Notice of Adoption of a Resolution and Notice of Public Hearing

The Goshen Common Council passed Resolution 2018-38 on July 3, 2018 declaring the
designation of the Middlebury Street Economic Revitalization Area in the 700-Block of Middlebury Street, Goshen, Indiana for the purpose of phasing-in certain real property taxes in connection with the redevelopment of real estate by LaCasa, Inc.

The proposed redevelopment project for which the tax phase-in would apply is for the new
construction of 20 multi-family units which will consist of 4, 5-unit buildings. The units will be
made available for rent at affordable rates to households at or below 50% area median income. As proposed, the term of the designation of the Middlebury Street Economic Revitalization Area shall be limited to a period of ten (10) years and expire in 2032. LaCasa would be entitled to make application for a deduction from the assessed value of the real property applicable to the redeveloped real estate for ten (10) years at 100% in an amount not to exceed a cost of $3,880,395.

A description and map of the proposed economic revitalization area is available and can be
inspected at the Elkhart County Assessor’s Office at 117 North Second Street, Goshen, Indiana.
Resolution 2018-38 in its entirety may also be inspected during regular business hours at the Goshen Clerk-Treasurer’s Office at 202 South Fifth Street, Goshen, Indiana

The Goshen Common Council, at a meeting on July 17, 2018 at 7 p.m., will hold a public
hearing to receive and hear all remonstrances and objections from interested persons concerning this designation. The hearing will be held in the City Court Room/Council Chambers at the Goshen Police & Court Building, 111 East Jefferson Street, Goshen, Indiana. After considering the evidence, the Common Council will take final action in determining whether the qualifications for an economic revitalization area have been met, and will then confirm, modify and confirm, or rescind Resolution 2018-38.