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HomeMy WebLinkAboutConfirming Tax Abatement - West Jefferson Bissell and Vacant Lot Bissell - Habitat for HumanityRESOLUTION 3738-07 Passed by the Common Council of the City of South Bend, Indiana April 23, Attest: City Clerk President of Common Council presented by me to the Mayor of the City of South Bend, Indiana April 24, 2 07 Approved and signed by me Ap r i ~ 2 5 . 20 ~ 7 City Clerk Maya' 07 20 RESOLUTION NO. ~ ~ 3 ~-O I A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1022 WEST JEFFERSON, 1216 WEST JEFFERSON 1342 BISSELL, AND A VACANT LOT AT 1338 BISSELL AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR HABITAT FOR HUMANITY WHEREAS, the Common Council of the Ciry of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and requesting that the area commonly known as 1022 West Jefferson, 1216 West Jefferson, 1342 Bissell, and a vacant lot at 1338 Bissell, South Bend, Indiana, and which is more particularly described as follows: Lot 22 John K Fowlers 2"a Subdivision of Bank Outlot 85 & 86; 40 '/4 Feet South Side Jefferson Blvd Beginning on East Line Bank Outlot 89; Lot 79 and N Vac Alley S &Adj Park P12°a Add 99-00 Vac Ord #8944-98; Lot 80 and B '/2 Vac Alley S &Adj Park P12°d Add 99-00 Vac Ord # 8944-98 and this property has Tax Key Numbers 18-3068-2623, 18-3072-2861, 18-5086-3062, and 18- 5086-3061 be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et sea., and South Bend Municipal Code Sections 2-76 et sea., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6-1.1-12.1 et se ., for tax abatement. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance No. 9394-03, which was passed on February 10, 2003: A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; or ii. are owned by a unit of local government; or D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or G. The area (plus any areas previously designated under this subsection) will not exceed ten percent (10%) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. 2 F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. c Member of the C on Council +'KEStrarFp ~-(_Z3_O~ NOT APPROVED ADOPTED File In ~l~wr4~'~ ~e+iCe ~r9Aft 2 1 2007 JOliiV VOOADE CITY CLEF,K, S0. EEt~D, IM. 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SouTx BEND, INDIANA 46601-1830 PHONE 574/235-9371 FAX 5741235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~L ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR March 19, 2007 Council Member Derek D. Dieter, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Real Property Tax Abatement Petition for: HABITAT FOR HUMANITY (JEFFERSON/BISSELL) Dear Council Member Dieter: Please find attached the Department of Community & Economic Development's report on a residential real property tax abatement petition submitted by Habitat for Humanity to build (4) four, new, single- family homes at 1022 West Jefferson, 1216 W. Jefferson, 1342 Bissell and a vacant lot at 1338 Bissell. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the department's findings relative to the above petition. The petitioner proposes to build (4) four, new, single-family homes at a cost of $65,000 each. The project meets the qualifications fora (5) five-year real property tax abatement. The petitioner will be available to meet with the Committee on Monday, April 9, 2007. Should you or any of the other Council members have any questions concerning the report, or need additional information, please feel free to call me at 235-5825. Sincerely, Sharon Terrell Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks Bob Mathia COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT PAMELA C. MEYER DONALD E. INKS 574/235-9660 574/235-9371 FAX: 574/235-9697 ~1~ C~~t`~'~ ®~~tC@ ~,",AR 2 1 2~~7 ~or~~ Aso st so, iN. cmr c~~°,x, FINANCIAL HC PROGRAM MANAGEMENT ELIZABETH LEONARD 574/235-9371 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PrIONE 574/ 235-9371 Fax 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY HL ECONOMIC DEVELOPMENT JEFFREYv GIBNEY EXECUTIVE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: SHARON TERRELL~ SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: HABITAT FOR HUMANITY (JEFFERSONBISSELL) DATE: March 19, 2007 On March 8, 2007, a petition for residential tax abatement consideration for real property located at 1022 West Jefferson, 1216 W. Jefferson, 1342 Bissell, and a vacant lot at 1338 Bissell was filed with the City Clerk by Habitat for Humanity. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6- l . l -12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition, investigated the area, and makes the following report. PROJECT DESCRIPTION Habitat for Humanity plans to build four, new, single-family residences: either athree-bedroom, 1 bath home of 1,120 square feet, afour-bedroom, 2 bath home of 1,344 square feet, or afive-bedroom, 2 bath home with 1,440 square feet. The homes will be built with afour-foot crawl space or a full basement. Habitat will use volunteer labor and donated materials to build the homes. The price of each of the homes will be $65,000. These homes will be offered to qualified, low-income families using a no-interest loan and mortage. Taxes to be abated during the (5) five-year abatement period are estimated at $2,895 per year for each home for a total of $11,580. Taxes to be paid during the (5) five-year abatement period are estimated at $1,370 per year for each home for a total of $5,480. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HL PROGRAM PAMELA C, MEYEA DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 ELIZABETH LEONARD FAX: 574/235-9697 574/235-9371 South Bend Common Council RE: Habitat for Humanity March 19, 2007 Page 2 ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the petitioner has been associated with (10) ten previous tax abatements. Term/Tune Resolution No. Date S-year real property 3S8S-06 May 8, 2006 S-year real property 3448-OS Apri12S, 2005 S-year real property 3393-04 October 11, 2004 S-year real property 3389-04 September 27, 2004 S-year real property 3388-04 September 27, 2004 S-year real property 3387-04 September 27, 2004 S-year real property 3203-03 June 23, 2003 S-year real property 2894-00 June 26, 2000 S-year real property 2862-00 Apri124, 2000 . S-year real property 2610-98 Apri127, 1998 Also, another petition submitted by the petitioner shortly before this petition is pending review by the Redevelopment Commission. 2. The Building Commissioner has reviewed this petition and finds the properties to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the Northeast Neighborhood Development Area and the West Washington-Chapin Development Area, which are Tax Incremental Allocation Areas; therefore, approval of the tax abatement petition by the South Bend Redevelopment Commission is required. