05-24-04 Council Meetng Minutes - Laserfiche WebLink

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REGULAR MEETING MAY 24, 2004 will help retain two hundred sixty (260) current jobs, representing an annual payroll of $13,500,000. A Public Hearing was held on the Resolution at this time. There being no one present wishing to speak to the Council either in favor of or in opposition to this Resolution, Councilmember Kelly made a motion to adopt this Resolution. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 3332 -04 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1218 AND 1226 SOUTH 34TH STREET AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR TIBERIUS MIHALACHE WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement has been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 1218 and 1226 South 34th Street, South Bend, Indiana, and which is more particularly described as follows: WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement has been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 1218 and 1226 South 34th Street, South Bend, Indiana, and which is more particularly described as follows: Lots Numbered Two Hundred Thirty -five (235), Two Hundred Thirty -six (236) and Two Hundred Thirty -seven (237) as shown on the recorded Plat of Lot Lettered "A" in Fordham, Recorded April 6, 1903 in Plat Book 8, page 109, in the Office of the Recorder of St. Joseph County, Indiana. and has Key Numbers 18- 6048 -1574, 18- 6048 -1575 and 18- 6048 -1576, be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et se q., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6 -1.1 -12.1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et sea., for tax abatement. 14 r; FJ