6A(1) Resolution No. 2730 - Laserfiche WebLink

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TAX ABATEMENT REPORT TO: SOUTH BEND REDEVELOPMENT COMMISSION FROM: BOB MATHIA SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: PERRELLA, PATRICK. DATE: July 15, 2010 On July 14, 2010, a petition for residential tax abatement consideration for real property located at 902 N. St. Peter Street was filed with the City Clerk by Patrick Perrella. 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 Patrick Perrella intends to construct an approximate 3,350 square foot, single-family home as his primary residence. The home will be two stories. It will have four bedrooms, four bathrooms, two half bathrooms, a front porch, a finished basement and atwo-car garage. The project is part of the Notre Dame Avenue Housing Program and as such will follow the design specifications and standards required by that program. The cost of the home will be approximately _$630,000. Total taxes to be abated during the (5) five-year abatement period are estimated at $1,893. Total taxes to be paid during the (5) five-year abatement period are estimated at $33,531.