HomeMy WebLinkAboutConfirming Tax Abatement - Tampico Developments, LLC Crescent Oaks, Section Three (5 Year Residential Property)Attest:
RESOLUTION
4458 -15
Passed by the Common Council of the City of South Bend, Indiana
June 22,
15
20 .
L� City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
June 23 Zo 15
Approved and signed by me —June, �i 3 20 i S.
City Clerk
RESOLUTION NO. -4 � S t— t
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING A CERTAIN AREA WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
Crescent Oaks, Section Three
AS A RESIDENTIALLY DISTRESSED AREA FOR PURPOSES OF A
(5) FIVE -YEAR RESIDENTIAL REAL PROPERTY
TAX ABATEMENT FOR
Tampico Developments, LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas
for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as:
Crescent Oaks, Section Three
South Bend, Indiana, and which is more particularly described as follows:
A PARCEL OF LAND BEING A PART OF PARENT PART OF LAND AS DESCRIBED IN
DEED RECORD INSTRUMENT NUMBER 9944308 AS RECORDED IN OFFICE OF
RECORDER OF ST. JOSEPH COUNTY, INDIANA, IN PART OF THE NORTHWEST
QUARTER OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 3 EAST, CITY OF SOUTH
BEND, PENN TOWNSHIP, INDIANA MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 32; THENCE
SOUTH 00 016'29" EAST ALONG THE WEST LINE OF SAID NORTHWEST QUARTER; A
DISTANCE OF 1,988.74 FEET TO THE SOUTHWEST CORNER OF CRESCENT OAKS
SECTION IA, A REPLAT OF CRESCENT OAKS SECTION 1, AS RECORDED AS
INSTRUMENT NUMBER 0839817 IN THE OFFICE OF RECORDER OF ST. JOSEPH
COUNTY, INDIANA; THENCE NORTH 89 °51'58" EAST ALONG THE SOUTH LINE OF
CRESCENT OAKS SECTION IA, A DISTANCE OF 706.23 FEET TO THE SOUTHEAST
CORNER OF CRESCENT OAKS SECTION IA; THENCE NORTH 00 °31'01" WEST
ALONG THE EAST LINE OF CRESCENT OAKS SECTION IA, A DISTANCE OF 134.72
FEET; THENCE SOUTH 89 °28'59" WEST ALONG THE EAST LINE OF CRESCENT OAKS
SECTION 1A, A DISTANCE OF 10.93 FEET; THENCE NORTH 00°31'01" WEST ALONG
THE EAST LINE OF CRESCENT OAKS SECTION 1A, A DISTANCE OF 188.50 FEET TO
THE POINT OF BEGINNING; THENCE CONTINUING NORTH 00 °31'01" WEST ALONG
THE EAST LINE OF CRESCENT OAKS SECTION IA, 178.50 FEET; THENCE NORTH
89 028'59" EAST ALONG THE EAST LINE OF CRESCENT OAKS SECTION 1A, 9.51
FEET; THENCE NORTH 00 °31'01" WEST ALONG THE EAST LINE OF CRESCENT
OAKS SECTION 1A, 123.07 TO THE NORTHEAST CORNER OF CRESCENT OAKS
SECTION IA:, THENCE NORTH 89 °53'49" EAST, 168.00 FEET; THENCE NORTH
00 016'57" WEST, 125.00 FEET; THENCE NORTH 89 °53'49" EAST, 232.00 FEET; THENCE
SOUTH 85 049'33" EAST, 202.76 FEET TO A POINT OF CURVE TO THE RIGHT, HAVING
A RADIUS OF 2,235.00 FEET, BEING SUBTENDED BY A CHORD OF 158.62 FEET,
BEARING SOUTH 13 044'17" WEST; THENCE SOUTHWESTERLY ALONG SAID CURVE
158.65 FEET; THENCE SOUTH 82 047'05" EAST,136.53 FEET; THENCE SOUTH 88 °33'39"
EAST 22.41 FEET; THENCE SOUTH 00 °08'02" EAST, 105.24 FEET; THENCE NORTH
89 051'58" EAST 19.71 FEET THENCE SOUTH 00 008'02" EAST, 159.73 FEET; THENCE
SOUTH 89 051'58" WEST, 71.02 FEET TO THE NORTHEAST CORNER OF CRESCENT
OAKS SECTION TWO AS RECORDED AS INSTRUMENT NUMBER 1210614 IN THE
OFFICE OF RECORDER OF ST. JOSEPH COUNTY, INDIANA; THENCE NORTH
83 032'59" WEST ALONG THE NORTH LINE OF CRESCENT OAKS SECTION TWO,73.42
FEET; THENCE SOUTH 89 °51'58" WEST ALONG THE NORTH LINE OF CRESCENT
OAKS SECTION TWO, 76.58 FEET; THENCE NORTH 79 °46'57" WEST ALONG THE
NORTH LINE OF CRESCENT OAKS SECTION TWO, 60.00 FEET; THENCE NORTH
10 013'03" EAST ALONG THE NORTH LINE OF CRESCENT OAKS SECTION TWO 1.91
FEET; THENCE NORTH 89 033'02" WEST ALONG THE NORTH LINE OF CRESCENT
OAKS SECTION TWO, 469.66 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED
