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

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CITY OF SOUTH BEND, INDIANA FISCAL PLAN FOR THE ANNEXATION OF THE PROPERTY LOCATED AT THE SOUTHEAST CORNER OF THE INTERSECTION OF JACKSON AND IRONWOOD ROADS INTRODUCTION 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 Parks, represents the City's policy for the annexation of the property located at 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 at the southest 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 100.06 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 100.06 acre Annexation Area into 345 lots for single - family homes. There will be 17,050 linear feet of roadway and 23.25 acres of dedicated right -of -way. The extension of Municipal facilities located approximately at the corner of Jackson and Ironwood Roads will be 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.