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HomeMy WebLinkAbout24-16 Declaratory Resolution Real Property Tax Abatement 728 Harrison Avenue - Cross Community, Inc ti Filed in Clerk's Office W � CITY OF SOUTH BENS MAY o s 20211 PEACE • . _' COMMUNITY INVESTMENT BiancaTirado M y�R .' tKb. ,. ' City Clerk, South Bend, IN May 8, 2024 Council Member Troy Warner Chairperson, Community Investment Committee South Bend Common Council 4m Floor, County City Building South Bend, Indiana 46601 RE: Declaratory Resolution: Residential Real Property Tax Abatement Petition for Cross Community, Inc. Dear Council Member Warner: Please find the enclosed information pertaining to a residential real property tax abatement petition submitted by Cross Community, Inc., an Indiana Nonprofit Corporation. This petition package includes: • Department of Community Investment's summary report • Petition for abatement • Statement of Benefits form (SB-1 / Real Property) • Supporting information The report contains the Department's findings relative to the above-mentioned petition. The petitioner plans to build one new house on a vacant lot on Harrison Avenue, just north of Lincoln Way West, with an estimated construction cost of$270,000. The project meets the requirements established by Sections 2-77, et seq. and would qualify for a five-year (5) residential real property tax abatement. Representatives from Cross Community, Inc., will be available to meet with the Committee on Monday, May 13, 2024. If you or any of the other Council members have questions concerning the report or need additional information, please feel free to call me at (574) 235-5836. Sincerely, I ! . • • Mark Bemenderfer Manager, Business Development EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 14005 County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov Filed in Clerk's Office MAY 0 8 2024 BILL NO. 24-16 Bianca Tirado RESOLUTION NO. City Clerk, South Bend, IN A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 728 Harrison Avenue, South Bend, Indiana 46616 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-YEAR (5) REAL PROPERTY TAX ABATEMENT FOR CROSS COMMUNITY, INC WHEREAS, a petition for real property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area described as: Key Number: 71-08-02-407-012.000-026 Local Parcel Number: 018-1070-2981 Commonly Known As: 728 Harrison Avenue Legal Description: Lot 1 Kingdom Campus Minor Sub 23/24 NP#1221 6/27/2022 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1- 12.1 et seq. and South Bend Municipal Code Sections 2-76 et seq.; and WHEREAS,petitioner has agreed to and has accepted responsibility to report any changes in the Key Numbers and legal descriptions to the Department of Community Investment and to the Office of the City Clerk; and WHEREAS,the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1 et seq. and South Bend Municipal Code Sections 2-76 et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS,the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. 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 completed by the Petitioner meet the requirements of Indiana Code 6-1.1-12.1 et seq. for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development; B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed described redevelopment or rehabilitation; D. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed redevelopment or rehabilitation; E. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and F. 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. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits, Sections 1 through 3 of the Petition for Real Property Tax Abatement Consideration and the Memorandum of Agreement between the Petitioner and the City of South Bend, and that the Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, is sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Community Investment Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating the area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall expire on December 31, 2026. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years as shown by the schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 100% Year 3 - 80% Year 4 - 80% Year 5 - 60% SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Sharon McBride, Council President South Bend Common Council Attest: Bianca Tirado, City Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana, on the day of _ , 2024, at o'clock .m. Bianca Tirado, City Clerk Office of the City Clerk Approved and signed by me on the day of , 2024, at o'clock .m. James Mueller, Mayor City of South Bend TAX ABATEMENT REPORT Filed in Clerk's Office MAY 0 8 2024 TO: South Bend Common Council Bianca Tirade FROM: Mark Bemenderfer, Manager, Business Development City Clerk, South Bend, IN SUBJECT: Residential Real Property Tax Abatement Petition for the Cross Community, Inc DATE: May 8, 2024 On May 8, 2024, a tax abatement petition for Cross Community, Inc was filed with the Office of the City Clerk. The petition seeks consideration for a residential development real property tax abatement for the completion of one new 2-story home that will range from —1.4k-1.6k sqft. This new house will be sold to first time homebuyers who have participated in financial/credit building workshops. Pursuant to Chapter 2, Article 6, Section 2-84.9 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to Indiana Code § 6 1.1-12.1 and all zoning requirements have been met. The Department of Community Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. Project Summary • The petitioner, Cross Community, Inc, plans to build one new single-family house at 728 Harrison Ave. This new house will range from --1.4k-1.6k sqft, and will feature 3 bedrooms, 2 bathrooms, and a garage. • The intended occupants will be first time homebuyers who have participated in financial/credit building workshops. • The petitioner is investing a total of$270,000 to develop this new house. • This house will be built in an empty lot where the former house had been torn down. The lot has become abandoned, vacant and blighted. Tax Estimates The petitioner qualifies for a five-year(5) residential real property tax abatement. • Current taxes for 2023 Pay 2024: $145.50 • Total estimated taxes during the five-year (5) abatement period: $13,253 • Estimated taxes being abated during the abatement period: $7,633 • Estimated total taxes to be paid during the abatement period: $5,620 Employment Impact There are no employees of Cross Community, Inc. • For the development of the house, Cross Community, Inc intends to employ local companies, require employees vs independent contractors, and require a prevailing wage, health benefits and an affirmative action plan. Abatement Qualification 1. A review of the tax abatements previously granted, finds that the petitioner has been granted or is associated with any prior abatements: a. Resolution 5015-23: Five-year(5) real property tax abatements for small residential developments at 724 & 726 Harrison Ave. 2. The property is properly zoned for the proposed project. 3. Taxes on the property have been paid in full. 4. A review of the South Bend Redevelopment designation areas finds that the property is located in the River West Tax Incremental Financing (TIF) area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a five-year (5) residential real property tax abatement under section 2-77.1, Single Family Residential Construction. Filed in Clerk's Office MAY 0 8 2024 Bianca Tirade City Clerk, South Build, IN 2 5-Year Abatement May 2,2024 Cross Community Inc. South Bend Portage Township Residential Real Property Tax Abatement Schedule* Type of Dwelling: Single-Family Home Estimated Project Cost: $ 270,000 New Construction Property Address: 728 Harrison Avenue Tax Key Number: 71-08-02-407-012.000-026 Current Without (1 Property) Abatement Year 1 Year 2 Year 3 Year 4 Year 5 Assessed Value(AV) Land $ 4,300 $ 4,300 $ 4,300 $ 4,300 $ 4,300 $ 4,300 $ 4,300 Structure(80%AV of Project Cost) - 216,000 216,000 216,000 216,000 216,000 216,000 Gross Assessed Value 4,300 220,300 220,300 220,300 220,300 220,300 220,300 Abatement 100% 100% 80% 80% 60% Abatement Deduction - (107,695) (107,695) (86,156) (86,156) (64,617) Homestead Deduction** - (48,000) (48,000) (48,000) (48,000) (48,000) (48,000) Mortgage Deduction** - - - - - - - Supplemental Homestead Deduction - (60,305) (60,305) (60,305) (60,305) (60,305) (60,305) Net Assessed Value 4,300 111,995 4,300 4,300 25,839 25,839 47,378 Property Taxes Assume constant tax rate of 5.3548% Gross Tax(Tax Rate x Net AV) 