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South Bend Common Council <br />RE: Kendall-Weiss, LLP <br />December 7, 2006 <br />Page 2 <br />paid during the (5) five-year abatement period for each home is estimated at $1,135 for a total payment of <br />taxes to be paid of 27,240 for the 24 homes. <br />ABATEMENT QUALIFICATION <br />1. <br />2 <br />A review of the tax abatements previously granted finds that the petitioner has been associated <br />with or been granted the following previous tax abatements. <br />Term/Type <br />5-year real property <br />5-year real property <br />5-year real property <br />5-year real property <br />5-year real property <br />Resolution No. <br />3551-06 <br />3494-OS <br />3481-OS <br />3398-04 <br />3352-04 <br />Date <br />January 9, 2006 <br />July 25, 2005 <br />June 27, 2005 <br />October 25, 2004 <br />July 12, 2004 <br />The Building Commissioner has reviewed this petition and finds the properties to be properly zoned <br />for the proposed project. <br />3. A review of the South Bend Redevelopment designation areas finds that the property is not located <br />in any Tax Incremental Allocation Areas; therefore, no action is required by the South Bend <br />Redevelopment Commission. <br />4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br />qualifications fora (5) five-year residential tax abatement under Section 2-77.1, Single Family <br />Residential Construction. <br />