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RECEIVED <br />SCHINDLER AND OLSON BEG 0 2002 <br />ATTORNEYS AT LAW <br />122 SOUTH MILL STREET <br />P.O. BOX 100 <br />JAMES J. OLSON MISHAWAKA. INDIANA 46546-0100 JOHN W. SCHINDLER (1884-1971) <br />JOHN SCHINDLER. ►R. (574) 259 -5461 LEO VAN TILBURY (1900 -1966) <br />(RETIRED) FAX (574) 259 -5462 <br />jolsonesq ®aol.com <br />December 19, 2002 <br />Mr. William Schalliol <br />Project Director <br />South Bend Redeveiopment Commission <br />County /City Building <br />South Bend, IN 46601 <br />RE: Proposed Ireland Road TIF District <br />Dear Mr. Schalliol: <br />Please be advised that we represent the Penn - Harris - Madison School Corporation and <br />have been requested on their behalf to advise you of their concern and interest in the proposed <br />Ireland Road TIF District that is being considered by the City of South Bend, <br />As I am sure you are aware, school corporations are very concerned about any action that <br />could adversely affect their assessed valuation since assessed valuation has a serious impact on <br />their budget and financial planning. <br />Although we do not have all of the details of the proposed TIF District, it appears that a <br />portion of said district will fall within the boundaries of the school boundaries of the Penn- Harris- <br />Madison School Corporation. This would be in the area of Ireland Road east of Ironwood Road <br />and more particularly in the area of the current Irish riiiis Apartments. <br />As you are probably aware, I.C. 36- 7 -14 -39 includes in the definition of "base assessed <br />value" the value of any property that is assessed as residential property, which means that it would <br />therefore be excluded from the TIF District. The statute was intended to provide some relief to <br />school corporations where multi family or single family residences were built which generated <br />children to be sent to the local school without the benefit of the assessed value created by said <br />residential development. <br />We are, therefore, requesting that you keep us advised as to the progress and plans for the <br />Ireland Road TIF District as it may affect the Penn - Harris - Madison School Corporation. We <br />would also appreciate receiving written confirmation from you of your understanding that said <br />