HomeMy WebLinkAboutFiscal Plan for Stadium Place Phase II Annexation Area in Clay TownshipRES®LUTION
4062-10
Passed by the Common Council of the City of South Bend, Indiana
October 25, 10
20
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 26,
Approved and signed by me
20 10 .
City Clerk
20 10
October 26,
RESOLUTION NO. ~ `~ ~°~'' ~ ~ ~
A RESOLUTION OF THE COMMON COUNCIL 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 CLAY TOWNSHIP
(STADIUM PLACE PHASE II 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 Clay Township, St. Joseph County, Indiana, which is more
particularly described at Section I of this Resolution; and
WHEREAS, the territory proposed to be annexed encompasses approximately 1.04 acres
of land containing single family structures, which property is at least 12.5% contiguous to the
current City limits, i.e., approximately 28.4% contiguous, generally located near the northwest
corner of Vaness and Willis Avenue (54703 & 54719 Willis Avenue). It is anticipated that the
annexation area will be developed for one, three-story, multi-family buildings with a total of 21
units. This development will require a basic level of municipal public services of anon-capital
improvement nature, including police and fire protection, 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, sidewalks, street lighting, a sanitary
sewer system, a water distribution system, and a storm water system and drainage plan; and
WHEREAS, the South Bend Common Council now desires to establish and adopt a fiscal
plan and establish a definite policy showing: (1) the cost estimates of services of anon-capital
nature, including police and fire protection, 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 anon-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 or other governmental entities whose jobs will be eliminated by
the proposed annexation.
WHEREAS, the Board of Public Works of the City of South Bend, and the Board of
Public Safety of the City of South Bend, have each approved a written fiscal plan and established
a policy for the provision of services to the territory proposed to be annexed, which plan and
policy the Common Council finds to be appropriate and in the best interest of the City, and,
which it desires to adopt.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
Section I. It is in the best interest of the City of South Bend and the area proposed to be
annexed that the following described real property located in Clay Township, St. Joseph County,
Indiana be annexed to the City of South Bend:
THAT PART OF THE SOUTHEAST QUARTER OF SECTION 31, TOWNSHIP 38 NORTH,
RANGE 3 EAST, CLAY TOWNSHIP, ST. JOSEPH COUNTY, INDIANA, WHICH IS
DESCRIBED AS: BEGINNING AT THE SOUTHWEST CORNER OF LOT # 27 IN THE
PLAT OF "VANESS PLAT" AS RECORDED IN PLAT BOOK # 11 ON PAGE # 13 IN THE
_ RECORDS OF THE ST. JOSEPH COUNTY, INDIANA RECORDER'S OFFICE; THENCE
NORTH A DISTANCE OF 140.00E FEET MORE OR LESS ALONG THE WEST LINE OF
SAID LOT 27 AND A PORTION OF LOT 28 IN SAID PLAT; THENCE EAST PARALLEL
WITH THE SOUTH LINE OF SAID LOT 28, A DISTANCE OF 356.00 FEET MORE OR
LESS TO THE EAST LINE OF WILLIS AVENUE; THENCE SOUTH ALONG SAID EAST
LINE A DISTANCE OF 14.70E FEET MORE OR LESS; THENCE WEST 60.00 FEET
MORE OR LESS TO THE WEST LINE OF WILLIS AVENUE; THENCE SOUTH ALONG
SAID WEST LINE 79.40 FEET MORE OR LESS; THENCE EAST 60.00 FEET MORE OR
LESS TO THE EAST LINE OF WILLIS AVENUE; THENCE SOUTH ALONG EAST LINE
OF WILLIS AVENUE A DISTANCE OF 50.47E FEET MORE OF LESS; THENCE WEST
356.00 FEET MORE OR LESS TO THE POINT OF BEGINNING.
CONTAINING 1.04 ACRES MORE OR LESS.
SUBJECT TO ALL LEGAL HIGHWAYS, EASEMENTS AND RESTRICTIONS OF RECORD.
Section II. It shall be and hereby is declared now and established that it is the policy of
the City of South Bend, to furnish to said territory services of anon-capital nature, such as police
and fire protection, 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, sidewalks, 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 III. That the South Bend Common Council, 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 fees for prior main line extensions due upon application for a tap permit and any
improvements in sewer or water capacity to be paid for by the developer; that street lighting and
parking will be installed at the developer's expense; and that a street drainage plan will be also be
planned, provided and paid for by the developer subject to compliance with state and local law.
