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1200 C.OL7N'I'Y-CITY BL1[LDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 4660 1-1 8 30 <br />PxoNE574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM:. BOB MATHIA <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />KENDALL-WEISS, LLP LAFAYETTE FALLS: <br />Phase III, Section 1, Lots Numbered 396 through 402 and 409 through 415 <br />Phase III, Section 2, Lots Numbered 314 through 336 <br />DATE: October 9, 2007 <br />On October 3, 2007, a petition for residential tax abatement consideration for real property located in a part <br />of Lafayette Falls, Phase III, sections 1 and 2 was filed with the City Clerk byKendall-Weiss. Please Note: <br />The petition includes a request for a waiver for lot number 409 which has already received a building <br />permit. Work has begun under that building permit. Pursuant to Chapter 2, Article 6, Section 2-77.1 of <br />the Municipal Code of the City of South Bend, this petition was referred to the Department of Community <br />and Economic Development for purposes of investigation and preparation of a report determining whether <br />the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning <br />requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />Kendall-Weiss intends to construct forty (40), new, single-family homes on approximately 15.9 acres of <br />land. The total estimated cost of the 40 homes is $7,200,000. The homes will consist of three to four <br />bedrooms with two to two and one-half baths and range in size from 1,200 to over 2,500 square feet with <br />eight-foot basement walls and attached garage, optional fireplaces, and vinyl siding with stone and/or brick <br />accents. The area of Sections 1 and 2 as described above will contain~one retention basin, 2,2621inear feet <br />of new streets, as well as public and private utilities. The average cost of the homes will be approximately <br />$180,000. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL St PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 EL~zaaeTN LEONARD <br />Fax: 574/235-9697 574/235-9371 <br />