05-24-99 Council Meeting Minutes

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REGULAR MEETING MAY 24, 1999 A Public Hearing was held on the Resolution at this time. There being no one present wishing to address the Council either in favor of or in opposition to this Resolution, Councilmember Hosinski made a motion to adopt this Resolution. Councilmember Aranowski seconded the motion which carried and the Resolution was adopted by a roll call vote of nine (9) ayes. RESOLUTION NO. 2742 -99 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 1401 AND 1405 WEST WASHINGTON AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND HERITAGE FOUNDATION 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 1401 and 1405 West Washington, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description 1401 W. Washington Lot Numbered One (1) as shown on the recorded Plat of Sarah J Stover's Subdivision of the South Half ( %2) of Bank Out Lot Numbered Eighty -one (8 1) of the Second Plat of Out Lots to the Town, now City, of South Bend, in St. Joseph County, Indiana 1405 W. Washington Lot Numbered Two (2) as shown on the recorded Plat of Sarah J Stover's Subdivision of the South Half ('/2) of Bank Out Lot Numbered Eighty -one (81) of the Second Plat of Out Lots to the Town, now City, of South Bend, in St. Joseph County, Indiana Key Number 18- 1048 - 2080.01 be designated as a Residentially Distressed Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., 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 seg., and South Bend Municipal Code Sections 2 -76, et seg., 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