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HomeMy WebLinkAboutConfirming Tax Abatement - Tampico Developments, LLC Crescent Oaks Section 2 (5 Year Residenital Property)RESOLUTION 3926-08 Passed by the Common Council of the City of South Bend, Indiana November 24, Attest: 08 20 City Clerk President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana November 25, 20 08 Approved and signed by me Novdmber 26 20 08 City Clerk RESOLUTION NO. ~~ Zb-~g A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS CRESCENT OAKS -SECTION 2 (A certain 80 lots located on approximately 19.9 acres approximately 693 feet east oflronwood Road, and lyin~ between Jackson Road and Kern Road) AS RESIDENTIALLY DISTRESSED AREAS 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 Lots 32 Address Tax Key#s 2322 Basin Street Unavailable for all lots. 33 2330 Basin Street 34 2338 Basin Street 35 2402 Basin Street 36 2408 Basin Street 37 2416 Basin Street 38 2424 Basin Street 39 2432 Basin Street 40 2440 Basin Street or 5511 Running Deer Drive 41 2323 Basin Street 42 2331 Basin Street 43 2339 Basin Street 44 2405 Basin Street 45 2413 Basin Street 46 2421 Basin Street 47 2429 Basin Street or 5469 Balboa Park Avenue 48 2428 St. Charles Avenue or 5461 Balboa Park Avenue 49 2420 St. Charles Avenue 50 2412 St. Charles Avenue 51 2404 St. Charles Avenue 52 2338 St. Charles Avenue 53 2330 St. Charles Avenue 54 2322 5t. Charles Avenue 55 2319 St. Charles Avenue ' 56 2327 5t. Charles Avenue 57 2335 St. Charles Avenue 58 2405 St. Charles Avenue 59 2411 St. Charles Avenue 60 2417 St. Charles Avenue 61 2423 St. Charles Avenue 62 2429 St. Charles Avenue 63 2435 St. Charles Avenue 64 2441 St. Charles Avenue 65 2447 St. Charles Avenue or 5373 Balboa Park Avenue 66 2511 St. Charles Avenue or 5418 Balboa Park Avenue 67 2519 St. Charles Avenue 68 2527 St. Charles Avenue or 5419 Iberville Drive 69 2609 St. Charles Avenue or 5420 Iberville Drive 70 2617 St. Charles Avenue 71 2625 St. Charles Avenue 72 2633 St. Charles Avenue 73 2641 St. Charles Avenue 74 2649 St. Charles Avenue 75 2657 St. Charles Avenue 76 2650 St. Charles Avenue or 5455 Julia Street 77 2642 St. Charles Avenue 78 2634 St. Charles Avenue 79 2626 St. Charles Avenue 80 2618 St. Charles Avenue 81 2610 St. Charles Avenue 82 2602 St. Charles Avenue 83 2534 St. Charles Avenue 84 2528 St. Charles Avenue 85 2520 St. Charles Avenue 86 2512 St. Charles Avenue 87 2504 St. Charles Avenue or 5458 Balboa Park Avenue 88 2509 Basin Street or 5464 Balboa Park Avenue 89 2517 Basin Street 90 2525 Basin Street 91 2533 Basin Street 92 2541 Basin Street 93 2549 Basin Street 94 2607 Basin Street 95 2615 Basin Street 96 2623 Basin Street 97 2631 Basin Street 98 2639 Basin Street 99 2647 Basin Street or 5463 Julia Street 100 2530 Basin Street or 5512 Running Deer Drive 101 2538 Basin Street 102 2546 Basin Street 103 2604 Basin Street 104 2612 Basin Street 105 2620 Basin Street 106 2628 Basin Street 107 2636 Basin Street 108 2644 Basin Street 109 5468 Julia Street 110 5460 Julia Street 111 5452 Julia Street all in Crescent Oaks -Section 