Confirming Tax abatement - 1015 North Frances Street - Peter and Nancy Kilpatrick

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1200 COUNTY-CITY BUILDING 227 W. JI~~ERSON BOULI'VARD SOUTH BEND, INDIANA 46601-1830 PIIONE 574! 235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY BL ECONOMIC DEVELOPMENT ,JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: KILPATRICK, PETER & NANCY DATE: October 5, 2009 On October 2, 2009, a petition for residential tax abatement consideration for real property located at 1015 North Frances Street was filed with the City Clerk by Peter and Nancy Kilpatrick. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Peter and Nancy Kilpatrick intend to construct an approximate 3,500 square foot, single-family home. The home will be two stories high. It will have eight rooms and a finished basement. The project is part of the Notre Dame Avenue Housing Program. The cost of the home will be approximately $615,000. Total taxes to be abated during the (5) five-year abatement period are estimated at $2,216. Total taxes to be paid during the (5) five-year abatement period are estimated at $33,746. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT' 574/235-9660 574/235-9371 ELIZABETH LEONARD FAX: 574/235-9697 574/235-9371