HomeMy WebLinkAboutResolution No 51-2017 - Baney Area AnnexationRESOLUTION NO. 51-2017
A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE CITY OF
SOUTH BEND, INDIANA ADOPTING A WRITTEN FISCAL PLAN AND
ESTABLISHING A POLICY FOR THE PROVISION OF SERVICES TO AN
ANNEXATION AREA IN GERMAN TOWNSHIP
(BANEY ANNEXATION AREA)
WHEREAS, there has been submitted to the Common Council of the City of South Bend,
Indiana, an Ordinance and a petition by all (100%) property owners which proposes the annexation
of real estate located in German Township, St. Joseph County, Indiana, which is more particularly
described at Page 15 of Exhibit "A" attached hereto; and
WHEREAS, the territory proposed to be annexed encompasses approximately 9.65 acres
of land containing a single-family house, which property is at least 12.5% contiguous to the current
City limits, i.e., 100.0% contiguous, generally located on the north side of Cleveland Road (Nimtz
Parkway) west of the St. Joseph Valley Parkway (24605 Cleveland Road). It is anticipated that
the annexation area will be used for light industrial uses; and
WHEREAS, the development will require a basic level of municipal public services of a
non -capital improvement nature, including street and road maintenance, street sweeping, flushing,
snow removal, and sewage collection, as well as services of a capital improvement nature,
including street and road construction, street lighting, a sanitary sewer system, a water distribution
system, and a storm water system and drainage plan; and
WHEREAS, the Board of Public Works now desires to establish and adopt a fiscal plan
and establish a definite policy showing: (1) the cost estimates of services of a non -capital nature,
including street and road maintenance, street sweeping, flushing, and snow removal, and sewage
collection, and other non -capital services normally provided within the corporate boundaries; and
services of a capital improvement nature including street and road construction, street lighting, a
sanitary sewer extension, a water distribution system, and a storm water system to be furnished to
the territory to be annexed; (2) the method(s) of financing those services; (3) the plan for the
organization and extension of those services; (4) that services of a non -capital nature will be
provided to the annexed area within one (1) year after the effective date of the annexation, and that
they will be provided in a manner equivalent in standard and scope to similar non -capital services
provided to areas within the corporate boundaries of the City of South Bend, regardless of similar
topography, patterns of land use, and population density; (5) that services of a capital improvement
nature will be provided to the annexed area within three (3) years after the effective date of the
annexation within the same manner as those services are provided to areas within the corporate
boundaries of the City of South Bend regardless of similar topography, patterns of land use, or
population density, and in a manner consistent with federal, state and local laws, procedures, and
planning criteria; and (6) the plan for hiring the employees of other governmental entities whose
jobs will be eliminated by the proposed annexation.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS OF
THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
Section 1. It is in the best interest of the City of South Bend and the area proposed to be
annexed that the real property described more particularly at Page 15 of Exhibit "A" attached
hereto be annexed to the City of South Bend.
Section 11. That it shall be and hereby is now declared and established that it is the policy
of the City of South Bend, by and through its Board of Public Works, to furnish to said territory
services of a non -capital nature, such as street and road maintenance, street sweeping, flushing,
and snow removal, within one (1) year of the effective date of the annexation in a manner
equivalent in standard and scope to services furnished by the City to other areas of the City
regardless of similar topography, patterns of land utilization, and population density; and to furnish
to said territory, services of a capital improvement nature such as street and road construction, a
street light system, a sanitary sewer system, a water distribution system, a storm water system and
drainage plan, within three (3) years of the effective date of the annexation in the same manner as
those services are provided to areas within the corporate boundaries of the City of South Bend
regardless of similar topography, patterns of land use, or population density.
Section 111. That the Board of Public Works shall and does hereby now establish and adopt
the Fiscal Plan, attached hereto as Exhibit "A", and made a part hereof, for the furnishing of said
services to the territory to be annexed, which provides, among other things, that the public sanitary
sewer and water network is available with capacity sufficient to service this area with the developer
to pay the costs for lateral extensions and any improvements in sewer or water capacity as well as
a City -approved drainage system, all in compliance with state and local law; that no additional
street lighting will be necessary; that no new roads or streets will be required;
Section IV. Site planning should employ Complete Streets principles; and sidewalks
should be provided along public streets and be in compliance with the Americans with Disabilities
Act (ADA).
