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REGULAR MEETING MAY 8, 2006 <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VIII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br />pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication <br />providing notice of the public hearing before the Common Council on the proposed <br />confirming of said declaration. <br />SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all <br />local code standards for habitability as a specific condition of having such property <br />designated as a residentially distressed area. <br />SECTION X. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br />Mr. Thomas Guinan, 50936 Stone Hill Ct, Granger, Indiana, made the presentation for <br />this bill. <br />Mr. Guinan advised that he and his wife are preparing to build a new eight room home. <br />The home will be approximately 2,800 square feet and have a basement. The cost of the <br />home will be approximately $380,000. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Kelly made a motion to adopt this <br />Resolution. Councilmember Varner seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of eight (8) ayes. <br />RESOLUTION NO. 3588-06 A RESOLUTION OF THE COMMON COUNCIL <br /> OF THE CITY OF SOUTH BEND <br /> DESIGNATING CERTAIN AREAS WITHIN THE <br /> CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS 711 & 715 <br /> CALIFORNIA AVENUE AS A RESIDENTIALLY <br /> DISTRESSED AREA FOR PURPOSES OF A <br /> FIVE (5) YEAR RESIDENTIAL REAL <br /> PROPERTY TAX ABATEMENT FOR NEAR <br /> NORTHWEST NEIGHBORHOOD, INC. <br />WHEREAS, a Statement of Benefits and a petition for residential real property tax <br />abatement has been submitted to and filed with the City Clerk for consideration by the <br />Common Council of the City of South Bend, Indiana requesting that the areas commonly <br />, <br />known as 711/715 California AvenueSouth Bend, Indiana, and which are more <br />particularly described as follows: <br /> Tax lot numbered 13 in lot numbered 134 of the third plat of Shetterley Place, <br />South Bend <br />, <br />and this property has Tax Key Numbers 18-1062-2664and18-1062-2665be designated <br />as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et <br />seq., and South Bend Municipal Code Sections 2-76 et seq., and; <br />17 <br /> <br />