05-12-08 Council Meeting Agenda & Packet

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~~f~"'~'~ STATEMENT OF BENEFITS oar '- , ,~,. W/~•-= '' REAL ESTATE IMPROVEMENTS ~~ State Form 51767 (R2 / 1-07) .*''' ,e;; Prescribed by the Department of Local Government Finance This statement is being completed for real properly that qualifies under the following Indiana Code (check one box): ^ Redevelopment or rehabilitation of real estate improvements (IC 6-1.1-12.1-4) ^ Eligible vacant building (IC 6-1.1-12.1-4.8) 20____ PAY 20` FORM SB-1 /Real Property INSTRUCTIONS: 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 ifs 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. "Projects" planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, BEFORE a deduction may be approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERAIVBD, Whichever is applicable, must be filed with the CountyAuditor by the later of.• (1) May 10; or (2) thirty (30) days after the notice of addition to assessed valuation or new assessment is mailed to the property owner at the address shown on the records of the township assessor. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF-1/Real Property annually to the application tc show compliance with the Statement of Benefits. jIC 6-1.1-12.1-5.1(b) and IC 6-1.1-12.1-5.3Q)] 5. The schedules established under /C 6-1.1-12.1-4(d) for rehabilitated property and under IC 6-1.1-12.1-4.8(1) for vacant buildings apply to any statement of benefits approved on or after July 1, 2000. The schedules effective prior to July 1, 2000, shall continue to apply to a statement of benefits filed before hd,r ~ ~nnn Name of taxpayer Cooreman Real Estate Grou ,Inc. Address of taxpayer (number and street, city, state, and ZIP code) 4404 Technolo Drive South Bend, IN 46628 Name of contact person Telephone number E-mail address Steve Cooreman 574.277.0116 steve@cooreman.com Name of designating body Resolution number South Bend Common Council Location of property County DLGF taxing district number N of Brick Rd./E of Oran a Rd./W of US 31 B ass St. Jose h German Townshi Description of real property improvements, redevelopment, or rehabilitation (use additional sheets tf necessary) Estimated start date (month, day, year) Fifty One (51) homes in The Villas at Lake Blackthorn Section I - a single family home 05/01/2008 subdivision which has a total of 101 lots located on 56+/- acres with a large lake, a gazebo Estimated completion date (month, day, year) park, and a small pond. Avg. house price is $250,000. Avg lot price is $47,000. 05/31/2013 Current number Salaries Number retained Salaries Number additional Salaries N/A N/A N/A N/A N/A N/A •.-. ~ ••. NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the COST of the property REAL ESTATE IMPROVEMENTS is confidential. COST ASSESSED VALUE Current values Plus estimated values of proposed project Less values of any property being replaced N/A Net estimated values upon.completion of project 1 .1 Milli n 1 .1 Milli n .. - • ~ Estimated solid waste converted (pounds) N/A Estimated hazardous waste converted (pounds) N/A Other benefits °-- ~~. =~.. ..1 U ^n - I 3 ~ L ._...._... . --...,r.._._,-~._._... . .~i~^ dv~~~L~C • • hereby cert' of the repres tations in this statement ar tr e. Signature of au~ epreseniativ Title n // C ~ p Dat/e~ signfed (m^o~nth, day, year) ~ Page 1 of 2