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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~L ECONOMIC DEVELOPMENT <br />.JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />THOMAS F. & ANITA J. VELDMAN <br />DATE: November 9, 2007 <br />On November 8, 2007, a petition for residential tax abatement consideration for real property located at 1103 <br />North Notre Dame Avenue was filed with the City Clerk by Thomas Veldman. Pursuant to Chapter 2, <br />Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community and Economic Development for purposes of investigation and preparation of a <br />report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 <br />and whether all zoning requirements have been 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 />Thomas Veldman intends to construct a new 3,800 square foot, 2 story home with attached garage. Plans <br />call for the home to have four bedrooms, four and one-half bathrooms, a living room, dining room, kitchen <br />and study. There is currently a structure on the property that will be demolished prior to construction <br />beginning. <br />The price of the home is $450,000. Total taxes to be abated during the (5) five-year abatement period are <br />estimated at $10,262.19. Total taxes to be raid during the (5) five-year abatement period are estimated at <br />$38,321.48. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 EuzASETH LEONARD <br />FAX: 574/235-9697 574/235-9371 <br />