Fiscal Plan for Mark J. Halasz Annexation Area in Centre Township

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Mark J. Hal= Annexation Area 4 D. Size of Annexation Area The Annexation Area is 10.17 acres in area. E. Current Buildings, Land Use and Subdivision of Record There is one residence. Current land use is residential. There are no subdivisions of record. F. Zoning & Land Use The site is zoned "R" Residential in unincorporated St. Joseph County. It is proposed to be zoned "SF 1" Single - Family Residential District, upon approval of the City Council and incorporation into the City of South Bend. The proposed land use is a 17 -lot single family subdivision. G. Current and Estimated Future Population One person currently resides within the Annexation Area. Estimated future population is 41 based on 17 homes at a density of 2.4 (Census 2000 density) people per home. H. Tax Rate The tax rates used are those of 2003 payable in 2004. The Township Rate will decrease by $0.1002 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 $2.2954 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 $2.1952 per $100.00 of assessed valuation. Table] shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments 2003 payable 2004, St. Joseph County Auditor property tax records: Land: $27,300 Improvements: $77,200 Exemptions: $35,000 Net: $69,500