Designating Tax Abatement - Alliance Assocites - Lot 1 Ferndale Sub &. Lots 2-6, 10-11, 13, 16, 19-25 Lilac Trails Sub (5 Year Real Property)

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RESOLUTION NO. Z L j 9- I b A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOT 1 FERNDALE SUBDIVISION, AND LOTS 29 39 4, 59 69 10, 119 139 169 199 209 21, 229 239 24, 25 LILAC TRAILS SUBDIVISION RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR ALLIANCE ASSOCIATES (an Indiana 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 Lot 1 Ferndale Subdivision, and Lots 2, 3, 4, 5, 6, 10, 11, 13, 16, 19, 20, 21, 22, 23, 24, 25 Lilac Trails Subdivision, South Bend, Indiana, and which are more particularly described as follows: 1770 Lilac Trails Ct. Lot 1 Ferndale 25- 1014- 023804 1802 Lilac Trails Ct. Lot 2 Lilac Trails 25- 1014 - 023807 1810 Lilac Trails Ct. Lot 3 Lilac Trails 25- 1014 - 023809 1818 Lilac Trails Ct. Lot 4 Lilac Trails 25- 1014- 023810 1826 Lilac Trails Ct. Lot 5 Lilac Trails 25-1014-023811 1904 Lilac Trails Ct. Lot 6 Lilac Trails 25 -1014- 023812 1937 Lilac Trails Ct. Lot 10 Lilac Trails 25 -1014- 023816 1945 Lilac Trails Ct. Lot 11 Lilac Trails 25- 1014- 023817 1961 Lilac Trails Ct. Lot 13 Lilac Trails 25- 1014 - 023819 1942 Lilac Trails Ct. Lot 16 Lilac Trails 25- 1014 - 023822 1811 Lilac Trails Ct. Lot 19 Lilac Trails 25- 1014 - 023825 4239 Ferndale Dr. Lot 20 Lilac Trails 25 -1014- 023826 4303 Ferndale Dr. Lot 21 Lilac Trails 25- 1014- 023827 4311 Ferndale Dr. Lot 22 Lilac Trails 25- 1014- 023828 4310 Ferndale Dr. Lot 23 Lilac Trails 25- 1014- 023829 4302 Ferndale Dr. Lot 24 Lilac Trails 25- 1014 - 023830 4238 Ferndale Dr. Lot 25 Lilac Trails 25- 1014- 023831 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 11. 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: