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05-12-08 Council Meeting Agenda & Packet
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05-12-08 Council Meeting Agenda & Packet
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
5/12/2008
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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 574(235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECIiE, MAYOR <br />COMMUNITY HL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTNE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: <br />FROM: <br />SUBJECT: <br />DATE: <br />SOUTH BEND COMMON COUNCIL <br />BOB MATHIA <br />RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />COOREMAN REAL ESTATE GROUP, INC. (The Villas at Lake Blackthorn - <br />Section II) <br />Apri125, 2008 <br />On Apri123, 2008, a petition for residential tax abatement consideration for real property located in The <br />Villas at Lake Blackthorn -Section II was filed with the City Clerk by Cooreman Real Estate Group, <br />Incorporated. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South <br />Bend, this petition was referred to the Department of Community and Economic Development for purposes <br />of investigation and preparation of a report determining whether the area qualifies as a Residentially <br />Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />Section II of the subject subdivision was granted afive-year residential real property tax abatement on <br />August 11, 2003, through Common Council Resolution number 3223-03. The Common Council's <br />resolution confirmed its earlier declaratory resolution designating Section II as a Residentially Distressed <br />Area (RDA) and that designation was limited to five calendar years from the date of the passage of the <br />declaratory resolution, which was July 28, 2003. The RDA designation is required in order for the <br />developer, Cooreman Real Estate Group, to offer tax abatements on the lots sold in Section II of the <br />subdivision. The RDA will expire on July 27, 2008. Four lots remain available in Section II of the <br />subdivision which has a total of eight home sites. The developer is petitioning for a new tax abatement on <br />Section II in order to continue offering tax abatements on the remaining available lots in that Section. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEl'ER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 EL~uaeTH LEONARD <br />FAX: 574/235-9697 5741235-9371 <br />
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