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REGULAR MEETING APRIL 13, 1998
<br />known as 1725 Eagle Point Drive, 4140 Spring Hill Ct., 4131, 4132
<br />Green Glade Ct., 4206, 4308, 4335, 4347 Cross Creel Drive, and
<br />2206, 4335, 4343, 4349, 4357,43691 4373, 4346,4316, 4347, 4370,
<br />4360 Foxfire Drive, South Bend, Indiana, and which are more
<br />particularly described as follows:
<br />Cross Creek Lot 3, Cross Creek Sec Three Part One Lot 72, Cross
<br />Creek Sec Three Part One Lot 77, Cross Creek Sec Three Part One
<br />Lot 83, Cross Creek Sec Two Lot 124, Cross Creek Sec Two Lot 130,
<br />Cross Creek Sec Four Lot 223, Cross Creek Sec Four Lot 229., Lot
<br />137 Cross Creek Section Three Part Two, Second Replat of Cross
<br />Creek Sec Five Lot 159A, Cross Creek Sec Five Lot 170, Cross
<br />Creek Sec Five Lot 172, First Replat Cross Creek Phase Three Lot
<br />176A, First Replat Cross Creek Phase Three Lot 182G, Cross Creek
<br />Phase Three Lot 196, First Replat of Cross Creek Sec Five Lot
<br />243A, Cross Creek Sec Five Lot 251, Cross Creek Phase Three Lot
<br />264, Cross Creek Phase Three Lot 265, and Cross Creek Phase Three
<br />Lot 270
<br />and which has tax Key Number
<br />1010- 036887, 25- 1010 - 036893,
<br />1010 - 036511, 25- 1010 - 036517,
<br />1010 - 036542, 25- 1010 - 036544,
<br />1010 - 036578, 25- 1010 - 036549,
<br />1010 - 036580, 25- 1010 - 036585,
<br />Distressed Area; and
<br />25- 1010 - 036903,
<br />25 -1010- 036849,
<br />25- 1010 - 036602,
<br />25- 1010 - 036558,
<br />25 -1010- 036557,
<br />be designated a
<br />25- 1010 - 036882, 25-
<br />25- 1010 - 036855, 25-
<br />25- 1010 - 036531, 25-
<br />25 -1010- 036564, 25-
<br />25- 1010 - 036579, 25-
<br />2 a Residentially
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and
<br />the public hearing before the Council has been published pursuant
<br />to Indiana Code 6 -1.1- 12,1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of
<br />hearing all remonstrances and objections from interested persons;
<br />and
<br />WHEREAS, the Council has determined that the qualifications for a
<br />residentially distressed areas have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
<br />of South Bend, Indiana, as follows:
<br />SECTION I. The Common Council hereby determines and finds that
<br />the petition for real property tax abatement and the Statement of
<br />Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et
<br />sea., for tax abatement.
<br />SECTION II. The Common Council hereby determines and finds the
<br />following:
<br />A. A significant number of dwelling units within the
<br />areas are not permanently occupied or a significant number of
<br />parcels in the areas are vacant land;
<br />B. A significant number of dwelling units in the areas
<br />are:
<br />i. the subject of an order issued under IC36 -7 -9; or
<br />ii. evidencing significant building deficiencies;
<br />C. The Areas have experienced a new loss in the number
<br />of dwelling units, as documented by census information, local
<br />building and demolition permits, or certificates of occupancy, or
<br />the areas are owned by Indiana or the United States.
<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
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