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01-12-09 Common Council Meeting Agenda & Packet
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01-12-09 Common Council Meeting Agenda & Packet
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City Council - City Clerk
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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 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 ~L ECONOMIC DEVELOPMENT <br />,JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />Northeast Neighborhood Revitalization Organization, Inc. & <br />Weiss Homes, Inc. <br />DATE: December 10, 2008 <br />On December 8, 2008, a petition for residential tax abatement consideration for real property located at 719 <br />and 725 Turnock Street was filed with the City Clerk by the Northeast Neighborhood Revitalization <br />Organization, Inc. and Weiss Homes, Inc. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal <br />Code of the City of South Bend, this petition was referred to the Department of Community and Economic <br />Development for purposes of investigation and preparation of a report determining whether the area <br />qualifies as a Residentially Distressed Area pursuant to I.C.6-l .1-12.1 and whether all zoning requirements <br />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 />The Northeast Neighborhood Revitalization Organization, Inc. and Weiss Homes, Inc. intend to construct <br />two 1,300 square foot, single-family, owner-occupied homes. Each home will have three bedrooms and <br />two to two and a half bathrooms plus a two car attached garage. The homes will have basements which <br />may be finished or unfinished depending on the buyer's preference. The cost of the two homes will be <br />approximately $140,000 each. Total taxes to be abated during the (5) five-year abatement period for one <br />home are estimated at $6,060. Total taxes to be amid during the (5) five-year abatement period for one are <br />estimated at $1,948. Total taxes to be abated for the two homes are estimated to be $12,120. Total taxes to <br />be paid for the two homes are estimated at $3,896. The homes are not located in the residential TIF district <br />of the Northeast Neighborhood Development Area. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMEN'T' <br />574/235-9660 574/235-9371 EuzeseTe LEONARD <br />FAx: 574/235-9697 574/235-937] <br />
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