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1200 Cou TV-CT~'BUILDING `.\ �� d PHONI;5741235-9371 <br /> 227 W JEFFERSON BOULFVARZ) X ` ' FAX 5741235-9021 <br /> Sou-rH B>:Nn,1NDIANA 46601-1830 <br /> w <br /> 1865 <br /> CITY OF SouTH }SEND STFI'F FN J. LUECIE, MAYOR <br /> COMMUNITY & .ECONOMIC DEVELOPMENT <br /> JEFFREY V. GIBNEY <br /> EXECU'rjw DIRECTOR <br /> TAX ABA TEMEVT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: BOB MATHIA <br /> SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> BERGER, ROBERT F. & N. MARIA <br /> DATE: March 23, 2011 <br /> On March 23,2011,a petition for residential tax abatement consideration for real property located at 1807 <br /> Alfton Court was filed with the City Clerk by Robert F. &N.Maria Berger. Pursuant to Chapter 2,Article <br /> 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the <br /> Department of Community and Economic Development for purposes of investigation and preparation of a <br /> report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 <br /> and whether all zoning requirements have been met. <br /> The Department of Community and Economic Development has reviewed the petition(a copy of which is <br /> attached), investigated the area, and makes the following report. <br /> PROJECT DESCRIPTION <br /> Robert and Maria Berger intend to construct an approximate 2,300 to 2,500 square foot, single-family <br /> home. The home will have eight rooms and two and one-half bathrooms. The cost of the home is expected <br /> to be between $275,000 and $320,000 (NOTE: Because petitioner is unsure of final cost we have added <br /> 12.5%to the higher value to cover any additional costs.) . Total taxes to be abated during the(5)five-year <br /> abatement period are estimated to be$6,068 at the$275,000 level and$2,346 at the$360,000 level. Total <br /> taxes to be amid during the(5) five-year abatement period are estimated to be$9,310 at the $270,000 level <br /> and $17,832 at the $360,000 level. <br /> It should be noted that there is an existing residential tax abatement on 1807 Alfton Court that was granted <br /> CommuNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL&PROGRAM <br /> PAMELA C.ME1ER DONALD E.INKS MANAGEMENT <br /> 5741235-9660 5741235-9371 ELIZABETH LEONARD <br /> FAX: 5741235-9469 5741235-9371 <br />