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227 W. JEFFERSON BOUITVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />June 3, 2013 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />Council Member Henry Davis, Chairperson <br />Community Investment Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Residential Real Property Tax Abatement Petition for: <br />Tampico Developments, LLC — Crescent Oaks, Section 2 <br />Dear Council Member Davis: <br />PHONE: 574/235-9371 <br />FAX: 574/235 -9021 <br />Please find attached the Department of Community Investment's report on a residential real property tax <br />abatement petition submitted by Bradley Mosness of Abonmarche Consultants for Tampico <br />Developments, LLC. They intend to develop the undeveloped agricultural property into eighty <br />residential lots located within Crescent Oaks, Section Two. The initial tax abatement was granted in <br />2008 but since the housing market has slowed only 18 lots of the proposed 80 lots have been recorded <br />and received tax identification numbers. Also attached is a copy of the petition, Statement of Benefits <br />form, and supporting information. <br />The report contains the department's findings relative to the above petition. The petitioner proposes to <br />develop the eighteen lots at a cost of $2,700,000. The project meets the qualifications for a (5) five -year <br />real property tax abatement. The:' petitiftor will be available to meet with the Committee on Monday, <br />June 24, 2013. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235 -9278. <br />4Sincerely, %`A <br />0zw Kathy Hahn <br />Analyst, Economic Resources <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Pete Buttigieg <br />Scott Ford <br />PIANNING NEIGHBORHOOD ENGAGEMENT ECONOMIC REsouRCEs <br />JITIN KAIN PAMELA C. MEYER DONALD E. INKS <br />