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HomeMy WebLinkAboutConfirming Tax Abatement - Kendall-Weiss, LLP Lafayette Falls - Phase IV Lots 285-313, 340-383, 385-394 & 436-450 (5 Year Residential Property)RESOLUTION 3919-08 Passed by the Common Council of the City of South Bend, Indiana November 10, Attest: ~~ ,. 2008 Presented by me to the Mayor of the City of South Bend, Indiana November 12, 20 08 City Clerk President of Common Council Approved and signed by me November 12 20 U 8 City Clerk RESOLUTION NO. 3~ ~ ~ - fig' A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LAFAYETTE FALLS -PHASE IV LOT NUMBERS 285-313, 340-383, 385-394 and 436-450 ALL IN PHASE IV AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR KENDALL - WEI55, LLP WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as Lots 285 Address Tax Key #s 1526 Brick Drive or 6827 Mackey Court Unavailable for all lots. 286 6833 Mackey Court 287 6839 Mackey Court 288 6845 Mackey Court 289 6851 Mackev Court 290 6905 Mackey Court 291 6915 Mackey Court 292 1538 Mackey Drive 293 1530 Mackey Drive 294 1522 Mackey Drive 295 1514 Mackey Drive 296 1506 Mackey Drive or 6903 Stewart Drive 297 1424 Macke~ Drive or 6904 Stewart Drive 298 1418 Mackey _Drive 299 1412 Mackey _Drive 300 1406 Mackey Drive 301 1320 Mackey Drive 302 1312 Mackev Drive 303 1304 Mackey Drive 304 1226 Mackey Drive 305 1220 Mackey Drive 306 1214 Mackey Drive 307 1208 Mackey Drive 308 1202 Mackey Drive 309 1134 Mackey Drive 310 1128 Mackey Drive 311 1122 Mackey Drive 312 1116 Mackey Drive 313 1110 Mackey Drive 340 1104 Mackey Drive or 6905 Wiley Drive 341 6942 Lutz Drive or 6906 Wiley Drive 342 6934 Lutz Drive 343 6928 Lutz Drive 344 6927 Lutz Drive 345 6935 Lutz Drive 346 1101 Mackey Drive 347 1105 Mackey Drive 348 1111 Mackey Drive 349 1117 Mackey Drive 350 1123 Mackey Drive 351 1129 Mackey Drive 352 1135 Mackey Drive 353 1141 Mackey Drive or 6844 Jacktown Drive 354 6836 Jacktown Drive 355 6822 Jacktown Drive 356 6814 Jacktown Drive or 1134 Keady Court 357 1126 Keadv Court 358 1120 Keadv Court 359 1114 Keady Court 360 1108 Keady Court 361 1102 Keadv Court 362 1040 Keady Court 363 1034 Keady Court 364 1028 Keadv Court 365 1022 Keady Court 366 1025 Keadv Court 367 1031 Keady Court 36$ 1037 Keady Court 369 1043 Keady Court 370 1107 Keady Court 371 1113 Keady Court 372 1119 Keady Court 373 1125 Keady Court 374 1215 Keady Court 375 1225 Keady Court 376 1305 Keady Court 377 1311 Keady Court 378 131? Keady Court 379 1323 Keadv Court 380 1329 Keady Court 381 1403 Keady Court 382 1409 Keady Court 383 1415 Keady Court or 1415 Stadium Drive 385 1406 Stadium Drive or 6803 Tyler Drive 386 6809 Tyler Drive 387 6815 Tyler Drive 388 6821 Tyler Drive 389 6827 Tyler Drive 390 6833 Tyler Drive 391 6839 Tyler Drive 392 6845 Tyler Drive 393 6851 Tyler Drive 394 6857 Tyler Drive or 1413 Mackey Drive 436 1305 Mackey Drive or 6844 Tyler Drive 437 6838 Tyler Drive 438 6832 Tyler Drive 439 6826 Tyler Drive 440 6822 Tyler Drive 441 6814 Tyler Drive 442 1308 Keady Court 443 1232 Keadv Court 444 1226 Keady Court 445 1220 Keady Court or 6807 Jacktown Drive 446 6815 Jacktown Drive 447 6823 Jacktown Drive 448 6831 Jacktown Drive 449 6839 Jacktown Drive 450 6847 Jacktown Drive or 1223 Mackey Drive all in South Bend, Indiana, and which is more particularly described as follows: LEGAL DESCRIPTION: LAFAYETTE FALLS, PHASE IV APART OF THE NORTHWEST QUARTER OF SECTION 2, TOWNSHIP 36 NORTH, RANGE 2 EAST, CENTRE TOWNSHIP, ST. JOSEPH COUNTY, INDIANA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID NORTHWEST QUARTER, SAID CORNER LYING SOUTH 89 DEGREES 04 MINUTES 47 SECONDS EAST, A DISTANCE OF 281.17 FEET FROM THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF SECTION 35, TOWNSHIP 37 NORTH, RANGE 2 EAST, SAID SOUTHWEST CORNER BEING MARKED BY A 5/8 INCH DIAMETER ROD, 0.1 FEET BELOW THE ROAD SURFACE; THENCE SOUTH 00 DEGREES 16 MINUTES 41 SECONDS WEST, ALONG THE WEST LINE OF SAID NORTHWEST QUARTER, A DISTANCE OF 2121.17 FEET TO THE SOUTH RIGHT-OF-WAY LINE OF BRICK DRIVE AS RECORDED IN LAFAYETTE FALLS, PHASE III, SECTION THREE RECORDED UNDER INSTRUMENT NUMBER 0808755 IN THE OFFICE OF RECORDER OF SAID COUNTY AND THE POINT OF BEGINNING; THENCE THE