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REGULAR MEETING <br />FEBRUARY 12, 2007 <br />9.50 feet; thence South 86°13'02" West, a distance of 14.50 feet to the <br />point of beginning; thence continuing South 86°18'02" West, a distance of <br />86.45 feet; thence North 03°41'58" West, a distance of 63.19 feet; thence <br />North 45°03'37" East, a distance of 18.11 feet; thence North 86°18'02" <br />East, a distance of 72.93 feet; thence South 03°41'58" East, a distance of <br />75.13 feet to the point of beginning. And Further excepting Building Six <br />Envelope. Commencing at the Northwest corner of said Lot 61; thence <br />South 00°00'00" East, a distance of 196.39 feet; thence North 90°00'00" <br />East, a distance of 50.00 feet; to the point of beginning, thence continuing <br />North 90°00'00" East, a distance of 86.00 feet; thence South 00°00'00" <br />East, a distance of 68.00 feet; thence South 90°00'00" West, a distance of <br />86.00 feet; thence North 00°00'00" West, a distance of 68.00 feet to the <br />point of beginning <br />and this property has Tax Key Number 23-1037-2073.13, be designated as a <br />Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et seq., <br />and South Bend Municipal Code Sections 2-76 et seq., and; <br />WHEREAS, the Department of Community and Economic Development has <br />concluded an investigation and prepared a report with information sufficient for the <br />Common Council to determine that the area qualifies as a Residentially Distressed Area <br />under Indiana Code 6-1.1-12.1, et sec ., and South Bend Municipal Code Sections 2-76, et <br />sec ., and has further prepared maps and plats showing the boundaries and such other <br />information regarding the area in question as required by law; and <br />WHEREAS, the Community and Economic Development Committee of the <br />Common Council has reviewed said report and recommended to the Common Council <br />that the area qualifies as a Residentially Distressed Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I . The Common Council hereby determines and finds that the petition for real <br />property tax abatement and the Statement of Benefits form meet the requirements of <br />Indiana Code 6-1.1-12.1 et seq., for tax abatement. <br />SECTION II. The Common Council hereby determines and finds that the area meets one <br />of the following conditions as formally established in Ordinance No. 9394-03, which was <br />passed on February 10, 2003: <br />A. The area is comprised of parcels that are either unimproved or contain <br />only one (1) or two (2) family dwellings designed for up to four (4) <br />families, including accessory buildings for those dwellings; or <br />B. Any dwellings in the area are not permanently occupied and are: <br />i. the subject of an order issued under IC 36-7-9; or <br />ii. evidencing significant building deficiencies; or <br />C. Parcels of property in the area: <br />i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; <br />or <br />ii. are owned by a unit of local government; or <br />D. A significant number of dwelling units within the area are not permanently <br />occupied or a significant number of parcels in the area are vacant land; or <br />E. A significant number of dwelling units within the area are: <br />i. the subject of an order issued under IC 36-7-9; or <br />ii. evidencing significant building deficiencies; or <br />F. The area has experienced a net loss in the number of dwelling units, as <br />documented by census information, local building and demolition permits, <br />or certificates of occupancy, or the areas are owned by Indiana or the <br />United States; or, <br />G. The area (plus any areas previously designated under this subsection) will <br />not exceed ten percent (10%) of the total area within the Council's <br />21 <br />