Fiscal Plan for Ironwood/Killington (2) Annexation Area in Penn Township

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SECTION II. REQUIREMENTS OF STATE ANNEXATION LAW A. Applicability This fiscal plan meets the requirements of state law by adhering to the appropriate sections of the Indiana Code relative to contiguity (36- 4- 3 -1.5); the requirements pertaining to petitions requesting an ordinance to annex private lands to the municipality (36- 4 -3 -5); and all other applicable provisions relative tonotice, publication and recordation. More specific and detailed information, addressing the provisions of the applicable sections of State law, can be found in the appropriate sections of this fiscal plan. B. Petition by Property Owners Indiana Code 36- 4- 3- 5(a)(1)(B) requires that the owners of seventy -five percent (75 %) of the total assessed value of the land for property tax purposes sign the petition requesting the municipality for an ordinance to be annexed to the municipality. Since there is only one property owner involved, 100% of the assessed value of the property is represented in the petition requesting annexation. SECTION III. GENERAL DATA A. Location and Access The Annexation Area is located at the nortwest corner of Killington Way and Bromley Chase, which is approximately 220 feet east of Ironwood Road. A Vicinity Map and an Annexation Area Map, titled as such and showing the Annexation Area, can be found in the Appendix as Maps 1 and 2. The Annexation Area is identified on the Auditor's tax maps as Tax Key Numbers 14- 1035 -0590 (partial), and 14- 1035 - 059017 (Lot 26 of Stonehedge Subdivision, Sec. 1). Access to the Annexation Area is from Killington Way and Bromley Chase, both of which are public streets. B. Legal Description The Annexation Area is part of the northwest Quarter of Section 32, Township 37 North, Range 3 East, Penn Township. A complete legal description for the Annexation Area can be found in the Appendix on Table 2.