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REGULAR MEETING FEBRUARY 26, 2001
<br />PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL
<br />PROPERTY TAX ABATEMENT FOR MADCO
<br />RESIDENTIAL, LP 2
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
<br />Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas
<br />for the purpose of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as 5017 and
<br />5033 Oak Place; 303, 317, 322, 345, 359, 402, 407, 423, 457, 475, 503 and 515 Evergreen Place;
<br />4901, 4911, 4952, 4955, 5011, 5012, 5023, and 5030 Maple Lane; 4953, 5015, 5033, and 5036 Pine
<br />Place; 449, 454, 463, 466, 478, 482, 502, and 505 Birch Bend Drive; 4903 and 4915 Palm Place;
<br />370, 404, 456, 468, and 480 Anjylla; 4948, 4959, 5009, 5019, 5020, and 5037 Anjylla East; 4948,
<br />4959, 5009, 5019, 5020, and 5037 Anjylla West; 4868, 4931, 4940, 5007, 5018, 5019, 5022, 5027,
<br />and 5042 Elm Street; 4926, 4936, 5005, 5010, 5021, 5022, 5038, and 5041 Walnut Run, South Bend,
<br />Indiana, and which are more particularly described as follows:
<br />A part of the Southeast 1/4 of the Southeast 1/4 of Section 5,
<br />Township 37 North, Range 2 East located in the City of South Bend,
<br />St. Joseph County, Indiana.
<br />and which has tax Key Number 18- 2222 -8279 and 18 -222 -8280, as a Residentially Distressed Area;
<br />and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before
<br />the Council has been published pursuant to Indiana Code 6 -1.1- 12,1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances
<br />and objections from interested persons; and
<br />WHEREAS, the Council has determined that the qualifications for a residentially distressed
<br />area have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
<br />Bend, Indiana, as follows:
<br />SECTION I. The Common Council hereby determines and finds that the petition for real
<br />property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code
<br />6 -1.1 -12.1 et sea., for tax abatement.
<br />SECTION II. The Common Council hereby determines and finds that the area meets one of
<br />the following conditions as formally established in Ordinance No. 8845 -97, which was passed on
<br />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,
<br />including accessory buildings for those dwellings; or
<br />B. Any dwellings in the area are not permanently occupied and are:
<br />i. the subject to 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-
<br />1.1 -25; 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
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