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REGULAR MEETING SEPTEMBER 28, 1998 <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 recommended it to <br />the Council favorable. Dave Anthony, a representative of Phoenix <br />Development, made the presentation for the resolution. He <br />advised they proposed to construct six new homes. He indicated <br />the homes would be 1,036 square feet, with three bedrooms and two <br />baths, at an estimated cost of $69,500. He reported that this <br />construction will contribute to the revitalization of the <br />neighborhood. Council Member Broden made a motion to adopt this <br />resolution, seconded by Council Member Kelly. The resolution was <br />adopted by a roll call vote of nine ayes. <br />ESOLUTION NO. 2681 -98 A RESOLUTION <br />THE CITY OF <br />DETERMINING, <br />THE LEASE OF <br />HURON, SOUTH <br />NEIGHBORHOOD <br />NECESSARY <br />OF THE COMMON COUNCIL OF <br />30UTH BEND, INDIANA, <br />AFTER INVESTIGATION THAT <br />PROPERTY AT 2202 WEST <br />BEND, INDIANA, FOR USE AS A <br />PARTNERSHIP CENTER IS <br />WHEREAS, the Board of Public Works of the City of South Bend <br />Indiana (Board), on August 25, 1998, received a petition <br />( "Petition ") signed by fifty (50) taxpayers of the City of South <br />Bend, requesting that the Board lease the property at 2202 West <br />Huron, South Bend, Indiana, as space for a Neighborhood <br />Partnership Center, by entering into a lease agreement with REBS, <br />Inc., for a term of three years, with a monthly rental of Five <br />Hundred and Fifty Dollars ($550.00) payable on the third of each <br />month, fore a total rent of the twelve (12) month period not to <br />exceed Six Thousand Six Hundred Dollars ($6,600.00) per year; and <br />WHEREAS, the Board received on August 25, 1998, a <br />certificate of the St. Joseph County Auditor certifying that the <br />verifier of the Petition and the signatories of the Petition are <br />taxpayers of property located within the corporate limits of the <br />City of South Bend; and <br />WHEREAS, I.C. 36- 1 -10 -7 (2) requires, prior to the Board of <br />Public Works entering into a lease agreement for said premises, <br />that the Common council, determine that the premises are needed <br />and that the lease amount is reasonable. <br />1 <br />1 <br />