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TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BROCK ZEEB <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />Jeffrey and Marie Spoonhower <br />DATE: June 29, 2015 <br />On Wednesday, June 17, 2015, a petition from Jeffrey and Marie Spoonhower was received <br />and subsequently filed with the City Clerk for residential real property tax abatement <br />consideration for a single- family home. Pursuant to Chapter 2, Article 6, Section 2 -84.2 <br />of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community Investment for purposes of investigation and preparation of a <br />report determining whether the area qualifies as an Economic Revitalization Area pursuant <br />to I.C.6 -1.1 -12.1 and whether all zoning requirements have been met. <br />The Department of Community Investment has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT SUMMARY <br />➢ (1) One single - family home at an approximate net assessed value of $126,805 <br />➢ New total taxes during five year abatement period — $15,441 <br />➢ Estimated taxes being abated during five year abatement period — $2142 <br />➢ Total taxes to be paid during five year abatement period — $13,299 <br />ABATEMENT QUALIFICATION <br />A review of the tax abatements previously granted, finds that the petitioner has not <br />been granted or associated with any previous abatements. <br />2. The Building Commissioner has reviewed the petition and finds the property to be <br />properly zoned for the proposed project. <br />3. A review of the South Bend Redevelopment designation areas finds that the <br />properties are located in the River East Development Area. <br />4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner <br />meets the qualifications for a (5) five -year residential property tax abatement under <br />section 2 -77.1, Single Family Residential Construction. <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINEss DEVELOPMENT ECONOMIC RESOURCES <br />JMN KAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEES <br />