Confirming Tax Abatement - Tampico Developments, LLC Crescent Oaks, Section Three (5 Year Residential Property)

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CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property tax abatement consideration and pursuant to 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sec. 2 -76 et sea., for this petition states the following: 1. Describe the proposed construction project, including information about square footage, numbers of rooms, number of stories, other amenities such as finished basements and garages, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project (use additional sheet for lone oroiect descrintions): DEVELOPMENT CONTAINING 26 LOTS ON APPROXIMATELY 6.2 ACRES. THESE LOTS WILL BE SERVICED BY CITY STREETS AND UTILITIES. HOMES ON AVERAGE WILL RANGE FROM 1,400 — 1,800 SQUARE FEET, CONTAIN 3 BEDROOMS, AND HAVE BASEMENTS. 2. Estimate the dollar value of the construction project (do not include land cost): $33900,000 ±. 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporation(s) (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Name Interest TAMPICO DEVELOPMENTS, LLC 100% 737 RIVER POINTE PLACE MISHAWA" IN 46544 4. The commonly known address of the Property is: SEE ATTACHED EXHIBIT A -1 and having tax key no.: SEE ATTACHED EXHIBIT A -1 (use additional sheet for multiple addresses or key numbers). A legal description of said Property(s) is attached hereto, marked EXHIBIT A -2, and is incorporated herein. 6. A map and /or plat indicating the location of the Property(s) is attached hereto, marked EXHIBIT B, and are incorporated herein. 7. Photographs of the Property(s), taken within two (2) weeks of the filing of this petition, are attached hereto, marked EXHIBIT C, and incorporated herein. 8. The current assessed valuation of the property before construction is SEE ATTACHED EXHIBIT A -1 (use additional sheet for multiple addresses). (This information may be obtained from the St. Joseph County Assessor's Office, 235 - 9523). 9. List the real property taxes paid at the location during the previous two years, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): SEE ATTACHED EXHIBIT A -1 This information may be obtained from the St. Joseph County Treasurers office, 235 -9531) 10. What is your best estimate of the project after completion market value of the property: $4,680,000 ±. 11. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit may be issued after the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a building