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HomeMy WebLinkAbout6C (1)RESOLUTION NO. 9 4 Z Z 6 C 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 John and Jennifer Sejdinaj for real property located at 1122 Notre Dame Avenue 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 1122 Notre Dame Avenue 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 John and Jennifer Sejdinaj for (5) five years of real property tax abatement consideration for property located at 1122 Notre Dame Avenue 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 John and Jennifer Sejdinaj. Approved this 12th day of July, 2011, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST: EXHIBIT A LEGAL DESCRIPTION Address: 1122 Notre Dame Avenue Legal Description: Real estate in St Joseph County, in the State of Indiana described as Lot lettered B in E & M Goerner Replat as per plat thereof recorded May 19, 1988 as Instrument 8812958 in the Office of the Recorder of Saint Joseph County, Indiana. Tax Key Number: 18 -5105 -3666 1200 COUNTY -CITY BUILDING 227 W JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PHONE 574/235 -9371 FAX 574/235 -9021 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY & ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND REDEVELOPMENT COMMISSION FROM: KATHY HAHN SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: Sejdinaj, John and Jennifer DATE: July 6, 2011 On July 3, 2011, a petition for residential tax abatement consideration for real property located at 1122 Notre Dame Avenue was filed with the City Clerk by Dale DeVon, Agent for John and Jennifer Sejdinaj. 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 Dale DeVon intends to construct an approximate 3,000 square foot, single- family home for John and Jennifer Sejdinaj. The home will have four bedrooms with 3 '/2 bathrooms along with a partially finished basement, a two -car garage, and a screened in porch. 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 $600,000. Total taxes to be abated during the (5) five -year abatement period are estimated at $1,893,34. Total taxes to be am id during the (5) five -year abatement period are estimated at $31,837.55. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235 -9660 574/235 -9371 ELIZABETH LEONARD FAX: 574/235 -9469 574/235 -9371 South Bend Redevelopment Commission RE: Sejdinaj, John and Jennifer July 6, 2011 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. 4. 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.