2, South Bend, Indiana, and which is more particularly described as follows: LEGAL DESCRIPTION: CRESCENT OAKS, SECTION TWO (PROPOSED) A PARCEL OF LAND BEING A PART OF PARENT PARCEL 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, PENN TOWNSHIP, CITY OF SOUTH BEND, INDIANA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 32; THENCE SOUTH 00 DEGREES 16 MINUTES 29 SECONDS EAST ALONG THE WEST LINE OF SAID NORTHWEST QUARTER; A DISTANCE OF 1363.59 FEET TO THE NORTHWEST CORNER OF CRESCENT OAKS, SECTION ONE AS RECORDED UNDER INSTRUMENT NUMBER 0829850 IN THE OFFICE OF RECORDER OF SAID COUNTY; THENCE NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST ALONG THE BOUNDARY OF SAID CRESCENT OAKS, SECTION ONE, A DISTANCE OF 693.04 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST, A DISTANCE OF 177.14 FEET; THENCE NORTH 00 DEGREES 16 MINUTES 57 SECONDS WEST, A DISTANCE OF 125.00 FEET; THENCE NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST, A DISTANCE OF 232.00 FEET; THENCE SOUTH 85 DEGREES 49 MINUTES 53 SECONDS EAST, A DISTANCE OF 202.56 FEET TO THE POINT OF CURVATURE OF ANON-TANGENT CURVE, CONCAVE TO THE NORTHWEST, HAVING A RADIUS OF 2030.00 FEET AND A CHORD OF 158.81 FEET BEARING SOUTH 14 DEGREES 23 MINUTES O1 SECOND WEST; THENCE SOUTHWESTERLY ALONG SAID CURVE, A DISTANCE OF 158.85 FEET; THENCE SOUTH 82 DEGREES 47 MINUTES OS SECONDS EAST, A DISTANCE OF 138.79 FEET; THENCE SOUTH 88 DEGREES 33 MINUTES 39 SECONDS EAST, A DISTANCE OF 128.79 FEET; THENCE SOUTH 85 DEGREES 11 MINUTES 32 SECONDS EAST, A DISTANCE OF 50.18 FEET; THENCE NORTH 89 DEGREES 51 MINUTES 57 SECONDS EAST, A 3 DISTANCE OF 270.32 FEET; THENCE SOUTH 88 DEGREES 54 MINUTES 22 SECONDS EAST, A DISTANCE OF 60.01 FEET; THENCE SOUTH 87 DEGREES 44 MINUTES 44 SECONDS EAST, A DISTANCE OF 65.06 FEET; THENCE SOUTH 86 DEGREES 28 MINUTES 34 SECONDS EAST, A DISTANCE OF 60.12 FEET; THENCE SOUTH 00 DEGREES 08 MINUTES 03 SECONDS EAST, A DISTANCE OF 110.01 FEET; THENCE SOUTH 02 DEGREES 27 MINUTES 46 SECONDS EAST, A DISTANCE OF 77.59 FEET; THENCE SOUTH 00 DEGREES 08 MINUTES 02 SECONDS EAST, A DISTANCE OF 21.27 FEET; THENCE SOUTH 52 DEGREES 15 MINUTES 17 SECONDS EAST, A DISTANCE OF 153.53 FEET; THENCE SOUTH 02 DEGREES OS MINUTES 58 SECONDS EAST, A DISTANCE OF 68.80 FEET; THENCE SOUTH 35 DEGREES 37 MINUTES 17 SECONDS WEST, A DISTANCE OF 118.24 FEET; THENCE SOUTH 45 DEGREES 42 MINUTES 59 SECONDS WEST, A DISTANCE OF 113.98 FEET TO THE NORTH BOUNDARY OF DEER HOLLOW AS RECORDED UNDER INSTRUMENT NUMBER 0443949 IN THE OFFICE OF SAID RECORDER; THENCE SOUTH 89 DEGREES 51 MINUTES 58 SECONDS WEST ALONG SAID NORTH BOUNDARY AND THE NORTH BOUNDARY OF STONEHEDGE ESTATES, SECTION THREE, PART TWO AS RECORDED UNDER INSTRUMENT NUMBER 9516217 IN THE OFFICE OF SAID RECORDER, A DISTANCE OF 1317.09 FEET TO THE SOUTHEAST CORNER OF LOT 31 IN SAID CRESCENT OAKS, SECTION ONE; THENCE THE NEXT FIVE COURSE ALONG THE BOUNDARY OF SAID CRESCENT OAKS, SECTION ONE, EXCLUSIVE OF THE TEMPORARY TURNAROUND EASEMENTS: (1) NORTH 00 DEGREES 08 MINUTES 02 SECONDS WEST, A DISTANCE OF 130.01 FEET; (2) THENCE SOUTH 89 DEGREES 51 