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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: KATHY HAHN <br />PHONE: 574 /235 -9371 <br />FAx: 574/235 -9021 <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION <br />FOR: <br />Cooreman Real Estate Group, Inc. <br />DATE: October 23, 2014 <br />On October 22, 2014, a petition for residential tax abatement consideration for real property <br />located at The Villas at Lake Blackthorn street address of 4946 Stern Line Court, 5004 Stern <br />Line Court and 4949 Bow Line Court. Pursuant to Chapter 2, Article 6, Section 2 -77.1 of <br />the Municipal Code of the City of South Bend, this petition was referred to the Department <br />of Community Investment for purposes of investigation and preparation of a report <br />determining whether the area qualifies as a Residentially Distressed Area pursuant to <br />I.C.6 -1.1 -12.1 and whether all zoning requirements have been met. <br />The Department of Community Investment has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />The petitioners intend to construct three 1,800 square foot single family homes on three lots <br />in The Villas at Lake Blackthorn in Sections I and II at a cost of $250,000 for each home. . <br />The homes will have three bedrooms, 2 baths along with a 2 car garage. These three <br />properties were left of an existing abatement which expires on 11/12/2018. They had <br />personnel changes within the company around the time of filing the existing abatement and <br />a careful audit of the lots to be included was not conducted resulting in the three lots being <br />left of in error. By filing for a new abatement they will have two years to develop and sell <br />the lots. As an alternative to filing an abatement extension to an existing abatement would <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />11TIN KAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEEB <br />