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G <br />C� <br />South Bend Redevelopment Commission <br />Regular Meeting — May 20, 2005 <br />6. NEW BUSINESS <br />A. Tax Abatements <br />(3) continued... <br />first be approved by the South Bend <br />Redevelopment Commission. A review of <br />the Tax Abatement Ordinance finds that the <br />petitioner meets the qualifications for a five <br />year residential tax abatement. <br />Based on a total project cost of $450,000 the <br />cost of the tax abatement is as follows: <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved Resolution No. 2166 <br />approving an application for real property tax <br />deduction for property located at 902 Notre <br />Dame Avenue in the Northeast <br />Neighborhood Development Area. (Scott and <br />Janet Jessup) <br />(4) Commission approval requested for <br />Resolution No. 2167 approving an <br />application for real property tax deduction <br />for property located at 914 Notre Dame <br />Avenue in the Northeast Neighborhood <br />Development Area. (Craig A. and Marta <br />R. Brummell) <br />Mr. Schaffer reported that Craig and Marta <br />Brummell will construct a new home located <br />at 914 Notre Dame Avenue. The home will <br />12 <br />COMMISSION APPROVED RESOLUTION NO. 2166 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 902 NOTRE DAME AVENUE IN THE <br />NORTHEAST NEIGHBORHOOD DEVELOPMENT <br />AREA. (SCOTT AND JANET JESSUP) <br />Estimated taxes <br />over five (5) years <br />Without abatement <br />$51,965.30 <br />With 5 -yr abatement <br />$46,612.65 <br />Estimated cost of <br />5 -yr abatement <br />$ 5,352.65 <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved Resolution No. 2166 <br />approving an application for real property tax <br />deduction for property located at 902 Notre <br />Dame Avenue in the Northeast <br />Neighborhood Development Area. (Scott and <br />Janet Jessup) <br />(4) Commission approval requested for <br />Resolution No. 2167 approving an <br />application for real property tax deduction <br />for property located at 914 Notre Dame <br />Avenue in the Northeast Neighborhood <br />Development Area. (Craig A. and Marta <br />R. Brummell) <br />Mr. Schaffer reported that Craig and Marta <br />Brummell will construct a new home located <br />at 914 Notre Dame Avenue. The home will <br />12 <br />COMMISSION APPROVED RESOLUTION NO. 2166 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 902 NOTRE DAME AVENUE IN THE <br />NORTHEAST NEIGHBORHOOD DEVELOPMENT <br />AREA. (SCOTT AND JANET JESSUP) <br />