MINUTES 58 SECONDS WEST, A DISTANCE OF 10.93 FEET; (3) THENCE NORTH 00 DEGREES 08 MINUTES 02 SECONDS WEST, A DISTANCE OF 367.00 FEET; (4) THENCE NORTH 89 DEGREES 51 MINUTES 58 SECONDS EAST, A DISTANCE OF 9.51 FEET; (5) THENCE NORTH 00 DEGREES 08 MINUTES 02 SECONDS WEST, A DISTANCE OF 127.76 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED PARCEL CONTAINING 19.91 ACRES, MORE OR LESS. SUBJECT TO ANY EASEMENTS, COVENANTS, RESTRICTIONS, AND RIGHT OF WAY OF RECORD. and these lots which do not yet have individual tax key numbers but are part of the parent parcel with tax key number 26-1035-0589.02, be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et seq., 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 seQ., for tax abatement. 4 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. 5 Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of the adoption of the Declaratory Resolution by the Common Council. 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, 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 seq. 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. ~~ ~ . Member of the on Council Pf;~S~N1~ECi ;SOS, i'~PPROVE® 6 File In Clerk's Offlce OCT 2 3 2608 ~oxrr voosne CTf CLEP,K, SQ. E3~~lD, IN. 1200 CouNTY-CrrY BUILDING 227 W. JEFFERSON BOULEVARD SOLTFFI BEND, INDIANA 46601-1830 PxoNE574/235-9371 FAX 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY SL ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR October 23, 2008 Council Member Derek D. Dieter, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Real Property Tax Abatement Petition for: Tampico Developments, LLC -Crescent Oaks, Section 2 Dear Council Member Dieter: Please find attached the Department of Community & Economic Development's report on a residential real property tax abatement petition submitted by Brian Miller of Tampico Developments, LLC. They intend to develop the undeveloped agricultural property into eighty residential lots located within Crescent Oaks, Section Two. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the department's findings relative to the above petition. The petitioner proposes to develop the eighty lots at a cost of $12,290,000. The project meets the qualifications fora (5) five-year real property tax abatement. The petitioner will be available to meet with the Committee on Monday, November 10, 2008. 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 235-5835. Sincerely, Bob Mathia Assistant Director, Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks Flletl n it C erk'e office OCT 2 3 2008 JOHN VOORDE CITY CtERK, S0. BENO, IN. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 ELIZABETH LEONARD FAx: 574/235-9697 574/235-9371 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOU77-I BEND, INDtANA 46601-1830 PxoNE574/235-9371 Fax 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~ ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: TAMPICO DEVELOPMENTS, LLC -CRESCENT OAKS, SECTION 2 DATE: October 23, 2008 On October 22, 2008, a petition for residential tax abatement consideration for un-platted real