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REGULAR MEETING <br />MARCH 23. 1998 <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 />notice of the adoption of this Declaratory Resolution for Real <br />Property Tax Abatement to be published pursuant to Indiana Code <br />5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing <br />notice of the public hearing before the Common Council on the <br />proposed confirming of said declaration. <br />SECTION IX. Pursuant to Indiana Code 6 -1.1- 12.1 -2, the <br />rehabilitation must meet all local code standards for <br />habitability as a specific condition of having such property be <br />designated as a residentially distressed area. <br />SECTION X. This Resolution shall be in full force and effect <br />from and after its adoption by the Common Council and approval by <br />the Mayor. <br />Is/ Sean Coleman <br />Member of the Common Council <br />RESOLUTION NO. 2586 -98 A RESOLUTION OF THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND, INDIANA, COMMONLY KNOWN AS LOTS <br />#103, 104, 106, 107, 108, 110, 111, 112, <br />113, 114 AND 115 SOUTHFIELD SUBDIVISION <br />SECTION 2 AS A RESIDENTIALLY DISTRESSED <br />AREA FOR PURPOSES OF A FIVE (5) YEAR <br />RESIDENTIAL REAL PROPERTY TAX <br />PARTNERSHIP <br />WHEREAS, a Statement of Benefits and a petition for residential <br />real property tax abatement has been submitted to and filed with <br />the City Clerk for consideration by the Common Council of the <br />City of South Bend, Indiana requesting that the area commonly <br />known as Lots #103, 104, 106, 107, 108, 110, 111, 112, 113, 114, <br />and 115, - Southfield Subdivision Section 1, South Bend, Indiana, <br />and which is more particularly described as follows: <br />1 <br />u <br />Street Address <br />Legal <br />Description <br />Key Number <br />6410 <br />cedar <br />Trail <br />Lot <br />#103 <br />Southfield <br />Subdivision <br />Section <br />2 23- 1037 -2073 <br />6412 <br />Cedar <br />TraiL <br />Lot <br />#104 <br />Southfield <br />Subdivision <br />Section <br />2 <br />6423 <br />Cedar <br />Trail <br />Lot <br />#106 <br />Southfield <br />Subdivision <br />section <br />2 <br />6422 <br />cedar <br />Trail <br />Lot <br />#107 <br />Southfield <br />Subdivision <br />Section <br />2 <br />6420 <br />Cedar <br />Trail <br />Lot <br />#108 <br />Southfield <br />Subdivision <br />section <br />2 <br />6415 <br />Cedar <br />Trail <br />Lot <br />#110 <br />Southfield <br />Subdivision <br />Section <br />2 <br />6413 <br />cedar <br />Trail <br />Lot <br />#111 <br />Southfield <br />Subdivision <br />section <br />2 <br />6411 <br />cedar <br />Trail <br />Lot <br />@112 <br />Southfield <br />Subdivision <br />section <br />2 <br />6409 <br />Cedar <br />Trail <br />Lot <br />#113 <br />Southfield <br />Subdivision <br />Section <br />2 <br />6407 <br />cedar <br />Trail <br />Lot <br />#114 <br />Southfield <br />Subdivision <br />Section <br />2 <br />6405 <br />Cedar <br />Trail <br />Lot <br />#115 <br />Southfield <br />Subdivision <br />Section <br />2 <br />( *- master key number is currently being split and separate Key Numbers will be <br />assigned to each of the above addresses /lots) <br />be designated as a Residentially Distressed Area under the <br />provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend <br />Municipal Code Sections 2 -76 et sea., and; <br />WHEREAS, the Department of Community and Economic Development has <br />concluded an investigation and prepared a report with information <br />sufficient for the Common Council to determine that the area <br />