Fiscal Plan for Kidder II Annexation Area in German Township

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Kidder 11 Annexation Area. q D. Size and Topography The Annexation Area is approximately 43.56 acres. The topography is relatively flat. E. Buildings and Land Use The site is an open field. There are no structures on the site. The potential use of the site is for industrial development. F. Zoning & Subdivisions The site is currently zoned "R" Residential in unincorporated St. Joseph County. The site is 100% subdivided. The Area is proposed to be zoned "IP' Industrial Park upon annexation. Kidder's Olive Road Minor Subdivision, Lot 3 Instrument # 9818752 G. Population There is no population within the Annexation Area. H. Tax Rate The tax rates used are those of 1997 payable in 1998. The Township Rate will decrease by $.5091 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 $7.3263 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 $6.8172 per $100.00 of assessed valuation. Table 2 shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments Net Assessment 1997 payable 1998, St. Joseph County Auditor property tax records: Net Assessment: $7,930.00 J. Councilmanic District The Annexation Area will be in Councilmanic District 1.