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08-11-08 Common Council Minutes
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08-11-08 Common Council Minutes
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9/4/2008 10:47:45 AM
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REGULAR MEETINGAUGUST 11, 2008 <br /> <br /> <br />that can be reasonably expected to result from the proposed described <br />redevelopment; and <br />D. That the totality of benefits is sufficient to justify the requested deduction, <br />all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. <br />E. The deduction will not be allowed unless the dwelling is rehabilitated to <br />meet local code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is <br />completed within five (5) calendar years from the date of the adoption of <br />this Resolution by the Common Council. <br /> <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as a Residentially Distressed Area for the purposes <br />of tax abatement. Such designation is for Real property tax abatement only and is limited <br />to five (5) calendar years from the date of adoption of the Declaratory Resolution by the <br />Common Council. <br /> <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of five (5) years, and <br />further determines that the petition complies with Chapter 2, Article 6, of the Municipal <br />Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. <br /> <br />SECTION VI. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br /> <br /> <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br /> <br />Mr. Richard Kidder, 54338 Ivy Road, South Bend, Indiana, made the presentation for this <br />bill. <br /> <br />Mr. Kidder advised that he and his wife intend to construct a 2,800 square foot, single- <br />family, owner-occupied home. The home will have three bedrooms and three bathrooms <br />with a kitchen, dining room, library, laundry room, and mud room. The price of the <br />home will be approximately $415,000. <br /> <br />A Public Hearing was held on the Resolution at this time. <br /> <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember Varner made a motion to adopt this <br />Resolution. Councilmember Oliver Davis seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of seven (7) ayes. <br /> <br />BILL NO. 08-72 A RESOLUTION CONFIRMING THE <br /> ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN <br /> AREAS WITHIN THE CITY OF SOUTH <br /> BEND, INDIANA, COMMONLY <br /> KNOWN AS 4201 LINDEN AVENUE AS <br /> AN ECONOMIC REVITALIZATION <br /> AREA FOR PURPOSES OF UP TO A <br /> SEVEN (7) YEAR REAL PROPERTY <br /> TAX ABATEMENT FOR FOXTROT <br /> REALTY CORPORATION <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 8 <br /> <br />
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