NEXT TEN COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS, PHASE III, SECTION THREE: (1) SOUTH 90 DEGREES 00 MINUTES 00 SECONDS EAST, A DISTANCE OF 139.07 FEET TO THE POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE SOUTHWEST, HAVING A RADIUS OF 30.00 FEET AND A CHORD OF 42.43 FEET BEARING SOUTH 45 DEGREES 00 MINUTES 00 SECONDS EAST; (2) THENCE SOUTHEASTERLY ALONG SAID CURVE, A DISTANCE OF 47.12 FEET; (3) THENCE SOUTH 00 DEGREES 00 MINUTES 00 SECONDS WEST, A DISTANCE OF 273.42 FEET TO THE POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE EAST, HAVING A RADIUS OF 125.00 FEET AND A CHORD OF 10.66 FEET BEARING SOUTH 02 DEGREES 26 MINUTES 36 SECONDS EAST; (4) THENCE SOUTHERLY ALONG SAID CURVE, A DISTANCE OF 10.66 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 30.00 FEET AND A CHORD OF 27.12 FEET BEARING SOUTH 21 DEGREES 59 MINUTES 07 SECONDS WEST; (5) THENCE SOUTHWESTERLY ALONG SAID CURVE, A DISTANCE OF 28.14 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTHEAST, HAVING A RADIUS OF 60.00 FEET AND A CHORD OF 119.99 FEET BEARING SOUTH 40 DEGREES 22 MINUTES 44 SECONDS EAST; (6) THENCE SOUTHEASTERLY ALONG SAID CURVE, A DISTANCE OF 186.90 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE SOUTH, HAVING A RADIUS OF 30.00 FEET AND A CHORD OF 27.12 FEET BEARING NORTH 77 DEGREES 15 MINUTES 25 SECONDS EAST; (7) THENCE EASTERLY ALONG SAID CURVE, A DISTANCE OF 28.14 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTH, HAVING A RADIUS OF 125.00 FEET AND A CHORD OF 30.75 FEET BEARING SOUTH 82 DEGREES 56 MINUTES 08 SECONDS EAST; (8) THENCE EASTERLY ALONG SAID CURVE, A DISTANCE OF 30.82 FEET; (9) THENCE SOUTH 90 DEGREES 00 MINUTES 00 SECONDS EAST, A DISTANCE OF 391.30 FEET; (10) THENCE NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST ALONG THE EAST LINE OF LAFAYETTE FALLS, PHASE III, SECTION ONE AS RECORDED UNDER INSTRUMENT NUMBER 0728461 IN THE OFFICE OF SAID RECORDER, A DISTANCE OF 584.92 FEET TO THE NORTHEAST CORNER OF LOT 405 IN LAFAYETTE FALLS, SECTION FIVE &LAFAYETTE FALLS, .PHASE III, LOTS 405 & 406 AS RECORDED UNDER INSTRUMENT NUMBER 0704435 IN THE OFFICE OF SAID RECORDER, SAID CORNER ALSO LYING ON THE POINT OF CURVATURE OF ANON-TANGENT CURVE, CONCAVE TO THE SOUTH, HAVING A RADIUS OF 1602.00 FEET AND A CHORD OF 13.30 FEET BEARING SOUTH 82 DEGREES 24 MINUTES 06 SECONDS EAST; THENCE EASTERLY ALONG SAID CURVE AND THE SOUTH RIGHT-OF-WAY LINE OF STADIUM DRIVE, A DISTANCE OF 13.30 FEET; THENCE THE NEXT FOUR COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS, SECTION FIVE &LAFAYETTE FALLS, PHASE III, LOTS 405 & 406: (1) NORTH 07 DEGREES 50 MINUTES 12 SECONDS EAST, A DISTANCE OF 50.00 FEET; (2) THENCE NORTH 18 DEGREES 43 MINUTES 18 SECONDS EAST, A DISTANCE OF 115.58 FEET; (3) THENCE NORTH 42 DEGREES 38 MINUTES 44 SECONDS EAST, A DISTANCE OF 57.21 FEET; (4) THENCE NORTH 58 DEGREES 07 MINUTES 46 SECONDS EAST, A DISTANCE OF 170.49 FEET TO THE SOUTHEAST CORNER OF LOT 54 IN LAFAYETTE FALL5, SECTION FOUR AS RECORDED UNDER INSTRUMENT NUMBER 0602210 IN THE OFFICE OF SAID RECORDER; THENCE THE NEXT SIX COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS SUBDIVISION, SECTION FOUR: (1) SOUTH 89 DEGREES 10 MINUTES 21 SECONDS EAST, A DISTANCE OF 371.03 FEET, (2) THENCE SOUTH 12 DEGREES 37 MINUTES 17 SECONDS EAST, A DISTANCE OF 80.47 FEET, (3) THENCE SOUTH 27 DEGREES 09 MINUTES 37 SECONDS EAST, A DISTANCE OF 165.85 FEET, (4) THENCE SOUTH 61 DEGREES 00 MINUTES 44 SECONDS EAST, A DISTANCE OF 165.85 FEET, (5) THENCE SOUTH 78 DEGREES 55 MINUTES 45 SECONDS EAST, A DISTANCE OF 108.66 4 FEET, (6) THENCE NORTH 81 DEGREES 58 MINUTES 30 SECONDS EAST, A DISTANCE OF 182.70 FEET TO THE SOUTHWEST CORNER OF LOT NUMBER 185 IN LAFAYETTE FALLS SUBDIVISION, SECTION TWO, RECORDED UNDER INSTRUMENT NUMBER 0451995 IN THE OFFICE OF SAID RECORDER; THENCE THE NEXT TWO COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS SUBDIVISION, SECTION TWO: (1) NORTH 83 DEGREES 42 MINUTES 21 SECONDS EAST, A DISTANCE OF 67.54 FEET, (2) THENCE SOUTH 56 DEGREES 29 MINUTES 48 SECONDS EAST, A DISTANCE OF 150.76 FEET TO A POINT ON THE BOUNDARY OF LAFAYETTE FALLS, PHASE III, SECTION TWO AS RECORDED UNDER INSTRUMENT NUMBER 0811195 IN THE OFFICE OF SAID RECORDER; THENCE NEXT FOUR COURSE ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS, PHASE III, SECTION TWO: (1) SOUTH 03 DEGREES 49 MINUTES 12 SECONDS EAST, A DISTANCE OF 84.83 FEET; (2) THENCE SOUTH 25 DEGREES OS MINUTES 08 SECONDS WEST, A DISTANCE OF 170.00 FEET; (3) THENCE SOUTH 49 DEGREES 57 MINUTES 33 SECONDS WEST, A DISTANCE OF 90.86 FEET; (4) THENCE SOUTH 34 DEGREES 39 MINUTES 21 SECONDS EAST, A DISTANCE OF 422.72 FEET TO THE SOUTH LINE OF SAID NORTHWEST QUARTER; THENCE NORTH 89 DEGREES 19 MINUTES 47 SECONDS WEST, A DISTANCE OF 2123.00 FEET TO THE WEST LINE OF SAID NORTHWEST QUARTER; THENCE NORTH 00 DEGREES 16 MINUTES 41 SECONDS EAST ALONG SAID WEST LINE, A DISTANCE OF 557.10 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED TRACT CONTAINING 29.118 ACRES, MORE OR LESS. SUBJECT TO ANY EASEMENTS, COVENANTS, RESTRICTIONS, AND RIGHT OF WAY OF RECORD. and this property which has Parent Parcel Tax Key Number 23-1002-0022.01 be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et sea., and South Bend Municipal Code Sections 2-76 et seq., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed azea have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6-1.1-12.1 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds that the azea meets one of the following conditions as formally established in Ordinance No. 9394-03, which was passed on February 10, 2003: 5 A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; or ii. are owned by a unit of local government; or D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or G. The area (plus any areas previously designated under this subsection) will not exceed ten percent (10%) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C." That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of the adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seQ. 6 SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. P,2ESENTED < <-10-~(~ P~rJ7 APPI;OVED ,,~.,~~ ~. -~ ~ l -l.o _o g Member of the on Council 7 Filed in Clerk's Office O CT 2 3 2008 JOHN VOORDE CITY CI.EnK, S0. BEND, IN. 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PHONE 574/ 235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~ ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY October 13, 2008 EXECUTIVE DIRECTOR Council Member Derek D. Dieter, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Real Property Tax Abatement Petition for: KENDALL - WEISS, LLP (Lafayette Falls -Phase IV) Dear Council Member Dieter: Please find attached the Department of Community & Economic Development's report on a residential real property tax abatement petition submitted by Kendall-Weiss, LLP to build ninety-eight (98), single- family homes on a 29.1 acre parcel which will become Lafayette Falls, Phase IV. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the department's findings relative to the above petition. The petitioner proposes to build ninety-eight (98) single-family homes at an estimated cost of $16,894,000. The project meets the qualifications for afive-year (5) real property tax abatement. The petitioner will be available to meet with the Committee on Monday, October 27, 2008. Should you or any of the other Council members have any questions concerning the report, or need additional information, please feel free to call me at 235-5835. Sincerely, /"I~"~v ~''I~~ Bob Mathia Assistant Director, Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL ~ PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574!235-9371 EL~znserH LEONARD Fax: 574/235-9697 574/235-9371 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PxoNE574i235-9371 Fax 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY HL ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: KENDALL - WEISS, LLP (Lafayette Falls: Phase IV, Lots Numbered 285- 313, 340 - 382, 385 - 394 and 436 - 450) DATE: October 13, 2008 On October 8, 2008, a petition for residential tax abatement consideration for real property located in Lafayette Falls, Phase IV was filed with the City Clerk by Kendall-Weiss. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Kendall-Weiss intends to construct ninety-eight (98), new, single-family homes on approximately 29.1 acres of land. The total estimated cost of the 98 homes is $16,894,000. The homes will be traditional single family homes. They will have three to four bedrooms with two to two and one-half bathrooms and range in size from 1,200 to 2,800 square feet with attached garages. Phase IV will include approximately 4,693 linear feet of public streets, private alleys for garage access and the associated public and private utilities. The cost of the homes will range between $150,000 and $225,000. Total taxes to be abated during the (5) five-year abatement period on one home valued at $150,000 are estimated at $6,659. Total taxes to be amid during the (5) five-year abatement period on one home are estimated at $1,938. If all 98 homes were valued at $150,000, the taxes abated for Phase IV of the subdivision would be $652,581 for five years and the taxes paid would be $189,895 for five years. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HL PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 5741235-9371 ELIZABETH LEONARD FAX: 574/235-9697 574/235-9371 South Bend Common Council RE: Kendall-Weiss, LLP October 13, 2008 Page 2 Total taxes to be abated during the (5) five-year abatement period on one home valued at $225,000 are estimated at $8,218. Total taxes to be paid during the (5) five-year abatement period on one home are estimated at $4,792. If all 98 homes were valued at $225,000, the taxes abated for Phase IV of the subdivision would be $805,376 for five years and the taxes paid would be $469,657 for five years. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the petitioner has been associated with or been granted the following previous tax abatements. Term/Type Resolution No. Date 5-year real property 3828-08 January 28, 2008 5-year real property 3810-07 November 12, 2007 5-year real property 3788-07 September 24, 2007 5-year real property 3697-07 February 12, 2007 5-year real property 3551-06 January 9, 2006 5-year real property 3494-OS July 25, 2005 5-year real property 3481-OS June 27, 2005 5-year real property 3398-04 October 25, 2004 5-year real property 3352-04 July 12, 2004 2. The Building Commissioner has reviewed the petition and finds th e property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is not located in any Tax Incremental Allocation Areas; therefore, no action is required by the South Bend Redevelopment Commission. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petition meets the qualifications fora (5) five-year residential tax abatement under Section 2-77.1, Single Family Residential Construction. 5 YEAR 13-Oct-08 Kendall -Weiss, LLP (Lafavette Falls -Phase IV) South Bend Centre Township Residential Real Property Tax Abatement Schedule* Estimated Project Cost: Assessed Value: STRUCTURE (% AV of cost) 85.0% LAND Value _,_10000 ~, Gross Assessed Value Less Mortgage Exemption Less Homestead Deduction Less Supplemental Homestead Deduction Base Assessed Value 150.000.00 Total Taxes Tax Abated** Tax Paid*** 127, 500.00 127, 500.00 127, 500.00 10,000.00 N/A N/A 137, 500.00 127, 500.00 127, 500.00 (3,000.00) (3,000.00) (3,000.00) (45,000.00) (45,000.00) (45,000.00) (31,325.00) (31,325.00) (31,325.00) 58,175.00 48,175.00 48,175.00 Less Maximum Abatement Deduction Less Non-Abated Amount Plus Land Assessed Value Net Assessed Value Property Taxes: Assume constant tax rate of N/A N/A (48,175.00) N/A 0.00 N/A N/A N/A 10,000.00 58,175.00 48,175.00 10,000.00 4.3356% 4.3356% 4.3356% Gross Tax (tax rate x net assessed value) 2,522.24 2,088.68 433.56 Less State & County Homestead Credit: 0.4602% (267.72) (221.70) (46.02) Tax Due Before Circuit Breaker 2,254.51 1,866.97 387.54 Less Circuit Breaker Credit (535.18) (535.18) 0.00 Net Tax 1,719.34 1,331.80 387.54 Circuit Breaker Cap Circuit Breaker Debt Service Circuit Braker Cap 1.0000% 1,375.00 1,275.00 1,375.00 0.5919% 344.34 285.15 59.19 1,719.34 1,560.15 1,434.19 Net Total Assessed Taxes Tax Tax Year Value Due Abated Paid 1 58,175.00 1,719.34 1,331.80 387.54 2 58,175.00 1,719.34 1,331.80 387.54 3 58,175.00 1,719.34 1,331.80 387.54 4 58,175.00 1,719.34 1,331.80 387.54 5 58,175.00 1,719.34 1,331.80 387.54 5 year totals: 8,596.69 6,658.99 1,937.70 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at $74,880 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of $74,880 and adding back the land assessed value. 