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Shoemaker Annexation Area 4 <br />D. Size of Annexation Area <br />The Annexation Area is .821 acres in area. <br />E. Buildings and Land Use <br />The site is currently vacant. The land is slated to be used fora 4,784 square feet office/retail <br />building. <br />F. Zoning & Subdivisions <br />The site is zoned "R" Residential in unincorporated St. Joseph County. It is proposed to be zoned <br />"CB" Community Business upon approval of the City Council and incorporation into the City of <br />South Bend. <br />G. Population <br />Variable- office/retail <br />H. Tax Rate <br />The tax rates used are those of 2005 payable in 2006. <br />The Township Rate will decrease by 50.115 per 5100.00 of assessed valuation with the deletion <br />of the Fire Fighting Fund and the Cumulative Fire assessments. <br />The tax rate for the Annexation Area will increase by 52.2971 with the addition of the City and <br />Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. <br />The net increase in property taxes will be 52.1 S 16 per 5100.00 of assessed valuation. Table <br />shows representative tax rate information as published by the St. Joseph County Auditor. <br />I. Assessments <br />200 payable 2006, St. Joseph County Auditor property tax records: <br />Land: 52,800 <br />Improvements: 5 <br />~1et: 52,800 <br />