Laserfiche WebLink
REGULAR MEETING <br />JUNE 10, 1996 <br />yield benefits identified in the Statement of Benefits and the <br />petition for real property tax abatement consideration and that the <br />Statement of Benefits form prescribed by the State Board of <br />Accounts are sufficient to justify the deduction granted under <br />Indiana Code 6 -1.1- 12.1 -3. <br />SECTION V. The Common Council hereby accepts the report and <br />recommendation of the Community and Economic Development Committee <br />that the areas herein described be designated as Residentially <br />Distressed Areas and hereby adopts a Resolution designating these <br />areas as Residentially Distressed Areas for purposes of real <br />property tax abatement. <br />SECTION VI. The designation as a Residentially Distressed Areas <br />shall be limited to five (5) calendar years from the date of the <br />adoption of this Resolution by the Common Council. <br />SECTION VII. The Common Council hereby determines that the <br />property owner is qualified for and is granted property tax <br />deduction for a period of five (5) years. <br />SECTION VIII. 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 5- <br />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 IX. Pursuant to Indiana Code 6 -1.1- 12.1 -2, the <br />rehabilitation must meet all local code standards for habitability <br />as a specific condition of having such properties be designated as <br />residentially distressed areas. <br />SECTION X. This Resolution shall be in full force and effect from <br />and after its adoption by the Common Council and approval by the <br />Mayor. <br />/s/ Roland Kelly <br />Member of the Common Council <br />RESOLUTION NO. 2368 -93 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS LOTS 5, 6, & <br />7, JACKSON SUB (UNRECORDED) ADDITION AS <br />RESIDENTIALLY DISTRESSED AREAS FOR <br />PURPOSES OF A FIVE (5) YEAR REAL PROPERTY <br />RESIDENTIAL TAX ABATEMENT FOR VALUE PLUS <br />CONSTRUCTION, INC. <br />WHEREAS, a Statement of Benefits and a petition for real property <br />tax abatement has been submitted to and filed with the City Clerk <br />for consideration by the Common Council of the City of South Bend, <br />Indiana requesting that the areas commonly known as Lots 5, 6 & 7, <br />Jackson Sub (Unrecorded), South Bend, Indiana, and which are more <br />particularly described as follows: <br />LOTS 5,6, & 7, JACKSON SUB (UNRECORDED) <br />which has tax key number 18 -2111 4089, 18 2111 4088 and 18 2111 <br />4084, respectively be designated as Residentially Distressed Areas <br />under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South <br />Bend Municipal Code Sections 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 -1.1- <br />12.1, et sea., and South Bend Municipal Code Sections 2 -76, et <br />sea., and has further prepared maps and plats showing the <br />