08-09-10 Council Agenda & Packet

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, Iocated within the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property tax abatement consideration and pursuant to 1.C., 61.1- 12.1 -1, et sea.. and South Bend Municipal Code Sec. 2.76 et sea.. for this petition states the following: 1. Describe the proposed construction project, including information about square footage, numbers of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project (use additional sheet for long project descriptions): I will be building a 2 st single family as m rima residece. I antic approximate the house will be square feet with bedrooms and 4 baths and 2 half baths. It will include a front yorch, a two car gLrage, and a finished basement. As a current resident of Cla Townshi affiliated with the Universi of Notre Dame it is important to me to live in the ci of South Bend and close to work. I feel this is an environmental l res onsible choice that also allows me to take full advantage of both the events and amenities the city and University have to offer. 2. Estimate the dollar value of the construction project (do not include land cost): L61Q,000. 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporations (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Name Address Interest Patrick Perrella 50660 Woodbuiy Way 100% Granger, IN 46530 4. The commonly known address of the Property is: 902 N. St. Peter Street and having tax key no.: 01&5107,3786. 5. A legal description of said Property(s) is attached hereto, marked Exhibit A, and is incorporated herein, 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. 7. The current assessed valuation of the property before construction is 12 000. 8. Photographs of the Property, taken within two (2) weeks of the filing of this petition, are attached hereto, marked Exhibit C, and incorporated herein. 9. List the real property taxes paid at the location during the previous two years, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): 2009 - $ 308.40 200$_- $ 180.34 (This information may be obtained from the St. Joseph County Treasurers office, 235.9531) 10. What is your best estimate of the after completion market value of the property: $ 650,000 I1. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit may be issued after the South Bend