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REGULAR MEETING FEBRUARY 23, 1998
<br />of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the areas commonly
<br />known as lots 47, 52, 53, 86, 92, 93, 94, 95, 101, 105, 108, 114,
<br />115, 116, 117, 118, 119, 120, 122, 123, 126, 127, 128, 129, 131,
<br />132, 133, 134, 135, 136, 137, 138, 139, 140, 142, 143, 145, 146,
<br />147, 148, & 150 Hermitage South Estates, Section Three, South
<br />Bend, Indiana, and which are more particularly described as
<br />follows:
<br />LOTS NUMBERED 47, 52, 53, 86, 92, 93, 94, 95, 101, 105, 108,
<br />114, 115, 116, 117, 118, 119, 120, 122, 123, 126, 127, 128, 129,
<br />131, 132, 133, 134, 135, 136, 137, 138, 139, 140, 142, 143, 145,
<br />146, 147, 148, & 150 HERMITAGE SOUTH ESTATES, SECTION THREE
<br />together now known as and having tax key number 23 1037 2095,
<br />respectively, as Residentially Distressed Areas; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and
<br />the public hearing before the Council has been published pursuant
<br />to Indiana Code 6 -1.1- 12,1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of
<br />hearing all remonstrances and objections from interested persons;
<br />and
<br />WHEREAS, the Council has determined that the qualifications for a
<br />residentially distressed areas have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
<br />of South Bend, Indiana, as follows:
<br />- SECTION I. The Common Council hereby determines and finds that
<br />the petition for real property tax abatement and the Statement of
<br />Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et
<br />sea., for tax abatement.
<br />SECTION II. The Common Council hereby determines and finds the
<br />following:
<br />A. A significant number of dwelling units within the
<br />areas are not permanently occupied or a significant number of
<br />parcels in the areas are vacant land;
<br />B. A significant number of dwelling units in the areas
<br />are:
<br />I. the subject of an order issued under IC36 -7 -9; or
<br />ii. evidencing significant building deficiencies;
<br />C. The Areas have experienced a new loss in the number
<br />of dwelling units, as documented by census information, local
<br />building and demolition permits, or certificates of occupancy, or
<br />the areas are owned by Indiana or the United States.
<br />D. The areas (plus any areas previously designated) do
<br />not exceed ten percent (10 %) of the total area within the
<br />designating body's jurisdiction.
<br />E. That the description of the proposed redevelopment
<br />meets the applicable standards for such development.
<br />F. That the estimate of the value of the redevelopment
<br />is reasonable for projects of this nature;
<br />G. That the other benefits about which information was
<br />requested are benefits that can be reasonably expected to result
<br />from the proposed described redevelopment; and
<br />H. That the totality of benefits is sufficient to
<br />justify the requested deduction, all of which satisfy the
<br />requirements of Indiana Code 6 -1.1- 12,1 -3.
<br />SECTION III. The Common Council also hereby determines and finds
<br />the following:
<br />A. The deduction will not be allowed unless the dwelling is
<br />rehabilitated to meet local code standards for habitability.
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