Loading...
HomeMy WebLinkAboutDesignating Tax Abatement - David W & Mary B Murphy 1038 Notre Dame Ave (5 Yr. Residential Property) RESOLUTION 4214-12 Passed by the Common Council of the City of South Bend, Indiana 12, 12 20 Attest: `C City Clerk t Attest' '. _ .� 4. .1meldb. President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana November 13, 20 12 air- di: City Clerk Approved and signed by me N6v IAA 8 t i< /3 20 / 2 _�/ Mayor RESOLUTION NO. Li ZI y--I A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1038 Notre Dame Avenue AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR DAVID W. & MARY B. MURPHY WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1038 Notre Dame Avenue, South Bend, Indiana, and which is more particularly described as follows: That part of the Northwest Quarter Section 1, Township 37 North, Range 3 East, Portage Township, City of South Bend, St. Joseph County, Indiana, which is described as Lot "A" as shown on the plat of"Boyd-Snee's Subdivision, First Replat" recorded June 13th, 2012 in the office of the St.Joseph County, Indiana Recorder as Instrument No. 1217686. and this property has Tax Key Number 18-5105-3702.02, be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6-1.1-12.1 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance No. 9394-03, which was passed on February 10, 2003: A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four(4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; or ii. are owned by a unit of local government; or D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or G. The area (plus any areas previously designated under this subsection) will not exceed ten percent(10%) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five(5) calendar years from the date of the adoption of this Resolution by the Common Council. 2 SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. iL �" %I1Ib v em s er of the Common Council Filed in Clerk's mice PRESENTE6 CT -9 NOT APPROVES �1Qi "ADOPTED. �`t_lL l 2 JOHN VOORDE 3 CITY CLERK,SOUTH BEND,IN 4$ Bey•• 1200 COUNTY CITY BUILDING �•ti 4 PHONE 574/235-9371 c� �` \� ''" z C' FAx 574/235-9021 227W.JEFFERSON BOULEVARD ;;.i.1 � PEACE/j " SOUTH BEND,INDIANA 46601-1830 1865 CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR COMMUNITY & ECONOMIC DEVELOPMENT October 9, 2012 Council Member Henry Davis Jr., Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Real Property Tax Abatement Petition for: David W. & Mary B. Murphy Dear Council Member Davis: Please find attached the Department of Community & Economic Development's report on a residential real property tax abatement petition submitted by David W. & Mary B. Murphy, to build a single-family home at 1038 Notre Dame Avenue. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the department's findings relative to the above petition. The petitioner proposes to build a single-family home at a cost of$450,000 - $500,000. The project meets the qualifications for a (5) five-year real property tax abatement. The petitioner will be available to meet with the Committee on Monday, October 22" . Should you or any of the other Council members have any questions concerning the report, or need additional information, please feel free to call me at 235-5836. Sincerely, scumai David Relos Economic Development Specialist Attachments cc: South Bend Common Council Members Mayor Pete Buttigieg Scott Ford Don Inks COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT PAMELA C.MEYER DONALD E.INKS 574/235-9660 574/235-9371 FAx: 574/235-9469 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 South Bend Common Council RE: David W. &Mary B. Murphy October 9, 2012 Page 2 ABATEMENT QUALIFICATION 1. A review of previously granted tax abatements finds that the petitioner has not been associated with or been granted any previous tax abatements. 