REGULAR MEETING MARCH 23, 1998
<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 />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 />Sean Coleman
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time.
<br />Council Member Kelly reported that the Community and Economic
<br />Development Committee had met on this bill and recommended it to
<br />the Council favorable. Tim Murray, 51716 Darthmore, indicated
<br />they were looking forward to selling these lots, and the tax
<br />abatement should help. Council Member Aranowski made a motion to
<br />adopt this resolution, seconded by Council Member Kelly. The
<br />resolution was adopted by a roll call vote of eight ayes.
<br />RESOLUTION NO. 2589 -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 1725
<br />EAGLE POINT DRIVE, 4140 SPRING HILL CT.,
<br />4131, 4132 GREEN GLADE CT., 4206, 4308,
<br />4335, 4347 CROSS CREEK DRIVE, AND 2206,
<br />4335, 4343, 4349, 4357, 4369, 4373,
<br />4346, 4316, 4347, 4370, 4360 FOXFIRE
<br />DRIVE AS A RESIDENTIALLY DISTRESSED AREA
<br />FOR PURPOSES OF A FIVE (5) YEAR
<br />RESIDENTIAL REAL PROPERTY TAX ABATEMENT
<br />FOR CROSS CREEK, INC.
<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 1725 Eagle Point Drive, 4140 Spring Hill Ct., 4131,4132
<br />Green Glade Ct., 4206,4308,4335,4347 Cross Creek Drive, and 2206,
<br />4335, 4343, 4349, 4357, 4369, 4373, 4346, 4316, 4347, 4370, 4360
<br />Foxfire Drive, South Bend, Indiana, and which is more
<br />particularly described as follows:
<br />Cross Creek Lot 3, Cross Creek Sec Three Part One Lot 72, Cross
<br />
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