PARCEL CONTAINING 6.23 ACRES, MORE OR LESS.
Subject to any easement, covenants, restriction, and right way of record.
be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-
1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et seq., and;
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing
before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for a residentially
distressed area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds that the petition for real property
tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6 -1.1-
12.1 et sea., for tax abatement.
SECTION II. The Common Council hereby determines and finds that the area meets one of the
following conditions as formally established in Ordinance No. 9394 -03, which was passed on
February 10, 2003:
A. The area is comprised of parcels that are either unimproved or contain only one (1)
or two (2) family dwellings designed for up to four (4) families, including accessory
buildings for those dwellings; or
B. Any dwellings in the area are not permanently occupied and are:
i. the subject of an order issued under IC 36 -7 -9; or
ii. evidencing significant building deficiencies; or
C. Parcels of property in the area:
i. have been sold and not redeemed under IC 6- 1.1 -24 and IC 6- 1.1 -25; or
ii. are owned by a unit of local government; or
D. A significant number of dwelling units within the area are not permanently occupied
or a significant number of parcels in the area are vacant land; or
E. A significant number of dwelling units within the area are:
i. the subject of an order issued under IC 36 -7 -9; or
ii. evidencing significant building deficiencies; or
F. The area has experienced a net loss in the number of dwelling units, as documented
by census information, local building and demolition permits, or certificates of
occupancy, or the areas are owned by Indiana or the United States; or
G. The area (plus any areas previously designated under this subsection). will not exceed
ten percent (10 %) of the total area within the Council's jurisdiction.
SECTION III. The Common Council also hereby determines and finds the following:
A. That the description of the proposed redevelopment meets the applicable standards
for such development.
B. That the estimate of the value of the redevelopment is reasonable for projects of this
nature;
C. That the other benefits about which information was requested are benefits that can
be reasonably expected to result from the proposed described redevelopment; and
D. That the totality of benefits is sufficient to justify the requested deduction, all of
which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3.
E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local
code standards for habitability.
F. The deduction will not be allowed unless the dwelling rehabilitation is completed
within five (5) calendar years from the date of the adoption of this Resolution by the
Common Council.
SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the
area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such
designation is for Real property tax abatement only and is limited to five (5) calendar years from
the date of adoption of the Declaratory Resolution by the Common Council as shown by the
attachment pursuant to Indiana Code 6 -1.1- 12.1 -17.
SECTION V. The Common Council hereby determines that the property owner is qualified for
and is granted Real property tax deduction for a period of five (5) years as shown by the attachment
pursuant to Indiana Code 6- 1.1- 12.1 -17, and further determines that the petition complies with
Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1-
12.1 et sea.
SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
?RESENTED "vL�
NOT APPRO)NO
A"To
0
Member of the mmon Council
MAY 6 2015
JOHN VOORDE
CITY CLERK, SOUTH RENO, IN
227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
June 3, 2015
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
SCOTT FORD, EXECUTIVE DIRECTOR
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: First Substitute Filing
Residential Real Property Tax Abatement Petition for:
Tampico Developments. LLC
Dear Council Member Ferlic:
PHONE: 574/235 -9371
FAx:574/235 -9021
An amended first substitution filing was made regarding the residential real property tax
abatement petition for Tampico Developments, LLC. The following information was
amended from the original filing:
• Petition for Incentives – Proposed project information changed from 20 homes to 26
homes
• Petition for Incentives – New building construction costs revised to account for
change from 20 homes to 26 homes
• Statement of Benefits SB- l/Real Property – Section 2, changed from 20 homes to
26 homes
• Statement of Benefits SB- l/Real Property – Section 4, cost values revised to account
for change from 20 homes to 26 homes
Should you or any of the other Council members have any questions or n d additional
information, please feel free to call me at 235 -9339. —.--- .Q
Sincerely, 1t► "°''` 1
�
Brock Zeeb e
Director Economic Resources �pRp?�sso.\N
Attachments G \Tt
cc: South Bend Common Council Members
Mayor Pete Buttigieg
Scott Ford
Chris Fielding
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
Jam ]CAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEEB
227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
June 3, 2015
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
SCOTT FORD, EXECUTIVE DIRECTOR
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
PHONE: 574/235 -9371
FAX: 574/235 -9021
RE: Residential Real Property Tax Abatement Petition for: Tampico Developments,
LLC
Dear Council Member Ferlic:
Please find the attached information pertaining to a residential real property tax abatement
petition submitted by Tampico Developments, LLC to build 26 single - family homes as part
of the Crescent Oaks housing community. This current petition includes section three of
the Crescent Oaks neighborhood:
➢ Department of Community Investment's summary report
➢ Copy of the petition
➢ Statement of Benefits form
➢ Supporting information.
The report contains the Department's findings relative to the above petition. The petitioner
proposes to build 26 single - family homes with an approximate assessed value of $68,500
per home. The project meets the qualifications for a (5) five -year residential property tax
abatement and a representative from Tampico Developments, LLC will be available to
meet with the Committee on Monday, June 8, 2015.
Should you or any of the other Council members have any questions concerning the report,
or need additional information, please feel free to call me at 235 -9339.
Sincerely,
Brock Zeeb
Director Economic Resources
Attachments
cc: South Bend Common Council Members
Mayor Pete Buttigieg
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
JITIN KAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEEB
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: BROCK ZEEB
SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR:
Tampico Developments, LLC
DATE: June 3, 2015
On Friday, April 24, 2015, a petition from Tampico Developments, LLC was received and
subsequently filed with the City Clerk for residential real property tax abatement
consideration for 26 single - family homes in Crescent Oaks, Section Three. Pursuant to
Chapter 2, Article 6, Section 2 -84.2 of the Municipal Code of the City of South Bend, this
petition was referred to the Department of Community Investment for purposes of
investigation and preparation of a report determining whether the area qualifies as an
Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning
requirements have been met.
The Department of Community Investment has reviewed the petition (a copy of which is
attached), investigated the area, and makes the following report.
PROJECT SUMMARY
➢ (26) Twenty Six single - family homes at an approximate assessed value of
$68,500/home, $1,781,000 total
➢ Homes will range from 1400 -1800 sq ft, on average, 3 bedrooms, basement
➢ New total project taxes during five year abatement period — $246,532
➢ Estimated taxes being abated during five year abatement period — $213,236
➢ Total taxes to be paid during five year abatement period — $33,296
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted, finds that the petitioner has
been granted or is associated with previous abatements.
2. The Building Commissioner has reviewed the petition and finds the property to be
properly zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the
properties are not located in a Development Area.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner
meets the qualifications for a (5) five -year residential property tax abatement under
section 2 -77.1, Single Family Residential Construction.