5 YEAR 13-Oct-08 Kendall -Weiss (Lafayette Falls -Phase IV) South Bend Centre Township Residential Real Property Tax Abatement Schedule* Estimated Project Cost: Assessed Value: STRUCTURE (% AV of cost) 85.0 /o LAND Value 101000 Gross Assessed Value Less Mortgage Exemption Less Homestead Deduction Less Supplemental Homestead Deduction Base Assessed Value 225.OOO.OQ Total Taxes Tax Abated** Tax Paid*** 191,250.00 191,250.00 191,250.00 10,000.00 N/A N/A 201,250.00 191,250.00 191,250.00 (3,000.00) (3,000.00) (3,000.00) (45,000.00) (45,000.00) (45,000.00) (53,637.50) (53,637.50) (53,637.50) 99,612.50 89,612.50 89,612.50 Less Maximum Abatement Deduction Less Non-Abated Amount Plus Land Assessed Value Net Assessed Value Property Taxes: Assume constant tax rate of N/A N/A (74,880.00) N(A (14,732.50} NIA N/A N/A 10,000.00 99,612.50 74,880.00 24,732.50 4.3356% 4.3356% 4.3356% Gross Tax (tax rate x net assessed value) 4,318.80 3,246.50 1,072.30 Less State & County Homestead Credit: 0.4602% (458.42) (344.60) (113.82) Tax Due Before Circuit Breaker 3,860.38 2,901.90 958.48 Less Circuit Breaker Credit (1,258.28) (1,258.28) 0.00 Net Tax 2,602.11 1,643.62 958.48 Circuit Breaker Cap Circuit Breaker Debt Service Circuit Braker Cap 1.0000% 2,012.50 1,912.50 2,012.50 0.5919% 589.61 443.21 146.39 2,602.11 2,355.71 2,158.89 Net Total Assessed Taxes Tax Tax Year Value Due Abated Paid 1 99,612.50 2,602.11 1,643.62 958.48 2 99,612.50 2,602.11 1,643.62 958.48 3 99,612.50 2,602.11 1,643.62 958.48 4 99,612.50 2,602.11 1,643.62 958.48 5 99,612.50 2,602.11 1,643.62 958.48 5 year totals: 13,010.53 8,218.12 4,792.42 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at $74,880 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of $74,880 and adding back the land assessed value. ESTIMATED TOTAL TAX REVENUE Kendall -Weiss, LLP 98 Lots @ $150,000/House LAND" BUILDINGS'`'` TOTAL Year 1 $1,561 $36,418 $37,979 Year 2 1,561 36,418 37,979 Year 3 1,561 36,418 37,979 Year4 1,561 36,418 37,979 Year 5 1,561 36,418 37,979 Total $7,805 $182,090 $189,895 *Current tax levy for the 29.1 acres. "Includes 98 houses. Column total is net increase in tax revenue as a result of the project over its 5-year tax abatement term. ESTIMATED TOTAL TAX REVENUE Kendall -Weiss, LLP 98 Lots @ $225,000/House LAND* BUILDINGS''* TOTAL Year 1 $1,561 $92,370 $93,931 Year 2 1,561 92,370 93,931 Year 3 1,561 92,370 93,931 Year 4 1,561 92,370 93,931 Year 5 1,561 92,370 93,931 Total $7,805 $461,850 $469,655 'Current tax levy for the 29.1 acres. **Includes 98 houses. Column total is net increase in tax revenue as a result of the project over its 5-year tax abatement term. CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION 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., 6-1.1-12.1-1, et secU. and South Bend Municipal Code Sec. 2-76 et seq., for this petition states the following: 1. Describe the proposed construction project, including information about square footage, numbers of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as tot a zmportanee of the project (use additional sheet for long project descriptions): _ _ _ _ _ _ _ _ _ _ _ _ ._. _ . _. _ „ . _ ,, _ _ .~ . _ ._ ., .... -ter ,.,Y ~yctuiT,- t~~sF..D 't:7~J6~PM~'' wN~r.H- (~~ rN 2~+~ ~ t~tlA-st` .~L tNc.c~oF 5 ..9~ t~TS ~-J 2~ ~ A.C.~.F-r.~.-~_~,a93 Ve~EA.2 ~FF~T OF- ~6vJ i~/3e.tL- SY~-.~~,~ P/~trf~-;~'' A;.x..~~1 S t-~/L C~R2A~f' ~~.-~S~ A~t~ i'~1~..r 14-ssoo+A~Y-L~ PuC3c.cc,- A-N~~('/lt/fh'~=... ~tt~Y~ l,~s. _1~1r`f S tJc~.l~ _~~4n1G~ r~[ <t?~ ~~M 1~7~0 ; a z 800 SG2 ~'. ,~nl~ wr+-.L. iNGl~.14G t3A-s~~ + S, 2. Estimate the dollar value of the construction project (do not include Iand cost): $~ (a, ~Q~, 400 3. The real property for which tax abatement consideration is petitioned (Property} is owned or to be owned by the following individual(s) orcorporations {ifthe business organization is publiclyheld,indicate also the name of the corporate parent, if any, and the name under which the corporation has Bled with the Securities and Exchange Commission): arne Address Interest 4. The commonly known address of the Property is: S>~ A-Tt'AGi~f.