Confirming Tax Abatement - 103 Carlisle Street, Vacant Lots Colfax & Walnut - Habitat for Humanity

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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 LC.. 6-1.1-12.1-1, et se .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): Habitat for Humanity will construct one affordable single family home on each lot. Habitat will use volunteer labor and donated materials to build the home. Habitat will then sell the house to a qualified low- income family for the a~~proximate cost of $65,000 using a no-interest loan and mortg_ape. Habitat builds 3- bedroom. 1-bathroom houses at 1120 square feet and 4-bedroom, 2-bathroom houses at 1344 square feet. Houses will be built on a four foot crawl space or a full basement. 2. Estimate the dollar value of the construction project (do not include land cost): $65,000 per house 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 Habitat for Humanit~of St. Iose~h County; 402 E. South Street. South Bend, IN 46601; Owner 4. The commonly known address of the Property is: see attached and having tax key no.: see attached (use additional sheet for multiple addresses or key numbers). 5. A legal description of said Properry(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: see attached (use additional sheet for multiple addresses). (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): No property taxes were paid at these locations during the previous two vears, due to the tax exempt stanis of the current and previous owners. (This information maybe obtained from the St. Joseph County Treasurers office, 235-9531) 10. What is your best estimate of the after completion market value of the property: $85,000 per house