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HomeMy WebLinkAboutDesignating Tax Abatement - G & M Properties, E. Leroy Yoder and G & M Partnership Various Addresses on S. Meade St. (5 Year Real Property)Attest RESOLUTION NO. 2374 -96 Passed by the Common Council of the City of South Bend, Indiana June 24, 96 19 Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, June 25, 96 19 City Clerk Approved and signed by me 19. C Mayor RESOLUTION NO. ER46 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1911, 1917, 19219 20019 20069 20149 20229 21089 21129 21209 2201, 22059 22119 2233 AND 2239 SOUTH MEADE STREET RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY RESIDENTIAL TAX ABATEMENT FOR G & M PROPERTIES, E. LEROY YODER AND G & M 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 areas commonly known as 1911, 1917, 1921, 2001, 2006, 2014, 2022, 2108, 2112, 2120, 2201, 2205, 2211, 2233 and 2239 South Meade Street, South Bend, Indiana, and which are more particularly described as follows: Street Address 1911 South Meade Street 1917 South Meade Street 1921 South Meade Street 2001 South Meade Street 2006 South Meade Street 2014 South Meade Street 2022 South Meade Street 2108 South Meade Street 2112 South Meade Street 2120 South Meade Street 2201 South Meade Street 2205 South Meade Street 2211 South Meade Street 2233 South Meade Street 2239 South Meade Street Legal Description Lot 281 Homeland 3rd Addition Lot 280 Homeland 3rd Addition Lot 279 Homeland 3rd Addition Lot 278 Homeland 3rd Addition Lot 234A Homeland 2nd Replat Lot 236A Homeland 2nd Replat Lot 238A Homeland 2nd Replat Lot 240 Homeland 2nd Addition Lot 241A Homeland 2nd Replat Lot 243A Homeland 2nd Replat Lot 266A Homeland 2nd Replat Lot 265A Homeland 2nd Replat Lot 264A Homeland 2nd Replat Lot 258A Homeland 2nd Replat Lot 256A Homeland 2nd Replat as Residentially Distressed Areas; and Key Number 18- 8106 -4031 18- 8106 -4032 18- 8106 -4033 18- 8106 -4034 18- 8103 -3883 18- 8103 -3885 18- 8103 -3887 18- 8105 -3960 18- 8105 -3962 18- 8105 -3966 18- 8107 -4063 18- 8107 -4064 18- 8107 -4065 18- 8107 -4071 18- 8107 -4073 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 completed by the Petitioner meet the requirements of Indiana Code 6 -1.1 -12.1 gt 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. 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. 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. D. The areas (plus any areas previously designated) do not exceed ten percent (10%) of the total area within the designating body's jurisdiction. E. That the description of the proposed redevelopment meets the applicable standards for such development. F. That the estimate of the value of the redevelopment is reasonable for projects of this nature; G. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and H. 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 1111. 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 two (2) 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 areas described herein as Residentially Distressed Areas for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) 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 approved by the Mayor. P:\MB{E \TAXA13ATE\ABATES96 \TAG &MRFS.T WO PRESENTED 6- L LI -% NOT APPROVED ADOPTED 6 -44 Member of the Common Council 2 Filed in Clerk's Office MAY 2 1 1996 LORETTA J. DWA CRY CLERK, $O. BEND, IN.