230 5,997 230 230 1,384 1,384 2,537 Circuit Breaker&Other Credits (84) (3.346) - - - - (145) Taxes Due $ 146 S 2,651 $ 230 $ 230 $ 1,384 $ 1,384 $ 2,392 3% 1% 1% 1% 1% 1% 1% Circuit Breaker Cap 129 2,203 2,203 2,203 2,203 2,203 2,203 Debt Service(0.3997%of Net AV) 17 448 17 17 103 103 189 Max Tax Under the Cap 146 2,651 2,220 2,220 2,306 2,306 2,392 Current Taxes New Combined Net Taxes -• Year Abatement Due Projected Tax Newrent Taxes Taxes Abated Paid CD 1 100% $ 146 $ 2,504 $ 2,651 $ (2,420) $ 230 a 2 100% 146 2,504 2,651 (2,420) 230 -T m _ 3 80% 146 2,504 2,651 (1,267) 1,384 () O n 4 80% 146 2,504 2,651 (1,267) 1,384 c' Co (ID 5 60% 146 2,504 2,651 (258) 2,392 N Total: 731 12,522 13,253 (7,633) 5,620 CO a ,_ p rya C!) `This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2023 Payable 2024. , T Department of Community Investment C The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. City of South Bend --Changes to homestead and mortgage deductions took affect for tax year 2023. z C) CO City of South Bend Instructions:Complete pages 1-3 i f*to AND the proper Form SB-1 for + a Petition for Incentives the type ofabatement(real property or personal property) 4 .1u Petition must include a$250 filing fee payable to the for which you are applying. �' "City of South Bend"before processing can be complete General Information Project Name Project Number Legal name as registered with Secretary of State Cross Community, Inc Business structure CDC-Domestic Nonprofit Corporation Company website https./Imycrosscommunity.org Proposed Project Information Proposed project address 1728 Harrison Ave Pa rent company name City,state,Bp South Bend, IN 46616 Legal owner Cross Community, Inc Site acreage or acreage required 0.12 12 Is the real estate owned Owned or leased? Square feet of facility n/a if leased,by whom? Primary Contact Information Primary company Contact name Tina Patton Tide President Address of company contact 707 Sherman Ave Phone 574-876-2106 City,State,➢p South Bend, IN 46616 Email Senior Official Information Company senior official name Title Same as above Address of company contact Phone (If different from above) City,State,Zip Email Consultant Information/Agent Hired business consultant/agent name Consultant release?(Y/N) Address Local economic development partners approval?(Y/N) City.State.Zap Email Project Overview Brief description of your company,project,and why the We will build one (1) new home that will be between 1390-1620 sq ft property Ls necessary for with 3 bedrooms, 2 bathrooms, with a garage. economic growth Certified Technology Part appropriate VA lithe project in a Tax incremental Financing River West UM)area?Hsi,which? Have Building Permits been issued?(Y/N) Number of residential unitscrented by , (Note Nat eligible for abatement HYc) N PfO)c _ .._ If this is a petition for personal property taw abatement,has �.A the equipment been installed? Investment Details Public btfrastructrue needs Has any 504 funding been What is the value at wry equipment being purchased In What Is the value of any equipment being (Off-site of project in dollars) received? Indiana for the project? purchased from out at state for the protect? I Filed in Clerk Office MAY 0 8 2024 Bianca Tir;icj , City Clerk, South Caul Id, IN New Project Investments Calendar Year 2023 2024 2025 2026 2027 2028 2029 2030 Land Acquisition Building Lease Payments Building Purchase Costs New Building Construction i 270.000.0C Existing Building Improvements New Machinery&Equipment Special Tooling/Retooling New Furniture/Flxturrs New Computer/IT Hardware New Software On-site Rail Infrastructure On-site Fiber Infrastructure TOTAL $0.00 s 270.000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00' Full-Time Permanent Indiana-Resident Positions by Calendar Year Calendar Year lobs retained Hourly Cumulative A of net NEW full time Hourly average wage,w/o Total training Total IS to be PIVerer permanent Jobs created at project benefits or bonuses,of expenditure- trained J.not wage,win benefits or cumulative net new Jobs not cumulative bonuses cumulative 2024 2025 2026 2027 2026 2029 2030 2031 2032 2033 2034 2035 Provide hourly wage Information for new employees in the following positions. Full time Part time Laborers Technical Managerial Administrative Who will be