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REGULAR MEETING <br />MARCH 11 1996 <br />the areas are owned by Indiana or the United States. <br />D. The areas (plus any previously designated) do not exceed <br />ten percent (10 %) of the total area within the designating body's <br />jurisdiction. <br />E. That the description of the proposed redevelopment meets <br />the applicable standards for such development. <br />F. That the estimate of the value of the redevelopment is <br />reasonable for projects of this nature; <br />G. That the other benefits about which information was <br />requested are benefits that can be reasonably expected to result <br />from the proposed described redevelopment; and <br />H. That the totality of benefits is sufficient to justify <br />the requested deduction, all of which satisfy the <br />requirements of Indiana Code 6- 1.1 -12 -3. <br />SECTION III. The Common Council also hereby determines and finds <br />the following: <br />A. The deduction will not be allowed unless the swelling is <br />rehabilitated to meet local Code standards for habitability. <br />B. The deduction will not be allowed unless the swelling <br />rehabilitation is completed within two (2)calendar years from the <br />date of the adoption of this resolution by the Common Council. <br />SECTION IV. The Common Council hereby confirms its Declaratory <br />Resolution designating the areas described herein.as <br />Residentially Distressed Areas for the purpose of tax abatement. <br />Such designation is for Real property tax abatement only and is <br />limited to two (2) calendar years from the date of adoption of <br />the Declaratory Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the <br />property owners is qualified for and is granted Real property tax <br />deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6 -1.1- <br />12.1 et sea. <br />SECTION VI. 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 Mary <br />Booth, 817 Donmoyer, made the presentation for the resolution. <br />She indicated they appreciated the Council's support by granting <br />this abatement. She indicated they anticipate starting <br />construction in another week or so. Council Member Coleman made <br />a motion to adopt this resolution, seconded by Council Member <br />Washington. The resolution was adopted by a roll call vote of <br />nine ayes. <br />BILLS, FIRST READING <br />BILL NO. 14 -96 A BILL TO VACATE THE FOLLOWING DESCRIBED PROPERTY: <br />A PART OF THE SOUTHEAST QUARTER OF SECTION 1, <br />TOWNSHIP 37 NORTH, RANGE 2 EAST, PORTAGE TOWNSHIP, <br />CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, <br />AND ALSO BEING A PART OF LOT 8 AS SHOWN ON THE <br />RECORDED PLAT OF SORIN'S FIRST ADDITION TO THE <br />TOWN OF LOWELL IN BOOK 1, PAGE 53 IN THE OFFICE OF <br />THE ST. JOSEPH COUNTY, INDIANA RECORDER'S OFFICE <br />AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: <br />BEGINNING AT THE INTERSECTION OF THE EAST RIGHT OF <br />WAY LINE OF NOTRE DAME AVENUE AND THE SOUTH RIGHT <br />OF WAY LINE OF THE FIRST EAST /WEST ALLEY SOUTH OF <br />SOUTH BEND AVENUE; THENCE EAST ALONG SAID SOUTH <br />