Section V. It is required as a condition of annexation that any future alterations to the
property meet the City of South Bend's building and zoning requirements.
Adopted the day of dyr&� � ., 2017.
BOARD OF PUBLIC WORKS
OF THE CITY OF SOUTH BEND, INDIANA
.lames A. Mueller, Member
jall" —
Elizabeth A. Maradik, Member
Therese J. 6ora ",ember
Attest:
Li da Martin, Clerk
Baney Annexation Area 2
TABLE OF CONTENTS
SECTION I.
INTRODUCTION...............................................................................3
SECTION II.
GENERAL DATA...............................................................................3
A.
Location
B.
Legal Description
C.
Contiguity
D.
Size of Annexation Area
E.
Buildings & Land Use
F.
Zoning & Subdivisions
G.
Population
H.
Tax Rate & Impact
I.
Parcel Ownership & Assessments
J.
Municipal Legislative District
K.
Hiring Plan
SECTION III.
MUNICIPAL SERVICES....................................................................6
A.
Public Works
B.
Police Department
C.
Fire Department & EMS
D.
Code Enforcement
E.
Environmental Services
F.
Administrative Services
SECTION IV.
LAND USE ANALYSIS & DEVELOPMENT CRITERIA .......................11
SECTION V.
FISCAL IMPACT...............................................................................12
Fiscal
Impact: TABLE 1
SECTION VI.
APPROVAL.......................................................................................14
LegalDescription......................................................................................................15
Map: MAP 1
....................................................................................................16
Baney Annexation Area 3
SECTION I. INTRODUCTION
This Fiscal Plan represents the City of South Bend's (hereinafter, "City") policy for the
annexation of property in German Township, St. Joseph County, Indiana (hereinafter,
"Annexation Area"), and was developed through the cooperative efforts of the Area Plan
Commission and the following City Departments:
Legal Department
Department of Public Works
South Bend Fire Department
South Bend Police Department
Department of Code Enforcement
Department of Community Investment
Department of Administration & Finance
SECTION II. GENERAL DATA
A. Location
The Annexation Area is located on Cleveland Road (Nimtz Parkway) west of the St. Joseph
Valley Parkway (24605 Cleveland Road). See Map 1.
B. Legal Description
The Annexation Area is part of the Southeast Quarter of the Southwest Quarter of Section 19,
Township 38 North, Range 2 East, in German Township, St. Joseph County, Indiana. For a
complete legal description, see Page 15.
C. Contiguity
The Annexation Area is at least 1/8 (12.5%) contiguous to the current City limits:
Contiguous 3,213.0 feet 100.0%
Non -Contiguous 0.0 feet 0.0%
Total 3,213.0 feet 100.0%
D. Size of Annexation Area
The Annexation Area is approximately 9.65 acres in area.
Ba ney Annexation Area 4
E. Buildings & Land Use
The Annexation Area contains one single-family house on a wooded lot. Light industrial uses,
such as manufacturing, assembly, distribution, and warehousing, are proposed for the land.
F. Zoning & Subdivisions
The one property in the Annexation Area is currently zoned "A" Agricultural District in St.
Joseph County. With the annexation petition, the petitioner seeks to rezone the land to "LI"
Light Industrial District in,the City. The Annexation Area does not fall within any subdivision of
record.
G. Population
No people currently reside in the Annexation Area. After development, no residents are
proposed to live in the Annexation Area.
H. Tax Rate & Impact
The tax rates used are those of 2016 payable 2017, The total tax rate for unincorporated
German Township is 2.6362 per $100 of taxable real estate. The total tax rate for South
Bend German Township is 5.9486 per $100 of taxable real estate.
Per State law, the tax caps expressed as a percentage of the gross assessed value for
different classifications of property are as follows, regardless of the property's location being
within South Bend or unincorporated St. Joseph County:
Property Type
Cap
Homestead Residential
1.0%
Non -Homestead Residential
2.0%
Agricultural
2.0%
Other (Commercial)
3.0%
For at least the four years after the effective date of the annexation, the expected tax rates,
tax levies, expenditure levels, service levels, and annual debt service payments are estimated
to be approximately the same as those in effect at the time of annexation for each of the
political subdivisions to which the proposed annexation applies.
