Fiscal Plan for Annexation of Property Located near the Southeast Corner of Intersection of Jackson & Ironwood Roads

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CITY OF SOUTH BEND, INDIANA FISCAL PLAN FOR THE ANNEXATION OF THE PROPERTY LOCATED NEAR THE SOUTHEAST CORNER OF THE INTERSECTION OF JACKSON AND IRONWOOD ROADS 1tMq*X11*1W*Q1 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 Works, represents the City's policy for the annexation of the property located near the southeast corner of the intersection of Jackson and Ironwood Roads (hereinafter, "Annexation Area "). This annexation meets the statutory contiguity requirements. I. LOCATION The Annexation Area is located in the Northwest Quarter of Section 32, Township 37 North, Range 3 East, Penn Township, St. Joseph County, Indiana near the southeast corner of the intersection of Jackson and Ironwood Roads. A Legal Description of the Annexation Area is attached as Exhibit 1. A map of the Annexation Area is attached as Exhibit 2. There are 157.772 acres of land within the Annexation Area. II. EXISTING LAND USE The Annexation Area is currently vacant land. III. PROPOSED DEVELOPMENT Relative Real Estate Management, Inc, proposes to develop the Annexation Area into 105 lots for single - family homes, 1115 multi - family condominiums and a 10,000 square foot camnercial center which will be located in the interior of the project. There will be 6,600 linear feet of dedicated roadway. The extension of Municipal facilities located approximately at the corner of Jackson and Ironwood Roads will service this subdivision. All surface drainage is to be handled through the use of retention basins located throughout the proposed subdivision in compliance with the City of South Bend Subdivision Standards. Relative Real Estate Management, Inc. will provide all streets, street lighting, water facilities, sewers, and stormwater drainage facilities throughout the Annexation Area.