Fiscal Plan for Ironwood/Killington Annexation Area in Penn Township

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E. Buildings and Land Use The Annexation Area is currently undeveloped, and has no structures on it. It is the City's understanding that the contingent purchaser intends to construct a church on the property. F. Zoning The Annexation Area is presently zoned "R" Residential, in unincorporated St. Joseph County. Upon annexation it will be zoned "A" Residential per the requirements of Chapter 21 of the Municipal Code of the City of South Bend. G. Tax Rate and Assessment Since the City of South Bend will be providing fire service upon incorporation of the Annexation Area, the Township Rate will decrease by $.4095 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund, the Fire Debt Fund, and the Cumulative Fire Fund. The tax rate for the Annexation Area will increase by $5.5989 per $100.00 of assessed valuation 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 $5.1894 per $100.00 of assessed valuation. The tax rates used are those of 1991 payable in 1992. Table 3 in the Appendix shows the representative tax rate information as published by the St. Joseph County Auditor. The current net assessment of the Annexation Area cannot be accurately determined at this time. Although the assessment of lot 26 is readily available, the remainder of the Annexation Area is a small portion of tax parcel 14- 1035 -0590. The assessment for Lot 26 is $270.00 resulting in a tax of $35.16 (payable 1992). Since the Annexation Area is being developed for a church, the property will not be assessed for taxing purposes. H.Councilmanic District The Annexation Area will be assigned to Councilmanic District 5. SECTION IV. MUNICIPAL SERVICES A. Public Works The Department does not anticipate any additional costs to provide services to the Annexation Area. City sanitary sewer and water are already available to the property. An 8" sewer and a 10" water line are in the right -of- way of Bromley Chase abuting Lot 26. 3