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RESOLUTION NO. <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 />LOTS #1039 1049 106, 107, 1089 1109 1119 1129 1139 114 and 115 <br />SOUTHFIELD SUBDIVISION SECTION 2 <br />RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A <br />FIVE (5) YEAR RESIDENTIAL <br />REAL PROPERTY TAX ABATEMENT FOR <br />SFI /LDI PARTNERSHIP <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 Lots #103, 104, <br />106, 107, 108, 110, 111, 112, 113, 114 and 115 - Southfield Subdivision Section 2, South Bend, <br />Indiana, and which are more particularly described as follows: <br />Street Address <br />Legal Description Key Number <br />6410 Cedar Trail <br />Lot #103 Southfield Subdivision Section 2 23 -1037 -2073* <br />6412 Cedar Trail <br />Lot #104 Southfield Subdivision Section 2 <br />6423 Cedar Trail <br />Lot #106 Southfield Subdivision Section 2 <br />6422 Cedar Trail <br />Lot #107 Southfield Subdivision Section 2 <br />6420 Cedar Trail <br />Lot #108 Southfield Subdivision Section 2 <br />6415 Cedar Trail <br />Lot #110 Southfield Subdivision Section 2 <br />6413 Cedar Trail <br />Lot #111 Southfield Subdivision Section 2 <br />6411 Cedar Trail <br />Lot #112 Southfield Subdivision Section 2 <br />6409 Cedar Trail <br />Lot #113 Southfield Subdivision Section 2 <br />6407 Cedar Trail <br />Lot #114 Southfield Subdivision Section 2 <br />6405 Cedar Trail <br />Lot #115 Southfield Subdivision Section 2 <br />(* - the master key number is currently being split and separate key numbers will be assigned <br />to each of the above addresses /lots) <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 area <br />have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br />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 />Code 6 -1.1 -12.1 et sea., for tax abatement. <br />SECTION II. The Common Council hereby determines and finds that the area meets one of <br />the following conditions as formally established in Ordinance no. 8845 -97, which was passed <br />on December 8, 1997: <br />A. The area is comprised of parcels that are either unimproved or contain only one <br />(1) or two (2) family dwellings designed for up to four (4) families, including accessory <br />buildings for those dwellings; or <br />