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REGULAR MEETING APRIL 13, 1998 <br />SECTION IV. The Common Council hereby determines and finds that <br />the proposed described redevelopment can be reasonably expected <br />to yield benefits identified in the Statement of Benefits and the <br />petition for real property tax abatement consideration and that <br />the Statement of Benefits form prescribed by the State Board of <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 />/s/ 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. Mike Urbanski, 17874 SR 23, made the <br />presentation for the resolution. He asked for the Council's <br />consideration of the resolution. Council Member Broden made a <br />motion to adopt the resolution, seconded by Council Member Ujdak. <br />The resolution was adopted by a roll call vote of eight ayes. <br />RESOLUTION NO. 2604 -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 2230 N. <br />HUEY STREET AS A RESIDENTIALLY <br />DISTRESSED AREA FOR PURPOSES OF A FIVE <br />(5) YEAR RESIDENTIAL REAL PROPERTY TAX <br />ABATEMENT FOR LEE D. ROSS AND STARLA A. <br />ROSS <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 2230 N. Huey Street, South Bend, Indiana, and which is <br />more particularly described as follows: <br />A lot or parcel of land in the West Half of the Northeast Quarter <br />Section Number Thirty -four (34), Township Thirty -eight (38) North <br />Range Two (2) East. <br />