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HomeMy WebLinkAboutReconfirming Tax Abatement - 219,233,227,208,212 & 228 Notre Dame Ave & 827 Wayne St.(5yr.Real) Weiss,LLPR.ES®LUTI®~! 4057-10 Passed by the Common Council of the City of South Bend, Indiana October 11, Attest City Clerk c. ~ ident of Common Council October 12, 20 10 Approved and signed by me October 13 , 2010 10 20 City Clerk Presented by me to the Mayor of the City of South Bend, Indiana RESOLUTION NO. ~~~ ~ ~~~ A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, NOW COMMONLY KNOWN AS 219, 223, 227, 208, 212 and 228 NOTRE DAME AVENUE and 827 WAYNE STREET AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR KENDALL-WEISS, LLP WHEREAS, the Common Council of the City of South Bend, Indiana, adopted Declaratory Resolution Number 3785-07 designating a certain area within the City as a Residentially Distressed Area for the purpose of tax abatement consideration; and WHEREAS, the Common Council of the City of South Bend, Indiana adopted Confirmatory Resolution Number 3788-07 confirming the designation that a certain area within the City be a Residentially Distressed Area for the purpose of tax abatement consideration; and WHEREAS, the aforementioned Resolutions identified the area as made up of nine parcels then commonly known as 219, 222, 224, 228, 231 South Notre Dame Avenue and 827 East Wayne Street together with three vacant lots without addresses and with the following tax key numbers 18-6003-0069, 18-6007-0169, 18-6007-0170, 18-6007-0172, 18-6003-0074, 18-6003-0075, 18- 6003-0070, 18-6003-0071, 18-6007-0171 and to be a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et se ., and South Bend Municipal Code Sections 2-76 et sec ., and; WHEREAS, the petitioner subsequent to issuance of the Resolutions, and without altering the outside boundaries of the Residentially Distressed Area, replatted the individual parcels all within the area to have the following street addresses, legal descriptions and key numbers: STREET ADDRESS LEGAL DESCRIPTION KEY NUMBER 219 Notre Dame Avenue Lot 1 in Weiss Homes Notre Dame Avenue 018-6003-0069 Minor # 1, as per plat there of, recorded in instrument number 0741125 in the Office of the Recorder of St. Jose h Coun ,Indiana 223 Notre Dame Avenue Lot 2 in Weiss Homes Notre Dame Avenue 018-6003-0070 Minor # 1, as per plat there of, recorded in instrument number 0741125 in the Office of the Recorder of St. Jose h Coun ,Indiana 227 Notre Dame Avenue Lot 3 in Weiss Homes Notre Dame Avenue 018-6003-0074 Minor # 1, as per plat there of, recorded in instrument number 0741125 in the Office of the Recorder of St. Jose h Coun ,Indiana 827 Wayne Street Lot 4 in Weiss Homes Notre Dame Avenue 018-6003-0075 Minor #l, as per plat there of, recorded in instrument number 0741125 in the Office of the Recorder of St. Jose h Coun ,Indiana 208 Notre Dame Avenue Lot 3 in Weiss Homes Notre Dame Avenue 018-6007-0169 Minor #2, as per plat there of, recorded in instrument number 0741126 in the Office of the Recorder of St. Jose h Coun ,Indiana 212 Notre Dame Avenue Lot 1 in Weiss Homes Notre Dame Avenue 018-6007-0170 Minor #2, as per plat there of, recorded in instrument number 0741126 in the Office of the Recorder of St. Jose h Coun ,Indiana 228 Notre Dame Avenue Lot 2 in Weiss Homes Notre Dame Avenue 018-6007-0172 Minor #2, as per plat there of, recorded in instrument number 0741126 in the Office of the Recorder of St. Jose h Coun ;Indiana and requested that these new street addresses, legal descriptions and key numbers be recorded in the tax abatement resolutions and serve in place of those previously listed; and WHEREAS, the outside boundaries of the Residentially Distressed Area remain as originally presented; 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 in Resolutions 3785-07 and 3788-07 under the provisions of Indiana Code 6-1.1-12.1 et se ., and South Bend Municipal Code Sections 2-76 et seQ• 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 seq., for tax abatement. 