Fiscal Plan for Cleveland & Lynnewood Annexation Area German Township

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Cleveland and Lynnewood Annexation Area 4 E. Buildings and Land Use The Annexation Area currently contains two vacant single-family homes and vacant land. The existing homes are slated to be removed and three commercial buildings are planned. Two of the three buildings are planned for retail (14,400 and 10,200 square feet) and one is planned for a restaurant facility (5,315 square feet). The proposed site plan consists of 15.76% building area, 61.34% parking area, and 22.90°l0 open space. F. Zoning & Subdivisions The site is zoned "R" Residential and "O/B" Office/Buffer District in unincorporated St. Joseph County. It is proposed to be zoned "CB"Community Business upon approval of the City Council and incorporation into the City of South Bend. G. Population No people currently reside in the Annexation Area. H. Tax Rate The tax rates used are those of 2006 payable in 2007. The Township Rate will decrease by $0.1404 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by 2.2482 per $100.00 of assessed valuation with the addition of the City and Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. The net increase in property taxes will be $2.1078 per $100.00 of assessed valuation. Table 1 shows representative tax rate information as published by the St. Joseph County Auditor. Please note that this data is shown for informational purposes only, and HB 1001 will affect these rates. I. Assessments 2006 payable 2007, St. Joseph County Auditor property tax records: Land: $53,000 Improvements: $166,200 Net: $219,200 7. Municipal Legislative District The Annexation Area will be in the 1st District.