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Thomas J. Brunner, Jr. <br />City Attorney <br />Robert M. Parker <br />Chief Deputy <br />����V01.UT /ONE/ <br />CITY of SOUTH BEND <br />PETER J. NEMETH, Mayor LU z <br />�J a <br />COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 <br />4DION <br />February 9, 1977 <br />219/284 -9241 <br />South Bend Common Council <br />4th floor Council Chambers <br />County -City Building <br />227 W. Jefferson Blvd. <br />South Bend, Indiana 46601 <br />Re: Voluntary Annexation - Laurel Road Property <br />To the Members of the Common Council: <br />The attached ordinance is for the voluntary annexation of the tract <br />of land comprising approximately 37.6 acres in Clay Township. Sub- <br />mitted with the ordinance is the petition for voluntary annexation <br />signed by holders of legal title of the involved property, an engineer- <br />ing study showing the cost - benefit analysis of the annexation and the <br />manner of supplying services, and a map showing the tract to be <br />annexed. <br />The rectangular tract of land is generally described as comprising <br />38 acres. The actual acreage is approximately 37.6 due to the fact <br />that the property is subject to the legal highway which is Auten Road <br />on the north side of the tract. <br />The owners of the large rectangular tract are six individuals who hold <br />title to the westerly one -third and the Woldhaven Homes Trust which is <br />selling the remaining land on land- contract to Laurel Woods Development <br />Corporation. All interested parties have signed the voluntary petition <br />to annex. Thus the petition in fact represents 100% of the owners of <br />the large rectangular tract of land. <br />The engineering study which is attached shows the proposed development <br />of the tract, proposed assessed valuation and anticipated revenues <br />based upon the present city tax rate and the per capita refund to be <br />received from the State of Indiana. Total annual anticipated revenue <br />is $91,549• <br />