2. The Building Commissioner has reviewed this petition and finds the property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds the property to be located in the Northeast Neighborhood Development Area,which is a Tax Incremental Allocation Area,though the property is not located within the Northeast Neighborhood's residential TIF area. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a (5) five-year residential tax abatement under Section 2-77.1, Single Family Residential Construction. 5 YEAR 8-Oct-12 DAVID W. MURPHY South Bend Portage Township Residential Real Property Tax Abatement Schedule* Estimated Project Cost: Total Taxes Tax Abated** Tax Paid*** Assessed Value: STRUCTURE(%AV of cost) 382,500.00 382,500.00 382,500.00 LAND Value 10,000.00 N/A N/A Gross Assessed Value 392,500.00 382,500.00 382,500.00 Less Mortgage Exemption (3,000.00) (3,000.00) (3,000.00) Less Homestead Deduction (45,000.00) (45,000.00) (45,000.00) Less Supplemental Homestead Deduction (121,625.00) (121,625.00) (121,625.00) Base Assessed Value 222,875.00 212,875.00 212,875.00 Less Maximum Abatement Deduction N/A N/A (74,880.00) Less Non-Abated Amount N/A (137,995.00) N/A Plus Land Assessed Value N/A N/A 10,000.00 Net Assessed Value 222,875.00 74,880.00 147,995.00 Property Taxes: Assume constant tax rate of 4.4598% 4.4598% 4.4598% Gross Tax(tax rate x net assessed value) 9,939.78 3,339.50 6,600.28 Less State&County Homestead Credit: 18.6246% (1,851.24) (621.97) (1,229.28) Tax Due Before Circuit Breaker 8,088.54 2,717.53 5,371.01 Less Circuit Breaker Credit (3,036.46) (2,338.86) (697.59) Net Tax 5,052.08 378.67 4,673.41 Circuit Breaker Cap Circuit Breaker 1.0000% 3,925.00 3,825.00 3,925.00 Debt Service 0.5057% _ 1,127.08 378.67 748.41 Circuit Braker Cap 5,052.08 4,203.67 4,673.41 Net Total Assessed Taxes Tax Tax Year Value Due Abated Paid 1 222,875.00 5,052.08 378.67 4,673.41 2 222,875.00 5,052.08 378.67 4,673.41 3 222,875.00 5,052.08 378.67 4,673.41 4 222,875.00 5,052.08 378.67 4,673.41 5 222,875.00 5,052.08 378.67 4,673.41 5 year totals: 25,260.39 1,893.34 23,367.05 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at$74,880 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of$74,880 and adding back the land assessed value. 5 YEAR 8-Oct-12 DAVID W. MURPHY South Bend Portage Township Residential Real Property Tax Abatement Schedule* Estimated Project Cost: Total Taxes Tax Abated** Tax Paid*** Assessed Value: STRUCTURE(%AV of cost) 425,000.00 425,000.00 425,000.00 LAND Value 10,000.00 N/A N/A Gross Assessed Value 435,000.00 425,000.00 425,000.00 Less Mortgage Exemption (3,000.00) (3,000.00) (3,000.00) Less Homestead Deduction (45,000.00) (45,000.00) (45,000.00) Less Supplemental Homestead Deduction (136,500.00) (136,500.00) (136,500.00) Base Assessed Value 250,500.00 240,500.00 240,500.00 Less Maximum Abatement Deduction N/A N/A (74,880.00) Less Non-Abated Amount N/A (165,620.00) N/A Plus Land Assessed Value N/A N/A 10,000.00 Net Assessed Value 250,500.00 74,880.00 175,620.00 Property Taxes: Assume constant tax rate of 4.4598% 4.4598% 4.4598% Gross Tax(tax rate x net assessed value) 11,171.80 3,339.50 7,832.30 Less State&County Homestead Credit: 18.6246% (2,080.70) (621.97) (1,458.73) Tax Due Before Circuit Breaker 9,091.10 2,717.53 6,373.57 Less Circuit Breaker Credit (3,474.32) (2,338.86) (1,135.46) Net Tax 5,616.78 378.67 5,238.11 Circuit Breaker Cap Circuit Breaker 1.0000% 4,350.00 4,250.00 4,350.00 Debt Service 0.5057% 1,266.78 378.67 888.11 Circuit Braker Cap 5,616.78 4,628.67 5,238.11 Net Total Assessed Taxes Tax Tax Year Value Due Abated Paid 1 250,500.00 5,616.78 378.67 5,238.11 2 250,500.00 5,616.78 378.67 5,238.11 3 250,500.00 5,616.78 378.67 5,238.11 4 250,500.00 5,616.78 378.67 5,238.11 5 250,500.00 5,616.78 378.67 5,238.11 5 year totals: 28,083.89 1,893.34 26,190.55 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at$74,880 