08-11-08 Council Meeting Agenda & Packet

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-•rT '+yT ~q ~ r W ~' z3 1 '~ E r ~.~-r f_ t , fa~fx ~ A~19~~;u1 a., The undersigned owner(s) of real property, located within the City of South Bend, Hereby petition the Common Council of the City of South Bend for Residential Real property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-i, et-se .and Sou~Ji Berd Municipal Code Sec. 2-76 et sea., for t`?is petition states the following: 1. Describe the proposed construction project, including information about square footage, number of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance ofthe project (use additional sheet for long project descriptions); Construction of 11 sin le famil homes includin sewers water mains storm sewers and retention basins aloe with ublic streets sidewalks and li tin 2. Estimate the dollar value of the construction project (do riot include land cost): $ 1 518 000.00 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following indrvidual(s) or corporations (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commsssion): Lzterest 1\Tame Address Cleland Builders 1117 Lincolnwa West Mishawaka IN 46544 Dvvner Vacant land, South side 4. The commonly known address of the Property is: of Brick Road South Bend IN and having tax key no.: See Attached Sheet (use additional sheet for multiple addresses or key numbers). 5. A legal description of said Property(s} is attached hereto, marked Exhibit `A', and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s} is attached hereto, marked Exhibit `B', and is incorporated herein. 7. The current assessed valuation of the properly before construction is $ 26 200 00 (see attached sheet) (use additional sheet for multiple addresses}. (This information may be obtained from the St. Joseph County Assessor's Qfr'ice 235-9523) 8. Photographs of the Property, taken within two (2) ~~~eeks of the filing of this petition, are attached r=ereto, marked Exhibit `C', and incorporated herein. List the real property taxes paid at the location during the previous two years, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): 2006 - $1 034.78 2007 - $1 034.78 (This infornation may br obtained from the Si. Joseph County Treasurers office 235-9533) i0. `JVhat is your best estimate of the after completion market value ofthe property: $ $1 815,000.00 11. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit may be issued after the South Bend Common Council has approved the Declaratory Resolution (Tax abatement is not available if a building permit has already been issued). The signature below is verification of this statement.