03-23-98 Council Meeting minutes

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REGULAR MEETING MARCH 230 1998 SECTION IV. The Common Council hereby determines and finds that the proposed described redevelopment can be reasonably expected to yield benefits identified in the Statement of Benefits and the petition for real property tax abatement consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6- 1.1- 12.1 -3. SECTION V. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a Residentially Distressed Area for purposes of real property tax abatement. SECTION VI. The designation as a Residentially Distressed Area shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6 -1.1- 12.1 -2, the rehabilitation must meet all local code standards for habitability as a specific condition of having such property be designated as a residentially distressed area. SECTION X. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Sean Coleman Member of the Common Council A public hearing was held on the these resolutions at this time. Council Member Varner made a motion to combine public hearing on Resolutions No. 98 -46, 47, 48, seconded by Council Member Kelly. The motion carried. Council Member Kelly reported that the Community and Economic Development Committee met on these resolutions and recommended them to the Council favorable. Mike Urbanski, a representative of SFI /LDI, made the presentations for the resolutions. He advised that the growth of the City was very important, and these residential abatements will help in attaining this growth. Council Member Kelly made a motion to adopt Resolution No. 2585 -98, seconded by Council Member Broden. The resolution was adopted by a roll call vote of eight ayes. Council Member Kelly made a motion to adopt Resolution No. 2586- 98, seconded by Council Member Varner. The resolution was adopted by a roll call vote of eight ayes. Council Member Kelly made a motion to adopt Resolution No. 2587 -98, seconded by Council Member Varner. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 2587 -98 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 202, 206, 210, 214, 218, 222, 226, 230 ASHBURY COURT AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR GARDEN HOMES BY E.L., INC.