Fiscal Plan for Salah & Cynthia Hilal II Annexation Area in German Township

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Salah & Cynthia Hilal II Annexation Area 4 D. Size of Annexation Area The Annexation Area is 3.20 acres in area. E. Buildings and Land Use The Annexation Area has a single - family home on it. F. Zoning & Subdivisions The site is zoned "R" Residential in unincorporated St. Joseph County. G. Population There is no population in the Annexation Area. H. Tax Rate The tax rates used are those of 2001 payable in 2002. r• 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 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: Net: $11,021 This figure is based on the percentage of the total assessed value, since only a portion of the site is being annexed. Estimated net assessment at build out for the proposed development: $572,700 I Municipal Legislative District The Annexation Area will be in the 1 st District.