Designating Tax Abatement - G & M Properties 5101 W. Colfax, 125, 129, 133, 137 Kaley, 2645, 2651, 2655 W. Holland, 1708, 1712 S. Taylor 2131 Morris St. (5 Year Residential Property)

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RESOLUTION NO. "� 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 5101 West Colfax, 125, 129, 133, 137 Kaley Street, 2645, 2651, 2655 West Holland Street, 1708, 1712 South Taylor Street, and 2131 Morris 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 5101 West Colfax, 125, 129, 133, 137 Kaley Street, 2645, 2651, 2655 West Holland Street, 1708, 1712 South Taylor Street, and 2131 Morris Street, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 5101 West Colfax Lot 172 Portage Gdn 18- 2224 -8405 125 Kaley Street Lot 1024 & So 1/2 vac alley N 18 -4032 -1153 & adj Summit PI 3rd addn 129 Kaley Street Lot 1025 Summit PI Addn 18- 4032 -1154 133 Kaley Street Lot 1026 Summit PI Addn 18- 4032 -1155 137 Kaley Street Lot 1027 Summit PI Addn 18- 4032 -1156 2645 West Holland Lot 705 & E 1h vac alley 18- 4029 -1044 W & adj Summit PI 3rd Addn 2651 West Holland Lot 703 & E 18.98' Lot 704 18- 4029 - 104601 Summit Place 3rd Addn 2655 West Holland Lot 700 Summit PI 3rd 18 -4029 -1049 1708 South Taylor N 1k Lot 38 So Bend & 18- 8029 -1171 Gary Land Company 1712 South Taylor S 'h Lot 38 So Bend & 18- 8029 -1172 Gary Land Company 2131 Morris Street Lot 23 Sumption Prairie 18- 8061 -2434 Avenue Addition be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et seq., 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 Q., and South Bend Municipal Code Sections 2 -76, et seq., 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 seq., 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: