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REGULAR MINUTES <br />APRIL 27,1998 <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 <br />SECTION III. The Common Council also hereby determines and finds <br />the following: <br />A. That the description of the proposed redevelopment meets the <br />applicable standards for such development. <br />B. That the estimate of the value of the redevelopment is <br />reasonable for projects of this nature; <br />C. 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 />D. That the totality of benefits is sufficient to justify the <br />requested deduction, all of which satisfy the requirements of <br />Indiana Code 6- 1.1 -12 -3. <br />E. The deduction will not be allowed unless the dwelling is <br />rehabilitated to meet local code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling <br />rehabilitation is completed within five (5) years from the date of <br />the adoption of this Resolution by the Common Council. <br />SECTION IV. The Common Council hereby confirms its Declaratory <br />Resolution designating the areas described herein as Residentially <br />Distressed Areas for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited <br />to five (5) calendar years from the date of adoption of the <br />Declaratory Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property <br />owner is qualified for and is granted Real property tax deduction <br />for a period of five ( 5 ) years, and further determines that the <br />petition complies with Chapter 2, Article 6, of the Municipal Code <br />of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. <br />SECTION VI. This Resolution shall be in full force and effect from <br />and after its adoption by the Common Council and approval by the <br />Mayor. <br />/s/ Sean Coleman <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Mike <br />Urbanski, 17874 State Road 23, made the presentation for the <br />resolution. He advised he was a member of the Board of Directors <br />of Habitat, and this is definitely going to help them. He <br />indicated the Council's support was appreciated. Council Member <br />Broden made a motion to adopt the resolution, seconded by Council <br />Member Pfeifer. The resolution was adopted by a roll call vote of <br />eight ayes (Council Member Hosinski was absent from the Chambers). <br />Council Member Broden moved to reconsider the vote, upon Council <br />Member Hosinski return, however, the motion was withdrawn and the <br />vote remains eight ayes. <br />E <br />1 <br />1 <br />