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications fora (S) five-year residential tax abatement under Section 2-77.1, Single Family Residential Construction. i___---~---- ' ~ ~ ~lCf; ~iF\ ~~ 9t E ~~~i iu ~~AR 2 1 2607 JG1iN VflCF}C ~1C, ~rl. Cf~Y CLEAK, 5C• EE. 5 YEAR 13-Mar-07 HABITAT FOR HUMANITY Soufh Bend Portage Township Residential Real Property Tax Abatement Schedule* Estimated Project Cost: Assessed Value: STRUCTURE (assume 85% of project cost) LAND (assume $10,000) Gross Assessed Value Less Mortgage Exemption Less Standard Homeowners Deduction Base Assessed Value Less Maximum Abatement Deduction Less Non-Abated Amount Plus Land Assessed Value Net Assessed Value Prooerty Taxes: Assume constant tax rate of $65,000.00 Total Taxes Tax Abated** Tax Paid*** 55,250.00 55,250.00 55,250.00 10,000.00 N/A N/A 65,250.00 55,250.00 55,250.00 (3,000.00) (3,000.00) (3,000.00) (31,125.00) (31,125.00) (31,125.00) 31,125.00 21,125.00 21,125.00 N/A N/A (21,125.00) N/A 0.00 N/A N/A N/A 10,000.00 31,125.00 21,125.00 10,000.00 5.1524% 5.1524% 5.1524% Gross Tax (tax rate x net assessed value) 1,603.68 1,088.44 515.24 Less SRTC: 21.6906% (347.85) (236.09) (111.76) Less Homestead Credit: 32.0670% (402.71) (273.32) (129.38) Net Tax 853.13 579.03 274.10 Net Total Year Assessed Value Taxes Due Tax Abated Tax Paid 1 31,125.00 853.13 579.03 274.10 2 31,125.00 853.13 579.03 274.10 3 31,125.00 853.13 579.03 274.10 4 31,125.00 853.13 579.03 274.10 5 31,125.00 853.13 579.03 274.10 5 year totals: 4,265.63 2,895.17 1,370.51 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at $74,880 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure ~____._ .--------- maximum abated portion of $74,880 and adding back the land assessed value. ~,~,,~~ ~~ r+1Li ~i:'~ ~ ~~j~~ ~ .;.: ~. P~~AR 2 1 2007 CITY Clt=ie;, ",C).1C"~, Ind. 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 se .for this petition states the following: 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 approximate cost of $65,000 using a no-interest loan and mortgage. Habitat builds 3- bedroom, 1-bathroom houses at 1120 square feet, 4-bedroom, 2-bathroom houses at 1344 square feet, and 5 bedroom. 2-bathroom houses at 1440 square feet. Houses will be built on a four foot crawl space or a frill 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 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 Humanity of St. Joseph County; 402 E. South Street. South Bend. IN 46601: Owner -Jefferson Lots South Bend Heritage Foundation; 803 Lincoln Way West. South Bend. IN 46616• Owner -Bissell Lots 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 Properry(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 Uroperty taxes were paid at 1216 W. Jefferson during the previous two years since it was owned by the City of South Bend. At 1022 W. Jefferson the taxes paid for 04/05 were $76 68 plus delinquent taxes of $192.87. The taxes paid for 05/06 were $88 78 No property taxes were paid for 1342 Bissell and Vac Lot 80 Bissell (1338 BisselD, since they were owned by South Bend Heritage Foundation (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. 11. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The Uuilding permit may be issued after the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a Uuilding permit has already Ueen issued). The signature below is verification of this statement. 