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South Bend Redevelopment Commission <br />Regular Meeting - April 7, 2000 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />The building commissioner has reviewed <br />the petition and finds the property to be <br />properly zoned for the proposed project. <br />A review of the designated South Bend <br />Redevelopment areas finds that the <br />property is located in the West <br />Washington- Chapin Development Area, <br />which is a Tax Incremental Allocation <br />Area; therefore, the petition for real <br />property tax abatement must first be <br />approved by the South Bend <br />Redevelopment Commission. <br />A review of the Tax Abatement <br />co Ordinance finds Habitat for Humanity <br />meets the qualifications for a five -year <br />residential tax abatement under Single <br />Family Real Property Abatement. <br />Using the estimated project cost of <br />$60,000.00, the taxes generated over the <br />five -year period will be approximately <br />$8,036.69. Taxes abated over the five - <br />year period will be approximately <br />$7,418.48. Taxes still paid with the <br />abatement over the five -year period will <br />be approximately $618.21. <br />Mrs. Kolata stated that Hedy Robinson <br />and Cheryl Phipps both serve on the <br />Board of Directors of Habitat for <br />Humanity. <br />-4- <br />