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' }-'��Yy <br /> h��:T��.2,.` <br /> .�/Y� F,"�. <br /> �,,,��.1'.'i��r;,�.;�.�j�., <br /> �r..., i �,,r, <br /> ���lil( .n: I.'(: .•, �.�\� i� G+{i�l a J. ...:�—.}%�1>-�i.?�I <br /> 2?,'��.(EFr�au� Bi�r �� r � `J ��\PFACE� / ;f'� ��< 5,'•4/?i5-9021 <br /> W � � \� �,;, � <br /> 1r,1i'I�!-iHi_til?,�'YDI�1 .� �i:�(�f�� �::it.' . '`�°v''r.''-��ur .��.'%�`>� � .I1.)�) i"�'i/!�i-5��� . <br /> F��,_ ',`� /b <br /> �������� <br /> • � 1865 . <br /> t_ . ;:it :iC:Ul'H BEND S'C'EPI-1.i3^f J. �.C:I.::iCi, ,�t... :.�. <br /> Ca����c��t^I�' � EGONOIVIIC ��.���i.= ���rr,NT <br /> SHARnN T. KENAALL <br /> F.XEi=i�7'CVE;UlliEt`f'iiR <br /> TAX ABA TEMENT REPOR T <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: SHARON TERRELI� <br /> SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> ROJO DEVELOPMENT, INC. (NORAWOOD MANOR) <br /> DATE: August 31, 2006 <br /> On August 17, 2006, a petition for residential tax abatement consideration for real property was filed with <br /> the City Clerk by Rojo [)evelopment: Pursuant to Chapter 2, Article 6, Section 2-77:1 of the Manicipal <br /> Code of the City of South Bend,this petition was referred to the Department of Community and Economic <br /> Development for purposes of investigation and preparation of a report determining whether the area qualifies <br /> as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been <br /> met. <br /> The Department of Community and Economic Development has reviewed the petition (a copy of which is <br /> attached), investigated the area, and makes the following report. <br /> PROJECT DESCRIPTION <br /> Rojo Development intends to construct(13)thirteen,single-family,custom-built homes. The price of each <br /> home will be approximately two hundred fift.y thousand dollars($250,000). Taxes to be abated during the <br /> (5)five-year abatement period is estimated at$10,216 for each home. The total amount abated for the(13) <br /> thirteen homes totals �132,808. Taxes to be paid for each home are estimated at$27,913. Total taxes to <br /> be paid during the (5) five-year abatement period for the (13) thirteen homes is$362,880. <br /> Cc>�tt.�utlrt�Dt:vr i:o�>n:t��i � Ecc>N���-r��:I)i:vrt.a>>it;.n•r —___w I'i�n�c�ie[.&Pxac;icny � <br /> - I'.;��r;LyC.Vti'�ip;. I)ut�..ti�,:-..I��!:�.: :VI.!NAGFMCN"f . <br /> 5'4r2+5.9n(ta ?7•1�^:i`;.n3?1 ia.n..�:,;,r:i L�nhnr.0 <br /> F.�x: 5;�ti?;5-�)t>)' S;•i/235-`�;7: <br />