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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDGWA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: SHARON TERRELL~ <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />JILL R. BODENSTEINER <br />DATE: November 30, 2006 <br />On November 27, 2006, a petition for residential tax abatement consideration for real property located at <br />920 St. Peter Street was filed with the City Clerk by Jill R. Bodensteiner. Pursuant to Chapter 2, Article 6, <br />Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community and Economic Development for purposes of investigation and preparation of a <br />report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 <br />and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />Jill R. Bodensteiner intends to construct a 2,000 square foot, single-family, owner-occupied home. The <br />home will be 1 '/z stories and built in the bungalow style. Rooms designated for the 1S` floor will be the <br />living room, dining room, kitchen, master bedroom and bath, study, mudroom, and an additional <br />bathroom. The 2"d floor of the new construction will contain two bedrooms and a bathroom. There will be <br />a finished basement with recreation space and an attached two-car garage. The price of the home will be <br />$300,000. Total taxes to be abated during the (5) five-year abatement period is estimated at $10,262. <br />Total taxes to be paid during the (5) five-year abatement period is estimated at $20,847. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL AC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 5741235-9371 ELIZABETH LEONARD <br />EAX: 574/235-9697 574/235-9371 <br />