Confirming Tax Abatement - G & M Properties Various Addresses in South Bend (5 Year Real Property)

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RESOLUTION NO. �D — 5 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1702 &1706 NORTH KALEY STREET 1902 & 1933 NORTH MEADE STREET 19349 19409 & 2004 NORTH FREMONT STREET 2021 NORTH OLIVE STREET, A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR G & M PROPERTIES 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 areas commonly known as 1702 and 1706 N. Kaley Street; 1902 and 1933 N. Meade Street; 1934, 1940, and 2004 N. Fremont Street; and 2021 N. Olive Street, South Bend, Indiana and which are more particularly described as follows: Street Address Legal Description Key Number 1702 N. Kaley Street Lot 420 Vernon Heights Addition 18- 2102 -3856 1706 N. Kaley Street Lot 419 Vernon Heights Addition 18- 2102 -3854 1902 N. Meade Street Lot 538 Vernon Heights Addition 18- 2096 -3650 1933 N. Meade Street Lot 527 Vernon Heights Addition 18- 2095 -3587 1934 N. Fremont Street Lot 574 Vernon Heights Addition 18- 2096 -3632 1940 N. Fremont Street Lot 575 Vernon Heights Addition 18- 2096 -3628 2004 N. Fremont Street Lot 576 Vernon Heights Addition 18- 2096 -3623 2021 N. Olive Street Lot 585 Vernon Heights Addition 18- 2096 -3616 as Residentially Distressed Areas; 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 confirms 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 11. 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.