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of$74,880 and adding back the land assessed value. , CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1,et seq.,and South Bend Municipal Code Sec. 2-76 et seq.,for this petition state the following: 1. Describe the proposed construction project, including information about square footage, number of rooms, number of stories, other ame lints such as finished basements and garages, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project(use additional sheet for long project descriptior}s): /j, r 2� c�i j A__ �•" �H �l ._� _l�In *_t3� �3 ' �_ C__ 0 cZ`7cD _LaL _�I_ fi�_� - `-A- - —�, L_ T A S' T,.t - _ - - - ,, so,o co 2. Estimate the dollar value of the construction project(do not include land cost): C--:1 SbQ_(WQ__ _. 3. The real property for which tax abatement consideration is petitioned(Property) is owned or to be owned by the following individual(s) or corporation(s) (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Nam me Address ,- '' / Interest ,Z Ta • _"1-5- _ _?_5,_,_ A 14-.__6(k -4 ,4,da,.. 4. The commonly known address of the Property is: -1930 .�'�VQ- ,na-having tax key no.:C3I$S1Q 3r1 M . 07,_,-_(use additional sheet for multiple addresses or y numbers). �p l e l u 2` k) ?L net' Sulatuk Ah ,o L i tOtA (A�ncQ 5. A legal description of ai Property(s) attached hereto, marked Exhibit A,and is inco rated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. 7. Photographs of the Property(s), taken within two (2) weeks of the filing of this petition, are attached hereto, marked Exhibit C, and incorporated herein. �A rls ooc FRcrk. 14Cctu- 8. The current assessed valuation of the property before construction is $ (use additional sheet for 1441 multiple addresses). (Information may be obtained from the St.Joseph County Assessor's Office, 235-9523). 9. List the real property taxes paid at the location during the previous two years,whether paid by the current owner or a previous owner(use additional sheet for multiple addresses): (This information may be obtained from the St.Joseph County Treasurers office, 235-9531) 10. What is your best estimate of the after completion market value of the property:$ �Q9-, ODD , (Rev. 5/13/11.) 1 11. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit may be issued after the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a building permit has already been issued). The signature below is verification of this statement. 12. List other anticipated public financing for the project, including any assistance to be sought or already authorized through the United States Department of Housing and Urban Development funds from the City of South Bend, South Bend Housing Authority, Housing Assistance Office, St. Joseph County Housing Consortium or other public financial assistance, including but not limited to public works improvements: 13. Describe how the property has become undesirable for or impossible of normal development because of a lack of development, cessation of growth,deterioration of improvements or other factors which have impaired values L1421r.#1,4_,fiire _„.„._A,a prevent a nor al development of the property- ‘ 4t2_, Mos-, I iito...-1 i 9q 0_!_l . _0"11_,V42tht '4 ffeskliice ii sec?� ce e) w�a. .r4 f hoc, • var A Re.A4 ec4.147 .iluctc. 14. The current use othe property is le_5 _ Ati,vcaZ, and the current zoning is (use). (This information may be obtained from the Building Department 235-9553) 15. The property is located in the following Allocation Area (if any) declared and confirmed by the South Bend Redevelo ment Commission(r ring approval of the tax aba ment by the Redevelopment Com is4io ): 16. The following person should be contacted as the petitioner's agent regar 'ng additional information and public hearing notifications: Name----J.-I v s L u .4 44Pia � 15- N,,-,, .� Address__-A O 74r ' `3f ceLtr� G d�tr.