Fiscal Plan for Cleland Homes Inc. Annexation Area in German Township

Home Browse Search

Cleland Homes, Inc. Annexation Area 4 E. Buildings and Land Use There is one house and some older, dilapidated farm buildings in the Annexation Area. The Area is proposed to be developed into single family homes, accessed by dedicated public streets, and serviced by public sewer and water utilities in addition to City fire and police services. F. Zoning & Subdivisions The site is zoned "R" Residential in unincorporated St. Joseph County. It is proposed to be zoned "A" Single Family upon incorporation. G. Population There is no population in the Annexation Area. 140 lots are proposed, resulting in an estimated population of 350 (140 x density of 2.5). H. Tax Rate The tax rates used are those of 2001 payable in 2002. The Township Rate will decrease by $.1908 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund, the Fire debt Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by $2.8726 with the addition of the City and Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. The net increase in property taxes will be $2.6818 per $100.00 of assessed valuation. Table 1 shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments 2001 payable 2002, St. Joseph County Auditor property tax records: Land: $3,070.00 Improvements: $7,830.00 Net: $8,900.00 Estimated net assessment at build out for the proposed development: $9,240,000 I Municipal Legislative District The Annexation Area will be in the 1st District.