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03-23-98 Council Meeting minutes
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03-23-98 Council Meeting minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
3/23/1998
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REGULAR MEETING MARCH 23, 1998 <br />dwellings designed for up to four (4) families, including <br />accessory buildings for those dwellings; or <br />B. Any dwellings in the area are not permanently occupied <br />and are: <br />i. the subject of 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 <br />and IC 6- 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 <br />are not permanently occupied or a significant number of <br />parcels in the area are vacant land; or <br />E. A significant number of dwelling units within the area <br />are: <br />i. the subject of an order issued under IC 36 -7 -9; or <br />ii.evidencing significant building deficiencies; or <br />F. The area has experienced a net loss in the number of <br />dwelling units, as documented by census information, local <br />building and demolition permits, or certificates of <br />occupancy, or the areas are owned by Indiana or the United <br />States; or <br />G. The area (plus any areas previously designated under <br />this subsection) will not exceed ten percent (10%) of the <br />total area within the Council's jurisdiction. <br />SECTION III. The Common Council also hereby determines and finds <br />the following: <br />A. That the description of the proposed redevelopment meets <br />the applicable standards for such development; <br />B. That the estimate of the value of the redevelopment is <br />reasonable for projects of this nature; <br />C. That the other benefits about which information was <br />requested are benefits that can be reasonably expected to <br />result from the proposed described redevelopment; <br />D. That the totality of benefits is sufficient to justify <br />the requested deduction, all of which satisfy the <br />requirements of Indiana Code 6 -1.1- 12.1 -3. <br />E. The deduction will not be allowed unless the dwelling is <br />rehabilitated to meet local code standards for habitability; <br />and <br />F. The deduction will not be allowed unless the dwelling <br />rehabilitation is completed within five (5) calendar years <br />from the date of the adoption of this Resolution by the <br />Common Council. <br />SECTION IV. The Common Council hereby determines and finds that <br />the proposed described redevelopment can be reasonably expected <br />to yield benefits identified in the Statement of Benefits and the <br />petition for real property tax abatement consideration and that <br />the Statement of Benefits form prescribed by the State Board of <br />Accounts are sufficient to justify the deduction granted under <br />Indiana Code 6- 1.1- 12.1 -3. <br />SECTION V. The Common Council hereby accepts the report and <br />recommendation of the Community and Economic Development <br />Committee that the area herein described be designated as a <br />Residentially Distressed Area and hereby adopts a Resolution <br />designating this area as a Residentially Distressed Area for <br />purposes of real property tax abatement. <br />SECTION VI. The designation as a Residentially Distressed Area <br />shall be limited to five (5) calendar years from the date of the <br />adoption of this Resolution by the Common Council. <br />SECTION VII. The Common Council hereby determines that the <br />property owner is qualified for and is granted property tax <br />deduction for a period of five (5) years. <br />SECTION VIII. The Common Council directs the City Clerk to cause <br />
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