03-23-15 Agenda. Packet & Committee Meeting Notice

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°" c STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS State Form 51767 (R2 / 1 -07) "O Prescribed by the Department of Local Government Finance This statement is being completed for real property that qualifies under the following Indiana Code (check one box): Redevelopment or rehabilitation of real estate improvements (IC 6- 1.1- 12.1 -4) ❑ Eligible vacant building (IC 6- 1.1- 12.1 -4.8) 20_ PAY 20_ FORM SB -1 I Real Property INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE the redevelopment orrehabilitation of real property for which the person wishes to claim a deduction. "Projects" planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6 -1.1 -12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, BEFORE a deduction may be approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERA/VBD, Whichever is applicable, must be filed with the County Auditor by the later of., (1) May 10; or (2) thirty (30) days after the notice of addition to assessed valuation or new assessment is mailed to the property owner at the address shown on the records of the township assessor. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF -1 /Real Property annually to the application to show compliance with the Statement of Benefits. (lC 6- 1.1- 12.1- 5.1(b) and IC 6- 1.1- 12.1 - 5.30)] 5. The schedules established under IC 6- 1.1- 12.1 -4(d) for rehabilitated property and under IC 6 -1.1 -12.1- 4.8(1) for vacant buildings apply to any statement of benefits approved on or after July 1, 2000. The schedules effective prior to July 1, 2000, shall continue to apply to a statement of benefits filed before July 1, 2000. SECTION •- Name of taxpayer South Bend Mutual Homes, L.P. Address of taxpayer (numberand street, city, state, and ZIP code) 724 W Washington Street South Bend IN 46601 Name of contact person Telephone number 2884369 Anne Mannix E -mail address amannix.ndacgmail.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body City Of $ W d1 Bend Resolution number Location of property 1015, 1042 and 1107 Oak Street, South Bend, IN County Coun Seinl Joseph g district number 71026 Description of real property Improvements, redevelopment, or rehabilitation (use additional sheets if necessary) tart date (month, day, year) Three single family homes will be re- established in the neighborhood using lots that were formerly residential and remained zoned as such. LEsUmted 5 ompletion date (month, day, year) 6 SECTION OF • AND SALARIES AS RESULT=SED PROJECT Current number Salaries Number retained Salaries Number additional Salaries 1 $35600 SECTION • • • • •••• PROJECT NOTE: Pursuant to IC 6 -1.1- 12.1 -5.1 (d) (2) the COST of the property REAL ESTATE IMPROVEMENTS is confidential. COST ASSESSED VALUE Current values $ 3,000 $10.200 Plus estimated values of proposed project $ 617,871 $60.000 values restricted because of Less values of any property being replaced .0--0- limited rents/carrying charges" Net estimated values upon completion of project $620,871 $70200 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) Na Estimated hazardous waste converted (pounds) rile Other benefits South Bend Mutual Homes vnll bring the development of a residential cooperative to the Lilcolnway Corridor. The housing %QIll quality and will be afforda.bl —�-avr4r income families who seek long term, stable housing options.ARadable housing will bring about ^tir)Led much needed neighborhoods i oanareaofSouth Berhil in nbad bta'c redevel The hones will be built with a number of green elements that vnll provide for log term suslainabiity and affordability. ..__._ - F---.- •. -2 [015 I CITY CLEA:", IN SECTION 6 TAXPAYER CERTIFICATION I hereby Certify that the representations in this statement are true. Signature of authorized representative /� / fL� Title South Bend Mutual Homes, L.P. Date signed (month, day, year) 2120115 c^*-, BY: South Bend Mutual Homes, GP,LLC ,,age 1 of 2 BY: Anne Mannix, Member mant.