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HomeMy WebLinkAboutConfirming Tax Abatement - G & M Properties 1933 N. Meade, 1934 N. Fremont, Various Addresses on W. Linden, 1238 Kinyon, 2013 W. Hamilton, 1226 E. Cedar, 1230 South Bend Ave. (5 Year Residential Property)RESOLUTION NO. 2608 -98 Passed by the Common Council of the City of South Bend, Indiana April 27, Attest: Presented by me to the Mayor of the City of South Bend, P pril 28, 98 Clerk of Common Council. City Clerk Approved and signed by me April 29 _ 199 _. Mayor RESOLUTION NO. J669-9 D A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1933 N. Meade St., 1934 N. Fremont St., 2613, 2607, 2603, 2522, 2526, 2530, 2513, 25099 2505, 2432, 2422, W. Linden St., 1238 Kinyon St.2013 W. Hamilton, 1226 East Cedar St., 1230 South Bend Avenue 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 1933 N. Meade St., 1934 N. Fremont St., 2613, 2607, 2603, 2522, 2526, 2530, 2513, 2509, 2505, 2432, 2422, W. Linden St., 1238 Kinyon St.2013 W. Hamilton, 1226 East Cedar St., 1230 South Bend Avenue, South Bend, Indiana, and which are more particularly described as follows: Street Address 1933 N. Meade St. 1934 N. Fremont St. 2613 W. Linden St. 2607 W. Linden St. 2603 W. Linden St. 2522 W. Linden St. 2526 W. Linden St. 2530 W. Linden St. 2513 W. Linden St. 2509 W. Linden St. 2505 W. Linden St. 2432 W. Linden St. 2422 W. Linden St. 1238 Kinyon Street 2013 W. Hamilton 1226 East Cedar Street 1230 South Bend Avenue Legal Description Lot 527 Vernon Heights Lot 538 Vernon Heights Lot 33 Kaley's 1st Add Lot 35 Kaley's 1st Add Lot 36 Kaley's 1st Add Lot 14 Kaley's 1st Add Lot 15 Kaley's 1st Add Lot 16 Kaley's 1st Add Lot 41 Kaley's 1st Add Lot 42 Kaley's 1st Add Lot 43 Kaley's 1st Add Lot 8 Kaley's 1st Add Lot 6 Kaley's 1st Add Lot 176 North West Add 3rd Replete Ex E 100.5' & Ex W 50' Lot 56 Jackson Sub Prop Lot 38 Happ & Taggarts 1st Replete Lot 16 Talbots Plat as a Residentially Distressed Area; and Key Number 18- 2095 -3587 18- 2096 -3632 18- 2066 -2456 18- 2066 -2458 18- 2066 -2459 18- 2069 -2539 18- 2069 -2538 18- 2069 -2537 18- 2068 -2503 18- 2068 -2505 18- 2068 -2507 18- 2069 -2546 18- 2069 -2548 18 -2164 -5992 18- 2113 -4155 18 -5080 -2800 18 -5095 -3346 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: 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 sea. 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- 27 -1 p NOT APPROWD dd ;kD0PTEDy - �7 -9 D Filed in Cleric's Office E- AR7 1998 LORETTAJ. DWA CITY CLERK, S0. BEND, IN. Member of the Common Council