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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PROVE 574/ 235-9371 <br />FAx 5741235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />E7CECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND REDEVELOPMF,NT COMMISSION <br />FROM: BOB MATHIA ~~~ <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />South Bend Heritage Foundation, Inc. <br />DATE: September 14, 2009 <br />On September 1 1, 2009, a petition for residential tax abatement consideration for real properly located on a <br />vacant lot between 1016 and 1032 West Washington Street was tiled with the City Clerk by the South Bend <br />Heritage Foundation, Incorporated. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code <br />of the City of South Bend, this petition was referred to the Department of Community and Economic <br />Development for purposes of investigation and preparation of a report determining whether the area <br />qualifies as a Residentially Distressed Area pursuant to LC.6-1.1-12.1 and whether all zoning requirements <br />have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />The South Bend Heritage Foundation, Inc. intends to construct two new single-family homes on the vacant <br />lot they currently own on West Washington Street. The lot is being replatted to permit the construction of <br />the two homes. The homes will each have two stories totaling approximately l ,700 square feet with three <br />bedrooms. The average cost of the two homes will be approximately $180,000. The two homes are part of <br />the Iirst allocation of the Neighborhood Stimulus Program (NSP) funding. Several single-family homes <br />will be built in targeted areas to serve homeowners with a household income of up to 120% of the Area <br />Median Income using NSP funds. The sales prices of the two homes will be discounted in order to make <br />them affordable to these potential customers. South Bend Heritage will be the developer of several of these <br />houses. <br />COMMUNITY DEVELOPMENT ECONOMIC DENELOPMF.NT FINANCIAL HL PROGRAM <br />PAMELA C. MEYER DONALD E. INKti MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABf:TFl LEONARD <br />FAx: 574/235-9697 574/235-9371 <br />