Confirming Tax Abatement - 920 Notre Dame Ave - Mark A. and Ruth M. Noll

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et se .and South Bend Municipal Code Sec. 2-76 et sea•, for this petition states the following: Describe the proposed construction project, including, information about square footage, numbers of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project (use additional sheet for project description if necessary): A new residential dwelling: 2 stories-(approx. 2,360 sq. ft.) plus two-car garage and half-finished basement. Approximately 8 rooms. The land to be used (920 Notre Dame Ave.) is now a vacant lot.. The house is planned as part of the Northeast Neighborhoor} Redevelopment Proiect Notre Dame Ave. Housing Proeram). 2. Estimate the dollar value of the construction project (do not include land cost): $ 350,000 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporations (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Name Address Interest Mark A. Noll 233 E. Oak Ave. Wheaton, IL 60187 owner Ruth M. Noll (same) owner (we are movine into this home when it is completed) 920 and 922) 4. The commonly known address of the Property is: 920 Notre Dame Ave. formerl and having tax key no.: 920: 018-5106-3722 (use additional sheet for multiple addresses . 922: 018-5106-3721 5. A legal description of said Property(s) is attached hereto, marked Exhibit "A", and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit "B", and is incorporated herein. 920: $4,200 7. The current assessed valuation of the property before construction is $ 922: $4 , 200 (use additional sheet for multiple addresses). 8. Photographs of the Property, taken within two (2) weeks of the filing of this petition, are attached hereto, marked Exhibit "C", and incorporated herein. 9. List the real property taxes paid at the location during the previous two years, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): (from St. Joseph Co. Treasurer's Office, 8-13-06) 2004: $164.84 2005: $173.50 10. What is your best estimate of the after completion market value of the property: $ 380, 000