property located approximately %2 mile south of the intersection of Jackson and Ironwood Roads on the east side of Ironwood (NW 1/4, Section 32, T37N, R3E) was filed with the City Clerk by Brian Miller of Tampico Developments, LLC. Pursuant to Chapter 2, Article 6, Section 2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT DESCRIPTION Tampico Developments, LLC of 828 East Jefferson Boulevard, South Bend, IN intends to develop 19.9 acres of agricultural farmland into 80 residential lots. The lots will be located within the proposed development called Crescent Oaks, Section 2. The development will include approximately 3,798 linear feet of public streets, a roundabout, a park and common area and the associated public and private utilities. The homes will be built by Weiss Homes and will range in size from 1,200 to 2,300 square feet and will include basements. The estimated average price of a home is $163,000. Total taxes to be abated during the (5) five-year abatement period on one home are estimated at $10,308. Total taxes to be paid during the (5) five-year abatement period on one home are estimated at $2,022. For 80 homes, the taxes abated would be $662,866 for five years and the taxes paid would be $161,784 for five years. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 5741235-9371 ELIZABETH LEONARD FAX: 574/235-9697 5741235-9371 South Bend Common Council RE: Tampico Developments, LLC October 23, 2008 Page 2 ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted, finds that the petitioner, Tampico Developments, LLC, has been associated with or granted the previous tax abatements. Term/Twe Resolution No. Date 5 year real property 3352-04 07/12/04 S year real property 3398-04 10/25/04 5 year real property 3480-OS 07/08/05 5 year real property 3862-08 05/12/08 2. The Building Commissioner has reviewed this petition and finds the properties to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is not located in any of the development areas; therefore, approval of the tax abatement petition by the South Bend Redevelopment Commission is not required. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications fora (5) five-year residential tax abatement under Section 2-77.1, Single Family Residential Construction. Filed ltt Cl~r~'d G~~i~~ OCT 2 3 2Q~~3 ,)!'iii'! VOQ~G~ 5 YEAR 23-Oct-08 TAMPICO DEVELOPMENTS, LLC South Bend Penn Township Residential Real Property Tax Abatement Schedu/e* Estimated Project Cost: Assessed Value: STRUCTURE (% AV of cost) 8 0°° LAND Value _10,000,x. Gross Assessed Value Less Mortgage Exemption Less Homestead Deduction Less Supplemental Homestead Deduction Base Assessed Value 163.000.00 i Total Taxes Tax Abated** Tax Paid*** 138,550.00 138,550.00 138, 550.00 10,000.00 N/A N/A 148,550.00 138,550.00 138,550.00 (3,000.00) (3,000.00) (3,000.00) (45,000.00) (45,000.00) {45,000.00) (35,192.50) (35,192.50) (35,192.50) 65,357.50 55,357.50 55,357.50 Less Maximum Abatement Deduction Less Non-Abated Amount Plus Land Assessed Value Net Assessed Value Prooerty Taxes: Assume constant tax rate of N/A N/A (55,357.50) N/A 