Bill No. 23-18 Resolution Designating 5 yr. Tax Abatement for 724 & 726 Harrison Ave.

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Filed in Clerk's Office STATEMENT OF BENEFITS MAR 3C 2023 2023 PAY 2024 e' 1 REAL ESTATE IMPROVEMENTS L___ State Form 51767(R71 1-21) DAWN M.JONES FORM SB-1/Real Property Prescribed by the Department of Local Government Fina 1cciTY CLERK,SOUTH BEND,IN PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concerning the cost O Redevelopment or rehabilitation of real estate Improvements(IC 6-1.1-12.1-4) of the proper and spools salaries 11 paid to Individual employees by the Residentially distressed area(IC 6.1.1-12.1-4.1) rope ty owner Is conSdentlal per INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area poor to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise,this statement must be submitted to the designating body BEFORE(he redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction 3. To obtain a deduction,a Form 322/RE must be filed with the county auditor before May 10 in the year In which the addition to assessed valuation is made or not later than thirty(30/days after the assessment notice is mailed to the property owner if it was mailed after April 10 A property owner who failed to file a deduction application within the prescribed deadline may file an application between January 1 and May 1 0 of a subsequent year. 4. A property owner who files for the deduction must provide the county auditor and designating body with a Form CF.1/Roal Property The Form CF-1/Real Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. IC 6-1.1-t2.1-5.1(b) 5. For a Form SB-1/Real Property that is approved after June 30. 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/Raaf Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in effect. IC 6-1.1-12.1-17 SECTION 1 TAXPAYER INFORMATION Name of taxpayer Cross Community Inc. Address of taxpayer Number and Street 707 Sherman Ave cIm South Bend SUte: IN ZIP: 46616 Noma of contact person Telephone number -E-mail address Ptnt Ntune Tina h,st N,mr. Patton (574)876-2106 tmpatton2@comcest.net SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of the City of South Bend Location of property County DLGF taxing dIstnct number NumberanJ ,.t 724 Harrison Avenue City,South Bend sett IN IIP:46616 St. Joseph 026(South Bend-Portage) Description of real property Improvernonts,redevelopment,or rehabiiiaton(use additional sheets If necessary) Estimated start dole(month,day,year) We will building 2 new homes that in general will be between 1390-1620 sgft. The homes will 5/1/2023 be sold to first time homeowners who have participated in financial/credit building workshops. Estimated compleacedate{ironer,day,year) 12/1/2023 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Sale/les Number Additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS _ COST ASSESSED VALUE Current values _ $2,600 Plus estimated values of proposed project _ S 220,000 $242,408 Less values of arty property being replaced Net estimated values upon completion of project $220,000 $245,000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits The homes will be sold to first time homeowners who have participated in financial/credit building workshops. SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized representative Date elated(month.day,year) 3/30/2023 Printed name of authorized representativeTitle Tina Patton President Page 1 of 2