01-12-09 Common Council Meeting Agenda & Packet

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~% °"''~. STATE~e•Eft~T OF BEi~EFITS a~``~~~ REAL ESTATE II~PROVEtIfiEf'~TS F` State Form 51767 (R2 / 1-07) '' ~ ~° Prescribed by the Department of Local Government Finance l~l~ This statement is being completed for real property that qualifies under the following Indiana Code (check one box): ~ Redevelopment or rehabilitation of real estate improvements (IC 6-1.1-12.1-4) ^ Eligible vacant building (IC 6-1.1-12.1-4.8) 20 08 PAY 20 09 FORM SB-1 I Real Property INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. "Projects" planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, BEFORE a deduction maybe approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERA/VBD, Whichever is applicable, must be filed with the County Auditor by the later of.• (1) May 10; or (2) thirty (30) days after the notice of addition to assessed valuation or new assessment is mailed to the property owner at the address shown on the records of the township assessor. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF-1/Real Property annually to the application to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.1(b) and IC 6-1.1-12.1-5.3Q)J 5. The schedules established under IC 6-1.1-12.1-4(d) for rehabilitated property and under IC 6-1.1-12.1-4.8(1) for vacant buildings apply to any statement of benefits approved on or after July 1, 2000. The schedules effective prior to July 1, 2000, shall continue to apply to a statement of benefits filed before July 1, 2000. ~. Name of taxpayer Northeast Nei hborhood Revitalization Or anization, Inc. Address of taxpayer (number and street, city, state, and ZIP code) 803 Lincoln Wa West, South Bend, IN 46616 Name of contact person Telephone number E-mail address Philli E. B rd 574 289-1066 hilb sbherita e.or .. 4' - Name of designating body Resolution number City of South Bend Common Council Location of property County DLGF taxing district number 719 & 725 Turnock Street St. Jose h Description of real property improvements, redevelopment, or rehabilitation (use additional sheets i(necessary) Estimated start date (month, day, year) Two vacant properties will be developed into 2 new single-family residential homes. The 02/01/2009 two new lots will include Lots D and E of Turnock's Subdivision of a part of Turnock and Estimated completion date (month, day, year) Mack's Addtion to the Citv of South Bend and Dart of a vacated alley. © 04/30!2009 • • . ~ • •.•• ~ •. _ ~~ .fir,;'. Current number Salaries Number retained Salaries Number additional Salaries NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the COST of the property REAL ESTATE IMPROVEMENTS is confidential. COST ASSESSED VALUE Current values 0.00 10 400.00 Plus estimated values of proposed project 280 000.00 Less values of any property being replaced Net estimated values upon completion of project 280 000.00 ~ • . ~ • - . ~ Estimated solid waste converted (pounds) Estimated hazardous waste converted Other benefits ! ~ ~ `~ ~St ~ ~.! ~ ^ b t 6 , t` 6sl F1 ~ , Not applicable. ---::.~- •~~ ~;~ t~ I hereby certify that the representations in this statement are true. Signature of authorized represent 've Title Date signed (month, day, year) ra- ~ ~ zoos Page 1 of 2