2 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. 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 reconfirms 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 Common Council and approval by thf PRESEPJ7ED ~ ~ ~~-"L~ NOT. APPROVEt~ 4 "hDOPTE~Ji "~ l,D -f( \-"~-~ on by the Fib^~~ In ~~~1°4a'~ Ear€~Ce ~C ~ - J I_~iu ~l'I'~ is '~~I:L:Fi41C CITY y~,`".r~v, cL?. fic`J'1, I'J. TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Your Committee of the Whole, to whom was referred: BILL NO. 10-51 A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, NOW COMMONLY KNOWN AS 219, 223, 227, 208, 212 AND 228 NOTRE DAME AVENUE AND 827 WAYNE STREET AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR KENDALL-WEISS, LLP Respectfully report that they have examined the matter and that in their opinion, this bill is being recommended to the full Council with a favorable recommendation. Ann Puzzello Chairperson, Committee of the Whole 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SovTx BEND, INDIANA 46601-1830 PHONE 574/ 235-9371 FAx 5741235-9021 TDD 5741235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY $L ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR October 4, 2010 Council Member Timothy Rouse, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Real Property Tax Abatement for: Kendall-Weiss, LLP Dear Council Member Rouse: On September 24, 2007, through Resolution Number 3788-07, the Common Council approved a Residentially Distressed Area (RDA) for Kendall-Weiss, LLP for residential tax abatement. The RDA contained nine parcels. The parcels were commonly known as 219, 222, 224, 228 and 231 South Notre Dame Avenue and 827 East Wayne Street plus three vacant lots that did not have street addresses. The parcels had the following tax key numbers: 18-6003-0069, 18-6007-0169, 18-6007-0170, 18-6007-0172, 18-6003-0074, 18-6003-0075, 18-6003-0070, 18-6003-0071 and 18-6007-0171. After the Confirming Resolution was approved the parcels inside the RDA were replatted. Although the boundaries of the RDA were not changed, the boundaries of the parcels inside of it were reconfigured and the number of parcels was reduced to seven. Also, new legal descriptions, tax key numbers, and street addresses were adopted. This has led to confusion as potential buyers have come in to apply for tax abatements on the parcel they wish to purchase. The new tax key numbers and street addresses are as follows: ADDRESSES TAX KEY NUMBERS 219 Notre Dame Avenue 018-6003-0069 223 Notre Dame Avenue 018-6003-0070 227 Notre Dame Avenue 018-6003-0074 827 Wa ne Street 018-6003-0075 208 Notre Dame Avenue 018-6007-0169 212 Notre Dame Avenue 018-6007-0170 228 Notre Dame Avenue 018-6007-0172 COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL RC PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 5741235-9660 574/235-9371 EL¢aeeTH LeoNAxD Fax: 574/235-9697 574/235-9371 South Bend Common Council RE: Kendall-Weiss, LLP October 4, 2010 Page 2 The above addresses and key numbers along with each new parcel's legal description are contained in the attached reconfirming resolution. This