-- - -- - City, State,Zi _L AAVA_-4/� "_ !q i Q. 1 36? Telephone _— ily- .Z 8 (ti n 4 3 e ` _ i.S o A[ _A - , E-mail Address A_ 42r.._N Qcec4 116 WHEREFORE, Petitioner has paid the required fee of$50.00 and requests that the Common Council of the City of South Bend, Indiana,adopt a declaratory resolution designating the area described herein as a residentially distressed area for the purposes of real property tax abatement consideration, and after publication of notice and public hearing, determine that the qualifications for a residentially distressed area have been met and confirm such resolution. Name of Property Owner(s): r / _ i_l_ ' / .----- � �. By: .tar re) Flied In Cleric's Off fl O ( yped or printed name andfcapat ity) (Rev. 5/13/11) JOHN VOORPE 2 CITY CLERK,SOUTM OM IW �`"" �� STATEMENT OF BENEFITS / 20_PAY 20_ REAL ESTATE IMPROVEMENTS \ ' State Form 51767(R2/1-07) FORM SB-1 I Real Property `'` -'•" Prescribed by the Department of Local Government Finance E/�`(/�"��""®""eyg �aTs Filed ■! Clerk's f This statement is being completed for real property that qualifies under the following Indiana Code(check o e 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) 04 1 INSTRUCTIONS: OCT 1�tg . 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the.ublic -. ,/. . -•. requires information from the applicant in making its decision about whether to designate an Economic Revitaliz.do •1.7 t`_ ent must b:, submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for whip h the Pere 'Arealaffliat■.:. 4N "Projects"planned or committed to after July 1, 1987,and areas designated after July 1, 1987,require a • • , a- .. - ) 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 ERANBD, Whichever is applicable,must be filed with the County Auditor 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 to show compliance with the Statement of Benefits. jIC 6-1.1-12.1-5.1(b)and IC 6-1.1-12.1-5.3(j)J 5. The schedules established under 1C 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 July 1,2000. SECTION 1 " TAXPAYER INFORMATION Name of taxpa Address f xpayer(number and street,city,state,a'd ZIP ode) 9 474 jL Name conta• -:son -' / Telephone number E-mail address J a,� p SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of:-s•nating body Resolution number Ofreik Cat) 6. a v,tie,/ ' a. ci Imo, Location of property / //� ��{j/0,40 /� ,S DLGF taxing district number V 3 V ✓AVIce i Vii: Coun •:3o4/t Description of real propertyim rovements,redevelo ment,or rehabilitation(use additional sheet if necessary) / IN Estimated start date(month,day,year) ak- , i, f4 3'"f Ocrft 6 <oke. aN Y'A'CAAv)L Ov N U4I AA.' r��sf'r////M • O tX-a76O•SkTi 7C �..4542060.X., �.1 ea _ .4 Z4rpft-'5C/ i� Estimated m 1/��' 404444,10: f ; g f / completion date(month,day,year) •SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries SECTION 4 t, EST ,y, 'D TOTAL COST AND VALUE OF PROPOSED 71.4,JECT 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 SO t$o Plus estimated values of proposed project - Vs0,000 S7so,00 Less values of any property being replaced Net estimated values upon completion of project vl.5-50 0l+o -'.S 0 000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) benefits AL. J 1 J d d ,., l .4.4,16.4.4,16.4....tees VKa-45 64,41,;X2 . .e SM. . u t� -1-14�Ry1� ! s/ac �IZCif..p[4 �f x�� /�, /9 OS /ky o r / 9d!•-✓-2 M.947),40€_.AtAt•47-)44.44.5. r /A.444rz, v ex ra y ofer;Ate.a s • i,1- -W A-s Ce2dege 4 kih, arrvartx r/✓N i,✓ CetA,et44 i C.4 c;ee. et /(61 .4...