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South Bend Redevelopment Commission <br />IL� Regular Meeting —July 18, 2003 <br />6. NEW BUSINESS <br />A. Public Hearings <br />(2) continued... <br />Plan. Staff is anticipating a more <br />comprehensive legal description that will <br />capture the entire area with the sixteen (16) <br />expansion areas. <br />B. Tax Abatements <br />(1) Commission approval requested for <br />Resolution No. 1987 approving an <br />application for real property tax <br />deduction for properties located at 130, <br />530, 621, 630, 636, and 726 E. Broadway <br />Street in the Sample -Ewing Development <br />Area. (City of South Bend Board of <br />Public Works) <br />Mr. Beitzinger noted this is another set of <br />tax abatements for American Home Dreams, <br />Inc. building in the Southeast Neighborhood. <br />There have been eight previous tax <br />abatement resolutions for American Home <br />Dreams. This time there will be six (6) new <br />homes each having 1,800 sq ft, three <br />bedrooms, 2% baths, a full basement and an <br />attached two car garage. The selling price <br />for each will be approximately $110,500, for <br />a total project cost of $663,000. <br />A review of the tax abatements previously <br />granted finds that American Home Dreams, <br />Inc. is in compliance with reporting for the <br />previous tax abatements. <br />The building commissioner has reviewed <br />this petition and finds the properties to be <br />ILproperly zoned for the proposed project. <br />6 <br />