Confirming Tax Abatement - 1103 N. Notre Dame Ave - Thomas F. & Anita J. Veldman

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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 Ciry of South Bend, hereby petition the Common Council of the Ciry of South Bend for Residential Real Property rix abatement consideration and pursuant m I.C., 6-1.1-12.1-1, er sec . and South Bend Municipal Code Sec. 2-76 et se .for this petition states the follovt•ing: 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 long project descriptions): Tlu: proposzd construction project is a two story home with porch and attached garage on 66 2C 117 foot corner lot. Thz homz will be approximately 3800 square feet and will have a finished baszment. Thz current plan contemplates four bzdrooms, four and one-half bathrooms, living room, dining room, kitchzn, and study on the main floors. The basement aeill havz a family room and exercise area. The construction of this homz will be another small step in the ongoing redzvelopment o{ Notrz Damz Avenue and thz Northeast neighborhood. ?. Esrimare the dollar value of the construction project (do not include land cost): $450,000. 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 Thomas F. Veldman 15571 Spring Meadow Lane, Grangzr, Indiana 46530 JTWROS Anita J. Veldman Same ITWROS 4. The commonly known address of the Property is 1103 N. Notre Dame Avenue, South Bend, Indiana 46617 and having tax key no.: 18-5104-3645 (South Bend Portage) (use additional sheet for multiple addresses or key numbers). 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 Properry(s) is attached hereto, marked Exhibit B, and is incorporated herein. The current assessed valuation of the property before construction is $82,200 (use additional sheet for multiple addresses). (This information maybe obtained from the St. Joseph County Assessor's Office, 235-9523). S. 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. I_isr the real property taxes paid at the location during the previous two }'ears, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): 2005 Payable 2006 - $1,099.14 2006 Payablz 2007 - $1,150.25 (This information may be obtained from the St. Joseph County- Treasurers office, 235-9531) 10. What is your best estimate of the after completion market value of the property: $500,000.