08-14-95 Council Meeting Minutes

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Council to determine that the area qualifies as a Residentially Distressed Area under Indiana Code 6- 1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as a Residentially Distressed Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indian a Code 6 -1.1- 12.1 -1, et seq., for tax abatement. SECTION A. That the description of the proposed redevelopment meets the applicable standards for such development; B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3 SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment can be reasonably expected to yield benefits identified in the Statement of Benefits set forth as Section I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as a Residentially Distressed Area and hereby adopts a Resolution designating this area as a Residentially Distressed Area for purposes of real property tax abatement. SECTION V. The designation as a Residentially Distressed Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. Pursuant to Indiana Code §6 -1.1- 12.1 -3, the Petitioner must meet all local code standards for habitability as specific conditions of having such properties being designated residentially distressed areas. SECTION IX. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Eugene Ladewski Member of the Common Council A public hearing was held on the resolution at this time. Council Member Kelly reported there was no committee report, since the petitioner did not attend the committee meeting. Council Member Luecke made a motion to hear this resolution without a report, seconded by Council Member Slavinskas. The motion carried. Council Member Slavinskas made a motion to amend this bill on page 2, section 4, second line, instead of the word Committee, it should read "Department ", Section 8 should become Section 9, and add a new Section 8 to read "Pursuant to Indiana Code §6 -1.1- 12.1 -3, the Petitioner must meet all local code standards for habitability as specific conditions of having such properties being designated residentially distressed areas. ", seconded by Council Member Coleman. The motion carried. Tom Ford, president of Value Plus, made the presentation for the resolution. He indicated type of abatement was a wonderful asset to low- income families. Council Member Luecke made a motion that in accordance with the August 9, Commnunity and Economic Development Department's report, on file with the City Clerk, this abatement meets all criteria and should be adopted by the Council, seconded by Council Member Slavinskas. The resolution was adopted by a roll call vote of eight ayes. RESOLUTION NO. 2275 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1702 & 1706 NORTH KALEY STREET, 1902 & 1933 NORTH MEADE STREET, 1934, 1940 & 2004 NORTH FREMONT STREET, 2021 NORTH OLIVE STREET A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A FIVE (5) YEAR REAL