HomeMy WebLinkAboutNo. 2730 approving an application for real property tax deduction (902 N. St. Peter St.)•
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RESOLUTION NO. 2730
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(1) provides that an application for property tax deduction
may not be approved when the property is located in an allocation area as defined in I.C.
36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area adopts
a resolution approving that application; and
WHEREAS, the South Bend Common Council has received a petition for (5) five years of
real property tax abatement consideration from Patrick Perrella for real property located at 902
N. St. Peter Street in the Northeast Neighborhood Development Area, the development area
location and legal description of which are attached hereto, marked Exhibit "A" and incorporated
herein; and
WHEREAS, this Commission declared the Northeast Neighborhood Development Area
by Resolution No. 2016, adopted November 17, 2003, and in the same resolution declared the
Northeast Neighborhood Development Area Allocation Area; and
WHEREAS, the property located at 902 N. St. Peter Street is located within the Northeast
Neighborhood Development Area Allocation Area;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from Patrick Perrella for (5) five years of
real property tax abatement consideration for property located at 902 N. St. Peter Street in the
Northeast Neighborhood Development Area Allocation Area should be and is hereby approved.
2) That a copy of this resolution be forwarded to the South Bend Common Council to
indicate the Commission's approval of the petition for real property tax abatement for Patrick
Perrella.
Approved this 23" day of July, 2010, at the regular meeting of the South Bend
Redevelopment Commission.
ATTEST:
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, Pr id t
f
Nancy N. King, cretary
EXHIBIT A
LEGAL DESCRIPTION
Address: 902 N. St. Peter Street
Legal Description:
That part of the Northeast Quarter of Section 1, Township 37 North, Range 2 East, Portage
Township, City of South Bend, St. Joseph County, Indiana which is described as:
Lot #130A of the Plat of "Sorin's Second Addition Fifth Replat" Subdivision recorded by
Document No. 0809811 in the Records of the St. Joseph County, Indiana Recorder's Office
Containing 0.38 acres more or less. Subject to all legal highways, easements & restrictions of
record.
Tax Key Number: 18 -5107 -3786
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TAX ABATEMENT REPORT
TO: SOUTH BEND REDEVELOPMENT COMMISSION
FROM: BOB MATHIA
SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR:
PERRELLA, PATRICK.
DATE: July 15, 2010
On July 14, 2010, a petition for residential tax abatement consideration for real property located at 902 N.
St. Peter Street was filed with the City Clerk by Patrick Perrella. 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
Patrick Perrella intends to construct an approximate 3,350 square foot, single- family home as his primary
residence. The home will be two stories. It will have four bedrooms, four bathrooms, two half bathrooms, a
front porch, a finished basement and a two -car garage. The project is part of the Notre Dame Avenue
Housing Program and as such will follow the design specifications and standards required by that program.
The cost of the home will be approximately $630,000. Total taxes to be abated during the (5) five -year
abatement period are estimated at $1,893. Total taxes to be paid during the (5) five -year abatement period
are estimated at $33,531.
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South Bend Redevelopment Commission
RE: Perrella, Patrick.
July 15, 2010
Page 2
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted finds that the petitioner has not been associated with
or been granted any previous tax abatements.
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 located in the
Northeast Neighborhood Development Area, which is a Tax Incremental Allocation Area; therefore,
approval of the tax abatement petition by the South Bend Redevelopment Commission is required. In
addition, it must be noted that the property is not located within the Northeast Neighborhood's
residential TIF area.
104. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the
qualifications for a (5) five -year residential tax abatement under Section 2 -77.1, Single Family
Residential Construction.
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