11-23-98 Council Meeting Minutes

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REGULAR MEETING NOVEMBER 23, 1998 2231, 2232, 2238 South Prospect Street and 5045 and 5051 West Colfax Street, South Bend, Indiana, and which are more particularly described as follows: Street Address Legal Description Key Number 2114 South Prospect Street Lot 300A Homeland 1st Re 18- 8107 -4043 2122 South Prospect Street Lot 302A Homeland 1st Re 18- 8107 -4045 2204 South Prospect Street Lot 303A Homeland 1st Re 18- 8107 -4046 2210 South Prospect Street Lot 305 Homeland 1st Re 18- 8107 -4048 2214 South Prospect Street Lot 306 Homeland 1st Re 18- 8107 -4049 2222 South Prospect Street Lot 307A Homeland 1st Re 18- 8107 -4050 2226 South Prospect Street Lot 309A Homeland 1st Re 18- 8107 -4052 2232 South Prospect Street Lot 310A Homeland 1st Re 18- 8107 -4053 2238 South Prospect Street Lot 31 IA Homeland 1st Re 18- 8107 -4056 2101 South Prospect Street Lot 330A Homeland 1st Re 18- 8108 -4091 2107 South Prospect Street Lot 329A Homeland 1st Re 18- 8108 -4092 2111 South Prospect Street Lot 327A Homeland 1st Re 18- 8108 -4094 2117 South Prospect Street Lot 326A Homeland 1st Re 18- 8108 -4095 2123 South Prospect Street Lot 325A Homeland 1 st Re 18- 81084096 2205 South Prospect Street Lot 323A Homeland 1st Re 18- 8108 -4098 2213 South Prospect Street Lot 322A Homeland 1st Re 18- 8108 -4099 2219 South Prospect Street Lot 320A Homeland 1st Re 18- 8108 -4101 2225 South Prospect Street Lot 319A Homeland 1st Re 18- 8108 -4102 2231 South Prospect Street Lot 317A Homeland 1 st Re 18- 8108 -4104 5045 West Colfax Street Lot 175 -76 Portage Gardens 18- 2224 -8407 5051 West Colfax Street Lot 173 -74 Portage Gardens 18- 2224 -8406 as a Residentially Distressed Area; under provisions of Indiana Code 6.1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et seq., and; be designated.as Residentially Distressed Areas under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the areas qualify as Residentially Distressed Areas under Indiana Code 6- 1.1-12.1, et seq., and South Bend Municipal Code Sections 2 -76, et seer., and has further prepared maps and plats showing the boundaries and such other information regarding the areas in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the areas qualify as Residentially Distressed Areas. 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 seq., for tax abatement. SECTION II. The Common Council hereby determines and finds that the areas: herein are found to meet state law requirements more particularly set forth in Indiana Code 6- 1.1- 12.1 -2 and the Common Council hereby makes the following additional findings for the areas listed herein: 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; OR B. A significant of dwelling units in the areas are:' U