0.00 N/A N/A N/A 10,000.00 65,357.50 55,357.50 10,000.00 4.4984% 4.4984% 4.4984% Gross Tax (tax rate x net assessed value) 2,940.04 2,490.20 449.84 Less State & County Homestead Credit: 0.4538% (296.59) (251.21) (45.38) Tax Due Before Circuit Breaker 2,643.45 2,238.99 404.46 Less Circuit Breaker Credit (581.82) (581.82) 0.00 Net Tax 2,061.63 1,657.17 404.46 Circuit Breaker Cap Circuit Breaker Debt Service Circuit Braker Cap 1.0000% 1,485.50 1,385.50 1,485.50 0.8815% 576.13 487.98 88.15 2,061.63 1,873.48 1,573.65 Year Net Assessed Value Total Taxes Due Tax Abated Tax Paid 1 65,357.50 2,061.63 1,657.17 404.46 2 65,357.50 2,061.63 1,657.17 404.46 3 65,357.50 2,061.63 1,657.17 404.46 4 65,357.50 2,061.63 1,657.17 404.46 5 65,357.50 2,061.63 1,657.17 404.46 5 year totals: 10,308.13 8,285.83 2,022.30 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at $74,880 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of $74,880 and adding back the land assessed value. a 00 `- ' o a O o u N ~ ~~ M ~~ O ~ ~ N ~ F- U o '' i „~ O ~i .... ca .„,. Li. ESTIMATED TOTAL TAX REVENUE Tampico Developments, LLC 80 lots LAND" BUILDINGS"* TOTAL Year 1 $1,324 $31,033 $32,357 Year 2 1,324 31,033 32,357 Year 3 1,324 31,033 32,357 Year 4 1,324 31,033 32,357 Year 5 1,324 31,033 32,357 Total $6,620 $155,165 $161,785 "Current tax levy for the 19.9 acres ""Includes 80 houses. ~ii>^~ 1 Ct~rk'~ ®ffece ~ CT 2 3 2008 ~o~ltl voo^+~ar CITY Clr:%X, ~0. QEt1D, I:V. CITY OF SOUTH BEND, INDIANA PETITION FOR RE5IDENTiAL TAX ABATEMENT CONSIDERATION The undezsigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend fox Residential Real Property tax abatement consideration and pursuant to LC.; 6-1.1-12.1-1, et se .and South Bend Municipal Code Sec. 2-76 et sect.., fox this petition states the following: 1. Describe the proposed construction project, including information about square footage, numbers of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to a importance of the project {use additional sheet for long project descriptions): 11~.F P2nPas~D CrnrCat~ - r~n~Ly ,C~.--S-O/=...~i~h-t~ o~~(,Ea.op~'V:-~.lf-- t5 ~~e.-~7on..+ -j-v~Jc7 a,F f~ /tllJr--~l- S~~-i7on~ D,EJ~toPME~•1r'- h/r~i-tcc{- QL~L.,M.~ +,~ ~'A.2L~! 2~a'~3. <Gct10nJ ^-~ o r Nu..~ ~~„~. $ ~ 1.-~> i S o N (R ~, f'~c-2F~S '3 7 °! °o U NL~A-2. FF~'t"' pF- N,E r~ C~JCSLrG. S'i~.F-r"S r~_ A.ovuo R~3o~', At f~ArL~ I~,~o ~aManon.~ ~~} ~ q.~D Tl-t~- f~SSoc.~A-:!D_Pu~uC..__A-~QJ°•e•JA~'7~ UT"1LIi"7~-.S. i-4~onnr~S Wc~t. /u4n~6,~. !N Srz.~ F2aM t,2Qo ra 2~30o sa. r=i' : A~;a ~/~c.~. -~cwA~~ r3A~~+~~•rS , 2. Estimate the dollar value of the conshuction project {do not include land cost): $ !Z ~24~, OOo 3. The Teal property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporations (ifthe business organization is publiclyheld,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): Address ~ " Interns $ZP~ C-A~S't" 56FFEl25~tJ ~,/A, t c~~ 4. The commonly known address of the Property is: ~+~P ~-~qct-1..~D S~,F~T-S and having tax key no.: 2fe" 135- 05$~T .coZ''~ (use additional sheet for multiple addresses or key numbers). '+ ~-x try ~ ot= Pa~~,,.