05-12-08 Council Meeting Agenda & Packet

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~t"~~`"'F~ STATEMENT OF BENEFITS ~~ ~ REAL ESTATE IMPROVEMENTS ~, ^ ,. -' State Form 51767 (R2l 1-07) '' 6~~' Prescribed by the Department of Local Government Finance This statement is being completed for real property 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 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. "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 fo initiation of the redevelopment or rehabilitation, BEFORE a deduction maybe approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERANBD, Whichever is applicable, must be filed with the CountyAuditor by the later of.• (1) May 1 D; 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 to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.1(b) and IC 6-1.1-12.1-5.3(j)] 5. The schedules established under IC 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 Julv 1. 2000. ~ •- • 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 if necessary) Estimated start date (month, day, year) Four (4) homes in The Villas at Lake Blackthorn Section II - a single family home 05/01/2008 subdivision which has a total of eight (8) lots located on 2.7+/- acres. Adjacent to Villas at Estimated completion date (month, day, year) Lake Blackthorn Section I. Avg house price is $175,000. Avg lot price is $35,000. 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 4 0 840 00 • • ~ ~ • •• ~ Estimated solid waste converted (pounds) N/A Estimated hazardous waste converted (pounds) N/A Other benefits bl~r~-t2 r~ ,pt~ [•~S~ }~~,is~' ~4d+ ~6Y c„F~~3 N/A { i2:.: APR 2 3 ~C~~3 JO~it~ Vrf3FlJE . IFt. BEtdD , / CI TY ~tr~t*, SQ. I here a re sentations in this statement are true. Signature f rized represe tive Title Date signed (month, day, year) 9 reSi ~ 23 200 ~' D - ~ Page 1 of 2