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227 W.JEFFERSON BOULEVARD PHONE:5741235-9371 <br /> Sulry 14 00 S. G j' FAx:5741235-9021 <br /> Sohn-I BEND,IN 46601-1830 <br /> CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR <br /> COMMUNITY INV'ES'T'MENT <br /> SCOTT FORD,EXECUTWE DIRECTOR <br /> T'A.XABATEMEVT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: KATHY HA14N <br /> SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> TAMPICO DEVELOPMENTS, LLC— CRESCENT OAKS, SECTION 2 <br /> DATE: June 3, 2013 <br /> On November 10, 2008 through resolution# 3921-08,the petitioner was granted a five year residential tax <br /> abatement for un-platted real property located approximately % mile south of the intersection of Jackson <br /> and Ironwood Roads on the east side of Ironwood (NW %, Section 32, T3 7N,R3E).Since then only 18 of <br /> the 80 lots have been recorded and received tax identification numbers. In a new petition filed May 31,2013 <br /> Tampico Developments LLC is requesting a new five year residential tax abatement in order to market these <br /> 18 lots with a tax abatement incentive. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal <br /> Code of the City of South Bend,this petition,was referred to the Department of Community Investment for <br /> purposes of investigation and preparation of a report determining whether the area qualifies as a <br /> Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. <br /> The Department of Community Investment has reviewed the petition (a copy of which is attached), <br /> investigated the area, and makes the following report. <br /> PROJECT DESCRIPTION <br /> Tampico Developments, LLC intends to eventually develop 19.9 acres of agricultural farmland into 80 <br /> residential lots. This request is for 18 lots which currently have tax identification numbers. Homes have <br /> been started on four of the lots under the previous abatement. The lots will be located within the proposed <br /> development called Crescent Oaks, Section 2. The homes will range in size from 1,400 to 1,800 square <br /> feet and will contain three bedrooms and have basements. <br /> S <br /> PIANNING NF.IGHBORHOO D ENGAGEMENT ECONOMIC RlsouRcxs <br /> JITIN KAIN PRMEu�C.Mr-'YF,R DONALD E.INKS <br />