the individual responsible for coordinating with WorkOne on recruiting? Does your company have an EEO hiring policy? Are you an EEO employer? Please list the number of full time and part time minority and/or female Please describe your commitrnent to employees for the following years. diversity and inclusion by detailing your outreach and recruitment efforts for the last Year _.. - = three years as well as anent policies Full Time Part Time Full Time Part Time Full Time Part Time Black Hispanic Asian Indian Female Other Filed in Clerk's Office MAY 0 8 201/ Bianca Tirlcic, City Clerk, South Bt,nl1, IN Filed in Clerk's Office 9AY U 8 4 Bianca Tircf<2U?,iJ City Clerk, Sou fi Cit:nt.f, iN Complete the table below for Real Property Tax Abatement only. ***Sign at the bottom for all requested incentives(real AND personal property)."** Public Benefit Item: Information is required on both the construction companies and the companies which will provide materials purchased for this project. Please complete the table below with the appropriate information. If Qualify Earned Points Available Points (Yes or No) you qualify for the points,please enter the full amount of available points. 1 Construction Related(Contractors): A. Employ Local Companies(75%) Y 20 20 B. Purchase Materials from Local Companies(75%) Y 20 20 C. Require Employees vs.Independent Contractors Y 19 19 D. Require Prevailing Wage Y 22 22 E. Require Health Benefits Y 22 22 F. Require Retirement Benefits N 0 18 G. Maintain Affirmative Action Plan v20 20 Sub-total Construction Related: '23 111 2 Wage&Benefit Related(Owner)_ A. Pay Target Wage Levels ^. 33 B. Provide Health Benefits N 34 C. Provide Retirement Benefits N 29 D- Provide Training N 28 E. Provide Child Care N F. Provide Transportation Assistance N 1 G. Provide Employer Assisted Housing program N Sub-total Wage&Benefit Related: — 3 Workforce Related: A. Create New Jobs N 42 B. Retain Existing Jobs N 41 C. Maintain Affirmative Action Plan N 35 D. Provide Targeted Hiring Preference N 34 Sub-total Workforce Related: 152 4 Support a Municipal Facility: Support a 58 Municipal Facility(donations to the A. zoo,conservatory,museum,etc.) n 84 Name of Facility I ISub-total Municipal Facility: 34 Sub-total from Above: ;23 The undersigned owner(s)of real property,located within the City of South Bend,herby petition the Common Council of the City of South Bend for a real and/or personal property tax abatement consideration and pursuant to I.C.,6-1.1-12.1-1,et seq.,and South Bend Municipalunic Cod ec.276 et seq.,for this petition state the above. Submitted By: _ V./GtJ/4/. � ' Wes_ Date: _ ..)�`j/,n2X NI 'lilln0 InnoS ' 1.1a13 Alin lrt11;11! I-!;llIE118 eOf110 S,N1aa10 ul pally 0001 :s3ulod iyauag�II4nd 1e301 I9t' :uopas ye3S way lelol 6ES 0 :uol3las 3ue4llddy 041444 Ie3o1 I£I :paletaa arnpnASegiut lelo3- ns Z S 1s00 uolsualx340%00I-9L 103 Aed 0 6E Isop uolsualx340%SL-IS Jo;Aed -] gZ iso0 uolsua3x9;0%OS-9Z so;Aed 8 Sulpe.tSdil to Surzislano Jo;Aed -y :aml�nl3sel;ul ledlplunyy.Ia;Aed L apafwd azns ladns Ie3ozVns ZS lan0 pue%OOt '0 59 %66£01%00E 3 89 %66Z 01%00Z "8 SZ %66T 01%00I "V :(angelnwn)aJe semen 3ulod)spafojd ells dadns 9 OZT. :p03ela8 pafo1d 1e1o3-0nS ueld e;0 3uawal3 IeaisAyd e analtpV 7 y Jeasa8 Allsianlun le3o1 uo pase8 dolana0 .8 spaaN leioadS sey leyl al's a dolanapa8 "V :pa3e}ay ya w :wail lyauag)pgnd slwod s3wod INJOA( -anoge woa;1e9o3 03 ppe pue uopeuuo;ul k 1ewwn5 3gaua8)tlgnd&nmopo;all 3410 pg aseald ZO t'L$ 6T02 Aed/EMU..eaA xel 00 Z9$ 0Z0Z Aed/6T0Z 1eaA xel 00 O$ TZOZ Aed/0Z0Z»A xel 00 0$ Z707 Aed/TM?leaA xel 09'S l L$ £Z0Z Aed/no?JeaA xcl age-indde uaym s.lcaA any s e1 all 10;pled :saxes AyadoAd leuosJad :saxes Auadoid lead saxes Al3adoJd leuosJad pue lea., o lunowe all Tip aseald .uogeaol all;0 Map.hails pue dew a180o9 a speUe aseald ZaPoD S)VN ufip xts all SI 3elM 9Z0-0007 l0-LOb-Z0-80-l L Zyalo.d spa 104(spagwnu Aal eel all s!eeUM A3 5dold leuosiad 00C OZZ$ :Auado,d lead i.anlee passasse payalwd all sl;elm :A.uadoid leuosmd PJe-1-00C1'S• :Airado�d lead canlee passasse lua»m all sl leyM auq slyl mope AIuo asn}gels Joj f FSpvi�:a1, �°. ;5 Department of 1:0 , Community Investment RESIDENTIAL TAX ABATEMENT (PETITION ADDENDUM) The undersigned owner(s) of real property, located within 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. 