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
JITIN KAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEEB
City of South Bend
Ile
Petition for Incentives
)�
Peddon must include a S250Jllinyfe? po"ble to the allyderlr's OJJIce or online Wa Me Co's Webske at
'
.help:/ /southbendln you /OOVemmenVaPnteet/tarabatement before Procexs7�peanbeeomPka
r_� _
General Information Po - - Crescent Oaks, Section 3 Project Number
legal name as registered with'seoretary 0 Tampico Developments, LLC
Bushussabucture
Companywebate
Proposed Project Information
Proposed prolectaddress Crescent Oaks, Section Three Panacamamyname
clty' ststs' ZIP
South Bend, IN 46614
regal owner Tampico Developments, LLC
She acreage oracreage required
+1 -6.7 Acres
btherealestareownedm Owned
SquareteetotfadBty
26 new homes
If leased by whom.
Primary Contact Information
Primary cmapauy°onhct now
Dennis Schwartz
ime Sole Member
n of conci a"yContad
737 River Pointe Place
phone
574-255 -1503
y'State,Zip Mishawaka, IN 46544
y'^ap
dschw1940@aol.00m
Senior Official Information
CompanymmloroflkkI name.: same
11tk
Address of company contact (IF dWarerdhom
Phnrre
gtl.st -t-alp -
anall
Consultant Information/Agent
tiiialb alnesswnsultaralagent. .name AbonmarcheConsultants
Cmnulmmideaselye V
Address.
750 Lincoln Way Fast
Local amlwNCdeaNOpmentpa"s—
N
ctlY' ,Zip- -
South Bend, IN 46601 Emu bmosness@abonmamhe.00m
Project Overview
BrWde criptionofyom .
wmparry, project, snd whythe
Crescent Oaks, Section Three, is a proposed single-family residential development containing 26 lots on approximately 6.7
propertylsswessarytor
acres. These lots will be serviced by city streets and utilities. Homes on average will range from 1,400 -1,600 SF, contain
ecomantcsrowth
3 bedrooms, and have basements.
Similar to Sections One and Two that have received tax abatements, the developer would like to recelve a similar
-.
abatement for Section Three to help market and attract prospective residents to the development which In turn will increase
the City's population and tax base.
CerdfledTednmbpy Park apprapna0e
Communityftevitaflradon Fnlnagemem
Eaddet
CeaNyMatf6e BUacftPemdt has not been
N
x..:;,._ + --„: -y =
26 Single Family Homes
athis is a pedt(ontor perwnal PmPerquxaWt•mem, has
the heenlastaeA
ing Purchase Casts
Bulking Construction
rig Bulking Improvements
Machinery & Equipment
Infrastructure
2014
2015
2016
2017
2018
2019
2020
2021
Provide hourly
wage information for new employees in the
following positions.
.®
Please
list the number of full time and
part time
the last three
minority and /or female
years:
employees
for each of
ME - - -
''' W ME
Full -Time Permanent Indiana - Resident
Positions
by Calendar Year
Provide hourly
wage information for new employees in the
following positions.
.®
Please
list the number of full time and
part time
the last three
minority and /or female
years:
employees
for each of
ME - - -
''' W ME
Complete below for Real or Personal P..- Abatement only.
Please sign for . requested incentives.
Public Benefit kern:
Information Is required on both the construction companies and the
companies which will provide materials purchased for this project.
Please complete the table below with the appropriate information. If
you qualify for the points, please enter the full amount of available
points.
es or r Qualify No) o
Earned Paints
Available Points
1
Construction Related (Contractors[:
A.
Employ Local Companies (75%)
Y
20
20
B.
Purchase Materials from Loaf Companies (75 %)
Y
20
20
C.
Require Employees vs. Independent Contractors
N
19
D.
Require. Prevailing Wage (Davis Bacon)
N
22
E.
Require Health Benefits
N
22
F.
Require Pension. Benefits
N
18
G.
Maintain Affirmative Action Plan
N
20
Subtotal Construction Related:
40
141
2
Wave &- Benefit Related (Owner):
A. -
Pay Target Wage levels
N
33
B.
Provide Health Benefits
N
34
C.
