10-11-10 Council Agenda & Packet

Home Browse Search

STATEMENT OF BENEFITS 20 PAY 20 REAL ESTATE IMPROVEMENTS State Form 51767 (R211-07) FORM SB -1 l Real Property ,. Prescribed by the Department of Local Government Finance This statement is being completed for real property that qualifies under the following Indiana Code (check one box): I] Redevelopment or rehabilitation of real estate improvements (IC 6- 1.1- 12.1 -4) ❑ Eligible vacant building (1C 6- 1.1- 12.1 -4.8) INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction - "Pro/ects "planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6- 1.1 -12. t) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilita €ion, BEFORE a deduction may be approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERA/VBD, Whichever is applicable, must be filed with the County Auditor by the later of.- (1) May 10; or (2) thirty (30) days after the notice of addition to assessed valuation or new assessment is mailed to the property owner at the address shown on the records of the township assessor. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF -1 /Real Property annually to the application to show compliance with the Statement of Benefits, [IC 5 -1.1- 12.1- 5.1(b) and IC fi -1.1- 12.1 5.3QJ] 5. The schedules established under iC 6 -1.1- 12.1 -4(d) for rehabilitated property and under IC 6 -1.1- 12.1- 4.8(i) for vacant buildings apply to any statement of benefits approved on or after July 1, 2000. The schedules effective prior to July 1, 2000, shall continue to apply to a statement of benefits filed before July 1, 2000. Name of taxpayer Kruoali and Markus Krusche NOTE: Pursuant to IC 6 -1.1- 12.1 -5.1 (d) (2) the COST of the property is confidential. REAL ESTATE IMPROVEMENTS COST I ASSESSED VALUE Current values 3U UUU.VU :3U UUU.UU Plus estimated values of proposed project 450,000.00 450 000.00 Less values of any property being replaced 0.00 0.00 Net estimated values upon completion of project 480,000.00 480,000.00 Estimated solid waste converted (pounds) Other benefits Estimated s CITY O i;. t preby certify that the representations in this statement are true. Si lure of authorized represen tine Title Date signed (month, day, year) Prof. 09/1712010 Page 1 of 2