Fiscal Plan for Mahler/Stidham Annexation Area in German Township

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Mahler /Stidham Annexation Area 4 There are two houses in the Annexation Area, one for each of the two properties. There are no immediate development plans, but it is anticipated that the properties will be developed as either commercial or industrial, based on the surrounding land uses. The most immediate need is that the purchase of the properties by the City of South Bend will be to widen and improve Cleveland Road. F. Zoning & Subdivisions The site is zoned "A" Agricultural and "M" Manufacturing in unincorporated St. Joseph County. It is proposed to be zoned "A" Single Family upon incorporation. G. Population There are two families currently residing in the Annexation Area. H. Tax Rate The tax rates used are those of 2001 payable in 2002. The Township Rate will decrease by $.1908 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund, the Fire debt Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by $2.8726 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 $2.6818 per $100.00 of assessed valuation. Table 1 shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments 2001 payable 2002, St. Joseph County Auditor property tax records: Land: $15,480.00 Improvements: $42,690.00 Net: $58,170.00 Estimated net assessment at build out for the proposed development: $320,000 J. Municipal Legislative District The Annexation Area will be in the 1st District.