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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />June 3, 2015 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />Council Member Gavin Ferlic, Chairperson <br />Community Investment Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <br />RE: Residential Real Property Tax Abatement Petition for: Tampico Developments, <br />LLC <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a residential real property tax abatement <br />petition submitted by Tampico Developments, LLC to build 26 single - family homes as part <br />of the Crescent Oaks housing community. This current petition includes section three of <br />the Crescent Oaks neighborhood: <br />➢ Department of Community Investment's summary report <br />➢ Copy of the petition <br />➢ Statement of Benefits form <br />➢ Supporting information. <br />The report contains the Department's findings relative to the above petition. The petitioner <br />proposes to build 26 single - family homes with an approximate assessed value of $68,500 <br />per home. The project meets the qualifications for a (5) five -year residential property tax <br />abatement and a representative from Tampico Developments, LLC will be available to <br />meet with the Committee on Monday, June 8, 2015. <br />Should you or any of the other Council members have any questions concerning the report, <br />or need additional information, please feel free to call me at 235 -9339. <br />Sincerely, <br />Brock Zeeb <br />Director Economic Resources <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Pete Buttigieg <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />JITIN KAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEEB <br />