Section IV. In consideration of pedestrian safety and proper vehicular movement, it is
required as a condition of rezoning and annexation that the developers give very careful
consideration to vehicular access and circulation as well as pedestrian movement for the
developments within the annexation area. In this regard, the annexation and rezoning is subject
to the following condition: the elimination of gates and other devices that restrict access to the
developments in order to create a gated community.
Furthermore, it is required that the annexation area integrate harmoniously with the
surrounding residential areas. It should also be required that neo-traditional building/site design
elements be included in terms of context, setback, orientation, spacing, style, massing, height,
entry, fenestration, materials, accessory buildings, landscape buffering and lighting that achieve
development and design of the highest possible quality per the South Bend zoning ordinance
standards. Failure to comply with all the conditions set forth in this Section IV may result in the
City's repeal of annexation.
Section V. This Resolution shall be effective from and of the date of adoption by the
Common Council and approval by the Mayor.
Member, South Bend Common Council
PF:ESEN7ED ~ ~'~ L~
NOT, APP~OVEG
~CDOPTED ~, ~ ~~$ ' ~~ ~
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O CT 1 3 2010
JOHN VOORDE
CITY CLE~;~, S0. DEP2D,1N.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
10-60 A RESOLUTION OF THE COMMON COUNCIL 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
CLAY TOWNSHIP, STADIUM PLACE PHASE II
ANNEXATION AREA
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
THE CITY OF SOUTH BEND
FISCAL PLAN
STADIUM PLACE PHASE II.ANNEXATION AREA
Stephen J. Luecke -Mayor
South Bend Ciro Council
Derek Dieter
Henry Davis Jr.
Tom LaFountain
rnn Puzzello
David Varner
Oliver Davis
r~l Kirsits
Timothy Rouse
Karen White
Prepared By:
Division of Communit}~ Development
227 W. Jefferson Blvd. Suite 1200 N
South Bend, IN 46601
Pamela C. Meyer, Director
Jeff Vitton, Planner
Exhibit "A"
September 2, 2010
P
0CT 1 3 2010
~~tara v~o~~c
cir. c~ ~~~, so. s~r~o, iu.
Stadium Place 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 and Land Use
F. Zoning & Subdivisions
G. Population
H. Tax Rate
I. Assessments
J. Municipal Legislative District
K. Hiring Plan
SECTION III. MUNICIPAL SERVICES .................................................... 5
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 .......... 9
SECTION V. FISCAL IMPACT .............................................................. 12
Fiscal Impact: TABLE 1 ........................................................... 13
SECTION VI. APPROVAL ....................................................................... 14
Tax Rate Information: TABLE 2 ....................................................... 15
Legal Description :.......................................................................... 16
Map: MAP 1 ..................................................................................... 17
Stadium Village Annexation Area 3
SECTION I. INTRODUCTION
A. General
This Fiscal Plan represents the City of South Bend's (hereinafter, "City") policy for the
annexation of property in Clay 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 and Economic Development
Department of Administration and Finance
Please note that this Fiscal Plan has been revised to reflect changes in the size of the
Annexation Area per the petitioner's request. 54739 Willis Avenue was removed from the
Annexation Area. It is anticipated that this property will be annexed at a later date for
inclusion into the overall Stadium Place development.
SECTION II. GENERAL DATA
A. Location
The Annexation Area is generally located near the northwest corner of Vaness and Willis
Avenue (54703 & 54719 Willis Avenue) See Map 1.
B. Legal Description
The Annexation Area is part of the Southeast Quarter of Section 31, Township 38 North,
Range 3 East, Clay 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 28.4%
Non-Contiguous 71.6%
Total 100%
D. Size of Annexation Area
The Annexation Area is 1.04 acres in area.
E. Buildings and Land Use
Stadium Village Annexation Area 4
The properties are currently single-family residential in the County.
F. Zoning & Subdivisions
Stadium Place Developers LLC are seeking annexation and rezoning to Planned Unit
Development ~~PUD" into the City for the purposes of receiving municipal services for the
development of 21 rental units in one three-story buildings. This is in addition to three
existing structures, with 90 rental units, in the City that are included in the PUD rezoning.
G. Population
Per developer plans, it is anticipated that a minimum of 42 residents will reside in the
Annexation Area.
H. Tax Rate
Per HEA 1001 the tax rates caps for different classifications of property are as follows
regardless of being within South Bend or unincorporated St. Joseph County:
Pro ert T e
2009 After
2009
Homestead 1.5% 1.0%
Non-Homestead
Residential
2.5%
2.0%
A ricultural 2.5% 2.0%
Other commercial 3.5% 3.0%
I. Assessments
2009 payable 2010, St. Joseph County Auditor property tax records:
Land and Improvements
Net: $206,900
J. Municipal Legislative District
The Annexation Area will be in the 4th District.
