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REGULAR MEETING JULY 13, 1998
<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
<br />the 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
<br />of 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
<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/ 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 asked for the Council's support in continuing the
<br />residential abatements. Council Member Aranowski made a motion
<br />to adopt this resolution, seconded by Council Member Varner. The
<br />resolution was adopted by a roll call vote of eight ayes.
<br />RESOLUTION NO. 2645 -98 A RESOLUTION CONFIRMING THE ADOPTION OF
<br />A DECLARATORY RESOLUTION DESIGNATING
<br />CERTAIN AREAS WITHIN THE CITY OF SOUTH
<br />BEND, INDIANA, COMMONLY KNOWN AS LOTS
<br />#18, 19, 20, 22, 27, 28, 29, 30, 31, 32,
<br />33, 34, 35, 92, 93, 94, 95, 96, 161,
<br />162, 164, 166, 167 KENSINGTON FARM
<br />SECTION 6, PART II AND LOTS 24 AND 25
<br />KENSINGTON FARMS ESTATES SECTION 4, PART
<br />II RESIDENTIALLY DISTRESSED AREAS FOR
<br />PURPOSES OF A FIVE (5) YEAR RESIDENTIAL
<br />REAL PROPERTY TAX ABATEMENT FOR ROJO
<br />DEVELOPMENT, INC.
<br />WHEREAS, the Common Council of the City of South Bend, Indiana,
<br />has adopted a Declaratory Resolution designating certain areas
<br />within the City as Residentially Distressed Areas for the purpose
<br />of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the areas commonly
<br />known as AS Lots #18, 19, 20, 22, 27, 28, 29, 30, 31, 32, 33, 34,
<br />35, 92, 93, 94, 95, 96, 161, 162, 164, 166, 167 Kensington Farm
<br />Section 61 Part II and Lots 24 and 25 Kensington Farms Estates
<br />Section 4, Part II, South Bend, Indiana, and which are more
<br />particularly described as follows:
<br />Address Legal Description Key Number
<br />C
<br />D
<br />
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