letter is to inform the Council of the issue and to present a reconfirming resolution. Similar requests of this type have been made before to correct scriveners' errors. Accordingly, the South Bend Common Council is requested to adopt the attached reconfirming resolution for the sole purpose of alleviating confusion created by the replatting process. This resolution corrects all scriveners' errors, with this process having been discussed with the Council's attorney. The boundaries of the Residentially Distressed Area originally approved by the Common Council have not changed, therefore, the Statement of Benefits is still correct and did not have to be revised. In all other respects, the resolution is identical to the confirming resolution previously adopted. A copy of the original abatement packet is also attached. A representative of the petitioner will be available to meet with the Committee on Monday, October 11, 2010. Should you or any of the other Council members have any questions concerning this letter, or need additional information, please feel free to call me at 235-5835. Sincerely, Bob Mathia Assistant Director, Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeffrey Gibney Don Inks I~il^~ In CIeI~k'~ ®~tlce f~~,` - 6 ZQ~~ 1 ZOO COUNTY-CrrY BUILDING 227 W. JEFFERSON BOULEVARD SoUTe BEND, INDIANA 46601-1830 PHONE 574/ 235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND S1"EPHEN J. LUECKE, MAYOR COMMUNITY & ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR August 15, 2007 Council Member Derek 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: KENDALL-WEISS, LLP 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 Kendall-Weiss to build (6) six, single-family homes in an urban infill development located on 0.96 acres on South Notre Dame Avenue and 827 East Wayne Street. 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 (6) six, single-family homes at a total cost of $1,170,000. The project meets the qualifications for a (5) five-year real property tax abatement. The petitioner will be available to meet with the Committee on Monday, September 10, 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 235-9278. Sincerely, ~~', . , ~`t~7L Kathy Ha Economic Development Attachments ce: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks Bob Mathia F. _ .. _ _. ~, - -- ~ ~;;',J CITY CLF~'. ~~. C=,; , IDI. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HC PROGRAM PAMELA C. MEYER - DONALD E. INKS MANAGEMENT 574/235-9CG0 574/235.9371 ELIZIDETH LEONARD Fax: 574!235-9G97 574/235-9171 TAX ABATEMENT REPOR T TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: KENDALL-WEISS, LLP 219, 222, 224, 228, and 231 South Notre Dame Avenue and 827 East Wayne St. DATE: August 15, 2007 On August 15, 2007, a petition for residential tax abatement consideration for real property located at 219, 222, 224, 228, and 231 South Notre Dame Avenue and 827 East Wayne Street was filed with the City Clerk by Kendall-Weiss. 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.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Kendall-Weiss intends to construct (6) six, new, single-family homes on approximately 0.96 acres of land. The homes will consist of approximately 1,800 square feet and will include three bedrooms, a basement, and an attached two car garage. The average cost of the homes will be approximately $195,000. Possible infrastructure improvements will consist of new curbs and sidewalks, replacement of water service taps, and asphalt resurfacing of the alleys. Total taxes to be abated during the five-year (5) abatement period. is estimated at $10,262 per home for a total tax abatement of $61,572 for the 6 homes. South Bend Common Council RE; Kendall-Weiss, LLP August 15, 2007 - Page 2 Total taxes to be paid during the five-year (5) abatement period for each home is estimated at $8,616 per home resulting in $51,696 being paid for the 6 homes. