. 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 se g., for tax abatement. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance no. 8845 -97, which was passed on December 8, 1997: A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36 -7 -9; or