Designating Tax Abatement - David W & Mary B Murphy 1038 Notre Dame Ave (5 Yr. Residential Property)

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1200 COUNTY-CITY BUILDING �: \ — ��j PHONE 574/235-9371 FAx 5741235 9021 227W.JEFFERSON BOULEVARD � pgAUX �" SOUTH BEND,INDIANA 46601-1830 �^ • x fir`= 1865 x+''' CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR COMMUNITY & ECONOMIC DEVELOPMENT TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: DAVID RELO4' SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: David W. & Mary B. Murphy DATE: October 9, 2012 On October 4,2012,a petition for residential tax abatement consideration for real property located at 1038 Notre Dame Avenue was filed with the City Clerk by David W. &Mary B. Murphy. 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 (copy attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Mr.&Mrs.Murphy intend to construct a 2,500—2,700 square foot residence. The home will have three- four bedrooms with 3 1/2 baths, along with a finished basement, two-car garage, and a screened in porch. The project is part of the Notre Dame Avenue Housing Program and as such will follow the design specifications and standards required by that program. The cost of the home will be$450,000-$500,000. Total taxes to be abated during the(5)five-year abatement period are estimated at$1,893.34. Total taxes to be paid during the(5) five-year abatement period are estimated in the range of$23,367.05 - $26,190.55. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT PAMELA C.MEYER DONALD E.INKS 574/235-9660 574/235-9371 Fax: 574/235-9469