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227 W,JEFFERSON BOULRVARD <br /> PHONV,:574/235-9371 <br /> SUIT 1400 S. <br /> z FAX:5741235 9Q21 <br /> Soumf BEND,IN 46601-1830 f U \� , a <br /> J965 <br /> CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR <br /> COMMUNITY INVESTMENT <br /> SCOTT FORD,EXECUTIVE DIRECTOR <br /> June 3, 2013 <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 /> 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'petitibribr 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 235-9275. <br /> Sincerely, <br /> Kathy Hahn <br /> Analyst, Economic Resources <br /> Attachments <br /> cc: South Bend Common Council Members <br /> Mayor Pete Buttigieg <br /> SQott Ford <br /> PIANNING N FGH AORHOOD ENGAGEMENT ECONOMIC I2EsouRCE5 <br /> JIf IN KAIN PAMELA C.MF.YF.R DONALD E.INKS <br /> r9 . i <br />