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Portage Road Unincorporated Triangle Annexation Area 4 <br />E. Buildings and Land Use <br />The Annexation Area currently consists of vacant land. One Commercial /Restaurant <br />building is planned at 4,500 square feet with a drive - through facility, which is <br />subdivided into two storefronts at 1,800 and 2,700 square feet respectfully. The <br />proposed site plan illustrates 22 parking spaces with 30' front, 20' rear, and 10' side <br />setbacks. <br />F. Zoning & Subdivisions <br />The site is zoned °R" Residential in unincorporated St. Joseph County. It is proposed <br />to be zoned "CB" Community Business upon approval of the City Council and <br />incorporation into the City of South Bend. <br />G. Population <br />No people currently reside in the Annexation Area. <br />H. Tax Rate <br />The tax rates used are those of 2006 payable in 2007. <br />The Township Rate will decrease by $0.1404 per $100.00 of assessed valuation with <br />the deletion of the Fire Fighting Fund and the Cumulative Fire assessments. <br />The tax rate for the Annexation Area will increase by 2.2482 per $100.00 of assessed <br />valuation with the addition of the City and Town Rate, the Redevelopment District <br />Rate and the South Bend Transpo Rate. <br />The net increase in property taxes will be $2.1078 per $100.00 of assessed valuation. <br />Table 1 shows representative tax rate information as published by the St. Joseph <br />County Auditor. Please note that this data is shown for informational purposes only, <br />and HB 1001 will affect these rates. <br />I. Assessments <br />2006 payable 2007, St. Joseph County Auditor property tax records: <br />Land: $21,100 <br />Improvements: $0 <br />Net: $21,100 <br />J. Municipal Legislative District <br />The Annexation Area will be in the 1st District. <br />