Confirming Tax Abatement - Lot Numbers 1 through 141 all in Southfield Lake - LLE Real Estate, LLP

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LLE Real Estate, LLP 550 Union Street Mishawaka, IN 46544 Contact Person: Gary Cole Phone: 574- 259 -9976 Email: izmc(troyer2roup.com Fax: 574 -259 -9982 INSTRUCTION FOR POTENTIAL BUYERS AND PROPERTY TAX APPLICANTS Dear potential buyer /property tax applicant: The following information and instructions are provided for you to understand the tax abatement process should you choose to purchase a home in SOUTHFIELD LAKE: 1. The official name of the tax abatement was issued under is: LLE REAL ESTATE, LLP. 2. A map of the development/subdivision covered by the tax abatement is attached as Exhibit A. The tax key number for the property parcel you are interested in is 023- 1010- 018601, 023 - 1010 -0187, 001 -1010- 018602 (east half). 3. The term of the tax abatement is five (5) years. The abatement was approved by the South Bend Common Council on September 8, 2008. 4. The maximum amount of the deduction from assessed value to calculate the tax abatement is $74,880. The assessed value of the land cannot be abated. 5. The developer, LLE Real Estate, submitted a completed STATEMENT OF BENEFITS FORM (SB -1) in accordance with State of Indiana and City of South Bend requirements. 6. To obtain the tax abatement for the property you are interested in you and your builder must complete FORM 322 ERA/RE and you must file it with the County Auditor of St: Joseph County after completion of the home and prior to occupancy. A copy of FORM 322 ERA/RE is attached as Exhibit B for your information. 7. In addition to the FORM 322 the Auditor's Office requires that you provide a copy of the Confirmatory Resolution that gave final approval to the tax abatement and a copy of the STATEMENT OF BENEFITS FORM SB -1 that started the abatement petition process. Copies of that Resolution and FORM SB -1 are also attached as Exhibits C and D. 8. The following contact information for the City of South Bend and St. Joseph County is provided for your assistance should you have any questions:.