6-1.1-12.1-1 et seq. and South Bend Municipal Code Sec. 2-76 et seq., for this petition, state the following: Legal Name of Petitioner (same as top of page 1 of petition) Cross Community Inc. Project Title Project Address 728 Harrison Ave Project City, State, ZIP South Bend, IN 46616 Describe the proposed construction We will build one (1) new home that will be between project. Include information about 1390-1620 sq ft with 3 bedrooms, 2 bathrooms, with a square footage, number of rooms, garage. number of stories, other amenities such as finished basements and garages, the amount of land to be used, and the proposed use of the improvements. Also provide a general statement as to the importance of the project(use an additional sheet for long project descriptions if necessary). Estimate the dollar value of the construction project $ 270,000.00 (do not include land cost). Filed in Clerk's Office MAY 0 8 2024 1 Bianca Tirado City Clerk, South Bond. IN RESIDENTIAL TAX ABATEMENT (PETITION ADDENDUM) For the real property or properties for which tax abatement consideration is petitioned, provide the information below on the individual(s) or corporation(s)who own or will own the properties. If the business organization is publicly held, also indicate the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission. Also, describe the owner's interest in the property. List out each residential property which could receive an abatement. If you need additional rows, then make additional copies of this page or attach a similar document to this petition addendum. Address Current Owner(s) Future Owner(s) Owner's Interest 728 Harrison Cross Community Inc. Fled in CIc►k's 011/7(-, 2 B iancar' (j City Clerk, SoutTih O( HU, It: RESIDENTIAL TAX ABATEMENT (PETITION ADDENDUM) Provide the commonly known addresses and tax key number of the property or properties. Also provide the current assessed value(s). List out each residential property as you did on the previous page. If you need additional rows, then make additional copies of this page or attach a similar document to this petition addendum. Current Assessed Estimated Market Address Tax Key Number Value Value After Project Completion 728 Harrison 71-08-02-407-012.000-026 $ 4,300.00 $ 216,000.00 List the real property taxes paid at the location(s)during the previous two calendar years, whether paid by the current owner or a previous owner. Provide the year(e.g., 2022) and the amount of total taxes paid. If the current year's taxes are paid in full, please provide that information. Otherwise provide the previous two years. If you need to add additional properties, you can add rows to the table below, use the space below the table, or use an additional sheet. Tax Key Number Year 1 Year 1 $Taxes Paid Year 2 Year 2$Taxes Paid 71-08-02-407-012.000-026 2023 $ 115.60 12022 $ 0.00 Check box to confirm that building permits HAVE NOT been issued for any of the properties. 111 Filed in Clerk's Office 3 MAY 0 8 2021i Bianca Thai() City Clerk, South But IN RESIDENTIAL TAX ABATEMENT (PETITION ADDENDUM) Describe and list other anticipated City Housing Subsidy Program, City Sewer Lateral public financing for the project, Reimbursement, and City Sidewalk Repair Program including any assistance to be sought or already authorized through the U.S. Department of Housing Urban Development (HUD), the City of South Bend, the South Bend Housing Authority, the Housing Assistance Office, the St. Joseph County Housing Consortium, or other entity providing financial assistance. Do not limit your response to public works improvements only.). Describe how the property has Lack of investments in the neighborhood, maintenance become undesirable for or impossible to the previous home led to it being demolished leaving of normal development because of a the lots to become abandoned, vacant and blighted lack of development, cessation of growth, deterioration of improvements or other factors which have impaired values and prevent a normal development of the property. Provide the current use and zoning for each property. (Zoning information, including the zoning map, can be found at https://southbendin.gov/department/community-investment/planninq-community- resources/zoning/) If you need to add additional properties, you can add rows