Designating Tax Abatement - Sidney Moore, Jr. & Dorothy D. Moore 645 Wilber St. (10 Year Real Property)

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RESOLUTION NO. 020 / S- 93 A RESOLUTION OF THE CITY OF SOUTH BEND DE WITHIN THE CITY OF SOUTH BE 114at"Irl M➢ FOR PURPOSES OF A TEN THE I9[0l:1 WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 645 Wilber Street, South Bend, Indiana, 46628, and which is more particularly described as follows: Lots Numbered One Hundred Six (106), One Hundred Seven (107), One Hundred Eight (108) and One Hundred Nine (109) as shown on the recorded Plat of Kauffman Place Addition to the City of South Bend, recorded in Plat Book 9, page 57 in the Office of the Recorder of St. Joseph County, Indiana and which has Key Number 18- 2016 -0465, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code Sections 2 -76 et seq .,, and; WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that a special exception should be granted to the property to qualify it as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2.76, et sag., and 2.84, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that special exception should be granted to qualify the property as an Economic Revitalization Area. 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 completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2.76 et seq., and Sections 2.84 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of or rehabilitation meets the such development. the proposed redevelopment applicable standards for B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who