~- P~~... 5. A legal description of said Property(s) is attached hereto, marked Exhibit "A", and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit "B", and is incorporated herein. 7. The current assessed valuation of the property before construction is $ mil, 8ye~'~` (use additional sheet for multiple addresses). (This information may be obtained from the St. Joseph County Assessor's Office 235-9523) .~ (~SS,~~S~p of PA~nrs- PA2cF~ KA+tt~G /k 'C~'f l.o. tf: 01' Zto- Io3 Gt°S~- °c~z~Sll 8. Photographs of the Property, taken within two (2} weeks of the filing of this petition, are attac~iec~teretd marked Exhibit "C", and incorporated herein. 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 additionsheet for multiple addresses): ~?~-'~-~ ~a2 t Na~.-~e~A-~-- c-aT5 7~n r„ -r.~x.~ ~ a~ 0 20-7 = 2,?°f9 . t3 ~R, s~ ~- f31~ ~~ ~~~ -~ L~'` A-ssr=ssF-~D . 9tic~ S' l'~.~~~ pd_.n ~.~n! ~ 11. ~I GAG. r2 naa n / ~ ~. ~SS,~j g Q 1 ~-+.1E.~) (This information maybe obtained from the St. Jose h County Treasurers office 235-9531) t~STFa "74~c tNF.~(IM~4T"-orvl IS Fog ~`A-X I.iJ. ~ 2!Q-Io3S-r~S34.oZ. W~c_It- is ~ 89 ASS. 10. What is your best estimate of the after completion market value of the property: $ j 3 X040, oo-o 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 permit has already been issued}. The signature below is verification of this statement. 12. List o ther a nticipated p ublic f financing f or t he p roj ect, i ncluding a ny a ssistance t u b e s ought o r 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, 7oseph County Housing Consortium or other public financial assistance, including but not limited to public works improvements: l~on,1F' 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 ~es and prevent a normal development of the property: _i t---ts AKa.-~_.M~NT ce r~~~pba p~~ -ro Nn~p~.J~u~P~r.~ (.~.a~ -~./o~~•..r 'Tsp. Gte-T Vtl~1Gt-F ES (~2~Ao5Fty A3 A' MVt.,Ti- S~i7o~ SiuG,tE- F.4.M~~.y R~SrOEaJTt~4t.~. ~'al3c~~d~Sro+~ H-rs PRdp~.h~r-mil u~/`~}-S ~ni~J~,~c,~n ~N~ ~F c.n~~l (~;wF.En./ ibl~bo-tq~ „~'Nb ~-I.A-S S,aJC~. REnrtA-~rJEi7 VNt>~JE~P~ A~,2tc.y~.~.~/1./k!. ARoPF..2r->i +~~ (}QR-iF n,~~" Wc~i... ~i4 ti~ T~- MRS-~'+...~. a-•~~ SE.wi.JG, oF- i~a.G c..o~-S . 14. The current use of the property is ~G,2tW~~~a./~-~-~ 4~A~-ter LA.,.J.p and the current zoning is ~ t (use) and rt,~_ (height and area). (This information maybe 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): i ti. The following person should be contacted as the petitioners agent regarding additional information and public hearing notifications: Name Addre~ City, Telephone L574) Z3z- g~~a WHEREFORE, Petitioner has paid the required fee of $Sfl.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 th qualifications for a residentially distressed area have been met, and confirm such resolution. ''(Name of Property Owner(s): .1/y,MPIGa '~JEtxJPM.~/i S~ LJ~-G By: ~~e~k's (3~~3C~ (Signature) ~ i! ~ r~ !n t h ~ !r I ~ t~.c,F.2 . ~i c.~. P2~ 5, d r (~jDyt.~-.