HomeMy WebLinkAboutDesignating Tax Abatement - G & M Properties 2517 & 2525 W. Ewing Ave and 2502, 2510, 2602 & 2612 W. Calvert St. (5 Year Real Property)RESOLUTION
NO. 2287 -95
Passed by the Common Council of the City of South Bend, Indiana,
Attest
October
9, 19 95
Clerk
Presented by me to the Mayor of the City of South Bend,
October
Approved and signed by me
10, 95
19
b-11
of Common Council.
9/S
City Clerk
co- -+�-� Mayor
RESOLUTION NO.
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
2517 AND 2525 WEST EWING AVENUE
2502, 25109 2602 AND 2612 WEST CALVERT STREET
RESIDENTIALLY DISTRESSED AREAS 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 2517 and 2525 West Ewing Avenue and 2502, 2510, 2602 and 2612
West Calvert Street, South Bend, Indiana, and which are more particularly described as follows:
Street Address
Legal Description
Key Number
2517 West Ewing Avenue
Lot 253A Homeland 2nd Addition
18- 8105 -3988
2525 West Ewing Avenue
Lot 255A Homeland 2nd Addition
18- 8105 -3986
2502 West Calvert Street
Lot 224A Homeland 2nd Addition
18- 8103 -3890
2510 West Calvert Street
Lot 226A Homeland 2nd Addition
18- 8103 -3888
2602 West Calvert Street
Lot 282A Homeland 3rd Addition
18- 8106 -4030
2612 West Calvert Street
Lot 284A Homeland 3rd Addition
18- 8106 -4028
be designated as Residentially Distressed Areas under the provisions of Indiana Code 6- 1.1 -12.1-
1 et seq., and South Bend Municipal Code Sections 2 -76 et sep., 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 g�q., and South Bend Municipal Code Sections 2 -76, et se ., 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 H. 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 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 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 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public
hearing before the Common Council on the proposed confirming of said declaration.
SECTION VIII. Pursuant to Indiana Code 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.
Me r of the rommon Council
MB: taxabate/abates95/tag&m2rl. res
PRESENTED /0— 9— q5
NOT APPROVED
ADOPTED w 9 9