HomeMy WebLinkAboutDesignating Tax Abatement - G & M Properties Various Addresses in South Bend (5 Year Real Property)RESOLUTION
NO. 2275 -95
Passed by the Common Council of the City of South Bend, Indiana
Attest:
August 14, _19 —9-5.
/�— City Clerk
Presented by me to the Mayor of the City of South Bend,
August 15, 95
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of Common Council.
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Approved and signed by me 0 l (r I 7
City Clerk
Mayor
RESOLUTION NO. cW5 " /S
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1702 &1706 NORTH KALEY STREET
1902 & 1933 NORTH MEADE STREET
19349 19409 & 2004 NORTH FREMONT STREET
2021 NORTH OLIVE STREET
A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A
FIVE (5) YEAR REAL PROPERTY
RESIDENTIAL TAX ABATEMENT FOR
G & M PROPERTIES
WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for
consideration by the Common Council of the City of South Bend, Indiana requesting that the
areas commonly known as 1702 and 1706 N. Kaley Street; 1902 and 1933 N. Meade Street;
1934, 1940, and 2004 N. Fremont Street; and 2021 N. Olive Street, South Bend, Indiana, and
which are more particularly described as follows:
Street Address
Legal Description
Key Number
1702 N. Kaley Street
Lot 420 Vernon Heights Addition
18- 2102 -3856
1706 N. Kaley Street
Lot 419 Vernon Heights Addition
18- 2102 -3854
1902 N. Meade Street
Lot 538 Vernon Heights Addition
18- 2096 -3650
1933 N. Meade Street
Lot 527 Vernon Heights Addition
18- 2095 -3587
1934 N. Fremont Street
Lot 574 Vernon Heights Addition
18- 2096 -3632
1940 N. Fremont Street
Lot 575 Vernon Heights Addition
18- 2096 -3628
2004 N. Fremont Street
Lot 576 Vernon Heights Addition
18- 2096 -3623
2021 N. Olive Street
Lot 585 Vernon Heights Addition
18- 2096 -3616
be designated as Residentially Distressed Areas under the provisions of Indiana Code 6- 1.1 -12.1-
1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and;
WHEREAS, the Department of Community and Economic Development has concluded an
investigation and prepared a report with information sufficient for the Common Council to
determine that the areas qualify as Residentially Distressed Areas under Indiana Code 6 -1.1-
12.1-1, et s—lec ., and South Bend Municipal Code Sections 2 -76, et seo., and has further prepared
maps and plats showing the boundaries and such other information regarding the areas in
question as required by law; and
WHEREAS, the Community and Economic Development Committee of the Common Council
has reviewed said report and recommended to the Common Council that the areas qualify as
Residentially Distressed Areas.
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 -1 et sea., for tax abatement.
SECTION II. The Common Council 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 S 6 -1.1- 12.1 -3.
SECTION III. The Common Council hereby determines and finds that
the proposed described redevelopment can be reasonably expected to
yield benefits identified in the Statement of Benefits set forth as
Sections I through II of the Petition for Real Property Tax
Abatement Consideration and that the Statement of Benefits form
prescribed by the State Board of Accounts are sufficient to justify
the deduction granted under Indiana Code S 6 -1.1- 12.1 -3.
SECTION IV. The Common Council hereby accepts the report and
recommendation of the Community and Economic Development Committee
that the areas herein described be designated as Residentially
Distressed Areas and hereby adopts a Resolution designating these
areas as Residentially Distressed Areas for purposes of real
property tax abatement.
SECTION V. The designation as a Residentially Distressed Area
shall be limited to two (2) calendar years from the date of the
adoption of this Resolution by the Common Council.
SECTION VI. The Common Council hereby determines that the property
owner is qualified for and is granted property tax deduction for a
period of five (5) years.
SECTION VII. The Common Council directs the City Clerk to cause
notice of the adoption of this Declaratory Resolution for Real
Property Tax Abatement to be published pursuant to Indiana Code -S
5 -3 -1 and Indiana Code S 6 -1.1- 12.1 -2.5, said publication providing
notice of public hearing before the Common Council on the proposed
confirming of said decision.
SECTION VIII. Pursuant to Indiana Code S 6 -1.1- 12.1 -2, the
Petitioner must meet all local code standards for habitability as
specific conditions of having such properties being designated
residentially distressed areas.
SECTION IX. This Resolution shall be in full force and effect from
and after its adoption by the Common Council and approval by the
Mayor.
PRESENTED RS
NOT APPROV19
ADOPTED 5- A U - qS AS AmeAl DCD
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