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Fiscal Plan for Stadium Place Phase II Annexation Area in Clay Township
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Fiscal Plan for Stadium Place Phase II Annexation Area in Clay Township
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Last modified
11/3/2010 3:41:28 PM
Creation date
11/3/2010 3:41:28 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
10/25/2010
Ord-Res Number
4062-10
Bill Number
10-60
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Stadium Village Annexation Area 4 <br />The properties are currently single-family residential in the County. <br />F. Zoning & Subdivisions <br />Stadium Place Developers LLC are seeking annexation and rezoning to Planned Unit <br />Development ~~PUD" into the City for the purposes of receiving municipal services for the <br />development of 21 rental units in one three-story buildings. This is in addition to three <br />existing structures, with 90 rental units, in the City that are included in the PUD rezoning. <br />G. Population <br />Per developer plans, it is anticipated that a minimum of 42 residents will reside in the <br />Annexation Area. <br />H. Tax Rate <br />Per HEA 1001 the tax rates caps for different classifications of property are as follows <br />regardless of being within South Bend or unincorporated St. Joseph County: <br /> <br />Pro ert T e <br />2009 After <br />2009 <br />Homestead 1.5% 1.0% <br />Non-Homestead <br />Residential <br />2.5% <br />2.0% <br />A ricultural 2.5% 2.0% <br />Other commercial 3.5% 3.0% <br />I. Assessments <br />2009 payable 2010, St. Joseph County Auditor property tax records: <br />Land and Improvements <br />Net: $206,900 <br />J. Municipal Legislative District <br />The Annexation Area will be in the 4th District. <br />K. Hiring Plan <br />It is anticipated that this annexation will not result in the elimination of jobs for employees of <br />any other governmental entities. The Clay Township Trustee has been notified of this <br />Annexation. <br />
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