Laserfiche WebLink
REGULAR MEETING JULY 12,2004 <br /> WHEREAS, the Council has determined that the qualifications for a residentially <br /> distressed area have been met. <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 <br /> for real property tax abatement and the Statement of Benefits form meet the requirements <br /> of 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 <br /> meets one of the following conditions as formally established in Ordinance no. 8845-97, <br /> which was passed on December 8, 1997: <br /> A. The area is comprised of parcels that are either unimproved or contain only <br /> one (1) or two (2) family dwellings designed for up to four(4) families, including <br /> 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, 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 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 is <br /> qualified for and is granted Real property tax deduction for a period of five (5) years, and <br /> 9 <br />