Fiscal Plan for Portage Road Unicorporated Trinagle Annexation Area German Township

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Portage Road Unincorporated Triangle Annexation Area 4 E. Buildings and Land Use The Annexation Area currently consists of vacant land. One Commercial/Restaurant building is planned at 4,500 square feet with adrive-through facility, which is subdivided into two storefronts at 1,800 and 2,700 square feet respectfully. The proposed site plan illustrates 22 parking spaces with 30' front, 20' rear, and 10' side setbacks. F. Zoning & Subdivisions The site is zoned °R" Residential 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: $21,100 Improvements: $0 Net: $21,100 ]. Municipal Legislative District The Annexation Area will be in the 1st District.