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REGULAR MEETING MAY 12, 2008 <br /> <br /> <br /> <br />SECTION IV. The Common Council hereby determines and finds that the proposed <br />described redevelopment can be reasonably expected to yield benefits identified in the <br />Statement of Benefits and the petition for real property tax abatement consideration and <br />that the Statement of Benefits form prescribed by the State Board of Accounts are <br />sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. <br /> <br />SECTION V. The Common Council hereby accepts the report and recommendation of <br />the Community and Economic Development Committee that the area herein described be <br />designated as a Residentially Distressed Area and hereby adopts a Resolution designating <br />this area as a Residentially Distressed Area for purposes of real property tax abatement. <br /> <br />SECTION VI. The designation as a Residentially Distressed Area shall be limited to five <br />(5) calendar years commencing from November 12, 2008, or the date of the adoption of <br />this Resolution by the Common Council whichever date is later. <br /> <br />SECTION VII. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br /> <br />SECTION VIII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br />pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication <br />providing notice of the public hearing before the Common Council on the proposed <br />confirming of said declaration. <br /> <br />SECTION IX. Pursuant to Indiana Code 6-1.1-12.1-2, the rehabilitation must meet all <br />local code standards for habitability as a specific condition of having such property <br />designated as a residentially distressed area. <br /> <br />SECTION X. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br /> <br /> s/Timothy A. Rouse <br /> Member of the Common Council <br /> <br /> <br />RESOLUTION NO. 3865-08 A RESOLUTION OF THE COMMON COUNCIL <br /> OF THE CITY OF SOUTH BEND <br /> DESIGNATING CERTAIN AREAS WITHIN THE <br /> CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS THE VILLAS AT <br /> LAKE BLACKTHORN – SECTION II, <br /> LOCATED ON APPROXIMATELY 2.7 ACRES <br /> NORTH OF BRICK ROAD, EAST OF ORANGE <br /> ROAD AND WEST OF THE U.S. 31 BYPASS AS <br /> RESIDENTIALLY DISTRESSED AREAS FOR <br /> PURPOSES OF A (5) FIVE-YEAR <br /> RESIDENTIAL REAL PROPERTY TAX <br /> ABATEMENT FOR COOREMAN REAL <br /> ESTATE GROUP, INC. <br /> <br /> <br />WHEREAS, a Statement of Benefits and a petition for residential real property tax <br />abatement have been submitted to and filed with the City Clerk for consideration by the <br />Common Council of the City of South Bend, Indiana, requesting that the area commonly <br /> <br />known as 6735BLACKTHORN HARBOR DRIVE, 6747 BLACKTHORN HARBOR <br />DRIVE (OR 4808 ORANGE ROAD), 4736 ORANGE ROAD (OR 6740 <br />BLACKTHORN HARBOR DRIVE) AND 6716 BLACKTHORN HARBOR DRIVE <br />(OR 4739 PORTSIDE DRIVE) ALL IN THE VILLAS AT LAKE BLACKTHORN – <br />, <br />SECTION II South Bend, Indiana, and which is more particularly described as follows: <br /> <br /> <br />LEGAL DESCRIPTION: THE VILLAS AT LAKE BLACKTHORN, SECTIONTWO <br /> 14 <br /> <br />