Confirming Tax Abatement - SFI/LDI Partnership Lots 8-10, 16-17, 31-32 Southfield Subdivision Section 1 (5 Year Residential Property)

Home Browse Search

RESOLUTION NO. �5 b' / D A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOTS #89 99 10, 16, 179 31 AND 32- SOUTHFIELD SUBDIVISION SECTION 1 RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SFI /LDI PARTNERSHIP WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as Lots #8, 9, 10, 16, 17, 31, 32 - Southfield Subdivision Section 1, South Bend, Indiana, and which are more particularly described as follows: Street Address Legal Description Stone Court* Lot #8 Southfield Subdivision Section 1 Stone Court* Lot #9 Southfield Subdivision Section 1 Stone Court* Lot #10 Southfield Subdivision Section 1 Stone Trail* Lot #16 Southfield Subdivision Section 1 Stone Trail* Lot #17 Southfield Subdivision Section 1 Stone Trail* Lot #31 Southfield Subdivision Section 1 Stone Trail* Lot #32 Southfield Subdivision Section 1 * - street addresses are currently being determined for the above lots) as a Residentially Distressed Area; and Key Number 23- 1058 -3391 23- 1058 -3392 23- 1058 -3393 23- 1058 -3399 23- 1058 -3400 23 -1058 -3414 23 -1058 -3413 WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. 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 sea., 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 ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6- 1.1 -24 and IC 6- 1.1 -25; or ii. are owned by a unit of local government; or