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05-27-08 Common Council Minutes
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05-27-08 Common Council Minutes
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REGULAR MEETING MAY 27, 2008 <br /> <br /> <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 United <br />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 />jurisdiction. <br /> <br />SECTION III. The Common Council also hereby determines and finds the following: <br /> <br />A. That the description of the proposed redevelopment meets the applicable <br />standards for such development. <br />B. That the estimate of the value of the redevelopment is reasonable for <br />projects of this nature; <br /> <br />C. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described <br />redevelopment; and <br />D. That the totality of benefits is sufficient to justify the requested deduction, <br />all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. <br />E. The deduction will not be allowed unless the dwelling is rehabilitated to <br />meet local code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is <br />completed within five (5) calendar years commencing from November 12, <br />2008, or the date of the adoption of this Resolution by the Common Council <br />whichever date is later. <br /> <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as a Residentially Distressed Area for the purposes <br />of tax abatement. Such designation is for Real property tax abatement only and is limited <br />to five (5) calendar years commencing from November 12, 2008, or the date of the <br />adoption of the Declaratory Resolution by the Common Council whichever date is later. <br /> <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of five (5) years, and <br />further determines that the petition complies with Chapter 2, Article 6, of the Municipal <br />Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. <br /> <br />SECTION VI. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br /> <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br /> <br /> <br />RESOLUTION NO. 3869-08 A RESOLUTION CONFIRMING THE <br /> ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN <br /> AREAS WITHIN THE CITY OF SOUTH BEND, <br /> INDIANA, COMMONLY KNOWN AS THE <br /> VILLAS AT LAKE BLACKTHORN SECTION II, <br /> LOCATED ON APPROXIMATELY 2.7 ACRES <br /> NORTH OF BRICK ROAD, EAST OF ORANGE <br /> ROAD AND WEST OF THE U.S. 31 BYPASS AS <br /> RESIDENTIALLY DISTRESSED AREAS FOR <br /> PURPOSES OF A FIVE (5) YEAR <br /> RESIDENTIAL REAL PROPERTY TAX <br /> ABATEMENT FOR THE SOUTH BEND <br /> REDEVELOPMENT COMMISSION FOR THE <br /> BENEFIT OF: COOREMAN REAL ESTATE <br /> GROUP, INC. <br /> 19 <br /> <br />
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