to the table below, use the space below the table, or use an additional sheet. Address or Current Use Zone Tax Key Number 728 Harrison Vacant U2 Filcd in Clerk's Office 4 MAY 0 8 2024 Bianca Tit-wit) City Clerk, South L :rid, IN RESIDENTIAL TAX ABATEMENT (PETITION ADDENDUM) Indicate the Tax Incremental U River West n South Side West Washington Financing (TIF)area in which the properties are River East n Douglas Road ❑ Not in a TIF Area located. WHEREFORE, Petitioner has paid the required fee of$250.00 and requests that the Common Council of the City of South Bend, Indiana, adopt a declaratory resolution designating the area described herein as a residentially distressed area for the purposes of real property tax abatement consideration, and after publication of notice and public hearing, determine that the qualifications for a residentially distressed area have been met and confirm such resolution. The Petitioner agrees to provide the staff of the Department of Community Investment upon request information related to the project, including but not limited to a legal description of each property, a map and/or plat indicating the location of each property, and photographs of each property that are accurate representations of each property's condition at the time of this petition is filed. 72(./ Submitted by: Signature Tina M. Patton Printed Name President Title 5/2/2024 Date Filed in Clerk's Officu MAY 0 8 2024 5 Bianca Tirarlr City Clod, Sc.: Filed in Clerk's Office �i1""�4.,\ STATEMENT OF BENEFITS 2024 PAY 2025 7- REAL ESTATE IMPROVEMENTS MAY Q 8 2024 FORM SB-1/Real Property a, 3r ' 0State Form 51767(R7 11-21) P y Prescribed by the Department of Local Government Finance hh�� Bianca Tirado PRIVACY NOTICE This statement is being completed for real property that qualifies under the followirhgltrYdPa'harCooP kidk5t3 arj.'N Any information concerning the cost ❑ Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of itd to individualv ande specific salaries ties paid employees by the i] Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC 6-1.1-12.1-5.1. INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information 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 the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction. 3. To obtain a deduction, a Form 322/RE must be filed with the county auditor before May 10 in the year in which the addition to assessed valuation is made or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10. A properly owner who failed to file a deduction application within the prescribed deadline may file an application between January 1 and May 10 of a subsequent year. 4 A property owner who files for the deduction must provide the county auditor and designating body with a Form CF-1/Real Properly. The Form CF-1/Real Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. IC 6-1.1-12.1-5.1(b) 5. For a Form S8-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/Real Properly that is approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in effect. IC 6-1.1-12.1-17 SECTION 1 TAXPAYER INFORMATION Name of taxpayer Cross Community, Inc Address of taxpayer Number and Street: 707 Sherman Ave City: South Bend State IN ZIP' 46616 Name of contact person Telephone number E-mail address First Name: Tina Last Name: Patton (574)876-2106 tmpatton2@comcast.net SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of the City of South Bend Location of property Number and Street City State ZIP County DLGF taxing district number 728 Harrison Ave South Bend IN 46616 St. Joseph 026(South Bend-Portage) Description of real property improvements.redevelopment,or rehabilitation(use additional sheets el necessary) Estimated start date(month,day,year) We will build one (1) new home that will be between 1390-1620 sq ft with 3 06/03/2024 bedrooms, 2 bathrooms, with a garage. Estimated completion date(month,day,year) 11/30/2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $4,300 Plus estimated values of proposed project $270,000 $220,300 Less values of any property being replaced Net estimated values upon completion of project $270,000 $224,600 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) 0 Estimated hazardous waste converted (pounds) 0 Other benefits The home will be sold to a first-time homeowner who has participated