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® • <br />South Bend Redevelopment Commission <br />Regular Meeting - October 17, 1997 <br />6. NEW BUSINESS (CONT.) <br />c. continued.... <br />the ten year abatement and a six year <br />abatement is granted, total estimated taxes <br />abated over a six year period would be <br />$212,923 and total taxes paid would be <br />$149,328. <br />Because the project does not meet the <br />minimum requirements for the requested 10 <br />year abatement, it will be considered as a <br />special exception by the South Bend <br />Common Council. This petition will be <br />presented to the South Bend Common <br />Council on Monday, October 27, 1997, but <br />the petition first requires the approval of the <br />South Bend Redevelopment Commission. <br />Dea Andrews of South Bend Heritage <br />presented drawings of the proposed project. <br />Ms. Andrews stated that the lots have been <br />empty for quite some time. The total twelve <br />lots located on Spruce Street have been <br />replatted into six lots. <br />Ms. Andrews stated that the proposed <br />housing will have a single - family appearance <br />to them, with an upstairs and downstairs. <br />When South Bend Heritage started this <br />project with Logan, Inc., they started with <br />three sites but reduced the project to this one <br />location. They would have come close or <br />exceeded the $4 million requirement of the <br />10 -year tax abatement if they had built on all <br />three sites. <br />Ms. Auburn asked if South Bend Heritage <br />H:\ HOME\ CPHIPPS \WPDATA \COMMSN\101797.MIN -17- <br />