K. Hiring Plan
It is anticipated that this annexation will not result in the elimination of jobs for employees of
any other governmental entities. The Clay Township Trustee has been notified of this
Annexation.
Stadiun2 Village Annexation Area S
SECTION III. MUNICIPAL SERVICES
A. Public Works
Sewer - A ten inch diameter public sanitary sewer was installed in Vaness Street during the
construction of the Stadium Village development. Four 6 inch diameter sewer taps were
included in that work. The Phase II development will use these taps to connect to the existing
sanitary sewer. Revenue from customers on this sewer will be sufficient to operate and
maintain the facility without burden to other ratepayers.
Water -The South Bend Water Works currently has a 6" main on the west side of Willis
Avenue that will provide sufficient capacity for the annexation area
Extensions of, or taps into sanitary sewer and water lines shall be governed by I.C. 36-9-22-
2, I.C. 8-1.5-3 and 4, and the rules and regulations of the South Bend Water Works and
Sewer Utility.
Street Lighting -The developer of this property will be required to install a street lighting
system. Additional revenue to the General Fund from this annexation area will be sufficient to
pay for street light operations.
Waivers of Annexation - No waivers of annexation are in effect for the Annexation Area.
Streets - No new public streets have been proposed for this development. Approximately 270
feet of Willis Avenue will be annexed. Thus, 400 feet of the street will be within the City.
Maintenance of this street segment will be included in the working agreement between South
Bend and Saint Joseph County to share routine maintenance activity on boundary areas.
Drainage P/an -Drainage facilities will be required to be constructed by the developer and
meet the latest City of South Bend standards.
General Budget Analysis
2008 Actual Budget Report for the Department:
Expenditures: $6,303,240
Miles of Roadway in City: @480
Cost per Mile: @$13,131.75
New Mileage within Area: @.007miles (feet)
Estimated Maintenance cost
for Annexation Area per year: @$92
B. Police Department
The Annexation Area would be expected to be added to the already existing BEAT 11. 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 to 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
Stadium Village Annexation Area 6
the already existing beat patrol at this time. The area under consideration is not expected to
cause any unusual problems.
At the present time the cost for servicing the proposed area is not expected to impact the
existing budget of the Police Department with any significance. 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
possibly shifting of existing resources, such as a beat restructure.
Police services and response time in this area can be expected to be comparable and
consistent with that as in all other areas of the City. Police coverage to this area could begin
immediately upon annexation and coordination of the conversion of the 911 emergency phone
system for that area.
Note: The cost of service for this Annexation Area is based on the number of parcels.
Household information is provided for comparative purposes.
2008 Actual Budget Report for the Department:
Expenditures: $27,354,426
Number of Households in City (2000): @42,908
Cost per Household: @637.51
Number of Parcels in City (2008): @48,685
Cost per Parcel: @$562
Proposed Number of Households in Area: 21
Number of new Parcels: 2
Cost for Annexation Area per year: $1,124 (2 parcels x $562 cost /parcel)
C. Fire Department
Fire Response -The City provides a fully staffed, full time fire department housed in 12 fire
stations strategically located throughout the city. The Annexation Area will be serviced
primarily by Station #3, located at 1805 McKinley Avenue, approximately 1.9 miles away.
Additional Fire Department units would respond from Fire Station #2 located at 430 Dr.
Martin Luther King Drive which is approximately 2.9 miles away and Fire Station # at 2520
Mishawaka Ave., which is approximately 3.00 miles away and Fire Station #1 at 1222 S.
Michigan which is approximately 3.7 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. Adequate water supply will be necessary as development takes place.
Emergency Medical Response -The City, under contract with St. Joseph County, provides
emergency medical response to the unincorporated areas of St. Joseph County. Of the seven
ambulances currently in service, 3 are dedicated for response to the unincorporated areas.
These are Medic Units #10, 11, and 12. The Annexation Area is currently being serviced by
Medic #11, located at Fire Station #11 at 3505 N. Bendix. Upon incorporation, the Annexation
Area will be serviced by Medic #3, located at Fire Station #2, 430 Dr. Martin Luther King
Drive, which is approximately 2.6 miles away and Medic #2, located at Fire Station #1, 1222
S. Michigan St.
Stadium Village Annexation Area 7
Emergency medical response will continue to be provided by the City of South Bend.
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.
Note: The cost of service for this Annexation Area is based on the number of parcels.
Household information is provided for comparative purposes.
