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REGULAR MEETING JUNE 9, 2003 <br />SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />s /Karen L. White <br />Member of the Common Council <br />Mr. Tiberius Mihalache,117 South Main Street, Mishawaka, Indiana, made the presentation for this <br />Resolution. <br />Mr. Mihalache advised that he proposes to build a new multi family, two (2) story quad plex with <br />one (1) and two (2) bedroom units. The total living area will be three thousand eight hundred forty <br />(3,840) square feet and the units will be one (1) and two (2) bedrooms each with a full bath. The <br />gross size of the property is nine thousand five hundred eighty -six (9, 586) square feet and the net <br />size of the building will be five thousand one hundred ninety -four (5,194) square feet with the first <br />floor being one thousand nine - hundred twenty (1,920) square feet. He noted that the new multi- <br />family property will increase the value of the existing properties in the area. Also, the tax cash flow <br />will benefit from this project. The total estimated dollar value of this project is two hundred <br />thousand dollars ($200,000.00). <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember King made a motion to adopt this Resolution. Councilmember <br />Coleman seconded the motion which carried and the Resolution was adopted by a roll call vote of <br />nine (9) ayes. <br />RESOLUTION NO. 3198 -03 A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 3102 AND 3108 <br />NORTHSIDE BOULEVARD RESIDENTIALLY <br />DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) <br />YEAR RESIDENTIAL REAL PROPERTY TAX <br />ABATEMENT FOR TIBERIUS MIHALACHE <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory <br />Resolution designating certain areas within the City as Residentially Distressed Areas for the <br />purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as 3102 and 3108 <br />Northside Boulevard, South Bend, Indiana, and which are more particularly described as follows: <br />Lot Numbered Thirty -four (34) and Thirty -five (35) as shown on the <br />Recorded Plat of Corporan and Duck Subdivision of Lot Numbered <br />Three Hundred and Seventy -eight (378) in Fordham Addition to River <br />Park, now within and apart of the City of South Bend, St. Joseph County, <br />