01-14-08 Council Meeting Agenda & Packet

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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 considerarion and pursuant to I.C.. 6-1.1-12.1-1, et se .and South Bend Municipal Code Sec. L76 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): We ~ ill be building a 2 story sintle family home as our primary residence We anticivate that the House will be avyroximately ~ X00 square feet with 3 bedrooms and 3 baths It will include an oven front porch, a three car araoe stone atio and fiill finished basement. As new residents of South Bend affiliated with the University of Notre Dame it is important to us to live in the cit~and close to «~ork We feel this is an environmentally responsible choice that also allows us to take full advantage of the events and amenities the city and Universir•~ have to offer. 2. Estimate the dollar value of the construction project (do not include land cost): 325 000. 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 irorporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): ~ • Name ddress Interest Brian and Alison Levey 604 E. Angela Blvd 100% South Bend. IN 46617 4. The commonly known address of the Property is: 918 N. St. Peter Street and having tax key no.:18-5107-3781 (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 $ 51,800 (use additional sheet for multiple addresses). (This information maybe obtained from the St. Joseph County Assessor's Office, 235-9523). 8. Photographs of theProperty, 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): X006 - $701.16 X005 - 1.864.08 (This information maybe 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: $ 385.000 11. No building permit has been issued for construction on the property in connection with the improvement in