~j 5r~~ S and having tax key no.: 23-[~Z-yozZ.o t ~` (use additional sheet for multiple addresses or key numbers). ~(r't-A,C ~~ ~ of PA2F~t~ PA1~~^ S. 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 property before construction is $ ~~ 00O (use additional sheet for multiple addresses). (This information maybe obtained from the St. Joseph County Assessor's 4tlice 235-9523) ~ p~ss~-ss~D JAwt~-»,~ o~ P~42.U,..n- PA~c.FC.. t~tAd~,.r~, ar- -,~a.~. t•o. ~ of z3- (oat- oozz.ol . 8. Photographs of the Properly, taken within two (2) weeks of the filing of this petition, are attached hereto, marked Exhibit "C", and incorporated herein. 9. 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):~''~" ~~~s 'F~2 i~staidit~JaL• t~'"rs ~7rnc~ ~ d~~ c pa.. n ~.»'7 ~ n r' ~ 1. n77_ r4,~ t~-R+f~ Yom" r~ t3F- A'SsE~s~O V 'I.E 141t~ GOO(p= ~(Ot.~ VKG.a7~ ~J"i,~tt~- _ ' (k5(ot 23 Au- TA-x~s PA-+fl Q~ ~~ o~/n1F~/L_ (This information maybe obtained from the St. Joseph County Treasurers office 235-9531) ' Tp~E~ Qtsrtb~'~. . t_tS~F_D i74t ~r.1F02-MR--s~o,... t S 'F•~2 ~-~ t.4. ~ ~3-loo Z- o~2z.o ~ 10. What is your best estimate of the after completion market value of the property: $ ~? ~ 3a' , O~ O 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. 12. List o they a nticipated p ublic f financing f or t he p roj ect, i ncIuding a ny a ssistance t o t e s ought o r already authorized through the United States Department of Housing and Urban Development funds from the City of South Bend, South Bend Housing Authority, Housing Assistance Office, St. Joseph County Housing Consortium or other public financial assistance, including but not limited to public works improvements: ~~~~ 13. Describe how the property has become undesirable for or impossible of normal development because of a lack of development, cessation of growth, deterioration of improvements or other factors which have impaired values and prevent a normal development of the property: FF-rV~l.~~p i~i'Q 't'r-1~ G rrY c~ ~ 50 ~'M- 4~ t~ A~n1 ~ hl~#-~ (.2FanA~~ ~~ t/A-c~9-~` S-,.lc_F ?...ooh Tl-~- ~.A-/u~ fS QbrNG A~/btt~PF-D f1-5 ~A- Myt,.Tl-C~h~-~~ I~StU~'A'~ Sv6D 1 ~/t St o~) TI-1~.-- ~ E MEN i ~ r~ i -.1 prTr2/~G'~NG R6ss O~~S 'Cb ' s }-}t5 D6JE_~PM6-,~; w~-,c,.t-F t-.~ 'ivlz~.,J Wtw tN~~S~ 'it~lt Gc't' (S PoR~~.Ar~©nJ A-~~'i~-y~ t3A~.. 14. The current use of the property is ~tJG,t,E- ~FAMtt-mil (.?.ES+ob~~"+Iktr- ~ t/,4~~ and the current zoning is SF 1 (use) and ~ {height and area). (This infozmation may be obtained from the Building Deparhnent 235-9553) 15. The property is located in the following Allocation Area (if any) declared and confirmed by the South Bend Redevelopment Commission (requiring approval of the tax abatement by the Redevelopment Commission): f~IA- 16. The following person should be contacted as the petitioners agent regarding additional information and public hearing notifications: Name n1 . C.o ,,~~ [.l-GG- ~uE~z~c. G Address X50 ~,vc.oc.~1 A-~ i~-sT City, State, Zip ~,~~- C3~nlt~, -n! 4~~01 Telephone _..(~~41 Z'~z - f37oo - WHEREFORE, Petitioner has paid the required fee of $50.00 and requests that the Common Council of the City of South Bend, Indiana, adopt a declaratory resolution designating the area described herein as a residentially distressed area for the purposes of real property tax abatement consideration, and a8er publication of notice and public hearing, determine that th qualifications for a residentially distressed area have been met, and confirm such resolution. Name of Property Owner(s): g1 1'`' '~,~j `^ ~~tE~Q ~ _ v L~ J~J i C~~~ tfi-6wJbA-l.I~ ~!r ~tS-,~~.~.