HomeMy WebLinkAboutDesignating Tax Abatement - SFI/LDI Partnership (Southfield Sub.) 1423 & 1430 forest View Ct. (5 Year Residential Property)Attest
RESOLUTION
NO. 2744 -99
Passed by the Common Council of the City of South Bend,
May 24, 19 99
Presented by me to the Mayor of the City of South Bend, Indiana
May 25, 1999
Clerk
;dent of Common Council.
Approved and signed by mo May 25 - 19 99
City Clerk
Mayor
RESOLUTION NO. 2-,4� 1 `i
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1423 and 1430 Forest View Court
AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A
FIVE (5) YEAR RESIDENTIAL REAL
PROPERTY TAX ABATEMENT FOR
SFI /LDI PARTNERSHIP (SOUTHFIELD SUBDIVISION)
WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement
has been submitted to and 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 1423 and 1430
Forest View Court, South Bend, Indiana, and which is more particularly described as follows:
Street Address Legal Description Key Number
1423 Forest View Ct Lot 45 Southfield Subdivision 23 -1037- 2073.51
1430 Forest View Ct Lot 47 Southfield Subdivision 23 -1037- 2073.53
be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1
et sea., and South Bend Municipal Code Sections 2 -76 et sea., and;
WHEREAS, the Department of Community and Economic Development has concluded an
investigation and prepared a report with information sufficient for the Common Council to
determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1-
12.1, et s�Mc., and South Bend Municipal Code Sections 2 -76, et sea., 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 Community and Economic Development Committee of the Common Council
has reviewed said report and recommended to the Common Council that the area qualifies as a
Residentially Distressed 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 meet the requirements of Indiana
Code 6 -1.1 -12.1 et sea., for tax abatement.
granted under Indiana Code 6 -1.1- 12.1 -3.
SECTION V. The Common Council hereby accepts the report and recommendation of the
Community and Economic Development Committee that the area herein described be designated
as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a
Residentially Distressed Area for purposes of real property tax abatement.
SECTION VI. The Common Council hereby determines that the property owner is qualified
for and is granted property tax deduction for a period of five (5) years.
SECTION VII. The Common Council further exercises its authority to waive certain
compliance requirements of Indiana Code 6- 1.1- 12.1 -1 et sec., as permitted by Indiana Code
6 -1.1 -12.1 -11.3 (c), to the extent necessary to give effect to this Resolution, with such waiver
taking place after public hearing. Without limiting the general scope of this waiver, the Common
Council hereby approves Form SB -1 Statement of Benefits and specifically waives the
Petitioner's failure to submit said Statement of Benefits to the Common Council before initiating
the redevelopment project, in accordance with Indiana Code 6- 1.1- 12.1- 11.3(a)(2). The Common
Council further finds that each of the additional findings required pursuant to Indiana Code 6-
1.1- 12.1 -2 have been met, and that the property located at 1423 and 1430 Forest View Court
is declared a residentially distressed area.
SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption
of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to
Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the
public hearing before the Common Council on the proposed confirming of said declaration.
SECTION IX. Pursuant to Indiana Code 6- 1.1- 12.1 -2, the rehabilitation must meet all local
code standards for habitability as a specific condition of having such property be designated as
a residentially distressed area.
SECTION X. This Resolution shall be in full force and effect from and after its adoption by
the Common Council and approval by the Mayor.
Member of the Common Council
3
PRESENTED 5 -1-q -9q
NOT APPROVED
ADOPTED g-Ly�yS
File in Clerk's Office
FmAY 19 199
LCRETTG J. D4iDk
CITY CLERK, SO. PERU, ft