Fiscal Plan for Annexed Property located Southeast of the Intersection of Ironwood & Inwood Roads in Penn Township

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ATTACHMENT "B" CITY OF SOUTH BEND, INDIANA FISCAL PLAN FOR THE ANNEXATION OF PROPERTY LOCATED IN PENN TOWNSHIP SOUTHEAST OF THE INTERSECTION OF IRONWOOD AND INWOOD ROADS INTRODUCTION The following Fiscal Plan, developed through the cooperative efforts of the City of South Bend's Controller's Office, Department of Public Works, Police Department, Fire Department, Department of Neighborhood Code Enforcement, and the Department of Public Parks represents the City's policy for the annexation of the property located southeast of the intersection of Ironwood and Inwood Roads in Penn Township, St. Joseph County (hereinafter, "Annexation Area "). This annexation meets the statutory contiguity requirements. I. LOCATION The Annexation Area is located on the south side of the City of South Bend in part of the Northwest Quarter of Section 29, Township 37 North, Range 3 East, Penn Township. The Legal Description for the Annexation Area, marked as Exhibit 1, is attached hereto and made a part of this fiscal plan. A map showing the Annexation Area, marked as Exhibit 2, is attached hereto and made a part hereof. There are approximately 5.30 acres of land within the Annexation Area. II. EXISTING LAND USE The Annexation Area currently has a single family home located on it. III. PROPOSED DEVELOPMENT The developer of this project proposes to construct a physicians office and medical facility on the site. The home that currently exists on the Annexation Area will remain as the caretaker's residence. All surface drainage is to be handled in compliance with the City of South Bend's Subdivision Standards. The developer of the project is responsible for all infrastructure improvements including any streets, street lighting, water, sewers and stormwater drainage facilities needed.