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Engineering <br /> onfidenae ey Design Architecture <br /> Land Surveying <br /> Marina/Waterfront <br /> Community Planning <br /> Landscape Architecture <br /> May 30, 2013 Development Services <br /> Members of the Common Council - City of South Bend <br /> 227 West Jefferson Boulevard, Suite 400 S <br /> South Bend, IN 46601 <br /> RE: CRESCENT OAKS, SECTION TWO <br /> Request New Five (5) Year Residential Property Tax Abatement <br /> Dear Council Members: <br /> On behalf of the current Owner/Developer listed below, we are submitting a request for a new five <br /> (5) year residential property tax abatement for the above referenced project. Since the initial fax <br /> abatement was granted in 2008, the housing market slowed considerably; therefore, only 78 lots <br /> out of the proposed 80 lots in the initial fax abatement have been recorded and received fox <br /> identification numbers. The initial tax abatement is scheduled to expire later this year and we <br /> respectfully request your favorable consideration on this request. <br /> Current Owner Develo er <br /> Tampico Developments, LLC <br /> c/o Dennis Schwartz, Sole Member <br /> 737 River Pointe Place, Mishawaka, IN 46544 <br /> (574) 255-1503 j dschwl940 @aol.com <br /> By approving a second five (5) year tax abatement, the Owner can continue to market these lots <br /> with this incentive. The City will still receive the additional taxes generated from the improvements <br /> based upon the five (5) year abatement schedule. After the abatement expires, the City will then <br /> receive 100 percent of the property taxes from each lot. <br /> If you have any questions or require additional information regarding this request, please do not <br /> hesitate to contact our office. <br /> Sincerely, <br /> ABONMARCHE CONSULTANTS, INC. FEW f Y a ork' <br /> Bradley E. Mosness, PE _. <br /> Project Manager Cirf CLERK, say' <br /> L <br /> cc: Dennis Schwartz <br /> File <br /> 750 Lincoln Way Fast 3177 Willowcreek Rood 95 West Main Street 361 Firsi Street <br /> South Bend,IN 46607 Portage,1N 46368 Benton Harbor,MI 49022 Manistee,MI 49660 '503 Quaker Street <br /> South Haven,MI 44090 <br /> 574.232.8700 219.850.4624 <br /> 269.927.2295 231323.1 198 <br /> 269.637.1293 <br /> www.abonmcarche.com — � <br />