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RESOLUTION NO. ( qi <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />1259 1279 133, 1379 201, 209, 2299 235, 243 AND <br />301 EAST BROADWAY STREET <br />AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A <br />FIVE (5) YEAR REAL PROPERTY <br />RESIDENTIAL TAX ABATEMENT FOR <br />AMERICAN HOME DREAMS, INC. <br />WHEREAS, a Statement of Benefits and a petition for real property tax abatement has been <br />submitted to and filed with the City Clerk for consideration by the Common Council of the City of <br />South Bend, Indiana requesting that the areas commonly known as 125, 127, 133, 137, 201, 209, <br />229, 235, 243 and 301 East Broadway Street, South Bend, Indiana, and which are more particularly <br />described as follows: <br />Street Address <br />125 E. Broadway St. <br />127 E. Broadway St. <br />133 E. Broadway St. <br />137 E. Broadway St. <br />201 E. Broadway St. <br />209 E. Broadway St. <br />229 E. Broadway St. <br />235 E. Broadway St. <br />243 E. Broadway St. <br />301 E. Broadway St. <br />Legal Description <br />Key Number <br />Part of lots 18 & 19, Haney's Add <br />18- 7026 -1033 & 18- 7026 -1032 <br />Part of lots 19 & 20, Haney's Add <br />18- 7026 -1032 & 18- 7026 -1031 <br />Part of lots 20 & 21, Haney's Add <br />18- 7026 -1031 & 18- 7026 -1030 <br />Part of lots 21 & 22, Haney's Add <br />18- 7026 -1030 & 18- 7026 -1029 <br />Part of lots 63 & 64, Haney's Add <br />18- 7025 -0998 & 18- 7026 -0997 <br />Part of lots 64 & 65, Haney's Add <br />18- 7025 -0997 & 18- 7026 -0996 <br />Part of lots 70 & 71, Haney's Add <br />18- 7025 -0991 & 18- 7026 -0990 <br />Part of lots 71, 72 & 73, Haney's Add <br />18- 7025 -0990 & 18- 7026 -0989 <br />and 18- 7025 -0988 & 18- 7025- 0988.01 <br />Lot 73, Haney's Add <br />18- 7025 -0988 & 18 -7026- 0988.01 <br />Lot 326, Wenger &Kreighbaum,lst Add <br />18- 7013 -0496 & 18- 7013 - 0496.01 <br />be designated as Residentially Distressed Areas under the provisions of Indiana Code 6 -1.1 -12.1 et <br />seg., and South Bend Municipal Code Sections 2 -76 et sea., and; <br />WHEREAS, the Department of Community and Economic Development has concluded an <br />investigation and prepared a report with information sufficient for the Common Council to determine <br />that the areas qualify as Residentially Distressed Areas under Indiana Code 6 -1.1 -12.1, et M., and <br />South Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and plats showing <br />the boundaries and such other information regarding the areas in question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of the Common Council has <br />reviewed said report and recommended to the Common Council that the areas qualify as Residentially <br />Distressed Areas. <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 property <br />tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 <br />et sea., for tax abatement. <br />SECTION H. The Common Council hereby determines and finds that the areas herein are found to <br />meet state law requirements more particularly set forth in Indiana Code 6 -1.1- 12.1 -2 and the <br />Common Council hereby makes the following additional findings for the areas listed herein: <br />A. A significant number of dwelling units within the areas are not permanently occupied <br />or a significant number of parcels in the areas are vacant land; <br />OR <br />B. A significant number of dwelling units in the areas are: <br />i. the subject of an order issued under IC 36 -7 -9; or <br />