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REGULAR MEETING NOVEMBER 24, 1997 <br />property owner is qualified for and is granted property tax <br />deduction for a period of five (5) years. <br />SECTION VII. 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 VIII. The Common Council further exercises its authority <br />to waive certain compliance requirements of Indiana Code 6 -1.1- <br />12.1-1 et seq., as permitted by Indiana Code 6 -1.1- 12.1- 11.3(c), <br />to the extent necessary to give effect to this Resolution, with <br />such waiver taking place after public hearing. Without limiting <br />the general scope of this waiver, the Common Council hereby <br />approves Form SB -1 Statement of Benefits and specifically waives <br />the Petitioner's failure to submit said Statement of Benefits to <br />the Common Council before initiating the redevelopment project, <br />in accordance with Indiana Code 6 -1.1- 12.1- 11.3(a)(2). The <br />Common Council further finds that each of the additional findings <br />required pursuant to Indiana Code 6 -1.1- 12.1 -2 have been met, and <br />that the property located at 2520 W. Calvert Street is declared a <br />residentially distressed area. <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/ Roland Kelly <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. <br />Council Member Broden reported that the Community and Economic <br />Development Committee had met on this bill and recommended it to <br />the Council favorable. Council Member Coleman made a motion to <br />accept the substitute bill on file with the City Clerk, seconded <br />by Council Member Hosinski. The motion carried. Tom Ford, <br />president of Value Plus Construction, made the presentation for <br />the bill. He reported that when they built the home on Calvert <br />it was sold to Beverly King. He informed the Council that <br />Beverly King deserves the abatement. Council Member Broden made <br />a motion to adopt the resolution, as amended, seconded by Council <br />Member Coleman. The resolution was adopted by a roll call vote <br />of nine ayes. <br />BILLS, FIRST READING <br />BILL NO. 113 -97 A BILL OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, AMENDING VARIOUS <br />SECTIONS WITHIN CHAPTER 2, ARTICLE 6, <br />ENTITLED TAX ABATEMENT PROCEDURES OF THE <br />SOUTH BEND MUNICIPAL CODE <br />This bill had first reading. Council Member Broden made a motion <br />to refer this bill to the Community and Economic Development <br />Committee, and set it for public hearing and third reading on <br />December 8, seconded by Council Member Pfeifer. The motion <br />carried. <br />BILL NO. 114 -97 A BILL OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA AMENDING CHAPTER 2 OF THE <br />SOUTH BEND MUNICIPAL CODE <br />