Because of the relatively small size of the Annexation Area and its assessed value relative to
the total size and tax base of the various political subdivisions, this annexation is expected, for
at least four years after the effective date of this annexation, to have a negligible impact on
the finances and tax revenues of South Bend and other political subdivisions to which the
proposed annexation applies, on the political subdivisions in St. Joseph County not part of this
Baney Annexation Area 5
annexation, and on taxpayers not part of this annexation.
Parcel Ownership & Assessments
Parcel
Assessed
Identification
Address
Parcel Owner
Value
Number
(Total)
04-1011-018901
24605 Cleveland Road
[The Estate of] Norma J.
$101,400
Baney
Total Assessments
Land: $ 20,100
Improvements: $ 81,300
Tota I (G ross): $101,400
Total (Net): $ 25,300
Assessments are based on 2017 payable 2018 St. Joseph County property tax records.
Municipal Legislative District
The Annexation Area will be in the 1st District.
K. Hiring Plan
This annexation is not anticipated to result in the elimination of jobs for employees of any
other governmental entities. The German Township Trustee has been notified of this
proposed annexation.
Baney Annexation Area
SECTION III. MUNICIPAL SERVICES
A. Public Works
rZ
Sewer - A 36"-diameter sanitary sewer main runs along the eastbound lanes of Cleveland
Road (Nimtz Parkway) adjacent to the southern end of the Annexation Area. At the north end
of the Annexation Area, a 15" main is located near the centerline of Eagle Way. That main
and any stub for future connection were constructed as part of the 2004 Olive Road
Commerce Park Project. Extension to the Annexation Area would require an Indiana
Department of Environmental Management permit. Any future sewer main extension should
also anticipate connection for the parcel to the east of the Annexation Area.
Development of the site requires City approval of a drainage plan that meets the City's
requirement to store on site all runoff from developed areas. Connection to the City storm
sewer is not permitted.
Wafer- The South Bend Water Works currently has a 12" water main that runs on the south
side of Cleveland Road (Nimtz Parkway). This water main would provide sufficient capacity for
the Annexation Area. Also, a 10" water main is located near the centerline of Eagle Way.
Extensions of, or taps into sanitary sewer and water lines shall be governed by state law and
the rules and regulations of the South Bend Water Works and Sewer Utility. The Annexation
Area will be subject to system development charges for both water and sewer services.
Street Lighting -- Street lighting is provided along Cleveland Road (Nimtz Parkway) at the
southern edge of the Annexation Area. Should any additional lighting be necessary, street
lighting on wood poles with overhead wiring can be provided through an ongoing contract with
Indiana Michigan Power. If the developer wishes to construct and dedicate additional street
lighting, especially of a decorative nature or with underground wiring, the City may accept it for
maintenance and operation, supported by property tax revenue.
Waivers of Annexation - No waivers of right to remonstrate against annexation are in effect
for this area.
Streets - No new public streets are proposed with this annexation. The portion of Cleveland
Road (Nimtz Parkway) adjacent to the Annexation Area is already within the city limits. If any
changes are made to property access, including the driveway on Cleveland Road (Nimtz
Parkway), a City Curb Cut Application will be required.
The petitioner may be responsible for installing sidewalks along the north side of Cleveland
Road (Nimtz Parkway) adjacent to the annexation parcel as it develops.
Baney Annexation Area
2016 Actual Budget Report for the Department:
Expenditures:
Miles of Roadway in City:
Cost per Mile:
New Mileage within Area:
Estimated Maintenance Cost
for Annexation Area per year:
$13,682,549
@502
@$27,256
@0.00 miles (0 feet)
@$0
7
Baney Annexation Area 8
B. Police Department
The Annexation Area would be added to the existing Beat 22. Police patrols, traffic
enforcement, and emergency responses will be part of the services the City will offer to this
area. This proposed annexation would require officers to cover a relatively small additional
area on this beat.
At this time, it is not expected that this annexation would cause calls for service to increase
significantly, and it is not anticipated that it will be necessary to increase police patrols beyond
the existing beat patrol. The addition of this Annexation Area will not significantly increase
response time within the beat.
