Confirming Tax Abatement - 701 South Grant Street and 601 Cottage Grove Ave. - Habitat for Humanity

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the Ciry 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 states the following: Describe the proposed construction project, including information about square footage, numbers of rooms, amenities, 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 descriptions): Habitat for Humanity will construct one affordable single family home on each lot Habitat will use volunteer labor and donated materials to build the home. Habitat will then sell the house to a qualified low- income family at appraised value using a no-interest loan and mortgage. Both houses will have 3 bedrooms and 1 bathroom. The house on Grant Street will have a four foot crawl space. The house on Cottage Grove will have a full basement and a second story. 2. Estimate the dollar value of the construction project (do not include land cost): $73.000 per house. 3. The real property for which tax abatement consideration is petitioned is owned or to be owned by the following individual(s) or corporations (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): Name Address Interest Habitat for Humanity of St. Joseph County; 402 E. South St.. South Bend, IN 46601; Owner -Grant Street Near Northwest Neighborhood; 1007 Portage Ave.. South Bend, IN 46616: Cwvner -Cottage Grove 4. The commonly known address of the Property is: see attached and having tax key no.: see attached (use additional sheet for multiple addresses or key numbers). 5. A legal description of said Property(s) is attached hereto, marked Exhibit A, and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. The current assessed valuation of the property before construction: see attached (use additional sheet for multiple addresses). (This information may be obtained from the St. Joseph County Assessor's Office, 235- 9523). 8. Photographs of the Property, taken within two (2) weeks of the filing of this petition, are attached hereto, marked Exhibit C, and incorporated herein. 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): At 701 S. Grant Street. the taxes paid for 05/06 were $80.70 and the taxes paid for 06/07 were $126.75. At 601 N. Cottage Grove. the taxes paid for 05/06 were $879.78 and the taxes paid for 06/07 were $166.35. The reason the taxes dropped so dramatically for the Cottage Grove property is that a house that was previously on the property was demolished. (This information maybe 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: $85,000 per house.