% u./led. -4. Aga v i A / ,,z. il e'� c-es • SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this st- - ent are true. Sign: re of au-orize. :" to•,• `� Title `Date signe (mo th,day,year) ' % - I /6 9 /2_ _'--- Page 1 of 2 FOR USE OF THE DESIGNATING BODY We have reviewed our prior actions relating to the designation of this Economic Revitalization Area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution,passed under IC 6-1.1-12.1,provides for the following limitations: A. The designated area has been limited to a period of time not to exceed calendar years*(see below). The date this designation expires is B. The type of deduction that is allowed in the designated area is limited to: 1.Redevelopment or rehabilitation of real estate improvements ❑Yes ❑No 2.Residentially distressed areas ❑Yes ❑No 3.Occupancy of a vacant building ❑Yes ❑No C. The amount of the deduction applicable is limited to$ D. Other limitations or conditions(specify) E. The deduction is allowed for years*(see below). We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. Approved(signature and title of authorized member of designating body) Telephone number Date signed(month,day,year) Attested by(signature and title of attester) Designated body *If the designating body limits the time period during which an area is an economic revitalization area,it does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.12-12.1-4. A. For residentially distressed areas,the deduction period may not exceed five(5)years. B. For redevelopment and rehabilitation or real estate improvements: 1. If the Economic Revitalization Area was designated prior to July 1,2000,the deduction period is limited to three(3),six(6),or ten(10)years. 2. If the Economic Revitalization Area was designated after June 20,2000,the deduction period may not exceed ten(10)years. C.For vacant buildings,the deduction period may not exceed two(2)years. • • Page 2 of 2 THAT PART OF THE NORTHWEST QUARTER SECTION 1,TOWNSHIP 37 NORTH, RANGE 2 EAST,PORTAGE TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY,INDIANA, WHICH IS DESCRIBED AS LOT"A":AS SHOWN ON THE PLAT OF"BOYD-SNEE'S SUBDIVISION,FIRST REPLAT"RECORDED JUNE 13m,2012 IN THE OFFICE OF THE ST. JOSEPH COUNTY,INDIANA RECORDER AS INSTRUMENT NO. 1217686. CONTAINING 0.19 ACRES MORE OR LESS. SUBJECT TO ALL LEGAL RIGHT-OF-WAYS, EASEMENTS,AND RESTRICTIONS OF RECORD. Filed in e 's (Mk CCT 0 4 012 CITY arm UTH°END IN a µ1a tyy [ 0 o w L. • _,O:O W u.: WOtV200 - - - _ �WJZW (�/� ,5•ze) iiax,ts s�oxvx.� lib W WWF� ('4 0 3 F._2 wz Z. 2iw3� WO-Q 3Nn IM�a )jai�_I ec Lc N a O W Z a lyN�1 Mid -- I 1 3Nn b IN OVS vwf 7 { _v. I I g w =w 0] O -- 41.25' --' --41.25' -_r.M n ( 1 I n 7 ce i ZW3pQJ ^r I 1 WC�O rte{ I I 14.00'_-.- Z°ZO d �_ I IAN s 0 < O I O OI NOt ~O 0 �a Zti O Z I I J JI O- J CQ O=AF-0 �` b O w-Cn< I myw�w �� WI — - I �\- L L gg v .. c>n \ zwaLozwo ��.� ' t,gnuN 4JQc, I Ic,a« your,,o _ u , w., ZW I I 6a Wj Cr f/I _ , a �,� ' B,_<g 00 Wm I-0 { 1'� ,00'99 ,00•99 .. O- WF E".1 d �oz °op Z Wa����NW W e. I ° WZ+ oy 2 2 �U o In Wo7<.*O.Mz F-4{ M �i d. 0 p~ZWW�o 1G .- N Uw0 0°ZC 5 m ti,��Q v� JOWU~<l Q W - Nd • W U i.l 3 SWI�1Z 4JW VI{ n N O :' N Nm O N In W n 04 Z O 5 e? wf< J MW ?W o to o Z lI-2 ZR U J 140 ' ti '/.1 = 4<O W W CD CIS Z<Z W°Ce i Kg 0'-w W i w a W 7_ J Zw=OK �Q �� z/Je • It'99 3Nn AA/ i oz3<pZ0° z { 3Nn Mid 1,019 BY98t < Z Z z~ • I (w) Aral M .Z*SEZO N n NJ�I`0 ZU F-0_,00w zW a<iowmim z l..o V) / m H-- _ _( a ,5ze) �nu�n� � a �xsou za ^�qg 3Nn AA , 3Nn PA/21 3Nn M/a `Fi'e ,! In Clerk's _ o.. 9 : - a2.L. --- �--- Cif 0 4 2012 JOHN VOORDE CITY CLERK,SOUTH SEND,IN 0 Z J< z a Zo Z N Z 0 NN Q < OZ H 2 ZZ O a�� CD(7) O Z 2 SO OS �2W it a- r v,VN(n Vv) 0 D_ VIZ a 0 1-m o ° X Lo 3 ¢Q == O<N F 0 Z r W Z Z W>iK cO w . OW 0 (:: 00 OV)<p w CC d �.-. r-- Z �az- r c, ri- c • 7.- ,lw F 1E 4 `"� .fwd P j- t ! a � ; �i � 3 461 i ��►4"v' r 3.-r' 7 . ' wt' • �rte.. p�" � �1; `� �`�z itMZae +� i' of is g Cirl `� � `� � it ti • ,;, .a: =°;' 74: : �y1 : d p_ {� @ `'�i d`,�• >i,, ti r` cx �`� �� ta. v ' a- a Filed In Clerk's Q : OCT o Z012 .JOIN VOripDE CITY CLERKC,SOUTH SEND, IN . ;•4 . .. .41 4. ' '!;'t* y• r 44. i:TiTh • . , „„„ „I • Filed In Clerk's Otflc OCT 0 4 zoiz CITYCLJEORHIC,NSVO°U°TEIR DISTE ND,IN