02-11-02 Council Meeting Minutes

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REGULAR MEETING FEBRUARY 11, 2002 code standards for habitability as a specific condition of having such property be 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 /Roland Kelly Member of the Common Council Councilmember King reported that the Community and Economic Development Committee met on this bill and recommends this Resolution to the Council favorably. Council President Kelly noted that he is a member of the American Home Dreams Board of Directors but he will not receive any benefits from this action and therefore will be voting on this matter. Mr. Chris Dressel, Department of Community and Economic Development, 1200 County -City Building, South Bend, Indiana, made the presentation for this Resolution on behalf of the City and the Board of Public Works. Mr. Dressel stated that this tax abatement is being requested as part of the City's ongoing partnership with American Home Dreams to build affordable homes in the southeast neighborhood. The tax abatement would allow each homeowner an abatement of approximately fifteen hundred dollars ($1,500.00) per year that would result in the tax to be paid of seventeen hundred dollars ($1,700.00) per year. The abatement will make the homes even more affordable for the new residents as a result. To date they have constructed fifty (50) houses throughout the neighborhood. This tax abatement is for twelve (12) houses which will comprise Roland Court. Mr. Dressel noted that the final phase of the development is to be completed by June of 2003 and has a value of $1.3 million dollars. 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 Coleman 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 seven (7) ayes. RESOLUTION NO. 3062 -02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT TO THE INDIANA DEVELOPMENT FINANCE AUTHORITY AN APPLICATION FOR A BROWNFIELDS SITE ASSESSMENT GRANT WHEREAS, the Mayor of the City of South Bend, Indiana is the Chief Executive Officer of the City and is the appropriate applicant for a Brownfields Site Assessment Grant. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. That the Mayor of the City of South Bend, Indiana, is hereby authorized to submit a grant application, up to the maximum amount of $50,000, to the Indiana Development Finance Authority for a Brownfields Site Assessment Grant. -12-