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a "s <br />STATEMENT OF BENEFITS <br />r1 <br />REAL ESTATE IMPROVEMENTS <br />rJ <br />Slate Form 51767 (R2 / 1 -07) <br />Prescribed by the Department of Local Government Finance <br />This statement is being completed for real property that qualifies under the following Indiana Code (check one box): <br />0 Redevelopment or rehabilitation of real estate improvements (IC 6- 1.1- 12.1 -4) <br />❑ Eligible vacant building (IC 6 -1.1- 12.1 -4.8) <br />20_ PAY 20_ <br />FORM SB -1 I Real Property <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 />"Projects" planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6 -1.1 -12.1) <br />2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, <br />BEFORE deduction maybe approved. <br />3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERANBD, Whichever is applicable, must be filed with the County Auditor by the later <br />of (1) May 10, or (2) thirty (30) days after the notice of addition to assessed valuation or new assessment is mailed to the property owner at the address <br />shown on the records of the township assessor. <br />4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF -1 /Real Property annually to the application to <br />show compliance with the Statement of Benefits. (IC 6- 1.1- 12.1- 5.1(b) and IC 6- 1.1- 12.1- 5.36)) <br />5. The schedules established under IC 6- 1.1- 12.1 -4(d) for rehabilitated property and under IC 6 -1.1- 12.1- 4.8(1) for vacant buildings apply to any statement <br />of benefits approved on or after July 1, 2000. The schedules effective prior to July 1, 2000, shall continue to apply to a statement of benefits filed before <br />July 1, 2000. <br />SECTION INFORMATION <br />Name of taxpayer <br />Lincoln Park Development LLC <br />Address of taxpayer (number and street, city, state, and ZIP code) <br />724 W Washington Street South Bend IN 46601 <br />Name of contact person Telephone number 2884369 <br />E -mail address <br />Anne Mannix <br />amwnix.nda @mmcast.net <br />SECTION • • AND DESCRIPTION OF •••• PROJECT <br />56,300 <br />Name of designating body <br />South Bend Mutual Homes <br />Resotulion number <br />Location of property <br />Lincoln Park Neighborhood <br />County <br />Saint Joseph <br />DLGF taxing district number <br />0 <br />71026 <br />Description of real property improvements, redevelopment, or rehabilitation (use additional sheets if necessary) <br />Estimated start date (month, day. year) <br />24 Single family homes will be reestablished in the neighborhood using lots that were formerly residential and remained zoned as such. <br />10/20/14 <br />Estimated completion date (month, day. year) <br />SECTION OF • AND SALARIES AS RESULT OF .••• r • -• <br />e number <br />addiuppal ISalaries $35,000 <br />NOTE: Pursuant to IC 6 -1.1- 12.1 -5.1 (d) (2) the COST of the property <br />REAL ESTATE IMPROVEMENTS <br />is confidential. <br />COST <br />ASSESSED VALUE <br />Current values <br />25,000 <br />56,300 <br />Plus estimated values of proposed project <br />$4689376 <br />$485,000 <br />Less values of any property being replaced <br />0 <br />Net estimated values upon comnletion of nrnient <br />3471437fi <br />11 <br />¢eoc inn <br />Estimated solid waste converted (pounds) <br />n/a <br />Estimated hazardous <br />Other benefits <br />South Bend Mutual Homes will bring the development of a residential cooperative to the Linoolnway Corridor. The It <br />intone families who seek long term, stable housing options. Affordable housing will bring about much needed freight <br />The homes will be built with a number of green elements that will provide for long term sustainablity and affordability. <br />I hereby certify that the representations in this statement are true. <br />n/a <br />tCAifkp, ,..5 2014 <br />JOHN V.201'ZE <br />CITY CLEW", 30J T SM BEND, IN <br />Signature of a_ uthorized representative Title Member, Lincoln Park Development, LLC Date signed (month, day, year) 5/2/14 <br />Page 1 of 2 <br />