04-12-99 Community & Economic Development

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✓ Community and Economic Development Committee April 12, 1999 Page 2 Thirteen(13) lots will be replated so that eight (8)new single-family homes may be built. This project directly backs on the north side of West Washington Place, the affordable rental units developed by SBHF. Total estimated project costs are $ 640,000. The potential buyers may be eligible for a mortgage subsidy of$ 15,000. Following discussion,the Committee recommended that Res. No. 99-20 be recommended favorably to the full Council. The Committee then reviewed Res. No. 99-23 which is a five (5) year residential real property tax abatement request for the properties located at 5207, 5210, 5211, 5214 and 5215 Windfall Court for Dave&Lois Coker. Nancy Van Scoyk reviewed her report dated April 6, 1999 (copy attached) which concluded that the project meets the qualifications for five (5) years of residential real property tax abatement. The project includes the building of five (5) new single family residences at an estimated coast between$70,000 to$ 80,000 for a total project cost of$375,000. Following discussion,the Committee recommended that Res. No. 99-23 be recommended favorably to the full Council. The Committee then reviewed Res. No. 99-24 which is a five (5) year residential real property tax abatement request for the properties located at 301 LaPorte Avenue and 1041, 1043, and 1047 LaSalle Connector for the Housing Development Corporation of St. Joseph County. Nancy Van Scoyk reviewed her report dated March 31, 1999 (copy attached) which concluded that the project meets the qualifications for a five (5) year residential real property tax abatement. The project would include the building of four (4) homes constructed with complete mobility handicap features and amenities. Following discussion,the Committee recommended that Res. No. 99-24 be recommended favorably to the full Council. The Committee then reviewed Res. No. 99-25 which is a six (6) year real property tax abatement request for the property located at 6879 Enterprise Drive and Bill No. 99-26 which is a six (6)year real property tax abatement request for the property located at 6851 Enterprise Drive for the petitioner,Enterprise Centre Partners,L.P. Nancy Van Scoyk reviewed the April 27, 1998 and April 6, 1999 reports prepared by Michael Beitzinger (copies attached) which note that the buildings were built on a speculative basis and were prepared for a six (6) year tax abatement period. The Council may indicate the term of the abatement based on the information in the reports and the verbal presentations.