10-11-04 Council Meeting Minutes

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REGULAR MEETING OCTOBER 11, 2004 SECTION IV. The Common Council hereby determines and finds that the proposed described redevelopment can be reasonably expected to yield benefits identified in the Statement of Benefits and the petition for real property tax abatement consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. SECTION V. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a Residentially Distressed Area for purposes of real property tax abatement. SECTION VI. The designation as a Residentially Distressed Area shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all local code standards for habitability as a specific condition of having such property designated as a residentially distressed area. SECTION X. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s/Karen L. White Member of the Common Council Council member Kelly, Chairperson, Community and Economic Development Committee, reported that this committee held a Public Hearing on this bill this afternoon and voted to send it to the full Council with a favorable recommendation. Council member Coleman disclosed that he has had prior relationships with the petitioner Kendall-Weiss, LP. After discussion with Council Attorney Kathleen Cekanski-Farrand it was determined that there is no conflict of interest. Mr. Derek Spier, AICP, Abonmarche Consultants, LLC, 750 Lincolnway East, South Bend, Indiana made the presentation for this bill on behalf of Kendall-Weiss, LP, the owners and developers of Lafayette Falls Subdivision. Mr. Spier advised that this is the second phase of the project. It will allow for the development of fifty-eight (58) lots of a total development that will eventually contain two hundred sixty-six (266) homes on 116.206 acres on the south side of Kern Road. The development will include 4 ponds, a meandering stream and a waterfall. The property was recently annexed into the City of South Bend. The homes will be stick-built, single family homes. Approximately half of the homes will be 1,500 square foot villas and the remaining homes will be 1,800 to 2,000 square foot conventional homes. The homes will be constructed by Weiss Homes, Inc. The average cost of homes within this development is expected to be $162,000. A Public Hearing was held on the Resolution at this time. 15