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41'-"•• STATEMENT OF BENEFITS <br /> 2024 PAY2025 <br /> REAL ESTATE IMPROVEMENTS <br /> State Form 51767(R7/1-21) FORM SB-1/Real Property <br /> Prescribed by the Department of Local Government Finance <br /> PRIVACY NOTICE <br /> This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concerning the cost <br /> ❑ Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the property and specific salaries <br /> paid to individual employees by the <br /> ❑r Residentially distressed area(IC 6-1.1-12.1-4.1) property owner Is confidential per <br /> IC 6-1.1-12.1-5.1. <br /> INSTRUCTIONS: <br /> 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires <br /> information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise,this statement must be <br /> submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. <br /> 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 <br /> the redevelopment or rehabilitation for which the person desires to claim a deduction. <br /> 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 <br /> 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 <br /> failed to file a deduction application within the prescribed deadline may file an application between January 1 and May 10 of a subsequent year. <br /> 4. A property owner who files for the deduction must provide the county auditor and designating body with a Form CF-1/Real Property The Form CF-1/Real <br /> 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. <br /> IC 6-1.1-12.1-5.1(b) <br /> 5. For a Form SS-I/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each <br /> deduction allowed. For a Form S8-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body <br /> remains in effect. iC 6-1.1-12.1-17 <br /> SECTION 1 TAXPAYER INFORMATION <br /> Name of taxpayer <br /> Cross Community, Inc. <br /> Address of taxpayer <br /> Number and Street: 707 Sherman Avenue city. South Bend state: IN ZIP: 46616 <br /> Name of contact person Telephone number E-mail address <br /> First Name: Tina last Name. Patton I (574)876-2106 tmpatton2©comcast.net <br /> ION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT <br /> Name of designating body Common Council of the City of South Bend Resolution number 5072-24 <br /> Location of property Number and Street City State LIP County DLGF taxing district number <br /> 726 Harrison Avenue South Bend IN 46616 St. Joseph 026(South Bend-Portage) <br /> Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) <br /> New single-family home on a vacant lot. 5/1/2023 <br /> Estimated completion date(month.day,year) <br /> 12/1/2023 <br /> SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT <br /> Current Number Salaries Number Retained Salaries Number Additional Salaries <br /> SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT <br /> REAL ESTATE IMPROVEMENTS <br /> COST ASSESSED VALUE <br /> Current values $o $o <br /> Plus estimated values of proposed project $220.000 $176,000 <br /> Less values of any property being replaced _ $0 $0 <br /> Net estimated values upon completion of project S 220,000 $176,000 <br /> SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER <br /> Estimated solid waste converted(pounds) 0 Estimated hazardous waste converted(pounds) 0 <br /> Other benefits <br /> The home will be sold to a first-time homeowner who has participated in financial/credit building <br /> workshops. <br /> SECTION 6 TAXPAYER CERTIFICATION <br /> I hereby certify that the repres ntations in this tement are t e. <br /> 4 <br /> Signature of authorized representative Date n tlr, <br /> • <br /> Printed name of authorized representative Title J <br /> Tina M. Patton President <br /> Page 1 of 2 <br />