Provide Pension Benefits
N
29
D:
Provide Training
N
28
E
Provide Child Care
N
35
F. -
Provide Transportation Assistance
N
14
G.
Provide Employer Assisted Housing program
N
9
Sub -total Wage & Benefit Related:
0
162
3
- Worldorte Related:
A.
Create New Jobs
N
42
B.
Retain Existing Jobs -
N
41
C.
Maintain Affirmable Action Plan
N
35
D.
Provide Targeted Hiring Preference
N
34
Sut4otal Workforce Related: -
0
152
4
Su000rt a asrnddoal Facility:
A'
Support a SB Municipal Fadffty (donations to the
zoo, conservatory, museum, etc)
N
84
Name of Facility
Subtotal Municipal Facility:
84
Subtotal from Above:
140
1
539
The undersigned owner(s) of real property, located within the City of South Bend, herby petition the Common Council of the City
of South. Bend for a. real and /or peril property tax abatement consideration and pursuant. to I.C.; 6-1:1- 12.1 -1, at seq, and.
2O/
What is the current assessed wlue?
Real Property:
PersanalPmperty:
What lathe projected assessed value?
Real Property:
PereonalPmperty:
What is the tax key number for the project?
What Is the six digR NAILS code?
Please attach a Google map and stmetvkw of the location.
Please am the amount of real and personal property times
paid for the last five years when applicable.
RealPropem/Taaes:
-
PeremalPmperty7aaes:
Yearone
$ 2,401.32 (2014)
Year Tem
$1,912.82 (2013)
YearThree
$ 1,926.32 (2012)
YearPOur
$ 1,885.56 (2011)
Year Five $1,602.80 (2010)
Staff Use Only
Please fill out the Public Benefit Summary Information and
carN
add to the total from above.
- Poids - points
Public Benefit Item:
5
A.
Redevelop a. Site that has Spedal Needs
49
B.
jDwelcip Based on Local University Research
35
C.
Achieve a Physical Element of a Plan
36
Sub -total "ad Related:
0
120
G
Super
She Prolects (point yaWPs are cumdativel:
25
A.
100% to 199%
B.
200%to299%
68
C.
300% to 399%
65
D.
400% and Over
52
Sub•robl Super She Projects:
0
210
7
Pay for Muddwl lnfrasbUCW :
A.
Payfor Overshing or Upgrading
14
B.
Payfor26-50% of Extension Cost
26
C.
Pay f"51-75% of Extension Cost
39
D. Pay for 76-100% of EMension Cost
- Stb -total lMrastructure Related:
52
0
131
Total from ApploantSection:
140
539
Total from Staff Section:
10
461
Total PuWk BeneRt Points: 1 1
140
1000
CITY OF SOUTH BEND, INDIANA
REQUIREMENTS FOR ALL PETITIONS SEEKING SINGLE - FAMILY
RESIDENTIAL DEVELOPMENT REAL PROPERTY TAX ABATEMENT
CONSIDERATION FOR MULTIPLE PARCELS
As a condition of granting a petition which seeks single - family residential development real
property tax abatement consideration for development of multiple parcels in the City of South
Bend, Indiana, the petitioner seeking such abatement pursuant to the applicable provisions of the
Indiana Code, the Indiana Administration Code and the South Bend Municipal Code must
additionally agree to the following:
Filina Requirement with the Office of The City Clerk: File with the Office of the City Clerk,
4th Floor County-City Building, South Bend, Indiana 46601, prior to the South Bend Common
Council taking final action on a petitioner's Confirmatory Resolution for single- family
residential construction where multiple parcels are involved and which is specifically addressed
in § 2 -77.1 of the South Bend Municipal Code, the petitioner's written information statement to
be given to all individuals inquiring about any parcels in the petitioned area.
