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Community and Economic Development Committee <br /> January 26, 2004 <br /> Page 2 <br /> homes ranging in price from $160,000 to $275,000, for a total project cost of $1,380,000. The <br /> report concluded that the petitioner meets the qualifications under § 2-77.1 of the South Bend <br /> Municipal Code addressing"Single Family Real Property Tax Abatement". <br /> Michael Beitzinger of Community &Economic Development noted that the previously granted tax <br /> abatement expired on December 14th, and that a building permit was inadvertently pulled the next <br /> day for one of the properties. The petitioner has met all other requirements. It was recommended <br /> to go through the entire procedure again in order for a five-year abatement period to attach. <br /> Scott Johnson made the presentation. He noted that a total of 44 lots are in the development. <br /> Some of the properties have been pre-sold within the Kennsington Farms Subdivision with a <br /> variety of contractors being involved. <br /> In response to a question from Council Member Dieter it was noted that taxes range per home <br /> between $3,000 to $3,500. <br /> Council Member Puzzello inquired about the tax abatement period. <br /> Mr. Beitzinger stated that only the model homes are those properties where the contractor gets the <br /> abatement and when the property is sold the remaining amount of the 5-year abatement would then <br /> go to the purchaser. All other properties would be entitled to a five(5) year abatement as property <br /> owners. <br /> Mr. Urbanski noted that in Southfield, Garden Homes was able to use tax abatement as an <br /> incentive for building. Taxes range from$3,600 to$4,000 in that development. <br /> The Council Attorney requested Mr. Beitzinger to prepare a Substitute Bill No. 4-12 which <br /> included the property where a building permit was inadvertently pulled, in order for the Council to <br /> go forward this evening. <br /> Following discussion, Council Member Coleman made a motion, seconded by Council Member <br /> Kuspa that all of the abatements addressed in the reports be recommended favorably to Council. <br /> The motion passed. <br /> The Council Attorney noted that only Bill Nos. 4-11 and 4-12 could be heard together this <br /> evening. <br /> There being no further business to come before the Committee, Council Member Kelly adjourned <br /> the meeting at 4:38 p.m. <br /> Respectfully submitted, <br /> Council Member Roland Kelly, Chairperson <br /> Community and Economic Development Committee <br /> KCF:kmf <br /> Attachments <br />