4868-20 Designating Real Property Tax Abatement for SB Mutual Homes II, L.P.

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Filed in Clerk's Office ---------- STATEMENT OF BENEFITS AI is a A 7.�J10 I 20 PAY 20 fy REAL ESTATE IMPROVEMENTS i( Stale Famr 51767 (R6110 -tar I -� FORM SS -1 / Real Property % Prescribed by the Department of Local Governman Finance 'ItJ PRIVACY NOTICE This statement is being completed for real property that qualifies u er the Weaving Indiana Codeictene"ne ' Any nvormation concerning the cos P Redevelopment or rehabilitation of real estate improvements (IC 6-L 1-12.1-4) or me property am specific evidence :Z Residentially distressed area (IC 6-1.1-12.1-4.1) paid to ow er�s coardaneiaby pea IC 6-tt-12 eri INSTRUCTIONS. 51 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires 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 Farm 3221RE must be Bled with the County Auditor before May 10 in the year in which the addition to assessed valuation is made or not later than Thirty (30) days after the assessment nofice is mailed to the property owner if it was mailed after April 10. A properly owner who failed to file a deduction application within the prescrtbed deadline may file an application between Match 1 and May 10 of a subsequent year 4. A property owner who files for the deduction must provide the County Auditor and tlesignating body with a Fonn CFI/Real Properly The Form CF -Iii Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually fa each year the deduction is applicable. IC 6-1 1-12, 1.5.I(b) 5. For a Form SS-11Real 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 SB -//Real Properly that is approved prior to July 1, 2013. the abatement schedule approved by the designating body remains in effect IC 6-f 142 147 South Bend Mutual Homes II, LP :Address of taxpayer (number and street. cif,, slat, and ZIP Code) 724 W. Washington St., South Bend, IN 46601 Name of contact person . r a number ', E-mail address Anne Mannix 574 l 2884369 amannix.nda@gmail.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body 1 ResrSution number City of South Bend Location of property County DLGF taxing district number See attached list St. Joseph p 026-0011 iLs rc!. personalism of mat proper, bnp onemenr>: r ..v'Ld rnaWf�M Ip rlarwl ehaaKanecessary) IE4imated start axle imonfh day year Ten newly constructed homes. ''� April 1,2021 =_stimated completion data (month, day, year( April 1, 2022 SECTIONOF EMPLOYEESPROPOSED PROJECT elned Current numberSalaries- Numbrreta Salaries 'Number adtlM1ipnal ISeledes 1.00 $40,000.00 1.00 $40,000.00 0.50 $20,000.00 SECTION 4 E STIMATFD TOTAL CO ST AN 1) VA LU E OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSEDVALUE Current values 30.00000: ts,oeb m Pius estimated values of proposed project 2,'.66,000 00 416.66T 00 Less values of any property being replaced o m 0,0011 Net estimated values upon C1lfrlolagbn of ormecl c ..�a6 OW 00 491,867.00 Estimated wild waste converted (pounds) 0.00 ___ Estimated hazardous ossle convened (pounds) 0.00 Other benefi4s 1) Revitalization of the Southeast neighborhood. 2) Provision of ten units of affordable housing 3) About 2T short lerm construction jobs for a one year period. I hereby certify that the representations in this statement are true. name of authorized repriecnlarive T:tc Page 1 of 2