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REGULAR MEETING <br />JULY 13, 1998 <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 areas herein described be designated as <br />Residentially Distressed Areas and hereby adopts a Resolution <br />designating these areas as Residentially Distressed Areas for <br />purposes of real property tax abatement. <br />SECTION VI. The designation as a Residentially Distressed Areas <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 properties be <br />designated as residentially distressed areas. <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 recommends it to <br />the Council favorable. Suzanne Koehler, development specialist, <br />made the presentation for the resolution. She indicated they <br />would be pleased to have a favorable recommendation for these <br />nineteen parcels of land, in order that they could build <br />seventeen new homes. Council Member Pfeifer made a motion to <br />adopt this resolution, seconded by Council Member Kelly. The <br />resolution was adopted by a roll call vote of eight ayes. <br />RESOLUTION NO. 2649 -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 COMMONLY KNOWN AS 100 NAVARRE <br />PLACE, SOUTH BEND, INDIANA, AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A <br />SIX (6) YEAR REAL PROPERTY TAX ABATEMENT <br />FOR MEMORIAL HEALTH SYSTEM, <br />INC. /MEMORIAL HOSPITAL OF SOUTH BEND, <br />INC. <br />WHEREAS, a petition for real property tax abatement has been <br />filed with the City Clerk for consideration by the Common Council <br />of the City of South Bend, Indiana requesting that the area <br />commonly known as 100 Navarre Place, South Bend, Indiana, and <br />which is more particularly described as follows: <br />PARCEL I. The west 25 feet of Lot Numbered One Hundred Forty - <br />five (145) as shown on the original plat of the town, now City of <br />South Bend, St. Joseph County, Indiana. <br />PARCEL I: Lot Numbered One Hundred Forty -five (145) as shown on <br />the Original Plat of the Town, now City of South Bend, excepting <br />1 <br />1 <br />