Laserfiche WebLink
1200 COUNTY-CITY BUILDING <br />227 W. IF~FERSON BOULEVARD <br />SOU'T'H BCND,INDIANA 4660]-1830 <br />PHONe574/235-9371 <br />FAx 574/235-)021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN 1. LUECKE, MAYOR <br />COMMUNITY HL ECONOMIC DEVELOPMENT <br />~EFFREY V. GIBNEY <br />FXECGI"IVE DIRECTOR <br />TAX ABA TEIV~ENT REPOR T <br />TO: SOUTH BEND REDEVF_.LOPMENT COMMISSION <br />FROM: BOB MATHIA ,/~ . ~''~ <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PE"ITTION FOR: <br />KRUSCHE, MARKUS & KRUPALI <br />DATE: September 22, 2010 <br />On September 2l , 2010, a petition for residential tax abatement consideration for real property located at <br />926 North St. Peter Street was tiled with the City Clerk by Markus and Krupali Krusche. Pursuant to <br />Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was <br />referred to the Department of Community and Economic Development for purposes of investigation and <br />preparation of a report determinin;„ whether the area qualifies as a Residentially Distressed Area pursuant to <br />LC.6-1.1-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />Markus and Krupali Krusche intend to construct an approximate 2,400 square foot, single-family home as <br />their primary residence. The home will have two stories with a brick exterior. It will have three bedrooms, <br />two and one-half bathrooms, a great room, a study, a dining room, a small backyard patio and an unfinished <br />basement. The project is part of the Notre Dame Avenue Housing Program and as such will follow the <br />design specifications and standards required by that program. The cost of the home will be approximately <br />$450,000. Total taxes to be abated during the (5) five-year abatement period are estimated at $1,893. Total <br />taxes to be paid during the (5) five-year abatement period are estimated at $23,367. <br />COMMUNITY DB'V81.OPM ENT ECONOMIC D6VELOPMHNT FINANCIAL IIc PROGRAM <br />PAS\IELA C. M~1'F.F DONALD I~,. INKS MANAG EM GNT <br />574/235-9660 574/235-9371 ELIZACiGI_H LEONAan <br />Fnx: 574/235-9697 >74l235-9371 <br />