The cost for servicing the proposed area is not expected to impact the existing budget of the
Police Department with any significance. The patrol costs would be assumed by the Police
Department budget. However, this area, as well as all other areas of the City, will continually
be monitored for level of service demands and other criteria that would necessitate additional
resources through budgetary increases or possible shifting of existing resources, such as a
beat restructure.
Police services and response time in this area can be expected to be comparable with that as
in all other areas of the City. Police coverage to this area could begin immediately upon
annexation.
Note: The cost of service for this Annexation Area is based on the number of parcels.
Household information is provided for comparative purposes.
2016 Actual Budget Report for the Department:
Expenditures (including pension cost):
Number of Households in City (2010):
Cost per Household:
Number of Parcels in City (2017):
Cost per Parcel:
Proposed Number of Households in Area
Proposed Number of Parcels in Area:
Cost for Annexation Area per year:
$38,121,438
@39,760
@$959
@48,000
@$794
0
1
$794 (1 parcel x $794/ parcel)
Baney Annexation Area
C. Fire Department & EMS
I
Fire Response -The South Bend Fire Department provides a fully staffed, full-time fire
department. The Annexation Area will be serviced primarily by Fire Station #11, located at
3505 N. Bendix Drive, approximately 3.2 miles away. Additional Fire Department units would
respond from Fire Station #7 at 1616 Portage Avenue, which is approximately 5.4 miles away.
The South Bend Fire Department does not foresee any unusual fire protection problems
related to this annexation. Response times will be comparable to other areas of the City. No
additional equipment will need to be purchased or personnel hired to service the Annexation
Area. Fire coverage to this area could begin immediately upon annexation. Adequate water
supply will be necessary as development takes place.
Emergency Medical Response - The City will provide emergency medical response to the
Annexation Area. This area will be serviced by Medic #11, which is at Fire Station #11,
located at 3505 N. Bendix Drive (approximately 3.2 miles away), and Medic #4, which is at
Fire Station #4, located at 220 N. Olive Street (approximately 5.7 miles away).
Response times will be comparable to other areas of the City. No additional equipment will
need to be purchased or personnel hired to service the Annexation Area. Emergency medical
services are supported by user fees and would be available upon annexation.
Note: The cost of service for this Annexation Area is based on the number of parcels.
Household information is provided for comparative purposes.
2016 Actual Budget Report for the Department:
Expenditures (including pension cost): $34,455,772
Number of Households in City (2010): @39,760
Cost per Household: @$867
Number of Parcels in City (2017): @48,000
Cost per Parcel: @$718
Proposed Number of Households in Area: 0
Proposed Number of Parcels in Area: 1
Cost for Annexation Area per year: $718 (1 parcel x $718/ parcel)
D. Code Enforcement
The Annexation Area will be added to Area 8. The Department of Code Enforcement will be
able to provide services to the Annexation Area with comparable response times. The
Department will respond to calls for service upon the effective date of the annexation. Full
and dedicated response will be in place within one year of the effective date of the
annexation.
Saney Annexation Area 10
2016 Actual Budget Report for the Department:
Expenditures $3,722,813
Number of Parcels in City (2017): @48,000
Cost per Parcel: @$78
Proposed Number of Parcels in Area: 1
Cost for Annexation Area per year: $78 (1 parcel x $78 / parcel)
E. Environmental Services
Wastewater Treatment - Wastewater treatment services are supported by user fees and are
paid through the Water Works billing system.
Solid Waste - Larger scale commercial or industrial customers are generally not served by the
Bureau of Solid Waste. However, the Bureau of Solid Waste can provide service to small
commercial customers at $16.22 per month, or the prevailing rate at that time, for a 96-gallon
container with service beginning on the effective date of the annexation.
F. Administrative Services
The City of South Bend provides a wide range of services other than those noted above, such
as the Mayor's Office, the Legal Department, and Venues Parks & Arts.
These services are available upon the effective date of the annexation. Full and dedicated
response for non -capital services will be in place within one year of the effective date of the
annexation. Costs for these services have not been calculated.
The incorporation of the Annexation Area will not affect the provision of other services
currently provided to this property on a countywide basis. The St. Joseph County Health
Department, the St. Joseph County Public Library, the Area Plan Commission, and the St.
Joseph County/South Bend Building Department are among the countywide agencies that will
continue to provide the same type and level of services to the Annexation Area.
Countywide services will continue to be supported by the County and Township taxes that will
remain in effect.
