Fiscal Plan for Waggoner's Dairy Farm, Inc. Phase II Annexation Area in German Township

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Waggoner's Dairy Farm, Inc. Phase HAnnexation Area 4 D. Size of Annexation Area The Annexation Area is 235.45 acres in area. E. Buildings and Land Use There is one residence with a large number of outbuildings within the Annexation Area. Current land use is Agriculture. F. Zoning & Subdivisions The Annexation Area is zoned "R" Residential in unincorporated St. Joseph County. It is proposed to be zoned "PUD" Planned Unit Development District upon approval of the City Council and incorporation into the City of South Bend. There are no subdivisions of record in the Annexation Area. G. Population One person currently resides in the Annexation Area. H. Tax Rate The tax rates used are those of 2004 payable in 2005. The Township Rate will decrease by $0.1027 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by $2.2655 with the addition of the City and Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. The net increase in property taxes will be $2.1628 per $100.00 of assessed valuation. Table] shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments 2004 payable 2005, St. Joseph County Auditor property tax records: Land: $168,800 Improvements: $244,800 Net: $413,600