Fiscal Plan for J. Douglas Daugherty Annexation Area in German Township

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✓.Douglas Daugherty Annexation Area 4 E. Buildings and Land Use There is currently one home within the Annexation Area. The home will eventually be torn down. No specific land use is being proposed at the present time, but the land will most likely be incorporated into a commercial or industrial development in the future. F. Zoning & Subdivisions The site is zoned "R" Residential in unincorporated St. Joseph County. It is proposed to be zoned "SFl" Single - family Residential upon approval of the City Council and incorporation into the City of South Bend. G. Population Two people reside in the Annexation Area. H. Tax Rate The tax rates used are those of 2002 payable in 2003. The Township Rate will decrease by $.1191 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund, the Fire Equipment Debt Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by $2.1341 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 $2.015 per $100.00 of assessed valuation. Table 1 shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments 2002 payable 2003, St. Joseph County Auditor property tax records: Land: $14,100.00 Improvements: $95,600.00 Net: $74,700.00 J. Municipal Legislative District The Annexation Area will be in the 1 st District.