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REGULAR MEETING APRIL 13, 1998
<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 Coi
<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/ Roland Kelly
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Tim
<br />Murray 51716 Darthmore, indicated the homes built on these lots
<br />will be middle - priced. He advised they anticipate a faster sell
<br />with the passage of this resolution. Council Member Aranowski
<br />made a motion to adopt this resolution, seconded by Council
<br />Member Kelly. The resolution was adopted by a roll call vote of
<br />eight ayes.
<br />RESOLUTION NO. 2601 -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 3432,
<br />3431, 3423, 3415, 3409, 3359, 3343,
<br />3335, 3230, 3352, 3344, 3336, 3424
<br />TOPSFIELD ROAD, 3410, 3418, 3426, 3434,
<br />3440, 3433, 3425, 3417, 3409 MEADOW HILL
<br />DR., 3334, 3342, 3350, 3366, 3373, 3374
<br />DEER LAKE DR., AND 2602 TWIXWOOD AS A
<br />RESIDENTIALLY DISTRESSED AREA FOR
<br />PURPOSES OF A FIVE (5) YEAR RESIDENTIAL
<br />REAL PROPERTY TAX ABATEMENT FOR
<br />TOPSFIELD ROAD DEVELOPMENT CORP
<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 3432, 3431, 3423, 3415, 3409, 3359, 3343, 3335, 3230, 3352 3344, 3336, 3424
<br />Topsfield Road, 3410, 3418, 3426, 3434, 3440, 3433, 3425, 3417, 3409 Meadow Hill Dr., 3334,
<br />3342, 3350, 3366, 3373, 3374 Deer Lake Dr., and 2602 Twixwood, South Bend, Indiana, and
<br />which are more particularly described as follows:
<br />Street Address Legal Description Key Number
<br />3432 Topsfield Road Lot # 1 Sec 2 Deer Run @ Topsfield 261001000149
<br />
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