Baney Annexation Area 11
SECTION IV. LAND USE ANALYSIS & DEVELOPMENT CRITERIA
This proposed annexation will add one single-family house on a wooded lot to the City of South
Bend. The petitioner proposes to develop the parcel for light industrial uses. The Annexation
Area is presently zoned "A" Agricultural District in unincorporated St. Joseph County. A light
industrial use zoned "LI" Light Industrial District in the City is located to the north. To the east
and to the south are wooded parcels zoned "LI" Light Industrial District in the City. To the
west are light industrial uses zoned "LI" Light Industrial District in the City.
The Annexation Area is located on Cleveland Road/Nimtz Parkway west of the St. Joseph
Valley Parkway, an area designated for light industrial uses on the future land use map of City
Plan, South Bend's comprehensive plan. Generally, a combination of light industrial uses and
undeveloped wooded and agricultural land is found in the surrounding area. The site has
excellent access to the St. Joseph Valley Parkway and the Indiana Toll Road.
The petitioner proposes to redevelop the site for light industrial uses, possibly including uses
such as manufacturing, assembly, distribution, and warehousing. The preliminary site plan
does not provide a proposed layout but notes that the project shall meet the City's
development standards.
As part of its site planning, the petitioner should consider physical connections to adjoining
parcels as appropriate. To the extent possible, mature trees and other natural features of the
Annexation Area should be preserved, especially alongthe project's perimeter. The site
design should orient buildings to public streets. The site should be laid out to minimize
conflicts among vehicles and pedestrians, both on site and at access points from public
streets.
Any improvements or future changes must meet the City's applicable building, zoning, and
subdivision ordinances.
Baney Annexation Area
SECTION V. FISCAL IMPACT
12
1) Essential city services can be made available to the residents (and territory) of the
Annexation Area in a timely and comparable fashion per the requirements of State law and
this fiscal plan.
2) The City is financially able to support city services to the territory sought to be annexed.
3) Required improvements made by the petitioner and/or owner of the parcel(s) must be
made in accordance with the standards of the City of South Bend.
4) Required improvements made by the City, if any, will be completed within the time frames
provided by State law and this fiscal plan.
5) All figures are estimates. Final cost of capital expenditures, if any, will not be determined
until bids are publicly solicited, contracts are awarded, and projects are closed out.
6) Property tax revenue and land assessment estimates are based on a combination of 2016
payable 2017 tax information, assessments of comparable developments, estimates of units
built, estimates of unit values and land assessments, and tax abatements or adjustments, if
any. Tax rates are subject to change every year, and property tax revenues may be subject to
tax caps.
7) Department expenditures and revenues are derived from the City of South Bend Budget.
8) The estimated costs to provide services, noted in Section III, Municipal Services, is a City-
wide average based on a particular budget year. In the case of the proposed development in
the Annexation Area, some of these services may not be required or possibly requested for
many years. Hence, the cost of providing services over the first five years should be evaluated
with this in mind.
Baney Annexation Area 13
TABLE 1
Summary Table - Estimated Fiscal Impact
Expenditures
Capital
(Est.)
Non -Capital
Per Year (Est.)
Notes
5-Yea r Total
Street Construction
$0
$0
Sewer Extension
$0
Connection at
petitioner's
expense
$0
Water Extension
$0
Connection at
petitioner's
expense
$0
Street Lights
$0
$0
Street Maintenance
$0
$0
$0
Police
$0
$794
$3,970
Fire
$0
$7.18
$3,590
Code
$0
$78
$390
Approximate 5-Year Expenditures
$7,950
Revenues
Notes
Total (Est.)
5-Year Total
Property Taxes
(to City)
Year 1
$685
$89,955
Year 2
$535
Year 3
$535
Year 4
$44,100
Year 5
$44,100
MVH/LRSA
Estimated at revenue
per mile of $22,520
$0
$0
Approximate 5-Year Revenues
$89,955
Revenue estimate based on $25,500 net assessment and capped tax rate of 1% of
$101,600 gross assessment in Year 1; $20,300 net assessment and capped tax rate of 3%
of $20,300 gross assessment in Years 2 and 3; and $2,100,000 net assessment and capped
tax rate of 3% of $2,100,000 gross assessment, first taxable in Year 4.
