Designating Tax Abatement - SFI/LDI Partnership Lots 103-104, 106-108, 110-115 Southfield Subdivision Section 2 (5 Year Residential Property)

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RESOLUTION NO. �J ply- S 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 #103, 104, 106, 107, 108, 1109 111, 112, 113, 114 and 115 SOUTHFIELD SUBDIVISION SECTION 2 AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SFULDI 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 #103, 104, 106, 107, 108, 110, 111, 112, 113, 114 and 115 - Southfield Subdivision Section 2, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 6410 Cedar Trail Lot #103 Southfield Subdivision Section 2 23 -1037 -2073* 6412 Cedar Trail Lot #104 Southfield Subdivision Section 2 6423 Cedar Trail Lot #106 Southfield Subdivision Section 2 6422 Cedar Trail Lot #107 Southfield Subdivision Section 2 6420 Cedar Trail Lot #108 Southfield Subdivision Section 2 6415 Cedar Trail Lot #110 Southfield Subdivision Section 2 6413 Cedar Trail Lot #111 Southfield Subdivision Section 2 6411 Cedar Trail Lot #112 Southfield Subdivision Section 2 6409 Cedar Trail Lot #113 Southfield Subdivision Section 2 6407 Cedar Trail Lot #114 Southfield Subdivision Section 2 6405 Cedar Trail Lot #115 Southfield Subdivision Section 2 (* - the master key number is currently being split and separate key numbers will be assigned to each of the above addresses /lots) be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et sue., 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 SeMc ., 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 sue., 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