09-28-09 Common Council Meeting Agenda & Packet

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6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. Exhibit B attached 7. The current assessed valuation of the property before construction is $_ 18.100 (use additional sheet for multiple addresses). 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. Exhibit C attached 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): 2007 bavable 2008 $873.93 2006 yavable 2007 $747.69 10. What is your best estimate of the after completion market value of the property: $ 130 000 -140 000 per house to qualified buyers (sale price discounted $40-50,000 uer house to achieve the goals of the Neighborhood Stimulus Pro ram. 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 building permit maybe issued after the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a building permit has already been 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 County Housing Consortium or other public financial assistance, including but not limited to public works improvements: This ro'ect will be 100% financed throu h the NSP 13. Describe how the property has become undesirable for or impossible 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: The 1963 edition of the Sandborn Ma s of South Bend show no buildin on this lot but indicated an address of 1026 W. Washin on. Therefore an house that ma have been on the lot was demolished before 1963. It is located in an area that experienced severe disinvestment since the 1960s when many of the grand houses were divided into apartments or used for businesses or demolished It is close to the infamous "block " at Washington and Walnut where drugs and crone were on the increase discouraging any development and investment. People wanted out, not to move m. It ~ m the same block as the Natatorium and Hansel Center which became until recentl bh hts on the block. There was no develoQment. B the late 1980s and early 1990s this scenario started chap in with the demolition of the "block" and construction of affordable dualeaes and triplexes (R'est Washington Homes) and west of that. new construction of single family. owner occupied affordable homes More recently the plans for making the Natatorium mto the Civil R~uhts Heritage Center are in the rocess of bein im lemented and be innin lane for the Hansel Center to be converted mto an extension of Notre Dame's Center for Latino Studies The climate for development has changed and investment in housing is increasing gradually in this neighborhood. 14. The current use of the property is vacant lot and the current zoning is SF2 (use). 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 by the Redevelopment Commission): Included in the WWCDA on 10/23/2987 ______~--------------------------- 2