Confirming Tax Abatement - 101 South Iowa Street - Jonathan Burkholder

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TA2t 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 s~ and South Bend Municipal Code Sec. 2-76 et se . for this petition states the following: 1. 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): In fill housingdrroiect with detached garage located on city vacant lot, 2-3 bedroom single family dwelling approximately 1 000 s t. 2. Estimate the doUctr value of the construction project (do not include land cost): 35 000. 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 Jonathan Burkholder P.O. Box 11304 South Bend. IN 46634 Future homeowner/tax paver of lot 4. The commonly known address of the Property is: 101 S. Iowa and having tax key no.: 018-4063-2326 _ (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 Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. 7. The current assessed valuation of the property before construction is 1 200 (use additional sheet for multiple addresses). (This information may be obtained from the St. Joseph County Assessor's Office, 235-9523). 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): See Exhibit D attached hereto (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: $75.000 - $80,000. 11. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit may be issued a er the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a building permit has already been issued). The signature below is verification of this statement. 12. Lut other anticipated public financing for the project, including any assistance to be sought or already authorized through the United States Department of Housing and Urban Development furuis from the City of South Bend, South Bend Housing Authority, Housing Assistance Office, St. Joseph County Housing Consortium or other public financial