12. List other anticipated public financing for the project, including any assistance to be sought or already authorized through the United States Department of Housing and Urban Development funds from the City of South Bend, South Bend Housing Authority, Housing Assistance Office, St. Joseph Cotmry Housing Consortium or other public financial assistance, including but not limited to public works improvements: A portion of these homes will be partially underwritten by a SHOP Brant written throus~h Habitat for Humanity International and funded Uy HUD. Likewise, several mortgages on select homes will be subsidized Uy AffordaUility Grants provided b~St. Toseph County Housine Consortium. 13. Describe how the property has become undesirable for or impossiUle of normal development because of a lack of development, cessation of growth, deterioration of improvements or other factors which have impaired values and prevent a normal development of the property: In the West Jefferson neiehborhood, more than 20% of the lots are vacant. A substantial number of the houses in this area are in need of minor or major reuairs to make them at least "standard" housing. As well, both properties exist within Low-Income Housing Tax Credit Qualified Census Tracts. These are federally designated reeions which have been identified as financiallypressed with a significant percentaee of residents who live Uelow the poverty line. 14. The current use of the property is Vacant and the current zoning is SF2 Single Family . (This information maybe obtained from the Building Department 235-9553) 15. The property is located in the following Allocation Area (if any) declared and confirmed by the South Bend Redevelopment Commission (requiring approval of the tax abatement Uy the Redevelopment Commission): Both efferson properties are located in the West Washineton Chapin Development Area. Both Bissell Properties are located in the Northeast Neiehborhood Development Area. 16. The following person should Ue contacted as the petitioner's agent regarding additional information and public hearing notifications: Name: Violet Blosser, ?odd Tttnkins Address: Habitat for Humanity, 402 E. South Street City, State, Zip: South Bend, IN, 46601 Telephone: 5 74-288-6967 WHEREFORE, Petitioner has paid the required fee of $50.00 and requests that the Common Council of the City of South Bend, Indiana, adopt a declaratory resolution designating the area described herein as a residentially distressed area for the purposes of real property tax abatement consideration, and after publication of notice and public hearing, determine that the qualifications for a residentially distressed area have been met and confirm such resolution. Fr! d ~ ~l~~'~'s Q~~~ee p~AR - 8 2001 JQl3Yi ~'CrJRDE CTFY CLEai~, ~0_~~ Name of Property Owner(s): Habitat for Humani of St ose h Coun -- - -- - ~1---------- ---- David Hatch, Executive Director (Typed or printed name and capacity) 2 4.) The commonly known address and key numbers of the properties. Street Address Key Number 1216 W. Jefferson 18-3072-2861 1022 W. Jefferson 18-3068-2623 1342 Bissell 18-5086-3062 Vac Lot 80 Bissell (1338 Bissell) 18-5086-3061 Exhibit A Street Address Key Number Legal Description 1216 W. Jefferson 18-3072-2861 Lot 22 John K Fowlers 2° Subdivision of Bank Outlot 85 & 86 1022 W. Jefferson 18-3068-2623 40 '/ Feet South Side Jefferson Blvd Beginning on East Line Bank Outlot 89 1342 Bissell 18-5086-3062 Lot 79 & N 1/2 Vac Alley S &Adj Park P12nd Add 99-00 Vac Ord #8944-98 Vac Lot 80 Bissell 18-5086-3061 Lot 80 & B 1/2 Vac Alley S &Adj Park (1338 Bissell) P12nd Add 99-00 Vac Ord #8944-98 Fi9~~;~~~~c's ~ii~ce p~AR - 8 2001 J:1:;iV 4`Q~~r'~ Exhibit B.1 _., E ! , ~ ~_ __.