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<br />1200 C,ouNTY-CITY BUILllfNL; <br />227 W. JEFFERSON BOULEVARD <br />Sourx BEND, INDIANA 46601-1830 <br />PxONE574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY SL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVF•. DIRECTOR <br />July 25, 2008 <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Residential Real Property Tax Abatement Petition for: <br />CLELAND BUILDIERS, INC. (Jade Crossing -Section I) <br />Dear Council Member Dieter: <br />Please find attached the Department of Community & Economic Development's report on a residential <br />real property tax abatement petition submitted by Cleland Builders, Incorporated. This developer <br />intends to develop ten lots remaining in Section I of Jade Crossing. Also attached is a copy of the <br />petition, Statement of Benefits form, and supporting information. <br />Please note that the petitioner applied for a tax abatement on eleven lots, however, the Building <br />Department reported that one of those lots, lot number 77, already had a building permit issued <br />for it and a house constructed on it. Therefore, that lot, number 77, was deleted from the list and <br />the total number of lots reduced from eleven to ten. The project's cost estimates and estimated <br />taxes were reduced accordingly. <br />The report contains the department's findings relative to the above petition. The petitioner proposes to <br />develop the ten lots at a cost of $1,380,000. The developer has sold twenty-two lots under a prior tax <br />abatement. The term for that abatement expired June 8, 2008, and the developer is requesting a new tax <br />abatement in order to continue offering tax abatements as incentives for the sale of the remaining lots. <br />The project meets the qualifications for afive-year (5) real property tax abatement. The petitioner will <br />be available to meet. with the Committee on Monday, August 11, 2008. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5835. <br />Sincerely, <br />;~rtn ~ n -rr~- <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />COMMUNITY DEVF.C.OPMF.NT ECONOMIC D@VELOI ~MENT FINANCLAL SC PROGFGIM <br />PAMELA C. MEYF.R DONALD F.. INKS MANAGEtvCENT~ <br />574(235-9660 574/235-9371 ELIZADETH LEONnen <br />FAX: 574/235-9697 574/235-9371 <br />