05-24-99 Council Meeting Minutes

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REGULAR MEETING MAY 24, 1999 AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SFI /LDI PARTNERSHIP (SOUTHFIELD SUBDIVISION) 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 1379 Stone Trail, 1403 Stone Court, 6401 Cedar Trail, 6301, 6304, 6305, 6306, 6307, 6308, 6309 and 6310 Dogwood Court, and 1316, 1323, 1331, 1337, 1345, 1352, 1358, 1363, 1364, 1370, 1371, 1427, 1434, and 1440 Forest View Court, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 1379 Stone Trail Lot 6 Southfield Subdivision 23- 1058 -3389 1403 Stone Court Lot 11 Southfield Subdivision 23- 1058 -3394 6401 Cedar Trail Lot 32 Southfield Subdivision 23- 1058 -3413 6310 Dogwood Court Lot 33 Southfield Subdivision 23- 1059- 2073.66 6308 Dogwood Court Lot 34Southfield Subdivision 23 -1037- 2073.67 6306 Dogwood Court Lot 35 Southfield Subdivision 23- 1037 - 2073.68 6304 Dogwood Court Lot 36 Southfield Subdivision 23 -1037- 2073.69 6301 Dogwood Court Lot 37 Southfield Subdivision 23- 1037- 2073.70 6305 Dogwood Court Lot 38 Southfield Subdivision 23- 1037- 2073.71 6307 Dogwood Court Lot 39 Southfield Subdivision 23- 1037 - 2073.72 6309 Dogwood Court Lot 40 Southfield Subdivision 23- 1037 - 2073.73 1371 Forest View Ct Lot 44 Southfield Subdivision 23- 1037 - 2073.50 1427 Forest View Ct Lot 46 Southfield Subdivision 23- 1037- 2073.52 1434 Forest View Ct Lot 48 Southfield Subdivision 23- 1037- 2073.54 1440 Forest View Ct Lot 49 Southfield Subdivision 23- 1037 - 2073.55 1370 Forest View Ct Lot 50 Southfield Subdivision 23- 1037 - 2073.56 1364 Forest View Ct Lot 51 Southfield Subdivision 23- 1037- 2073.57 1358 Forest View Ct Lot 52 Southfield Subdivision 23- 1037- 2073.58 1352 Forest View Ct Lot 53 Southfield Subdivision 23- 1037 - 2073.59 1345 Forest View Ct Lot 54 Southfield Subdivision 23 -1037- 2073.60 1337 Forest View Ct Lot 55 Southfield Subdivision 23- 1037 - 2073.61 1331 Forest View Ct Lot 56 Southfield Subdivision 23- 1037- 2073.62 1323 Forest View Ct Lot 57 Southfield Subdivision 23 -1037- 2073.63 1316 Forest View Ct Lot 58 Southfield Subdivision 23- 1037 - 2073.64 1363 Forest View Ct Lot 59 Southfield Subdivision 23- 1037 - 2073.65 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 sea., and South Bend Municipal Code Sections 2 -76, et sea., 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