Confirming Tax Abatement - 719 & 725 Turnock Street - Northeast Neighborhood Revitalization Organization, Inc. & Weiss Homes, Inc

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the Ciry of South Bend for Residential Real Property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et sea•, and South Bend Municipal Code Sec. 2-76 et sea., for this petition states the following: 1. Describe the proposed construction project, including information about square footage, numbers of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project (use additional sheet for long project descriptions): This tax abatement petition includes 2 undeveloped lots being Lots D and E of Turnock's Subdivision of a part of Tttrnock and Mack's Addition to the City of South Bend and a part of an alley to be vacated These lots will be subdivided into 2 new lots for the construction of 2 new single family homes. (See attached Exhibit "B" - Sheet 3 of 3). This urban infill redevelopment project will be located on +/-0.29 acres. The homes will be +/- 1,300 square feet excluding basements, and will include 3 bedrooms. 2 to 2 '/z bathrooms and an attached two car garages. Residential infill development within existing city neiehborhoods is vital to the city's growth and it a key objective within the City Plan. 2. Estimate the dollar value of the construction project (do not include land cost): 280 000. 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporations (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Name Address Interest Northeast Nei hborhood 803 Lincoln Wa East 100% Revitalization Organization, Inc. South Bend, IN (Current Owner) Weiss Homes. Inc. 828 East Jefferson Boulevard 100% South Bend, IN 46617 (Contingent Owner) 4. The commonly known address of the Property is: 719 and 725 Tttrnock Street, Sottth Bend. IN 46617 and having tax key no.: 18-5034-1224 and 18-5034-1225 (use additional sheet for multiple addresses or key numbers). 5. A legal description of said Property(s) is attached hereto, marked Exhibit A, and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. 7. The current assessed valuation of the property before construction is 10 00 (use additional sheet for multiple addresses). ($3,000 for parcel #18-5034-1224 and $7,400 for parcel #18-5034-1225) (This information may be obtained from the St. Joseph County Assessor's Office, 235-9523). 8. Photographs of the Property, taken within two (2) weeks of the filing of this petition, are attached hereto, marked Exhibit C, and incorporated herein. 9. List the real property taxes paid at the location during the previous two years, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): 2006 taxes paid 2007 2005 taxes paid 2006