09-13-10 Council Agenda & Packet

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CITY ®~ S®i7TH BEl1II3, Il~I3IANA IPETI"I'1i41~i F~It ~lESIIIIENTIAL TAX A~ATEI~ENT ~~1~SII3E.RATI®1~ The undersigned owner(s) of real ,property, located 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 I.C., 6-l,1-12.1-I, et-sea., and South Bend iVlunicipal-Code See. 2-76 et sea.. for this petition states the fallowing: 1. Describe the proposed construction project, including infartnation about square footage, number of rooms, amenities, the amount of land to he used, the proposed use of the improvements, anal a general statement as to the importance of the project (use additional sheet for long project descriptions}; 135 - 2 story 2850 square feet 3 bedroom 136 - 2 story 3000 square feet 4 bedroom, finished lower level 2. Estimate the dollar value of the construction project {do not include land cast): $ 1,050.000.00 The real property for which tax abatement consideration is petitioned {Property) is owned or to be owned by the following individuals} 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 Conunission}: IV'ame Address Interest Snyder Custom. ]Builders, Inc P.O. Box 6035, South ]Bend, IN 46660... Owner 4, The can~manly known address of the Property is: 727 East Corby Street_ and having tax key no.: 018-5107-3766 _ {use additional sheet for multiple addresses ar key numbers). 5. A legal description of said Property(s} is attached hereto, marked Exhibit `A', and is incorporated herein. d. A map and/or plat indicating the location of the Praperty(s) is attached hereto, marked Exhibit `B', and is incorporated herein. The current assessed valuation of the property before construction is $ _74,700 (use additional sheet for multiple addresses). {This information may be abtaiaed from the St, Joseph County Assessor's Office 235-9523) 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 aid in .2010 = 1 919.84 2008 maid in 2009 = $2 792 29 (This infottnation maybe obtained from the St. Joseph County "Treasurers office 235-9531) 10. What is your best estimate of the offer completion market value of the property: $ 1,180,1100.00 11. I~To 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 naay be issued after the South Bend Common Council has approved the Declaratory Resolution (Tax abatement is not available if a building permit has already been issued). The signature below is verification of this statement. 1