08-10-98 Council Meeting Minutes

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REGULAR MEETING AUGUST 10. 1998 WHEREAS, a Declaratory Resolution designated the areas commonly known as 2918 and 2924 Elwood, 2516 Bergan Street, 2005 and 2045 Meade Street, and 1350 Bissell Street, South Bend, Indiana, and which are more particularly described as follows: Street Address Legal Description Ka Number 2918 Elwood* Lot 149 Lincoln Terrace Plat 18- 2041 -1412 Lot 150 Lincoln Terrace Plat 18- 2041 -1411 2924 Elwood* Lot 151 Lincoln Terrace Plat 18- 2041 -1410 Lot 152 Lincoln Terrace Plat 18- 2041 -1409 2516 Bergan Street Lot 549 Vernon Heights Add. 18- 2096 -3601 2005 Meade Street Lot 525 Vernon Heights Add. 18- 2095 -3579 2045 Meade Street Lot 520 Vernon Heights Add. 18- 2095 -3562 1350 Bissell* Lot 78 Park Place Second Plat 18 -5086 -3063 Lot 23 No. Sunnyside 2nd Add 18 -5086 -3076 (* Two lots will be combined into one build able lot) as Residentially Distressed Areas; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed areas have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et sea., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. A significant number of dwelling units within the areas are not permanently occupied or a significant number of parcels in the areas are vacant land; B. A significant number of dwelling units in the areas are: i. the subject of an order issued under IC36 -7 -9; or ii. evidencing significant building deficiencies; C. The Areas have experienced a new loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States. D. The areas (plus any areas previously designated) do not exceed ten percent (10 %) of the total area within the designating body's jurisdiction. E. That the description of the proposed redevelopment meets the applicable standards for such development. F. That the estimate of the value of the redevelopment is reasonable for projects of this nature; G. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets