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Confirming Tax Abatement - Various Oak Court - SFI/LDI Partnership
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Confirming Tax Abatement - Various Oak Court - SFI/LDI Partnership
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Last modified
10/17/2007 3:06:42 PM
Creation date
10/4/2007 2:15:16 PM
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Template:
City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/26/2007
Ord-Res Number
3709-07
Bill Number
07-33
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13. Describe how the property has become undesirable for or impossible of normal <br />development because of a lack of development, cessation of growth, deterioration of <br />improvements or other factors which have impaired values and prevent a normal <br />development of the property: <br />The petitioner has learned from potential purchasers that current tax rates and liabilities <br />are deterrents to the development of the property for residential or other use. A tax <br />incentive related to new residential construction in this area within the City will assist the <br />petitioner with marketing the Homes and facilitating future construction and sales. <br />14. The current use of the Property is vacant land and the current zoning is PUD <br />Planned Unit Development. <br />15. The property is located in the following Allocation Area (if any) declared and confirmed <br />by the South Bend Redevelopment Commission (requiring approval of the tax abatement <br />by the Redevelopment Commission): <br />N/A <br />16. The following person should be contacted as the petitioners agent regarding additional <br />information and public hearing notifications: <br />NAME: Richard J. Deahl, Barnes & Thornburg LLP <br />ADDRESS: 100 N. Michigan Street, Suite 600 <br />CITY, STATE, ZIP: South Bend, Indiana 46601 <br />TELEPHONE: (5741233-1171 <br />-3- <br />
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