-~a,JS/ ~ ;"~'; (Typed ar printed name and capacity) ~~ ,, ~ _. ~JE,ss. l~arvi~s,rric ~_~ ~~ CITY Cl~.r;K, `=::. ~~~.:. , Property Addresses (Yet to be Assigned) Crescent Oaks, Section Two (Proposed) Lots Address Tax Key #s 32 Basin Street Unavailable for all lots. 33 Basin Street 34 Basin Street 35 Basin Street 36 Basin Street 37 Basin Street 38 Basin Street 39 Basin Street 40 Basin Street or Running Deer Drive 41 Basin Street 42 Basin Street 43 Basin Street 44 Basin Street 45 Basin Street 46 Basin Street 47 Basin Street or Balboa Park Avenue 48 St. Charles Avenue or Balboa Park Avenue 49 St. Charles Avenue 50 St. Charles Avenue 51 St. Charles Avenue 52 St. Charles Avenue 53 St. Charles Avenue 54 St. Charles Avenue 55 St. Charles Avenue 56 St. Charles Avenue 57 St. Charles Avenue 58 St. Charles Avenue 59 St. Charles Avenue 60 St. Charles Avenue 61 St. Charles Avenue 62 St. Charles Avenue 63 St. Charles Avenue 64 St. Charles Avenue 65 St. Charles Avenue 66 St. Charles Avenue or Balboa Park Drive 67 St. Charles Avenue 68 St. Charles Avenue or Iberville Drive 69 St. Charles Avenue or Iberville Drive 70 St. Charles Avenue 71 St. Charles Avenue 72 St. Charles Avenue 73 St. Charles Avenue 74 St. Charles Avenue 75 St. Chazles Avenue 76 St. Chazles Avenue or Julia Street 77 St. Chazles Avenue 78 St. Charles Avenue 79 St. Charles Avenue 80 St. Charles Avenue 81 St. Charles Avenue 82 St. Charles Avenue 83 St. Charles Avenue 84 St. Charles Avenue 85 St. Charles Avenue 86 St. Charles Avenue 87 St. Charles Avenue or Balboa Pazk Avenue 88 Basin Street or Balboa Pazk Avenue 89' Basin Street 90 Basin Street 91 Basin Street 92 Basin Street 93 Basin Street 94 Basin Street 95 Basin Street 96 Basin Street 97 Basin Street 98 Basin Street 99 Basin Street or Julia Street 100 Basin Street or Running Deer Drive 101 Basin Street 102 Basin Street 103 Basin Street 104 Basin Street 105 Basin Street 106 Basin Street 107 Basin Street 108 Basin Street 109 Basin Street 110 Julia Street 111 Julia Street F~j~'~ !n ~,n~`''`~ '1r~fifRG~ ~----- C.T ._ ~c~,~ va;;~c~ • The tax key number of the parent pazcel is 26-1035-0589.02. Tax key numbers for the individual lots included within Crescent Oaks, Section Two will be assigned by the County Auditor's office after the Secondary Plat is recorded. F: IProjectslM7-07841Tax Abatementltax abatement -secs 2 -properly addresses & tax key mrmbers.doc EXHIBIT "A" LEGAL DESCRIPTION: CRESCENT OAKS, SECTION TWO (PROPOSED) -TAX ABATEMENT A PARCEL OF LAND BEING A PART OF PARENT PARCEL 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, PENN TOWNSHIP, CITY OF SOUTH BEND, INDIANA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 32; THENCE SOUTH 00 DEGREES 16 MINUTES 29 SECONDS EAST ALONG THE WEST LINE OF SAID NORTHWEST QUARTER; A DISTANCE OF 1363.59 FEET TO THE NORTHWEST CORNER OF CRESCENT OAKS, SECTION ONE AS RECORDED UNDER INSTRUMENT NUMBER 0829850 IN THE OFFICE OF RECORDER OF SAID COUNTY; THENCE NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST ALONG THE BOUNDARY OF SAID CRESCENT OAKS, SECTION ONE, A DISTANCE OF 693.04 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST, A DISTANCE OF 177.14 FEET; THENCE NORTH 00 