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South Bend Common Council <br />RE. Kendall- Weiss, LLP <br />August 15, 2007 <br />Page 2 <br />Total taxes to be paid - during the five -year (5) abatement period for each home is estimated at $8,616 per <br />home resulting in $51,696 being paid for the 6 homes. <br />1. A review of the tax abatements previously granted finds that the petitioner has been associated <br />with or been granted the following previous tax abatements. <br />Term /Type Resolution No. <br />]Date <br />5 -year real property 3697 -07 <br />February 19, 2007 <br />5 -year real property 3551 -06 <br />January 9, 2006 <br />5 -year real property 3494 -05 <br />July 25, 2005 <br />5 -year real property 3481 -05 <br />June 27, 2005 <br />5 -year real property 3398 -04 <br />October 25, 2004 <br />5 -year real property 3352 -04 <br />July 12, 2004 <br />2, The Building Commissioner has reviewed this petition and finds the properties to be properly zoned <br />for the proposed project. <br />3. A review of the South Bend Redevelopment designation areas finds that the property is not located <br />in any Tax Incremental Allocation Areas; therefore, no action is required by the South Bend <br />Redevelopment Commission. <br />4. A review of the Tax .Abatement Ordinance No. 9394 -03 finds that the petitioner meets the <br />qualifications'for a (5) five -year residential tax abatement under Section 2- 7.7.1, Single Family <br />Residential Construction. <br />•Frr: <br />('--m yY.4 <br />