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C. The areas have experienced a net loss in the number of dwelling units, as <br />documented by census information, local building and demolition permits, or certificates <br />of occupancy, or the areas are owned by Indiana or the United States. <br />OR <br />D. The areas (plus any areas previously designated) do not exceed ten percent (10 %) <br />of the total area within the designating body's jurisdiction. <br />SECTION III. The Common Council also hereby determines and finds the following: <br />A. The deduction will not be allowed unless the dwelling is rehabilitated to meet local <br />code standards for habitability. <br />B. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within Five (5) calendar years from the date of the adoption of the Declaratory <br />Resolution by the Common Council. <br />C. That the description of the proposed redevelopment meets the applicable standards <br />for such development. <br />D. That the estimate of the value of the redevelopment is reasonable for projects of this <br />nature; <br />E. That the other benefits about which information was requested are benefits that can <br />be reasonably expected to result from the proposed described redevelopment; and <br />F. That the totality of benefits is sufficient to justify the requested deduction, all of <br />which satisfy the requirements of Indiana Code 6- 1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating <br />the areas described herein as Residentially Distressed Areas for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is limited to five (5) calendar years <br />from the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br />Bend and Indiana Code 6 -1.1 -12.1 et sea. <br />SECTION VI. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br />�?/VL <br />Member of the Common Councl <br />H:\HOME\MBEIT71N\WP\TAXABATE\ABATFS97\AMERICN4.RES <br />PRESENTED F ,25-97 <br />NOT APPROVAD 2 <br />ci <br />ADOPTW J / <br />=-1 <br />Lonm_ri, d. ©i.iUzl <br />CTY F9K, SO. <br />