Confirming Tax Abatement - 3941 Riverside Drive - Deanna Boykins

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1200 COUN'T'Y-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, 1NDIANA 46601-1830 PHONE 574/235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~L ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABATEMENT REPOR T TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: DEANNA BOYKINS DATE: March 6, 2008 On March 5, 2008, a petition for residential tax abatement consideration for real property located at 3941 Riverside Drive was filed with the City Clerk by Michael Urbanski of Garden homes on behalf of Deanna Boykins. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Garden Homes on behalf Deanna Boykins intends to construct a new 1768 square foot home with attached garage. Plans call for the home to have three bedrooms and a total of five rooms. The home will be constructed on a full eight foot basement and have vinyl siding. The price of the home is $116,190. Total taxes to be abated during the (5) five-year abatement period are estimated at $8,292.41. Total taxes to be paid during the (5) five-year abatement period are estimated at $1,364.77. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL Ht PROGRAM PASIELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 EL~zaeErH LeoNAnD Fax: 574/235-9697 574!235-9371