~ P By: (Signature) ,~~,~~t/~r'~-'~-/L; I~P of Dk~~a~o-~S (Typed or punted name and capacity) z EXHIBIT A LEGAL DESCRIPTION: LAFAYETTE FALLS, PHASE IV A PART OF THE NORTHWEST QUARTER OF SECTION 2, TOWNSHIP 36 NORTH, RANGE 2 EAST, CENTRE TOWNSHIP, ST. JOSEPH COUNTY, INDIANA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID NORTHWEST QUARTER, SAID CORNER LYING SOUTH 89 DEGREES 04 MINUTES 47 SECONDS EAST, A DISTANCE OF 281.17 FEET FROM THE SOUTHWEST CORNER OF THE SOUTHWEST QUARTER OF SECTION 35, TOWNSHIP 37 NORTH, RANGE 2 EAST, SAID SOUTHWEST CORNER BEING MARKED BY A 5/8 INCH DIAMETER ROD, 0.1 FEET BELOW THE ROAD SURFACE; THENCE SOUTH 00 DEGREES 16 MINUTES 41 SECONDS WEST, ALONG THE WEST LINE OF SAID NORTHWEST QUARTER, A DISTANCE OF 2121.17 FEET TO THE SOUTH RIGHT-OF-WAY LINE OF BRICK DRIVE AS RECORDED IN LAFAYETTE FALLS, PHASE III, SECTION THREE RECORDED UNDER INSTRUMENT NUMBER 0808755 IN THE OFFICE OF RECORDER OF SAID COUNTY AND THE POINT OF BEGINNING; THENCE THE NEXT TEN COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS, PHASE III, SECTION THREE: (1) SOUTH 90 DEGREES 00 MINUTES 00 SECONDS EAST, A. DISTANCE OF 139.07 FEET TO THE POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE SOUTHWEST, HAVING A RADIUS OF 30.00 FEET AND A CHORD OF 42.43 FEET BEARING SOUTH 45 DEGREES 00 MINUTES 00 SECONDS EAST; (2) THENCE SOUTHEASTERLY ALONG SAID CURVE, A DISTANCE OF 47.12 FEET; (3) THENCE SOUTH 00 DEGREES 00 MINUTES 00 SECONDS WEST, A DISTANCE OF 273.42 FEET TO THE POINT OF CURVATURE OF A TANGENT CURVE, CONCAVE TO THE EAST, HAVING A RADIUS OF 125.00 FEET AND A CHORD OF 10.66 FEET BEARING SOUTH 02 DEGREES 26 MINUTES 36 SECONDS EAST; (4) THENCE SOUTHERLY ALONG SAID CURVE, A DISTANCE OF 10.66 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 30.00 FEET AND A CHORD OF 27.12 FEET BEARING SOUTH 21 DEGREES 59 MINUTES 07 SECONDS WEST; (5) THENCE SOUTHWESTERLY ALONG SAID CURVE, A DISTANCE OF 28.14 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTHEAST, HAVING A RADIUS OF 60.00 FEET AND A CHORD OF 1 19.99 FEET BEARING SOUTH 40 DEGREES 22 MINUTES 44 SECONDS EAST; (6) THENCE SOUTHEASTERLY ALONG SAID CURVE, A DISTANCE OF 186.90 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE SOUTH, HAVING A RADIUS OF 30.00 FEET AND A CHORD OF 27.12 FEET BEARING NORTH 77 DEGREES 15 MINUTES 25 SECONDS EAST; (7) THENCE EASTERLY ALONG SAID CURVE, A DISTANCE OF 28.14 FEET TO THE POINT OF CURVATURE OF A REVERSE CURVE, CONCAVE TO THE NORTH, HAVING A RADIUS OF 125.00 FEET AND A CHORD OF 30.75 FEET BEARING SOUTH 82 DEGREES 56 MINUTES 08 SECONDS EAST; (8) THENCE EASTERLY ALONG SAID CURVE, A DISTANCE OF 30.82 FEET; (9) THENCE SOUTH 90 DEGREES 00 MINUTES 00 SECONDS EAST, A DISTANCE OF 391.30 FEET; (10) THENCE NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST ALONG THE EAST LINE OF LAFAYETTE FALLS, PHASE III, SECTION ONE AS RECORDED UNDER INSTRUMENT NUMBER 0728461 IN THE OFFICE OF SAID RECORDER, A DISTANCE OF 584.92 FEET TO THE NORTHEAST CORNER OF LOT 405 IN LAFAYETTE FALLS, SECTION FIVE 8~ LAFAYETTE FALLS, PHASE III, LOTS 405 8~ 406 AS RECORDED UNDER INSTRUMENT NUMBER 0704435 IN THE OFFICE OF SAID RECORDER, SAID CORNER ALSO LYING ON THE POINT OF CURVATURE OF ANON-TANGENT CURVE, CONCAVE TO THE SOUTH, HAVING A RADIUS OF 1602.00 FEET AND A CHORD OF 13.30 FEET BEARING SOUTH 82 DEGREES 24 MINUTES O6 SECONDS EAST; THENCE EASTERLY ALONG SAID CURVE AND THE SOUTH RIGHT-OF-WAY LINE OF STADIUM DRIVE, A DISTANCE OF 13.30 FEET; THENCE THE NEXT FOUR COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS, SECTION FIVE 8~ LAFAYETTE FALLS, PHASE III, LOTS 405 8~ 406: (1) NORTH 07 DEGREES 50 MINUTES 12 SECONDS EAST, A DISTANCE OF 50.00 FEET; (2) THENCE NORTH 18 DEGREES 43 MINUTES 18 SECONDS EAST, A DISTANCE OF 1 15.58 FEET; (3) THENCE NORTH 42 DEGREES 38 MINUTES 44 SECONDS EAST, A DISTANCE OF 57.21 FEET; (4} THENCE NORTH 58 DEGREES 07 MINUTES 46 SECONDS EAST, A DISTANCE OF 170.49 FEET TO THE SOUTHEAST CORNER OF LOT 54 IN LAFAYETTE FALLS, SECTION FOUR AS RECORDED UNDER INSTRUMENT NUMBER 0602210 IN THE OFFICE OF SAID RECORDER; THENCE THE NEXT SIX COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS SUBDIVISION, SECTION FOUR: (1) SOUTH 89 DEGREES 10 MINUTES 21 SECONDS EAST, A DISTANCE OF 371.03 FEET, (2) THENCE SOUTH 12 DEGREES 37 MINUTES 17 SECONDS EAST, A DISTANCE OF 80.47 FEET, (3) THENCE SOUTH 27 DEGREES 09 MINUTES 37 SECONDS EAST, A DISTANCE OF 165.85 FEET, (4) THENCE SOUTH 61 DEGREES 00 MINUTES 44 SECONDS EAST, A DISTANCE OF 165.85 FEET, (5) THENCE SOUTH 78 DEGREES 55 MINUTES 45 SECONDS EAST, A DISTANCE OF 108.66 FEET, (6) THENCE NORTH 81 DEGREES 58 MINUTES 30 SECONDS EAST, A DISTANCE OF 182.70 FEET TO THE SOUTHWEST CORNER OF LOT NUMBER 185 IN LAFAYETTE FALLS SUBDIVISION, SECTION TWO, RECORDED UNDER INSTRUMENT NUMBER 0451995 IN THE OFFICE OF SAID RECORDER; THENCE THE NEXT TWO COURSES ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS SUBDIVISION, SECTION TWO: (1) NORTH 83 DEGREES 42 MINUTES 21 SECONDS EAST, A DISTANCE OF 67.54 FEET, (2) THENCE SOUTH 56 DEGREES 29 MINUTES 48 SECONDS EAST, A DISTANCE OF 150.76 FEET TO A POINT ON THE BOUNDARY OF LAFAYETTE FALLS, PHASE III, SECTION TWO AS RECORDED UNDER INSTRUMENT NUMBER 081 1 195 IN THE OFFICE OF SAID RECORDER; THENCE NEXT FOUR COURSE ALONG THE BOUNDARY OF SAID LAFAYETTE FALLS, PHASE III, SECTION TWO: (1) SOUTH 03 DEGREES 49 MINUTES 12 SECONDS EAST, A DISTANCE OF 84.83 FEET; (2) THENCE SOUTH 25 DEGREES 05 MINUTES 08 SECONDS WEST, A DISTANCE OF 170.00 FEET; (3) THENCE SOUTH 49 DEGREES 57 MINUTES 33 SECONDS WEST, A DISTANCE OF 90.86 FEET; (4) THENCE SOUTH 34 DEGREES 39 MINUTES 21 SECONDS EAST, A DISTANCE OF 422.72 FEET TO THE SOUTH LINE OF SAID NORTHWEST QUARTER; THENCE NORTH 89 DEGREES 19 MINUTES 47 SECONDS WEST, A DISTANCE OF 2123.00 FEET TO THE WEST LINE OF SAID NORTHWEST QUARTER; THENCE NORTH 00 DEGREES 16 MINUTES 41 SECONDS EAST ALONG SAID WEST LINE, A DISTANCE OF 557.10 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED TRACT CONTAINING 29.1 18 ACRES, MORE OR LESS. SUBJECT TO ANY EASEMENTS, COVENANTS, RESTRICTIONS, AND RIGHT OF WAY OF RECORD. F:\Projects\M3-1 167\Survey\Legals\M31167 LEGAL DESCRIPTION -PHASE FOUR PRIMARY.doc Property Addresses Lafayette Falls, Phase IV Lots 285 Address Tax Key #s 1526 Brick Drive or 6827 Mackey Court Unavailable for all lots. 286 6833 Mackey Court 287 6839 Mackey Court 288 6845 Mackey Court 289 6851 Mackey Court 290 6905 Mackey Court 291 6915 Mackey Court 292 1538 Mackey Drive 293 1530 Mackey Drive 294 1522 Mackey Drive 295 1514 Mackey Drive 296 1506 Mackey Drive or 6903 Stewart Drive 297 1424 Mackey Drive or 6904 Stewart Drive 298 1418 Mackey Drive 299 1412 Mackey Drive 300 1406 Mackey Drive 301 1320 Mackev Drive 302 1312 Mackey Drive 303 1304 Mackey Drive 304 1226 Mackey Drive 305 1220 Mackev Drive 306 1214 Mackey Drive 307 1208 Mackey Drive 308 1202 Mackey Drive 309 1134 Mackey Drive 310 1128 Mackey Drive 311 1122 Mackey Drive 312 1116 Mackey Drive 313 1110 Mackev Drive 340 1104 Mackey Drive or 6905 Wiley Drive 341 1018 Mackev Drive or 6906 Wiley Drive 342 1012 Macke Drive 343 1006 Mackey Drive 344 1003 Mackey Drive 345 1009 Mackey Drive 346 1015 Mackey Drive 347 1105 Macke Drive 348 1111 Mackey Drive 349 1117 Macke Drive 350 1123 Mackey Drive 351 1129 Mackey Drive 352 1135 Mackey Drive 353 1141 Mackey Drive or 6844 Jacktown Drive 354 6836 Jacktown Drive 355 6822 Jacktown Drive 356 6814 Jacktown Drive or 1134 Keady Court 357 1126 Keady Court 358 1120 Keady Court 359 1114 Keady Court 360 1108 Keady Court 361 1102 Keady Court 362 1040 Keady Court 363 1034 Keady Court 364 1028 Keady Court 365 1022 Keady Court 366 1025 Keady Court 367 1031 Keadv Court 368 1037 Keady Court 369 1043 Keady Court 370 1107 Keadv Court 371 1113 Keady Court 372 1119 Keady Court 373 1125 Keadv Court 374 1215 Keadv Court 375 1225 Keady Court 3_76 1305 Keady Court 377 1311 Keady Court 378 1317 Keady Court 379 1323 Keady Court 380 1329 Keadv Court 381 1403 Keady Court 382 1409 Keady Court 383 1415 Keady Court or 1415 Stadium Drive 385 1402 Stadium Drive or 6805 Tyler Drive 386 6813 Tyler Drive 387 6817 Tyler Drive 388 6821 Tyler Drive 389 6825 Tyler Drive 390 6829 Tyler Drive 391 6833 Tyler Drive 392 6837 Tyler Drive 393 6841 Tyler Drive 394 6845 Tyler Drive or 1407 Macke Drive 436 1305 Mackey Drive or 6844 Tyler Drive 437 6838 Tyler Drive 438 6832 Tyler Drive 439 6826 Tyler Drive 440 6822 Tyler Drive 441 6814 Tyler Drive 442 1308 Kead~Court 443 1232 Keady Court 444 1226 Kead~Court 445 1220 Kead~Court or 6807 Jacktown Drive 446 6815 Jacktown Drive 447 6823 Jacktown Drive 448 6831 Jacktown Drive 449 6839 Jacktown Drive 450 6847 Jacktown Drive or 1223 Mackey Drive The tax key number of the parent parcel is 23-1002-0022.01. Tax key numbers for the individual lots included within Lafayette Falls, Phase IV will be assigned by the County Auditor's office after each of the subsequent Secondary Plats are recorded. F.•IProjectslM3-11671Tax Abatementltax abatement -phase IV -property addresses.doc Filcd lerk'~ Gf ~iG~ 0 CT - 8 2008 JO1~~t,VODRDE CRY CLERL, SD. FicND, lN.