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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 />ABATEMENT QUALIFICATION <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/Tyne Resolution No. Date <br />5-year real property 3697-07 February 19, 2007 <br />5-year real property 3551-06 January 9, 2006 <br />5-year real property 3494-OS July 25, 2005 <br />5-year real property 3481-OS June 27, 2005 <br />5-year real property 3398-04 October 25, 2004 <br />5-year real property 3352-04 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 fora (5) five-year residential tax abatement under Section 2-77.1, Single Family <br />Residential Construction. <br />~'°'; r <br />0 C-~ - 6 201 <br />,.~.-----.,n~: <br />s~~,tt ~soo ~~,'~, t_. <br />