08-08-11 Council Agenda & Packet

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TAX ABA TEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: John and Jennifer Sejdinaj DATE: July 6, 2011 On July 3, 2011, a petition for residential tax abatement consideration for real property located at 1122 Notre Dame Avenue was filed with the City Clerk by Dale DeVon, Agent for John and Jennifer Sejdinaj. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community.and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition(a copy of which is attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Dale DeVon intends to construct an approximate 3,000 square foot residence for John and Jennifer Sejdinaj. The home will have four bedrooms with 3 1/2 bathrooms along with a partially finished basement, a two-car garage, and a screened in porch. The project is part of the Notre Dame Avenue Housing Program and as such will follow the design specifications and standards required by that program. The cost of the home will be approximately $600,000. Total taxes to be abated during the (5) five-year abatement period are estimated at $1,893.34 . Total taxes to be Raid during the (5) five-year abatement period are estimated at $31,837.55 .