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REGULAR MEETING <br />JUNE 10, 1996 <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 />A public hearing was held on the resolutions at this time. Council <br />Member Coleman reported that the Community and Economic Development <br />Committee had met on these bills and recommended them to the <br />Council favorable. Tom Ford, president of Value Plus, made the <br />presentation for the resolutions. He indicated Value Plus has been <br />doing infill housing in the City, and wanted to continue with <br />building these homes. He presented a copy of the floor plan to the <br />Council. Council Member Coleman made a motion to adopt Resolution <br />No. 2366 -96, seconded by Council Member Washington. The resolution <br />was adopted by a roll call vote of nine ayes. Council Member <br />Luecke made a motion to adopt Resolution No. 2367 -96, seconded by <br />Council Member Coleman. The resolution was adopted by a roll call <br />vote of nine ayes. <br />RESOLUTION NO. 2368 -96 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA, SUBMITTING <br />THE QUESTION OF REMOVAL OF THE WATER <br />WORKS FROM THE JURISDICTION OF THE <br />INDIANA UTILITY REGULATORY COMMISSION TO <br />THE REGISTERED VOTERS OF THE MUNICIPALITY <br />WHEREAS, the City of South Bend provides water service to its <br />water utility ratepayers through the South Bend Water Works, a <br />municipal utility governed by I.C. 8 -1.5; and <br />WHEREAS, currently, all water rates and charges and the <br />issuance of stocks, bonds, notes, or other evidence of indebtedness <br />in connection with the provision of water serve to the ratepayers <br />of the City of South Bend must be approved by the Indiana Utility <br />Regulatory Commission (IURC), the Board of Water Works <br />Commissioners, Common Council and Mayor; and <br />WHEREAS, the City has the option of removing itself from the <br />jurisdiction of the IURC for the approval of rates and charges and <br />the issuance of stocks, bonds, notes or other evidence of <br />indebtedness under Indiana Code Section 8- 1.5 -3 -9; and <br />WHEREAS, the Common Council of the City of the City of South <br />Bend believes it would be beneficial to the water utility <br />ratepayers of the City of South Bend to remove the South Bend Water <br />Works from the jurisdiction of the IURC because it would eliminate <br />