in financial/credit building workshops SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in s statement are true. ---- ---------------- Signature of aulho. representati 1 Date signed(month,day,year) Pinted name of auli-orir_ed representative -tin Tina M Patton President Page 1 of 2 FOR USE OF THE DESIGNATING BODY We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution, passed or to be passed under IC 6-1.1-12.1,provides for the following limitations: A. The designated area has been limited to a period of time not to exceed n/a calendar years*(see below). The date this designation expires is 12/31/2026 . NOTE:This question addresses whether the resolution contains an expiration date for the designated area. B. The type of deduction that is allowed in the designated area is limited to: 1.Redevelopment or rehabilitation of real estate improvements Yes QNo 2.Residentially distressed areas ❑� Yes ❑No C. The amount of the deduction applicable is limited to$ N/A D. Other limitations or conditions(specify) N/A E. Number of years allowed: ❑Year 1 ❑Year 2 ❑Year 3 ❑Year 4 r❑Year 5 ("see below) ❑Year 6 ❑Year 7 ❑Year 8 ❑Year 9 ❑Year 10 F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17? Yes No If yes,attach a copy of the abatement schedule to this form. If no,the designating body is required to establish an abatement schedule before the deduction can be determined. We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. Approved(signature and title of authorized member of designating body) Telephone number Date signed(month,day,year) Printed name of authorized member of designating body Name of designating body Common Council of the City of South Bend,Indiana Attested by(signature and title of attester) Printed name of attester "If the designating body limits the time period during which an area is an economic revitalization area,that limitation does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17. A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1,2013,the deductions established in IC 6-1.1-12.1-4.1 remain in effect.The deduction period may not exceed five(5)years. For a Form SB-1/Real Property that is approved after June 30, 2013,the designating body is required to establish an abatement schedule for each deduction allowed. Except as provided in IC 6-1.1-12.1-18,the deduction period may not exceed ten(10)years. (See IC 6-1.1-12.1-17 below.) B. For the redevelopment or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1,2013,the abatement schedule approved by the designating body remains in effect.For a Form SB-1/Real Property that is approved after June 30,2013,the designating body is required to establish an abatement schedule for each deduction allowed. (See IC 6-1.1-12.1-17 below.) IC 6-1.1-12.1-17 Abatement schedules Sec.17.(a)A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under section 4 or 4.5 of this chapter an abatement schedule based on the following factors: (1) The total amount of the taxpayer's investment in real and personal property. (2) The number of new full-time equivalent jobs created. (3) The average wage of the new employees compared to the state minimum wage. (4) The infrastructure requirements for the taxpayer's investment. (b)This subsection applies to a statement of benefits approved after June 30,2013. A designating body shall establish an abatement schedule for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. Except as provided in IC 6-1.1-12.1-18,an abatement schedule may not exceed ten(10)years. (c)An abatement schedule approved for a particular taxpayer before July 1,2013,remains in effect until the abatement schedule expires under the terms of the resolution approving the taxpayer's statement of benefits. Filed in Clerk's Office MAY 0 Bianca Tir trlc, City Clerk, Soul!! ButR.I, IN Page 2 of 2 apt 1 ' 4 4 rz i *11 `a - 7 r-•, gyp. - ' ' .--..-4,s S. {. \ d.- MIlr . ;j t 3r7 , , ..• .,, .. : , ,,,„. __ _ k .„ ... . , : • ...,„...,.. ,,. , ,., , • . • _ ........„,. .„:,..y__, .,.. 4._ _____ :.„,..•.„ _.....,„..-_,_-„,. i t_ : • • , .. fort* .',-,'4,-14. • w6•,!-.,.',"-.. .4•.1.„.6.10-16...,.. ,. 4..,u:-t.i 1„4.4-.0'.,....;16N_v1,—u...,,,4‘-;‘',.-'ik'...k,, 0 :r: i,.,.,,iI. -z-4.t,,,,_.,,.•+-.-,' ?1.1..7., .,; -:..)-.‘_,. :f... . 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