04-13-98 Council Meeting minutes

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REGULAR MEETING APRIL 13, 1998 is reasonable for projects of this nature; G. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and H. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. SECTION III. The Common Council also hereby determines and finds the following: A. The deduction will rehabilitated to meet local B. The deduction will rehabilitation is completed the date of the adoption of Common Council. not be allowed unless the dwelling is code standards for habitability. not be allowed unless the dwelling within five (5) calendar years from the Declaratory Resolution by the SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the areas described herein as Residentially Distressed Areas for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Sean Coleman Member of the Common Council RESOLUTION NO. 2597 -98 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOTS #103, 104, 106, 107, 108, 110, 111, 112, 113, 114 AND 115 SOUTHFIELD SUBDIVISION SECTION 2 RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SFI /LDI PARTNERSHIP WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the areas commonly known as lot 103, 104, 106, 107, 108, 110, 111, 112, 113, 114, 115, South Bend, Indiana, and which are more particularly described as follows: Street Address Legal Description Key Number 6410 Cedar Trail Lot #103 Southfield Subdivision Section 2 23- 1037 -2073 6412 cedar trail Lot #104 Southfield Subdivision section 2 6423 Cedar Trail Lot #106 Southfield Subdivision Section 2 6422 Cedar Trail Lot #107 Southfield Subdivision Section 2 6420 Cedar Trail Lot #108 Southfield Subdivision section 2 6415 Cedar Trail Lot #110 Southfield Subdivision Section 2 6413 Cedar Trail Lot #111 Southfield Subdivision Section 2 6411 Cedar Trail Lot @112 Southfield Subdivision Section 2 6409 cedar Trail Lot #113 Southfield Subdivision section 2 6407 Cedar Trail Lot #114 Southfield Subdivision section 2 1 F-J 1