07-28-97 Council Meeting Minutes

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REGULAR MINUTES JULY 28, 1997 SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6 -1.1- 12.1 -2, the rehabilitation must meet all local code standards for habitability as a specific condition of having such properties be designated as residentially distressed areas. SECTION X. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Roland Kelly Member of the Common Council A public hearing was held on the resolution at this time. Council Member Broden reported that the Community and Economic Development Committee had met on this resolution and recommended it to the Council favorable. Anne Bockenkemp, executive director of Neighborhood Housing Services, She reported they have been working in this target area to upgrade the homes. She indicated they were requesting tax abatement for two homes which will cost around $68,000 each, tax abatement was an intregal part of the salability of the homes and the Consortium will provide matching grants so the cost will be approximately $55,000. Council Member Broden made a motion to adopt the resolution, seconded by Council Member Hosinski. The resolution was adopted by a roll call vote of nine ayes. Council Member Varner made a motion to combine public hearing on the next two resolutions, seconded by Council Member Broden. The motion carried. RESOLUTION NO. 2490 -97 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND.DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 2722 TUCKER DRIVE, SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR STEEL WAREHOUSE CO., INC. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 2722 Tucker, South Bend, Indiana, and which is more particularly described as follows: Beginning at a point on the east line of the southwest 1/4 of the northwest 1/4 of said Section 15, 580.64 feet south of the northeast corner of said southwest 1/4 of the northwest 1/4, said point being 172.0 feet north of the north right of way line of the Indiana Northern Railway Company, thence westerly parallel with said north right -of -way line 565 feet to the southwest corner of a tract of land conveyed to Stanley Enterprises, Inc. By a deed recorded October 16, 1993 in Deed Record 777, page 226; thence north along the west line of said Stanley Enterprises, Inc. tract, said line being parallel with the est line of said southwest 1/4 of the northwest 1/4, 323.0 feet to the south line 1 1