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the petitioner has been associated with or been granted the following previous tax abatements. Term/Tyne Resolution No. Date 5-year real property 3697-07 February 19, 2007 5-year real property 3551-06 January 9, 2006 5-year real property 3494-OS July 25, 2005 5-year real property 3481-OS June 27, 2005 5-year real property 3398-04 October 25, 2004 5-year real property 3352-04 July 12, 2004 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 not located in any Tax Incremental Allocation Areas; therefore, no action is required by the South Bend Redevelopment Commission. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications fora (5) five-year residential tax abatement under Section 2-77.1, Single Family Residential Construction. ~'°'; r 0 C-~ - 6 201 ,.~.-----.,n~: s~~,tt ~soo ~~,'~, t_. 5 YEAR 15-Aug-07 Kendall Weiss, LLP $195,000.00 South Bend Portage Township Residential Rea! 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 195000 Total Taxes Tax Abated*' Tax Paid"' 165, 750.00 165, 750.00 165, 750.00 10,000.00 N/A N/A . 175,750.00 165,750.00. 165,750.00 (3,000.00) (3,000.00) (3,000.00) (35,000.00) (35,000.00) (35,000.00) 137, 750.00 127,750.00 127,750.00 Less Maximum Abatement Deduction Less Non-Abated Amount Plus Land Assessed Value 'Net Assessed Value Property Taxes: Assume constant tax rate of Gross Tax (tax rate x net assessed value) Less SRTC: 21.6906% Less Homestead Credit: 32.0670°t° Net Tax N/A N/A (74,880.00) N/A (52,870.00) N/A N/A N/A 10,000.00 137,750.00 74,880.00 62,870.00 5.1524% 5.1524% 5.1524% 7,097.43 3,858.12 3,239.31 (1,539.48) (836.85) (702.63) (1,782.27) (968.83) (813.44) 3,775.69 2,052.44 1,723.25 Year Net Assessed Value Total Taxes Due Tax Abated Tax Paid 1 137,750.00 3,775.69 2,052.44 1,723.25 2 137,750.00 3,775.69 .2,052.44 1,723.25 3 137,750.00 3,775.69 2,052.44 1,723.25 4 137,750.00 3,775.69 2,052.44 1,723.25 5 137,750.00 3,775.69 2,052.44 1,723.25 5 year totals: 18,878.43 10,262.19 8,616.24 '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 and maximum abated portion of $74,880 and adding back the land assessed value. ``•~~~~ S~'fi~Et~EI~~ ©F BEf~EF6~'S ~~ State Fomi 2i 167 (R7 ! ?2-0? ) Prescribed by the Department of Lacal Government Finance ~~~~~ •a.~ FORtl4 .SB-~ INSTRUCTIONS: i. This statement must be submitted fo the body designating the economic revitalization area prior to the public hearing if the designating body requires infor- mation from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person instaNs the new manufacturing equipment and ! or research and development equipment, yr BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. "Projects" planned or committed to after July 1, 1987 and areas designated after July 1, i 987 require a STATEMENT OF BENEFITS. (IC 6-1.1-f 2. i) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, or prior to installation of the new manufacturing equipment and ! or research and development equipment, BEFORE a deduction may be approved. 3. 70 obtain a deduction, Form 322 ERA, Real Estate Improvements and / or Fomr 322 ERA l PPME and ! or 322 ERA I PPR & DE, must be fled with the county auditor. With respect to rest property, Form 322 ERA must be fried by the later of.