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REGULAR MEETING <br />APRIL 13, 1998 <br />D. The areas (plus any areas previously designated) do <br />not exceed ten percent (10 %) of the total area within the <br />designating body's jurisdiction. <br />E. That the description of the proposed redevelopment <br />meets the applicable standards for such development. <br />F. That the estimate of the value of the redevelopment <br />is reasonable for projects of this nature; <br />G. That the other benefits about which information was <br />requested are benefits that can be reasonably expected to result <br />from the proposed described redevelopment; and <br />H. That the totality of benefits is sufficient to <br />justify the requested deduction, all of which satisfy the <br />requirements of Indiana Code 6- 1.1- 12.1 -3. <br />SECTION III. The Common Co <br />the following: <br />A. The deduction will <br />rehabilitated to meet local <br />B. The deduction will <br />rehabilitation is completed <br />the date of the adoption of <br />Common Council. <br />ancil also hereby determines and finds <br />not be allowed unless the dwelling is <br />code standards for habitability. <br />not be allowed unless the dwelling <br />within five (5) calendar years from <br />the Declaratory Resolution by the <br />SECTION IV. The Common Council hereby confirms its Declaratory <br />Resolution designating the areas described herein as <br />Residentially Distressed Areas for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is <br />limited to five (5) calendar years from the date of adoption of <br />the Declaratory Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the <br />property owner is qualified for and is granted Real property <br />tax deduction for a period of five (5) years, and further <br />determines that the petition complies with Chapter 2, Article 6, <br />of the Municipal Code of the City of South Bend and Indiana Code <br />6 -1.1 -12.1 et sea. <br />SECTION VI. 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 />/s/ Sean Coleman <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Tim <br />Murray 51716 Darthmore, advised they anticipated selling the lots <br />faster with this abatement. Council Member Pfeifer made a motion <br />to adopt this resolution, seconded by Council Member Kelly. The <br />resolution was adopted by a roll call vote of eight ayes. <br />RESOLUTION NO. 2600 -98 A RESOLUTION CONFIRMING THE ADOPTION OF <br />A DECLARATORY RESOLUTION 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 RESIDENTIALLY DISTRESSED AREAS FOR <br />PURPOSES OF A FIVE (5) YEAR RESIDENTIAL <br />REAL PROPERTY TAX ABATEMENT FOR CROSS <br />CREEK, INC. <br />WHEREAS, the Common Council of the City of South Bend, Indiana, <br />has adopted a Declaratory Resolution designating certain areas <br />within the City as Residentially Distressed Areas for the purpose <br />of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the areas commonly <br />