HomeMy WebLinkAboutConfirming Tax Abatement - SFI/LDI Partnership Lots 4-5, 5a, 11-12, 12a, 13, 13a, 14-16 Southfield Subdivision Section 1a (5 Year Residential Property)Attest
RESOLUTION
NO. 2596 -98
Passed by the Common Council of the City of South Bend, Indiana
April 13, 19 98
Presented by me to the Mayor of the City of South Bend,
April 14, 1998
•k
of Common Council.
Approved and signed by me April 15, _ 19 98 _
City Clerk
Mayor
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
LOTS #4, 5, 5a, 11, 12, 12a, 13, 13a, 14, 15 AND 16 - SOUTHFIELD
• SUBDIVISION SECTION la
RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A
FIVE (5) YEAR RESIDENTIAL REAL
PROPERTY TAX ABATEMENT FOR
SFI /LDI PARTNERSHIP
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 Lots #4, 5, 5a,
11, 12, 12a, 13, 13a, 14, 15 and 16 - Southfield Subdivision Section la, South Bend, Indiana,
and which are more particularly described as follows:
Street Address
Legal
Descri to ion Key Number
6304 Cedar
Court
Lot
#4 Southfield Subdivision Section la 23- 1037 -2073*
6303 Cedar
Court
Lot
#5 Southfield Subdivision Section la
6301 Cedar
Court
Lot
#5a Southfield Subdivision Section la
6306 Maple
Court
Lot
#11 Southfield Subdivision Section la
6304 Maple
Court
Lot
#12 Southfield Subdivision Section la
6302 Maple
Court
Lot
#12a Southfield Subdivision Section la
6301 Maple
Court
Lot
#13 Southfield Subdivision Section la
6303 Maple
Court
Lot
#13a Southfield Subdivision Section la
6305 Maple
Court
Lot
#14 Southfield Subdivision Section la
6307 Maple
Court
Lot
#15 Southfield Subdivision Section la
6309 Maple
Court
Lot
#16 Southfield Subdivision Section la
(* - the master key
number is currently being split and separate key numbers will be assigned
to each
of the
above lots)
as a Residentially Distressed Area; 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 lias 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 seq., 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:
L 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:
L 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 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 q —/3- 99
NOT APPROVED
ADOPTED 21—
o
Member of the Common Council
2
Filed in Clerk's Office
MAR 1 l 1998
LOpETTAJ. DUDA
CITY CLERK, SO. BEND, IN.