Confirming Tax Abatement - Beeler & Brown Properties, LLC and Davey, LLC Lots 1-41 Harvest Pointe Subdivision (5 Year Residential Property)

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4426 Whitefeather Drive 4418 Whitefeather Drive 4410 Whitefeather Drive 4402 Whitefeather Drive or 4001 Cherry Pointe Drive ** 4002 Cherry Pointe Drive 4010 Cherry Pointe Drive 4018 Cherry Pointe Drive 4026 Cherry Pointe Drive Lot #34 Harvest Pointe Subdivision Lot #35 Harvest Pointe Subdivision Lot #36 Harvest Pointe Subdivision Lot #37 Harvest Pointe Subdivision Lot #38 Harvest Pointe Subdivision Lot #39 Harvest Pointe Subdivision Lot #40 Harvest Pointe Subdivision Lot #41 Harvest Pointe Subdivision (* - the master key number is currently being split and separate key numbers will be assigned to each of the above addresses /lots). ( ** designates corner lots which may have one or the other street address listed). as a Residentially Distressed Area; and 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 H. 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 D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36 -7 -9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or G. The area (plus any areas previously designated under this subsection) will not exceed ten percent (10 %) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and FA