Confirming Tax Abatement - Bob Luan d/b/a BL Builders 2200 Block of S. Meade St., 2100 Block of W. Indiana Ave., 1600 Block of S. Phillipa St. (5 Year Real Property)

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documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States. D. The areas (plus any areas previously designated) do not exceed ten percent (10 %) of the total area within the designating body's jurisdiction. E. That the description of the proposed redevelopment meets the applicable standards for such development. F. That the estimate of the value of the redevelopment is reasonable for projects of this nature; G. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and H. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. SECTION III. The Common Council also hereby determines and finds the following: A. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. B. The deduction will not be allowed unless the dwelling rehabilitation is completed within two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby confirins its Declaratory Resolution designating the areas described herein as Residentially Distressed Areas for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. P:\ MIKE \TAXABATE \ABATES96 \LUAN2.RES PRESENTED 3-//-9(o NOT APPROVED ADOPTED -/( -96 Member of the Common Council 2 Filed In Cierk`6 OfF.e .12!Ts-98J CR YCLERk SO. DEMD,:ES.