2008 Actual Budget Report for the Department:
Expenditures:
Number of Households in City (2000):
Cost per Household:
Number of Parcels in City (2008):
Cost per Parcel:
Proposed Number of Households in Area
Number of new Parcels:
Cost for Annexation Area per year:
Fire Deoartment EMS Fund Fire Pension Fund
$21,819,894 $1,013,542 $5,688,519
@42,908
@$509 @$24 @$33
@48,685
@$448 @$21 @$117
21
2
$896 $42 $234
Total Per Year Cost: $1,172
D. Code Enforcement
The Annexation Area will be added to Area 4.
2008 Actual Budget Report for the Department:
Expenditures: $2,294,102
Number of Parcels in City (2008): @48,685
Cost per Parcel: @$47
Proposed Number of Parcels in Area: 2
Cost for Annexation Area per year: $94
E. Environmental Services
Wastewater Treatment - Wastewater treatment services are supported by user fees, and are
paid through the Water Works billing system.
Solid Waste -Industrial, commercial and apartment customers are not served by the Bureau
of Solid Waste. The annexation will contain multi-family residential units. These uses will have
centralized waste collection locations. A licensed private waste hauler will be required to serve
these developments. As single-family, duplex units are constructed, The Division of
Environmental Services could service them at the rates noted below.
For reference purposes, the following Bureau of Solid Waste rates apply for residential
customers effective September 1, 2008:
Single family rate: $10.56 per month
Senior rate: $ 6.34 per month
Duplex rate: $16.56 per month
Stadium Village Annexation Area 8
Tri-plex: $22.56 per month
Quad: $23.80 per month
Recycling fee: $1.97 per month
F. Administrative Services
The City of South Bend provides a wide range of services other than those noted above, such
as the Mayors office, the Legal Department, and the Parks & Recreation.
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 effect the provision of other services
currently provided to this property on a county-wide 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 some of the county-wide agencies and
their services that will continue to provide the same type and level of services to the
Annexation Area.
County-wide services will continue to be supported by the County and Township tax rates that
will remain in effect.
Stadium Village Annexation Area 9
SECTION IV. LAND USE ANALYSIS & DEVELOPMENT CRITERIA
As with any new development, the proposed use and development of this site becomes
important relative to its relationship with the existing, surrounding uses. City P/an, South
Bend's comprehensive plan, notes that Land use relationships, pedestrian movement/safety
and vehicular site access are important elements to be addressed in developments of all
kinds. City P/an also expresses a need to consider how buildings relate to the street. Building
design that is sensitive to massing, shape, scale and finishes will ensure that private
development will enhance and reinforce the City's commitment to development and design of
the highest quality.
Land Use-Transportation Analysis
Just to the north is the site of the large scale condo development of Irish Crossings in
unincorporated St. Joseph County. Properties to the south, east, and west of the Annexation
Area also feature recently developed medium to high density condo and rental units. The busy
State Road 23 commercial corridor is just east of the Annexation Area.
The plans that have been unveiled represent one distinctively designed 3-story building
totaling 21 units, which will complement the existing three building with 90 units at Stadium
Place. The buildings set-backs and massing are appropriate for the area, and enclose an
interior parking area from view.
Due to the close proximity of the University of Notre Dame, it is anticipated that additional
requests to build medium density residential and limited mixed-use development will occur in
areas north of the annexation area. The City Plan Land Use Map notes that the area between
Willis and Ivy Road should be used for medium density residential development. Given the
surrounding zoning and development patterns, the proposed °PUD" zoning classification
request is appropriate for the annexation area. However, more detailed land use planning is
needed for areas to the north of Vaness Street to ensure that future development occurs in an
appropriate fashion.
Development Criteria
If possible, the site should include open space that could be linked in the future to other areas
nearby as part of a larger open space network. It should also be required that neo-traditional
building/site design elements be included in terms of context, setback, orientation, spacing,
style, massing, height, entry, fenestration, materials, accessory buildings, landscape buffering
and lighting that achieve development and design of the highest possible quality. It is
required that the annexation area integrate harmoniously with the surrounding residential
areas.
The building materials, set-backs and other site elements and amenities for the proposed
developments within the annexation area appear to honor neo-traditional design
fundamentals.
In consideration of pedestrian safety and proper vehicular movement, it is required as a
condition of rezoning and annexation that the developers give very careful consideration to
vehicular access and circulation as well as pedestrian movement for the developments within
the annexation area. In this regard the annexation and rezoning is subject to the following
conditions: 1) the elimination of gates and other devices that restrict access to the
developments in order to create a gated community.
