HomeMy WebLinkAboutConfirming Tax Abatement - Value Plus Construction, Inc. for Benefit of Beverly J. King 2520 W. Calvert St. (5 Year Real Property)RESOLUTION
NO. 2532 -97
Passed by the Common Council of the City of South Bend, Indiana,
December 8, 97
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 9,
Approved and signed by me
v 97
December 10,
City Clerk
19 97 .
Mayor
RESOLUTION NO. �� — / 7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2520 WEST CALVERT STREET
RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A
FIVE (5) YEAR REAL PROPERTY
RESIDENTIAL TAX ABATEMENT FOR
VALUE PLUS CONSTRUCTION, INC. FOR THE BENEFIT OF:
BEVERLY J. KING
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 areas commonly known as 2520 W.
Calvert street, South Bend, Indiana, and which are more particularly described as follows:
Street Address Legal Description Key Number
2520 W. Calvert street Lots 228 & 229 Homeland 2nd Addition 18- 8103 -3877
as Residentially Distressed Areas; 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 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 the following:
A. A significant number of dwelling units within the areas are not permanently
occupied or a significant number of parcels in the areas are vacant land;
OR
B. A significant number of dwelling units in the areas are:
i. the subject of an order issued under IC 36 -7 -9; or
ii. evidencing significant building deficiencies;
OR
C. The areas have 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
D. The areas (plus any areas previously designated) do not exceed ten percent (10 %)
of the total area within the designating body's jurisdiction.
SECTION III. The Common Council also hereby determines and finds the following:
A. The deduction will not be allowed unless the dwelling is rehabilitated to meet local
code standards for habitability.
B. The deduction will not be allowed unless the dwelling rehabilitation is completed
within Five (5) calendar years from the date of the adoption of the Declaratory
Resolution by the Common Council.
C. That the description of the proposed redevelopment meets the applicable standards
for such development.
D. That the estimate of the value of the redevelopment is reasonable for projects of this
nature;
E. That the other benefits about which information was requested are benefits that can
be reasonably expected to result from the proposed described redevelopment; and
F. 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.
SECTION IV. The Common Council further exercises its authority to waive certain compliance
requirements of Indiana Code 6- 1.1- 12.1 -1 et sM., 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 2520 W. Calvert Street is declared a residentially
distressed area.
SECTION V. The Common Council hereby confirms its Declaratory Resolution designating the
areas described herein as Residentially Distressed Areas for the purposes of tax abatement. Such
designation is for Real property tax abatement only.
SECTION VI. 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 VII. This Resolution shall be in full force and effect from and after its adoption by
the Common Council and approval by the Mayor.
AVL J Az�
Member of the Common Council/
PRESENTED 12- b -
NOT APPROVED G
AMPTM /2- 4 — l 7
H:\HOME\MBEITZIN\WP\TAXABATE\ABATES97\VALPLUS2.RES
PA