Laserfiche WebLink
REGULAR MEETING JULY 12, 2004 <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, or <br /> certificates of occupancy, or the areas are owned by Indiana or the United States; <br /> 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 jurisdiction. <br /> SECTION III. The Common Council also hereby determines and finds the <br /> following: <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 /> 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 from the date of the adoption of this <br /> Resolution by the Common Council. <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 from the date of adoption of the Declaratory Resolution by the <br /> Common Council. <br /> SECTION V. The Common Council hereby determines that the property owner <br /> is qualified for and is granted Real property tax deduction for a period of five (5) years, <br /> and further determines that the petition complies with Chapter 2, Article 6, of the <br /> Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. <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 /> s/Karen L. White <br /> Member of the Common Council <br /> { <br /> Mr. Bernard Feeney, Registered Land Surveyor, 715 South Michigan Street, South Bend, <br /> Indiana, made the presentation for this bill on behalf of the petitioner Cleland Builders, <br /> Inc. <br /> Mr. Feeney advised that the petitioner would like to continue development of the Jade <br /> Crossing subdivision. Jade Crossing is located directly South of Brick Road, midway <br /> between Portage Avenue and the U.S. 31 Bypass. In Phase 2, the petitioner proposes to <br /> build thirty (30) stick built homes on identified lots in Exhibit A. The homes will <br /> average between 1,200 and 1,600 square feet, with three to four bedrooms, 1-1 %2 baths, <br /> two car attached garages and full basements. The average home within Phase 2 will cost <br /> $150,000.00 make the total project cost approximately$4,500,000.00 <br /> A Public Hearing was held on the Resolution at this time. <br /> 15 <br />