DEGREES 16 MINUTES 57 SECONDS WEST, A DISTANCE OF 125.00 FEET; THENCE NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST, A DISTANCE OF 232.00 FEET; THENCE SOUTH 85 DEGREES 49 MINUTES 53 SECONDS EAST, A DISTANCE OF 202.56 FEET TO THE POINT OF CURVATURE OF ANON-TANGENT CURVE, CONCAVE TO THE NORTHWEST, HAVING A RADNS OF 2030.00 FEET AND A CHORD OF 158.81 FEET BEARING SOUTH 14 DEGREES 23 MINUTES O1 SECOND WEST; THENCE SOUTHWESTERLY ALONG SAID CURVE, A DISTANCE OF 158.85 FEET; THENCE SOUTH 82 DEGREES 47 MINUTES OS SECONDS EAST, A DISTANCE OF 138.79 FEET; THENCE SOUTH 88 DEGREES 33 MINUTES 39 SECONDS EAST, A DISTANCE OF 128.79 FEET; THENCE SOUTH 85 DEGREES 11 MINUTES 32 SECONDS EAST, A DISTANCE OF 50.18 FEET; THENCE NORTH 89 DEGREES 51 MINUTES 57 SECONDS EAST, A DISTANCE OF 270.32 FEET; THENCE SOUTH 88 DEGREES 54 MINUTES 22 SECONDS EAST, A DISTANCE OF 60.01 FEET; THENCE SOUTH 87 DEGREES 44 MINUTES 44 SECONDS EAST, A DISTANCE OF 65.06 FEET; THENCE SOUTH 86 DEGREES 28 MINUTES 34 SECONDS EAST, A DISTANCE OF 60.12 FEET; THENCE SOUTH 00 DEGREES 08 MINUTES 03 SECONDS EAST, A DISTANCE OF 110.01 FEET; THENCE SOUTH 02 DEGREES 27 MINUTES 46 SECONDS EAST, A DISTANCE OF 77.59 FEET; THENCE SOUTH 00 DEGREES 08 MINiJTES 02 SECONDS EAST, A DISTANCE OF 21.27 FEET; THENCE SOUTH 52 DEGREES 15 MINUTES 17 SECONDS EAST, A DISTANCE OF 153.53 FEET; THENCE SOUTH 02 DEGREES OS MINUTES 58 SECONDS EAST, A DISTANCE OF 68.80 FEET; THENCE SOUTH 35 DEGREES 37 MINUTES 17 SECONDS WEST, A DISTANCE OF 118.24 FEET; THENCE SOUTH 45 DEGREES 42 MINUTES 59 SECONDS WEST, A DISTANCE OF 113.98 FEET TO THE NORTH BOUNDARY OF DEER HOLLOW AS RECORDED UNDER INSTRUMENT NUMBER 0443949 IN THE OFFICE OF SAID RECORDER; THENCE SOUTH 89 DEGREES 51 MINUTES 58 SECONDS WEST ALONG SAID NORTH BOUNDARY AND THE NORTH BOUNDARY OF STONEHEDGE ESTATES, SECTION THREE, PART TWO AS RECORDED UNDER INSTRUMENT NUMBER 9516217 IN THE OFFICE OF SAID RECORDER, A DISTANCE OF 1317.09 FEET TO THE SOUTHEAST CORNER OF LOT 31 IN SAID CRESCENT OAKS, SECTION ONE; THENCE THE NEXT FIVE COURSE ALONG THE BOUNDARY OF SAID CRESCENT OAKS, SECTION ONE, EXCLUSIVE OF THE TEMPORARY TURNAROUND EASEMENTS: (1) NORTH 00 DEGREES 08 MINUTES 02 SECONDS WEST, A DISTANCE OF 130.01 FEET; (2) THENCE SOUTH 89 DEGREES 51 MINUTES 58 SECONDS WEST, A DISTANCE OF 10.93 FEET; (3) THENCE NORTH 00 DEGREES 08 MINiJTES 02 SECONDS WEST, A DISTANCE OF 367.00 FEET; (4) THENCE NORTH 89 DEGREES 51 MINUTES 58 SECONDS EAST, A DISTANCE OF 9.51 FEET; (5) THENCE NORTH 00 DEGREES 08 MINUTES 02 SECONDS WEST, A DISTANCE OF 127.76 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED PARCEL CONTAINING 19.91 ACRES, MORE OR LESS. SUBJECT TO ANY EASEMENTS, COVENANTS, RESTRICTIONS, AND RIGHT OF WAY OF RECORD. LEGAL DESCRII'TION HEREIN PREPARED BY AARON W. BLANK, REGISTERED LAND SURVEYOR, INDIANA LICENSE N-UMBER 20200020, EMPLOYED BY ABONMARCHE CONSULTANTS OF INDIANA, LLC, FOR TAMPICO DEVELOPMENTS, L.L.C., ON OCTOBER 17, 2008. F:\Projects\M7-07841SurveyU.egals\Crescent Oaks, Section 2 -Tax Abatement.doc FE~~~ !~ Clcr~~'~ O~fi~ce r.'~~ ,lO~M VO~RDE CITY CLERK, i0. fZEIlD, IN.