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05-24-04 Council Meetng Minutes
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05-24-04 Council Meetng Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
5/24/2004
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REGULAR MEETING <br />MAY 24, 2004 <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 <br />by census information, local building and demolition permits, or certificates <br />of <br />occupancy, or the areas are owned by Indiana or the United States; 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 <br />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 <br />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 <br />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 <br />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 <br />code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is <br />completed <br />G. 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 determines and finds that the <br />proposed described redevelopment can be reasonably expected to yield benefits identified <br />in the Statement of Benefits and the petition for real property tax abatement consideration <br />and that the Statement of Benefits form prescribed by the State Board of Accounts are <br />sufficient to justify the deduction granted under Indiana Code 6- 1.1- 12.1 -3. <br />SECTION V. The Common Council hereby accepts the report and <br />recommendation of the Community and Economic Development Committee that the area <br />herein described be designated as a Residentially Distressed Area and hereby adopts a <br />Resolution designating this area as a Residentially Distressed Area for purposes of real <br />property tax abatement. <br />15 <br />
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