Bill No. 23-16 Resolution Adopting a Written Fiscal Plan & Policy for Annexation Area German Twp. - Resurrection Lutheran Annexation

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Resurrection Lutheran Annexation Area 4 E. Buildings& Land Use The Annexation Area contains vacant land. An expansion of the adjoining Resurrection Lutheran Academy parking lot and landscaping area are proposed for the land. F. Zoning&Subdivisions The two properties in the Annexation Area are currently zoned A Agricultural District in St. Joseph County. With the annexation ordinance, the properties would automatically be zoned as S1 Suburban Neighborhood 1 in the City. The Annexation Area does not fall within any subdivision of record. G. Population No people currently reside in the Annexation Area. After development, no residents are proposed to live in the Annexation Area. H. Tax Rate& Impact The tax rates used are those of 2022 payable 2023. The total tax rate for unincorporated German Township is 2.4383 per $100 of taxable real estate. The total tax rate for South Bend German Township is 5.2560 per $100 of taxable real estate. Per State law, the tax caps expressed as a percentage of the gross assessed value for different classifications of property are as follows, regardless of the property's location being within South Bend or unincorporated St. Joseph County: Property Type Cap Homestead Residential 1.0% Non-Homestead Residential 2.0% Agricultural 2.0% Other (Commercial) 3.0% For at least the four years after the effective date of the annexation,the expected tax rates, tax levies, expenditure levels, service levels, and annual debt service payments are estimated to be approximately the same as those in effect at the time of annexation for each of the political subdivisions to which the proposed annexation applies. Because of the relatively small size of the Annexation Area and its assessed value relative to the total size and tax base of the various political subdivisions, this annexation is expected, for at least four years after the effective date of this annexation, to have a negligible impact on the finances and tax revenues of South Bend and other political subdivisions to which the proposed annexation applies, on the political subdivisions in St. Joseph County not part of this annexation, and on taxpayers not part of this annexation.