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REGULAR MINUTES AUGUST 11, 1997
<br />A public hearing was held on the resolution at this time. Sue
<br />Clarke, a representative of Dave Coker, made the presentation for
<br />the resolution. She reported they were requesting tax abatement
<br />for these five lots in order that new homes can be built in a
<br />distressed area. Council Member Pfeifer made a motion to adopt
<br />this resolution, seconded by Council Member Broden. The
<br />resolution was adopted by a roll call vote of nine ayes.
<br />RESOLUTION NO. 2498 -97 A RESOLUTION OF THE COMMON COUNCIL OF
<br />THE CITY OF SOUTH BEND DESIGNATING
<br />CERTAIN AREAS WITHIN THE CITY OF SOUTH
<br />BEND, INDIANA, COMMONLY KNOWN AS 125,
<br />127, 133, 137, 201, 209, 229, 235, 243
<br />AND 301 EAST BROADWAY STREET AS
<br />RESIDENTIALLY DISTRESSED AREAS FOR
<br />PURPOSES OF A FIVE (5) YEAR REAL
<br />PROPERTY RESIDENTIAL TAX ABATEMENT FOR
<br />AMERICAN HOME DREAMS, INC.
<br />WHEREAS, a Statement of Benefits and a
<br />tax abatement has been submitted to and
<br />for consideration by the Common Council
<br />Bend, Indiana requesting that the areas
<br />127, 133, 137, 201, 209, 229, 235, 243,
<br />South Bend, Indiana, and which are more
<br />petition for real property
<br />filed with the City Clerk
<br />of the City of South
<br />commonly known as 125,
<br />and 301 E. Broadway,
<br />particularly described as
<br />follows:
<br />125 E. Broadway
<br />127 E. Broadway
<br />133 E. Broadway
<br />137 E. Broadway
<br />201 E. Broadway
<br />209 E. Broadway
<br />229 E. Broadway
<br />235 E. Broadway
<br />243 E. Broadway
<br />301 E. Broadway
<br />St.
<br />St.
<br />St.
<br />St.
<br />St.
<br />St.
<br />St.
<br />St.
<br />St.
<br />St.
<br />Part of lots 18
<br />Part of lots 19
<br />Part of lots 20
<br />Part of lots 21
<br />Part of lots 63
<br />Part of lots 64
<br />Part of lots 70
<br />Part of lots 71,
<br />Lot 73, Haney's
<br />Lot 326, Wenger
<br />& 19, Haney's Add.
<br />& 20, Haney's Add.
<br />& 21, Haney's Add.
<br />& 22, Haney's Add.
<br />& 64, Haney's Add.
<br />& 65, Haney's Add.
<br />& 71, Haney's Add.
<br />72, & 73, Haney's Add.
<br />Add.
<br />& Kreighbaum, 1st Add.
<br />which has tax key number 18 7026 1033, 18 7026 1032, 18 7026
<br />1031, 18 7026 1030, 18 7025 0998, 18 7025 0997, 18 7026 0996, 18
<br />702.5 0991, 18 7026 0990, 18 7026 0989, 18 7025 0998, 18 7025
<br />0988.01, 18 7013 0496, 18 7013 0496.01, be designated as
<br />Residentially Distressed Areas under the provisions of Indiana
<br />Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections
<br />2 -76 et sea., and;
<br />WHEREAS, the Department of Community and Economic Development has
<br />concluded an investigation and prepared a report with information
<br />sufficient for the Common Council to determine that the areas
<br />qualify as Residentially Distressed Areas under Indiana Code 6-
<br />1.1 -12.1, et @q., and South Bend Municipal Code Sections 2 -76,
<br />et sea., and has further prepared maps and plats showing the
<br />boundaries and such other information regarding the areas in
<br />question as required by law; and
<br />WHEREAS, the Community and Economic Development Committee of the
<br />Common Council has reviewed said report and recommended to the
<br />Common Council that the areas qualify as Residentially Distressed
<br />Areas.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
<br />of South Bend, Indiana, as follows:
<br />SECTION I. The Common Council hereby determines and finds that
<br />the petition for real property tax abatement and the Statement of
<br />Benefits form meet the requirements of Indiana Code 6 -1.1 -12.1 et
<br />sea., for tax abatement.
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