10-11-10 Council Agenda & Packet

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! M I' TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: KENDALL- WEISS, LLP 219, 222, 224, 228, and 231 South Notre Dame Avenue and 827 East Wayne St. DATE: August 15, 2007 On August 15, 2007, a petition for residential tax abatement consideration for real property Iocated at 219, 222, 224, 228, and 231 South Notre Dame Avenue and 827 East Wayne Street was filed with the City Clerk by Kendall- Weiss. 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 1.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. Kendall -Weiss intends to construct (6) six, new, single - family homes on approximately 0.06 acres of land. The homes will consist of approximately 1,800 square feet and will include three bedrooms, a basement, and an attached two car garage. The average cost of the homes will be approximately $195,000. Possible infrastructure improvements will consist of new curbs and sidewalks, replacement of water service taps, and asphalt resurfacing of the alleys. Total taxes to be abated during the five -year (5) abatement period is estimated at $10,262 per home for a total tax abatement of $61,572 for the 6 homes.