20-29 Confirming Real Property Tax Abatement for SB Mutual Homes II, L.P.

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AUG *19 1111 Mi; • STATEMENT OF BENEFITS �� 9 REAL ESTATE IMPROVEMENTS DAWN ' JONEI State Form 51767 (R6110-14) CITY CLERK, SOUTH 8 '�,.�% Prescribed by the Department of Local Government Finan This statement is being completed for real property that qualifies under the following Indiana Code (check one box): 2 Redevelopment or rehabilitation of real estate improvements (IC 6-1.1-12.1-4) IZ1 Residentially distressed area (IC 6-1.1-12.1-4.1) 20_ PAY 20_ 1 I FORM SB -1/ Real Property IN I cost INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating bodyrequlres information from the applicant in making its decision about whether, to designate an Economic Revitalization Area. Otherwise, this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction. 3. To obtain a deduction, a Form 3221RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is made or not later han thirty (30) days after the assessment notice is mailed to the property owner if if was mailed after April 10. Aproperty owner who failed to file a deduction application within the prescribed deadline may file an application between March 1 and May 10 of a subsequent year 4. A property owner who files for the deduction must provide the County Auditor and designating body with a Form CF-IlReal Property. The Form CF-i/Real Property should be attached to the Form 3221RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. IC 6-1.1-12.1-5.1(b) 5. For a Form SB-1/Real Property that is approved after June 30. 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form S&1/Real Property that is approved prior to July 1. 2013. the abatement schedule approved by the designating body remains in effect. IC 6-1.1-12.1-17 SECTION I TAXPAYER INFORMATION of taxpayer South Bend Mutual Homes II, LP Address of taxpayer (number and street, city, stale. and ZIP code) 724 W. Washington St., South Bend, IN 46601 Name of contact person I E-mail address Anne Mannix ( 574 ) 2884369 amannix.nda@gmail.com SECTION 2 LOCATION . DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution nwnber City of South Bend DLGF fixing distinct number Location of property County See attached list St. Joseph 026-0011 Description of real property improvements. redevelopment, or rehabilitation (use additional sheets ilnecessary) Estimated start date (month, day. year) Ten newly concocted homes. April 1,2021 Estimated completion data (month, day, year) April 1, 2022 Current number Salaries -Number retained Salaries ''.Number additional Salinas 1.00 $40,000.00 1.00 $40,000.00 0.50 $20,000.00 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COSTASSESSED VALUE Current values 30,000.00 15,000.00 Plus estimated values of proposed project 2.166,000.00 41666700 Less values of any property being replaced o.00 0.00 Net estimated values upon completion of project 2,196,000.00 431,667.00 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) 0.00 Estimated hazardous waste converted (pounds) 0.00 Other benefits 1) Revitalization of the Southeast neighborhood. 2) Provision of ten units of affordable housing. 3) About 27 short term construction jobs for a one year period. SECTION 6 TAXPAYER CERTIFICATIONI I hereby certify that the representations in this statement are true. Signature of authorized representa0vea - Dale signed (month, de y, year) Printed name of authorized representative Title n rile Page 1 of 2 '�•UGiOfQ hq..�' {�jd CCq-;jq