Stadium Village Annexation Area 10
Building plans and other information to satisfy these requirements must be submitted by the
developer to the City as part of the development review process. Failure to comply with all the
conditions may result in the City's repeal of annexation.
Stadium Village Annexation Area _ ~ 11
SECTION V. FISCAL IMPACT
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 parcels must be made
in accordance with the standards of the City of South Bend.
4) Required improvements made by the City will be completed within the time frames provide
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: 2007
payable 2008 tax rates, taxes paid in previous years by a comparable development, estimates
of units built, estimates of unit values and land assessments, and tax abatements or
adjustments, if any. Property tax revenues based upon full implementation of HEA 1001.
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 will not be required or possibly requested for
many years. Hence, the cost of providing services over the first five should be evaluated with
this in mind.
Stadium Village Annexation Area 12
TABLE 1
Summary Table s Estimated Fiscal Impact
Expenditures Capital (est.) Non -Capital 5-Year
Per Year (est.)
Sewer Extension $0.00 To be
installed by $0.00
developer
Water Extension $0.00 To be
installed by $0.00
developer
To be
Street Lights $0.00 installed by $0.00
developer
Police $0.00 $1,124 $5,620
Fire &EMS $0.00 $1,172 $5,860
Code $0.00 $94 $470
Street Maintenance 0.00 $92 $460
Street Construction $0.00 To be
installed by
$0.00
developer
Approximate 5-Year Cost $12,410.00
Revenues Tax Year @
Property Taxes unincorporated
(est)
(year 1; 2011) 06/09 $42,000
(year 2; 2012) 07/10 $84,000
(year 3; 2013) 08/11 $126,000
(year 4; 2014) 10/12 $168,000
(year 5; 2015) 11/13 $210,000
Note: All Revenues estimated &
cumulative
MVH/LRSA estimated from revenue/mile
X 5 years
$429
@$11,340
Total $210,429
A. Revenue estimate based on $100,000 average per unit assessed value for 21 rental units,
taxed at two percent of assessed value.
Stadium Village Annexation Area 13
B. Total estimated assessed value: $2,100,000 (21 x $100,000.00)
C. Total estimated per year tax revenue: $42,000 ($2,100,000 x 0.02)
Stadium Village Annexation Area 14
SECTION VI. APPROVAL
Approved by the City of South Bend Common Council this day of
2010.
OCT 1 3 2010
JG'riJ VGvnCE
CITY C[.Erli;, ~G. ~ai~D, !N.
Stadium Village Annexation Area 1 S
LEGAL DESCRIPTION
THAT PART OF THE SOUTHEAST QUARTER OF SECTION 31, TOWNSHIP 38 NORTH,
RANGE 3 EAST, CLAY TOWNSHIP, ST. JOSEPH COUNTY, INDIANA, WHICH IS DESCRIBED
AS: BEGINNING AT THE SOUTHWEST CORNER OF LOT # 27 IN THE PLAT OF "VANESS
PLAT" AS RECORDED IN PLAT BOOK # 11 ON PAGE # 13 IN THE RECORDS OF THE ST.
JOSEPH COUNTY, INDIANA RECORDER'S OFFICE; THENCE NORTH A DISTANCE OF
140.00 FEET MORE OR LESS ALONG THE WEST LINE OF SAID LOT 27 AND A PORTION
OF LOT 28 IN SAID PLAT; THENCE EAST PARALLEL WITH THE SOUTH LINE OF SAID LOT
28, A DISTANCE OF 356.00 FEET MORE OR LESS TO THE EAST LINE OF WILLIS AVENUE;
THENCE SOUTH ALONG SAID EAST LINE A DISTANCE OF 14.70 FEET MORE OR LESS;
THENCE WEST 60.00E FEET MORE OR LESS TO THE WEST LINE OF WILLIS AVENUE;
THENCE SOUTH ALONG SAID WEST LINE 79.40E FEET MORE OR LESS; THENCE EAST
60.00 FEET MORE OR LESS TO THE EAST LINE OF WILLIS AVENUE; THENCE SOUTH
ALONG EAST LINE OF WILLIS AVENUE A DISTANCE OF 50.47 FEET MORE OF LESS;
THENCE WEST 356.00E FEET MORE OR LESS TO THE POINT OF BEGINNING.
CONTAINING 1.04 ACRES MORE OR LESS.
SUBJECT TO ALL LEGAL HIGHWAYS, EASEMENTS AND RESTRICTIONS OF RECORD.
Stadium Village Annexation A~•ea 16
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Land Surveyors Professional Engineers
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