HomeMy WebLinkAboutConfirming Tax Abatement - Value Plus Construction Inc. Lots 5-7 Jackson Sub (unrecorded) (5 Year Real Property)RESOLUTION
NO. 2382 -96
Passed by the Common Council of the City of South Bend, Indiana,
July 8, 96
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
July 9, 96
19
Clerk
of Common Council.
City Clerk
Approved and signed by me I I ( v 1 19_.
G.
Mayor
RESOLUTION NO. ,E 0
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
LOTS 59 6 & 7, JACKSON SUB (UNRECORDED)
AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A
FIVE (5) YEAR REAL PROPERTY
RESIDENTIAL TAX ABATEMENT FOR
VALUE PLUS CONSTRUCTION, INC.
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 Lots 5, 6 & 7,
Jackson Sub (unrecorded), South Bend, Indiana, and which are more particularly described as
follows:
LOTS 5, 6 & 7 JACKSON SUB (UNRECORDED)
which has tax key number 18- 2111 -4089, 18- 2111 -4088 and 18- 2111 -4084 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 H. The Common Council hereby determines and finds the following:
A. At least thirty-five percent (35 %) of the parcels are currently vacant;
B. 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;
C. 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;
D. 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.
E. The areas (plus any areas previously designated) do not exceed ten percent (10 %)
of the total area within the designating body's jurisdiction.
F. That the description of the proposed redevelopment meets the applicable standards
for such development.
G. That the estimate of the value of the redevelopment is reasonable for projects of this
nature;
H. That the other benefits about which information was requested are benefits that can
be reasonably expected to result from the proposed described redevelopment; and
I. 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 M. 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.
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 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. The Council further exercises its authority pursuant to Indiana Code 6-1.1-12.1 -
11.3(c) and waives certain compliance requirements with such waiver taking place after public
hearing. The 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 Value Plus Construction's property located
at Lot 594 Vernon Heights Addition (1915 N. Olive Street) is declared a residentially distressed
area.
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.
PRESENTED 7-,?- ,?_ 9/
NOT APPROVED K/
ADOPTED 7 -8'- 9G
P:\IAM \TAXABATE \ABATES96 \V ALPLUS2.RES
Member of the Common Coin it
`A
Filed In Ginrk's Office
1996
LORETTAI DUOA
CITY CLERK, SO. BEHO, 0L