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Confirming Tax Abatement - Tampico Developments LLC Crescent Oaks Sec 2 (5 Year Residential Property)
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Confirming Tax Abatement - Tampico Developments LLC Crescent Oaks Sec 2 (5 Year Residential Property)
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8/16/2013 1:20:44 PM
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8/16/2013 11:44:23 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/12/2013
Ord-Res Number
4271-13
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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: KATHY HAHN <br />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <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 '/2 mile south of the intersection of Jackson <br />and Ironwood Roads on the east side of Ironwood (NW 1/4, Section 32, T37N, 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 />PLANNING NEIGHBORHOOD ENGAGEMENT ECONOMIC RFSOURCEs <br />JITIN KAIN PAMELA:''C. MEYER DONALD E. INKS <br />
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