Designating Tax Abatement - Vacant lot between 1016 and 1032 West Washington Street - South Bend Heritage Foundationk, INC

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6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit B, and is incorporated herein. Exhibit B attached 7. The current assessed valuation of the property before construction is $ 18.100 (use additional sheet for multiple addresses). 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. Exhibit C attached 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): 2007 tiavable 2008 $873.93 2006 payable 2007 $747.69 10. What is your best estimate of the after completion market value of the property: $ 130.000 - 140.000 tier house to qualified buyers (sale Write discounted $40.50,000 tier house to achieve the goals of the Neiehborhood Stimulus Prosram. 11. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit maybe issued after the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a building permit has already been issued). The signature below is verification of this statement. 12. List other anticipated public financing for the project, including any assistance to be sought or already authorized through the United States Department of Housing and Urban Development funds from the City of South Bend, South Bend Housing Authority, Housing Assistance Office, St. Joseph County Housing Consortium or other public financial assistance, including but not limited to public works improvements: This nroiect will be 100% financed through the NSP 13. Describe how the property has become undesirable for or impossible of normal development because of a lack of development, cessation of growth, deterioration of improvements or other factors which have impaired values and prevent a normal development of the property: The 1963 edition of the Sandborn Mans of South Bend show no building on this lot but indicated an address of 1026 W. Washington. Therefore. anv house that may have been on the lot was demolished before 1963. It is located in an area that experienced severe disinvestment since the 1960s when many of the grand houses were divided into apartments or used for businesses or demolished. It is close to the infamous "block " at Washington and Walnut where drugs and crime were on the increase . discouraging anv development and investment. People wanted out. not to move in. It is in the carne block as the Natatorium and Hansel Center which became. until recently. blights on the block. There was no development. By the late 1980s and early 1990x. this scenario started changing with the demolition of the "block" and construction of affordable duplexes and triplexes (West Washington Homes) and. west of that. new construction of single family. owner occupied affordable homes. More recently the plans for making the Natatorium into the Civil Rights Heritage Center are in the process of being implemented and beginning plans for the Hansel Center to be converted into an extension of Notre Dame's Center for Latino Studies. The climate for development has changed and investment in housing is increasing gradually in this neighborhood. 14. The current use of the property is vacant lot and the current zoning is SF2 (use). 15. The property is located in the following Allocation Area (if any) declared and confirmed by the South Bend Redevelopment Commission (requiring approval of the tax abatement by the Redevelopment Commission): _______ Included in the WWCDA on 10/23/2987 2