Laserfiche WebLink
REGULAR MINUTES <br />APRIL 27,1998 <br />Indiana Code 6 -1.1- 12.1 -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) calendar years <br />from the date of the adoption of this Resolution by the Common <br />Council. <br />SECTION IV. The Common Council hereby determines and finds that <br />the proposed described redevelopment can be reasonably expected to <br />yield benefits identified in the Statement of Benefits and the <br />petition for real property tax abatement consideration and that the <br />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 Committee <br />that the area herein described be designated as a Residentially <br />Distressed Area and hereby adopts a Resolution designating this <br />area as a Residentially Distressed Area for purposes of real <br />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 5- <br />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 habitability <br />as a specific condition of having such property be designated as a <br />residentially distressed area. <br />SECTION X. 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. Council <br />Member Kelly reported that the Community and Economic Development <br />Committee had met on this bill and recommended it to the Council <br />favorable. Christian Davey, 15630 Hearthstone, made the <br />presentation for the resolution. He indicated they are planning to <br />build $165,000 to $200,000 homes, which will aid the City in <br />recouping the investment made in Blackthorn. Jim Cierzniak, 1156 <br />E. Victoria, asked why the City just did not pass a bill that gave <br />any one who built a home tax abatement. It was explained there are <br />State laws that govern tax abatement and only a certain percentage <br />of homes will qualify. Council Member Broden made a motion to <br />adopt this resolution, seconded by Council Member Aranowski. The <br />resolution was adopted by a roll call vote of nine ayes. <br />RESOLUTION NO. 2614 -98 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 3722 <br />FOUNDATION DRIVE AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A <br />FIVE (5) YEAR PERSONAL PROPERTY TAX <br />