09-17-04 Redevelopment Commission Minutes

Home Browse Search

[A Redevelopment Commission Meeting Regular Meeting — September 17, 2004 6. NEW BUSINESS (CONT.) B. Tax Abatements (1) continued... of each home is $69,000. The total value of the project is estimated at $138,000. Habitat for Humanity has been granted four previous abatements since 1998. The building commissioner has reviewed the petition and finds the properties to be properly zoned for the proposed use. The properties are located in the West Washington- Chapin Development Area; therefore, the abatements must first be approved by the South Bend Redevelopment Commission. The project meets the qualifications for a five -year residential tax abatement under the tax abatement ordinance. Mr. Beitzinger gave the estimated cost of the abatement as follows, based on a project cost of $138,000. Upon a motion by Mr. Kahn, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 2098 approving an application for real property tax deduction for property located at 2306 Linden Ave. and 2229 W. Orange St. in the W. COMMISSION APPROVED RESOLUTION NO. 2098 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 2306 LINDEN AVE. AND 2229 W. ORANGE ST. IN THE WEST WASHINGTON - CHAPIN DEVELOPMENT AREA. (HABITAT FOR HUMANITY Estimated Taxes Over 5 Yrs Without Abatement $12,534 With 5 Yr Abatement $7,181 Estimated Cost of 5 Yr Abatement $5,353 Upon a motion by Mr. Kahn, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 2098 approving an application for real property tax deduction for property located at 2306 Linden Ave. and 2229 W. Orange St. in the W. COMMISSION APPROVED RESOLUTION NO. 2098 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 2306 LINDEN AVE. AND 2229 W. ORANGE ST. IN THE WEST WASHINGTON - CHAPIN DEVELOPMENT AREA. (HABITAT FOR HUMANITY