05-27-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING MAY 27, 2008 designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years commencing from July 28, 2008, or the date of the adoption of this Resolution by the Common Council whichever date is later. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Timothy A. Rouse Member of the Common Council Councilmember Dieter disclosed that he owns real estate in the Villas at Lake Blackthorn and after discussion with Council Attorney Kathleen Cekanski-Farrand it has been determined that there is no conflict of interest in this matter. Donna Chamblee, Vice-President, Operations, Cooreman Real Estate Group, Inc., 4407 Technology Drive, South Bend, Indiana, made the presentation for these bills. Ms. Chamblee advised that Section I of the subject subdivision was granted five-year residential real property tax abatement on December 9, 2002, through Common Council Resolution number 3138-02. The Redevelopment Commission also approved the tax abatement petition through Resolution Number 1917 on November 1, 2002. The Common Council’s resolution confirmed its earlier declaratory resolution designating Section I as a Residentially Distressed Area (RDA) and that designation was limited to five calendar years from the date of the passage of the declaratory resolution, which was November 12, 2002. Ms. Chamblee stated that economic market factors, including the tightening of the credit market and the decline of real estate property values, have compounded the impact of the higher than comparable city taxes in this subdivision. Additionally, the majority of the unsold property in this neighborhood is located adjacent to the US 31 Bypass – a negative that has proven to be an immitigable factor in the slow growth of sales. A Public Hearing was held on these Resolutions at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to these Resolutions. Councilmember Dieter made a motion to adopt Bill No. 08-47. Councilmember Puzzello seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes and one (1) nay (Councilmember Henry Davis) Councilmember Dieter made a motion to adopt Bill No. 08-48. Councilmember Puzzello seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes and one (1) nay (Councilmember Henry Davis) BILLS – FIRST READING BILL NO. 33-08 FIRST READING ON A BILL OF THE COMMON COUNCIL OF SOUTH BEND, INDIANA AMENDING CHAPTER 2, ARTICLE 5 OF THE SOUTH BEND MUNICIPAL CODE FOR PRE-APPROVED PAYMENT OF CLAIMS This bill had first reading. Councilmember Varner made a motion to refer this bill to the Personnel and Finance Committee and set it for Public Hearing on and Third Reading on 22