09-14-15 Agenda, Packet & Committee Meeting Notice

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t7`"T°� STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS 20PAY20_ State Form 51767(R2 -07) FORM SB-1 /Real Property °'�--'/ Prescribed by the Department of Local Government Finance 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) 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 ERANBD, 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 6.3601 5. The schedules established under iC 6-1.1-12.1-4(d)for rehabilitated property and un “ 1.a of benefits approved on or after July 1, 2000. The schedules effective prior to Jul 1, 28 P I Neh - e c� ��` apply to any ledtbe ore July 1,2000. p July 0 , ! tir�iie to apply to a s atemerl of benefits filed before SECTION 1 TAXPAYER INFORMATION Name of taxpayer Uv, al 411 James F. and Susan Farrington Address of taxpayer(number and street,city,state,and ZIP code) 15 Shady Acres Rd., Darien, CT 06920 CITY CLLE.RI.,SO i: JEND,IN Name of contact person Telephone number � — " E-mail address James Farrington (203) 550-1683 ifarrinq( nd.edu SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Location of property [County DLGF taxing district number 802 St. Vincent Street, South Bend St. Josepy Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) — Estimated start date(month,day,year) construction of 5 bedroom, 5 1/2 bath home of approximately 3400 SF plus 950 SF finished lower level Estimated completion date(month,day,year) SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT 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 _ Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted (pounds) Other benefits The neighborhood in which this property resides deteriorated badly throughout the 1970's, 1980's, and 1990's. The Notre Dame Avenue Housing Program (NDAHP) was created specifically by the University of Notre Dame in cooperation with the City of South Bend to reverse this trend by encouraging new, high-quality residential development in the neighborhood, which in turn supports housing values and increases real estate tax collections. All properties adjacent to the subject property are part of the NDAHP and the planned improvements will conform in all material respects with the NDAHP guidelines. SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Sign tureo au orized re resentative ( I Title Dat sine A-g4/1 ----- ll g (month,day,year) lz�� Page 1 of 2