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Home My WebLink AboutConfirming Tax Abatement - G & M Properties Various Addresses on S. Prospect St. and W. Colfax St. (5 Year Residential Property)Attest RESOLUTION NO. 2694 -98 Passed by the Common Council of the City of South Bend, Indiana, November 23, 19 98. Presented by me to the Mayor of the City of South Bend, November 24` 19_9$_. •k of Common Council. Approved and signed by mo November 25, _ 19 98_. Clerk Mayor RESOLUTION NO. 9009 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2101, 21079 2111, 21149 21179 21229 2123, 2204, 22059 22109 22139 22149 2219, 2222, 22259 2226, 2231, 22329 2238 SOUTH PROSPECT STREET and 5045 and 5051 WEST COLFAX STREET RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY 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 area commonly known as 2101, 2107, 2111, 2114, 2117, 2122, 2123, 2204, 2205, 2210, 2213, 2214, 2219, 2222, 2225, 2226, 2231, 2232, 2238 South Prospect Street and 5045 and 5051 West Colfax Street, South Bend, Indiana, and which are more particularly described as follows: Street Address 2114 South Prospect Street 2122 South Prospect Street 2204 South Prospect Street 2210 South Prospect Street 2214 South Prospect Street 2222 South Prospect Street 2226 South Prospect Street 2232 South Prospect Street 2238 South Prospect Street 2101 South Prospect Street 2107 South Prospect Street 2111 South Prospect Street 2117 South Prospect Street 2123 South Prospect Street 2205 South Prospect Street 2213 South Prospect Street 2219 South Prospect Street 2225 South Prospect Street 2231 South Prospect Street 5045 West Colfax Street 5051 West Colfax Street Legal Description Lot 300A Homeland Ist Re Lot 302A Homeland 1st Re Lot 303A Homeland 1st Re Lot 305 Homeland 1st Re Lot 306 Homeland 1st Re Lot 307A Homeland 1st Re Lot 309A Homeland 1st Re Lot 310A Homeland 1st Re Lot 311A Homeland 1st Re Lot 330A Homeland 1st Re Lot 329A Homeland 1st Re Lot 327A Homeland 1st Re Lot 326A Homeland 1st Re Lot 325A Homeland 1st Re Lot 323A Homeland 1st Re Lot 322A Homeland 1st Re Lot 320A Homeland 1st Re Lot 319A Homeland 1st Re Lot 317A Homeland 1st Re Lot 175 -76 Portage Gardens Lot 173 -74 Portage Gardens as a Residentially Distressed Area; and Key Number 18- 8107 -4043 18- 8107 -4045 18- 8107 -4046 18- 8107 -4048 18- 8107 -4049 18- 8107 -4050 18- 8107 -4052 18- 8107 -4053 18- 81074056 18- 81084091 18- 81084092 18- 8108 -4094 18- 81084095 18- 8108 -4096 18- 8108 -4098 18- 8108 -4099 18- 8108 -4101 18- 8108 -4102 18- 8108 -4104 18- 2224 -8407 18- 2224 -8406 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 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. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance no. 8845 -97, which was passed on December 8. 1997: A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36 -7 -9; or ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6- 1.1 -24 and IC 6- 1.1 -25; or ii. are owned by a unit of local government; or D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36 -7 -9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or G. The area (plus any areas previously designated under this subsection) will not exceed ten percent (10 %) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that 7 can be reasonably expected to result from the proposed described redevelopment; and D. 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. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) 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 seq. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. PRESENTED 11 -23 —� (j NOT APPROVED ADOPTED 11 - )3-� &4't VL4�- Member of the Common Council Rled In Clerk's Office NOV 1 8 1998 LORMAJ. DUDA et 0UUK,so.WW'iw.