Confirming Tax Abatement - Cleland Builders, Inc. Lots 16 through 42 & 62 through 72 Jade Crossing Subdivision Section 4 (5 Year Residential Real Property)

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1200 Cou -Cm BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601 -1830 PHoNE 574/ 235-9371 FAx 574/235 -9021 TDD 574/ 235 -5567 CITY OF SOUrH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY & ECONOMIC DEVELOPMENT SHARON T. KENDALL EXECUTNE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: TEDDSCHAFFER SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: CLELAND BUILDERS, INC. JADE CROSSING SECTION 4 DATE: August 16, 2005 On August 8, 2005, a petition for residential real property tax abatement consideration for property identified as vacant land south side of Brick Road, attached, was filed with the City Clerk by Cleland Builders, Inc. Pursuant to Chapter 2, Article 6, Section 2 -77 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 SUMMARY The petitioner would like to continue development of the Jade Crossing subdivision. Jade Crossing is located directly South of Brick Road, midway between Portage Ave. and the U.S. 31 Bypass. The petitioner, Cleland Builders, Inc., proposes to build thirty -eight (38) stick built homes on identified lots on vacant land south side of Brick Road. The average home will cost $158,158, making the total project cost approximately $6,010,000. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL C' PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235 -9660 574/235 -9371 EMUeETH LEONARD FAx: 5741235 -9697 574/235 -9371