• (i) May 10; or {2 thirtyy (30J days alter a notice of increase in real property assessment is received from the township assessor. Form 322 ERA 1 PPME and l or 322 ERA PI~R & DE must be filed between March 1 and May 75 of the assessment year in which new manufacturing equipment and l or research and development equipment becomes assessable, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March 1 and the extended due date of that year. 4. Property owners whose Statement of Benefits was approved aRer June 30. 199 i must submit Form CF - i annually to show compliance with the Statement of Benefits. (1C 6-i. i-12. i-5.6) 5. The schedules established under IC 6-1.1-12.1-4(dj and lC 6-1.1-12.1-4.5 (ej effective July 1, 2000 apply to any statement of benefits filed ort or after July 1, 2000. The schedules effective prior fo July f, 2000 shall continue to apply to those statement of benefits filed before July f, 2000. • ~- • Name of taxpayer ~Cc,JOAt,I, WF tss ~ LLP Address of taxpayer (street and number, city, state and ZIP code) vZ8 EAsT ~EFt~tS,on.) f39Vt~~Arl-n ~ ~vrt+ QED, t ~.1 4Coto17 Name of contact pe on ,,1j'~ ,-1 ~j~tf}tJ /((~tt~..>=1L Vtt:E P26StD~i of ('p~R,q•~-ior.~ yV~tss ~~^6S Telephone number (5~4) 234-7373 •. ~ •-. Name of designating body Resolution number O~/TFI' ~f-+uID ~MM~ti1 ~nlGll.r Locafton of property ~ flZ .nt= ` 4 Ste- ~Z, 'r37 rJ fLZE County S~ . J~SE.Pt-F~ Taxing district a2,-' T~w~ Description of real property improvements and 1 or new manufacturing equipment and 1 or ESTIMATED research and development equipment (use additional sheets if necessary) Start Date Completion Date ViuPER~J~wP~ F~Na V'~Ga~tt' pa.oaty~-ry ~,~1~~- a~- Real Estate ~~~ Zp,~' ~~~~ zt~ - f o pE~/E~oP60 tf3s o NUJ 5u~1GLE.-FA~tt.~ {-hM~S. tJFRAsT~Utrv~2! lMp~oVlrMt.w!'I-S t~"~ t ~t-~v~E- M~M/ New Mfg Equipment Gvl26S ~ StDE.wALKS ~ v~lATER TAPS ~A AwE-f RE~SVRF~-1 R 8 DE Current number Salaries Number retained Salaries - NA 1 A ~ Number additional Salaries J J~ t - t A N~4 n n ~ h NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the Real Estate Improvements Machinery Research and Development Equipment COST of the property is confidential. Cost Assessed Value Cost Assessed Value Cost Assessed Value Current values Pius estimated values of proposed project ~ (70 000 less values of any property being rep}aced ' ~} Net estimated values upon completion of project } 17C, 000 • • . . • - • Estimated solid waste converted (pounds} ~ Estimated hazardous wa cop ertrre~~~~i /[w~r'Q~u[p'~t ~~ ~- Other benefits: ~/.~ 7 ~.1 ~ ~ ~ . r., ..'1 • • I hereb certi that the re resentations in this statement are true. Signature of authorized representative Title e signed (month, day, year) Dat ~i c d CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located withiri the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property tax abatement consideration and pursuant to I.C., 6-1.I-12.1-1, et, se4., and South Bend Municipal Code Sec. 2-76 et se .for this petition states the following: I . 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): ~FFE !o P2oPas~t~ SI+J6,t~E FAn~t~-/ ~n6S. !S p.~ t_11:4~~ {N ~~-. ~JF~.oPMEn1'i' ~AC.~-~ Pfl oN d Rto A~2f~~ T~ [~r~F 5 ~.tiu.. [3~ +l -.SOo ~c7~eyt~= FF~; Eyccc.ufl~>JGI /S.45EM~n+TS poSSt4tE f1UF/~zs'rYl-y~%~~ !MP/LOJEMFM'S IIJ P~t~D+~-w~J ~ Nth! ~ME G>...+5Z,2.iLr+ati/ ~W«tr (N~we~ NFw Gu/1t~S Rr•/~ 5+t~~..t4~C ~FP+J.F[.~MFr/'1• ~F' y,/A-rF1L «~SE2ytc~t Tom, /~N~ P~SPE4At.