~ .~._._.. v._. Y ~` .~ . ~ ......._ ,._. -.. ~~ t ~ ~ _._, . _ ,5 v 1 p 1 D ~ ~ 1 3ti72 '5101 ~ ~ ~ to'475s ~a ~ 1a3072 71 ~ I {J - 1L L~72 51 , 1 15 ~t 2 L .... -_ .. ~ x~. ~ ~ .~o- ! 1L~}n~2-7c45 I a 1814.2552 7 ~ I 1fi1071Z^6 ~ ., id7072Ye-7i 15-117321.77 id 1572 ie31 i 1o-xfi32Y!7 j 1 3 15 TA72,i2-76 15.x~72~5~} 15~}~1'2KL~t 10 ~0 1 2 74 ~ j ... 15 >r5 ~~aa~t 3 t ii 1 ~ ~ I ~ ~ i I 1 ~ t....... 1.4-3L72 Ya44. ., l-:. ~ 1 1 .. .....,,.._ ...,... .,., . ~... . .. _... ,.: 3clit^al;t 1fi.1 sx~.o1 1 .,_`._.a . _,... ( ~ ~ 1 1 ~ 1a.~/722assol ~ ~ ~ ~ ~ 1 tosc~z~a - 1 _ 3c11 -^~un ~ ~ 153472.2:£2 tfi31 15752 f 75-3172 37 1£ 1571.2723 18 ~0 ,2fi?? to-~0~2 ~£i 12-}C?2~2c[~i _ _.... i id 3172 2fiS4 to 30 2 "'E+'4 15-3172 2e£3 ` ~ 1 t ,... 15-30 2 LQ~ ~ ~ I ~ ~ id-3475:1.03 ~ ~ ~ ~ ~ ~ t. ,, 6 ,..... .... ..... . ..,..,,...., ._,.....e. .. .- _.. ~-, . ...., . + .. _ 1 ., L , 1a-a47a« 1ax7a-2~u ifi~a0753012 id~Y,45~01 ! i 15s0.4.2!'OS I 1E-3174,ca10 1fi317157'O 7 183474 O2 4 15 _ZJ74-2YN ~ f 1a zb74 ti^_{9 f # 7a-3471.2751 I 15-3475-Y?120 1fi 167 -2`'[O 1fi .347J-cA3 S 78-307a.c 16 ( ~ ~ ~ I t5.307s'41s I ~ l..a.-.,..._._~.. ..._....~. 5...~._ i _ _'-~ --. _ _ ....-..~5_~ ~ ~~__-I -.... `...~...__ 183076-34}3 s 18-3072-2861 (1216 W. Jefferson) Exhibit B.2 ~,5-3474S:2o ! ~ ~ I i ~ ~ - ~~ l I t_._~ _.._ ._ _ ' _ i lI ~ _. ~ L ,,. i _~-,I_" 18.1.£S~i£C!~1 ~ I ~ I ~~ ^1&x585G10 ~ i9~~_. ( 1a3068561i 7aJ070-2728 I ~~~~ 1S30ESZ511 183CG3-2614 783070.2726 1 1834705723 ! 1d-3068.2612 ! 1 t 7dJCE3,2637 id-3CE8,25:f ifi'[EaE-11 1x30705727 1 1 1S.30E&2610 18.SCG4a^II673 1d3II1E.3,'2616 1d3CES-[63.4 "° ~.__~_ ~_~.1 y ,,8.3058,cid3 ~ , I ~ +.~+L..1e.~~,....-..I_,__.I-__,_ ~ ,d-30E3-2642• 1 I , ( I ~ ~ 1 I ~ i8s.'a6sa62o1 } ~ta.3acs.~1 ~a I ~ ib-3cts,zt-+s ~ _'1 1 1ZL3074-2736 18-3[{32617 ! ( 1830685621 ? ~ I iB.Y_fS-26x5 1 ( 1430[ -2650 I{ 18-x6b25i3 ~~'- 183070,2711 18-30 l-.„..~.~~19-- I. _ I 18-JCE&.aY~23 `..:«.~ _..e.. 1 I L~ ~ 7 ._.~..,,,,...., ~.,.-.~..._L._,..r ..~.~~ ( .....-............ 18306.:.2651 ' I '~ ~ fib; ~ •__•., 1 ~^ ~j .c~~28~~ (~ 1 ' 18:xY.c•~'Y59 1830742743 ! 18-34685526 1~ i 18.30[$,2670 18-3[68.265.1 ~ id-}CES~i657 """ I{ I _... 1 ~ ~ 2 ~ iI1 ~ a,1 .I ..,,...,-.,~ -' I I ..-,. ~ 18iE8.265178 ~~ E 55......._...1 ~30E8.20 Thascst 18-3068-2623 (1022 W. Jefferson) ~.~ ~_.~ W ,. f\ X. E~ O O ~~ , C ~ 1 W ~ 1 4: (it ~~ ,~ rr iro ~ Q ~ ~ J ~ L1 .y.~ ice! K- E.i'a ~ Exhibit B.3 ~.. o.~ ..r~ ..._ ....,._e.~_..e ........_#_~_..~.~~_,.._z .~.:.._ ...u.~.,.1 n~~:~~-u ~ i l l ~ ~ ~. ~__-_ ~_~. ~-.~ ~. ~ ~ 1'c~~_`t ~-:859 15 !CEb -0+.1 12-_C@53CG3 75~~b-3Cr57 15-5{@birr~E 15 ~+Yb3CE+7 75~.[iF, ;+_E.2 16.SrEf._;,87r, 15-SC66'A;5 ~ f .. .... r v 1 ._ - {~{ ~ ~~ ~ 771 i .. .. •. - ~ g 18 Ft4b~Or 3 ! 1$5{65 _+773 ~ 13-:{Cb3Cd] ~ 1nb[Hb-3872 15'~?ilT5 15-'{<b,'.L'61 15-SC@b-3[r, ~ ~ ! ~ i I _ tl ~_.-. ,,. ~. _ , .. ud~ _,.. -~....._.._.._.~ . -- i l i l l l 18-5086-3062 (1342 Bissell) 18-5086-3061 (Vac Lot 80 Bissell - 1338 Bissell) ~~ a t~~ r\ G; o ...~. s ~, h•~`A ! C~ tr~r '7 J j - ~ I ~ ~ . 1 Z i; ~~ anya } _ _ ~,.~ ~,~ ' ~~~ 7.) The current assessed valuation of the properties. Street Address Assessed Value 1216 W. Jefferson $7600 1022 W. Jefferson $2000 1342 Bissell $4900 Vac Lot 80 Bissell (1338 Bissell) $6400 ~~ 1~~~~ ~~rl.C~ t~,AR - g 2001 1"F '~