Required Contents of Information Statement: Said information statement must be on the
petitioner's official stationary which lists their business name, street address, city, state and zip
code, telephone and facsimile numbers, email address if any,.and contact persons(s) which must
include the following:
• Official name of the development as listed in the documents of record with the Office of
the City Clerk of South Bend, Indiana
• A map of the development addressed by the abatement listing the property key number
for the parcel in question as well as its street address
• Verification of the number of years granted by the tax abatement and the month/year the
final action was taken by the South Bend Common Council
• Verification and confirmation of the abatement's maximum dollar amount of the assessed
value of the improvements on the parcel in question and a statement that the assessed
value of the land is not abated
• Verification of the .petitioner's (developer's) duties with regard to the Statement of
Benefits form (SB -1)
• Verification of the proposed property owner(s)' duties with regard to the FORM 322/RE
which must be completed and filed by the owner and builder after completion of the
home and prior to occupancy, with said form being attached to the Information Statement
• An attachment of the Confirmatory Resolution which approved the abatement in question
• Inclusion of contact information, including but not limited to:
Department of Community Investment
14005 County-City Building
South Bend, Indiana 46601
(574) 235 -9371 (574) 235 -9021 Facsimile
St. Joseph County Auditor's Office
2nd Floor County-City Building
South Bend, Indiana 46601
(574) 235 -9668 (574) 235 -5024 Facsimile
Office of the City Clerk
4th Floor County -City Building
South Bend, Indiana 46601
(574) 235 -9221 (574) 235 -9173 Facsimile
Required Filing of All Revised Information Statements: Any Information Statements which
are revised should be filed with the Office of the City Clerk as soon as practicable by the
petitioner /developer, and in no event filed later than their first use with prospective property
owners in the affected tax abatement area.
I, Dennis Schwartz, the petitioner of record seeking single - family residential development real
property tax abatement consideration for multiple parcels in the City of South Bend, Indiana, for
the abatement commonly referred to as Crescent Oaks, Section Three, hereby acknowledges the
requirements set forth herein and agree to abide by such conditions.
(Signore) V
Dennis Schwartz, Sole Member
Tampico Developments, LLC
737 River Pointe Place, Mishawaka, IN 46544
(574) 255 -1503
Witness Signature
Printed Name and Official Capacity
Address:
City/State /Zip:
Phone No.:
Signed this 11' day of ¢ 2015.
(Rev. 5/13/11)
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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
has already been issued). The signature below is verification of this statement.
r0W TH12R117. TR VRnVngW I. TT=UVM"0V Nn UTTTTIMT T/ D i
ISSUED.
12. List other anticipated public financing for the project, including any assistance to be sought or already
authorized through the United States Department of Housing and Urban Development funds from the City
of South Bend, South Bend Housing -Authority, Housing Assistance Office, St. Joseph County Housing
Consortium or other public financial assistance, including but not limited to public works improvements:
N/A
13. Describe how the property has become undesirable for or impossible of normal development because of a lack
of development, cessation of growth, deterioration of improvements or other factors which have impaired
values and prevent a normal development of the property:
WHICH IN TURN WILL INCREASE THE CITY'S POPULATION AND TAX BASE
14. The current use of the property is RESIDENTIAL / VACANT LOTS and the current zoning is SF -1 (use).
(This information may be obtained from the Building Department 235 -9553)
15. The property is located in the following Allocation Area (if any) declared and confirmed by the South Bend
Redevelopment Commission (requiring approval of the tax abatement by the Redevelopment Commission):
N/A
16. The following person should be contacted as the petitioner's agent regarding additional information and
public hearing notifications:
Name ABONMARCHE CONSULTANTS, INC
Contact Person BRADLEY E. MOSNESS, PE
Address 750 LINCOLN WAY EAST
City, State, Zip SOUTH BEND, IN 46601
Telephone (574) 232 -8700
WHEREFORE, Petitioner has paid the required fee of $50.00 and requests that the Common Council of the City
of South Bend, Indiana, adopt a declaratory resolution designating the area described herein as a residentially
distressed area for the purposes of real property tax abatement consideration, and after publication of notice and
public hearing, determine that the qualifications for a residentially distressed area have been met and confirm such
resolution.
Name of Property Owner(s):
TAMPICO DEVELOPMENTS, LLC
(Rev. 5/13/11)
2
(Typed or printed name