- 2CSvRFaunu, aP ~ A~~~S SuGI~- trJFt~V QESI~ENt•1/Lt~ pEJEt,.oPME~ {5 J-ra~ Z-a T?t~ cl~,l A-Na -S ~ t[,E-/ o67EC.n~r~ Wts'1}In\ G+rY f~[.A~+~1. 2. Estimate the dollar value of the construction project (do not include Land cost): $ R7Co,Oc~o 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 publiclyheId,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): Address Inters SZFi E. 5~C-~~o-J tat V D. Irv ' S~u~ t~Eafl IN ~t~t7 4. The commonly known address of the Property is: S~ Pr"~~~-ice ~ S~~` and having tax key no.: SEE /~4-t ~ Ac.rf~ SNP--~- (use additional sheet for multiple addresses or key numbers). 5. A legal description of said Property(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 is $ S~ f}"RAc11ba (use additional sheet for multiple addresses). (This information maybe 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): S~ ~ra~+tEn ~~T - (This information may be 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: $ d t 70 pod Tax Key Number Property Address Assessed Valuation* ~ Land improvements Total Taxes Paid 2006"" 2005"*" 18-6003-0069 219 S. Notre Dame Ave. $8,300 $27,900 $36,200 $488.25 $384.72 18-6003-0070 Vacant Lot $6,500 $0 $6,500 $325.59 $101.59 18-6003-0071 ~ Vacant Lot $6,500 $0 $6,500 $325.59 $101.59 18-6003-0074 231 S. Notre Dame Ave. (Vacant) $4,600 $0 $4,600 $133.14 $126.50 18-6003-0075 ` 827 E. Wayne St. (Vacant) $9,200 $0 $9,200 $318.74 $302.86 18-6007-0169a 222 S. Notre Dame Ave. (Vacant) $5,600 $0 $5;600 $181.56 $172.52 18-6007-0170 ~ 224 S. Notre Dame Ave. (Vacant) $2,000 $0 $2,000 $32.28 $30.66 18-6007-0171 t Vacant Lot $5,300 $0 $5,300 $165.42 $157.18 18-6007-0172 ~ 228 S. Notre Dame Ave. ~ $7,300 $19,100 $26,400 $1,008.70 $958.42 Total $55,300 $47,000 $102,300 $2,979.27 $2,336.04 *Before construction and improvements. **Taxes paid 2007. ***Taxes paid 2006. „~"'"-~~^'~-~~ a C': i. , ~. ~ "'~ 6 •M - _ _ ... _....:----- '~~ v ' j _ - rr .,...- PARCEL VI: PART OF LOT NUMBERED FOUR (4) AS SHOWN ON THE RECORDED PLAT OF ADAM BARMAN'S SUBDIVISION OF LARGE LOT NUMBERED 21 IN SAMUEL L. COTTRELL'S FIRST ADDITION TO THE TOWN OF LOWELL, NOW A PART OF THE CITY OF SOUTH BEND, IN ST. JOSEPH COUNTY, INDIANA, DESCRIBED AS BEGINNING AT THE NORTHWEST CORNER OF SAID LOT NUMBERED 4; RUNNING THENCE EAST, 122.5 FEET; THENCE SOUTH 33 FEET; THENCE WEST 122.5 FEET TO THE EAST LINE OF NOIRE DAME AVENUE IN THE CITY OF SOUTH BEND; THENCE NORTH ALONG THE EAST LINE OF NOIRE DAME AVENUE, 33 FEET TO THE PLACE OF BEGINNING. (TAX ID # 18-6007-0169) ,z'x--x- ~ ~~ ~ PARCEL VII: A LOT OR PARCEL OF LAND FORTY-TWO AND ONE-HALF (42 1/2) FEET IN WIDTH, EAST AND WEST, TAKEN OFF OF AND FROM THE ENTIRE WIDTH OF THE EAST END OF LOT NUMBERED FOUR (4) AS SHOWN ON THE RECORDED PLAT OF ADAM BARMAN'S SUBDIVISION OF LARGE LOT NUMBERED TWENTY-ONE (21) IN SAMUEL L. COTTRELL'S FIRST ADDITION TO THE TOWN OF LOWELL, NOW A PART OF THE CITY OF SOUTH BEND. (TAX ID # 18-6007-0171) (/ i, PARCEL VIII: THE NORTH ONE-HALF OF LOT NUMBERED THREE HUNDRED THIRTY-THREE (333) AS SHOWN ON THE RECORDED PLAT OF SAMUEL L. COTTRELL'S ADDITION TO THE TOWN OF LOWELL, NOW WITHIN AND PART OF THE CITY OF SOUTH BEND, TOGETHER WITH THE SOUTH ONE-HALF OF THE VACATED ALLEY LYING NORTH AND ADJACENT TO SAID LOT NUMBER THREE HUNDRED THIRTY-THREE (333). (TAX ID # 18-6003-0069) ~~ mil, .f ~%' SUBJECT TO ANY EASEMENTS, COVENANTS, RESTRICTIONS, AND RIGHT OF WAY OF RECORD. THIS DESCRIPTION WAS PREPARED BY DEREK J. SPIER, A.I.C.P. EMPLOYED BY ABONMARCHE CONSULTANTS OF INDIANA, L.L.C:, ON AUGUST 3, 2007; THIS DESCRIPTION IS BASED UPON RECORD DOCUMENTS, NO RETRACEMENT SURVEY SERVICES WERE RENDERED TO CREATE THIS DESCRIPTION.