Confirming Tax Abatement - 901 & 909 N. St. Peter St./ Sndyer Custom Homes (5yr.Res)

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION 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-I, et-se .and South Bend Municipal Code Sec. 2-76 et. sea•, for this petition states the following: 1. Describe the proposed construction project, including information about square footage, number of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project (use additional sheet for long project descriptions); 135 - 2 story, 2850 square feet 3 bedroom 136 - 2 story 3000 square feet; 4 bedroom finished lower level 2. Estimate the dollar value of the construction project (do not include land cost): $ 1,050,000.00 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporations (if the business organization is publicly held, indicate also the name of the corporate pazent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Name Address Interest Snyder Custom Builders Inc P O Box 6035 South Bend IN 46660 Owner 4. The commonly known address of the Property is: 727 East Corby Street and having tax key no.: 018-5107-3766 (use additional sheet for multiple addresses or key numbers). 5. A legal description of said Property(s) is attached hereto, mazked Exhibit `A', and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, mazked Exhibit `B', and is incorporated herein. 7. The current assessed valuation of the properly before construction is $ 74,700 (use additional sheet for multiple addresses). (This information maybe obtained from the St. Joseph County Assessor's Office 235-9523) 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. 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): 2009 paid in 2010 = $1 919 84 2008 paid in 2009 = $2 792 29 (This information may be obtained from the St. Joseph County Treasurers office 235-9531) 10. What is your best estimate of the after completion market value of the property: $ 1,180,000.00 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 may be 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. 1