Baney Annexation Area 14
SECTION VI. APPROVAL
Approved by the City of South Bend Common Council this day of
2017.
Baney Annexation Area 15
LEGAL DESCRIPTION
The West Half of the East Half of the Southeast Quarter of the Southwest Quarter of Section
Nineteen (19), Township Thirty -Eight (38) North, Range Two (2) East, containingten (10)
acres, more or less, excepting therefrom the south 40.00 feet measured at right angles, of the
West Half of the East Half of the Southeast Quarter of the Southwest Quarter of Section 19,
Township 38 North, Range 2 East, German Township, St. Joseph County, Indiana, more
particularly described as follows:
Commencing at the Southeast Corner of the Southwest Quarter (SW 1/a) of Section 19; thence
North 89°51'49" West along said South Line of the Southwest Quarter (SW 1/a) a distance of
331.51 feet; thence North 00°24'05" West, 40.00 feet to the North Right of Way Line of
Cleveland Road, and to the point of beginning of this description; thence
North 89°51'49" West, being 40 feet North of and parallel with the South Line of the
Southwest Quarter of said Section 19, a distance of 328.86 feet, to the East Line of the
recorded plat of "Wells Electronics Minor" as known and recorded in the Office of the
Recorder of St. Joseph County in Instrument Number 9540132; thence North
00 ° 25'16" West, along said East Line and also along the East Line of Lot 1 in the recorded
plat of "Fawn Development Minor Subdivision" as known and recorded in the Office of the
Recorder of St. Joseph County in Instrument Number 9749756, a distance of 1276.63 feet to
the South Line of Lot 2 in the recorded plat of "Olive Road Commerce Park Ameriplex Minor
Subdivision" as known and recorded in the Office of the Recorder of St. Joseph County in
Instrument Number 0157246; thence North 89651'00" East, along said South Line and also
along the South Line of Lot AAA in the recorded plat of "Olive Road Commerce Park -Second
Replat", as known and recorded in the Office of St. Joseph County in Instrument Number
0035547, a distance of 329.28 feet, to the West Line of a parcel of land owned by "31 Nimtz
Land, LLU and recorded in the Office of the Recorder of St. Joseph County in Instrument
Number 1704026, and as shown on Instrument Number 1611106 -A Recorded Survey;
thence South 00024'05" East, along said West Line, a distance of 1278.27 feet to the
aforementioned point of beginning.
Above description containing 9.65 acres of land more or less, and is subject to all easements,
restrictions, and public rights of way of record.
Baney Annexation Area 16
MAP 1
Baney Annexation Area
0 250 500 1,000
City oFSouth Bend BaneyAnnexationArea
Feet
Prepared by City nfSouthBend Department ofCommunity Investment September21,2017
BOARD OF PUBLIC WORKS
AGENDA ITEM REVIEW REQUEST FORM
Date November 3, 2017
Name Michael Divita`0_ Department DCI
BPW Date November 14, 2017 Phone Extension 5843
Legal Attorney Name Aladean DeRose .. ... ,:
. � Y
Controller ❑ Controller review is required for all Contracts $5,000.00 or more and
greater than one year in length per the City Purchasing Policy
Purchasing ❑
LJ Agreement
❑ Professional Services
❑ Bid Opening
❑ Quote Opening
❑ Change Order No.
❑ Ease/Encroach.
❑ Other:
L_J Contract
® Resolution
❑ Bid Award
❑ Quote Award
❑ C/O &PCANo.
❑ Traffic Control
Proposal
❑ Req. to Advertise
❑ PCA
Addendum
❑ Title Sheet
Company or Vendor Name
New Vendor ❑ Yes ❑ No ❑ If Yes, Approved by Purchasing
MBEIWBE Contractor ❑ MBE ❑ WBE
MBEIWBE Contractor Requested ❑ No ❑ Yes Name of Company
Project Name
Project Number
Funding Source
Account No.
Amount $
Terms of Contract
Purpose/Description Adoption of a Fiscal Plan for the Baney Annexation Area
❑ Required Contractor's Certification Form Attached (Non -
Collusion, Non Discrimination, .Non -Debarment, E Verif MEEIran, etc.
Amount of increase $
❑ Decrease $
Previous Amount $
Current Percent of Change: %
Investment