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1200 CouNTY-CrrY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOLTFFI BEND, INDIANA 46601-1830 <br />PxoNE574/235-9371 <br />FAX 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY SL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />October 23, 2008 <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Residential Real Property Tax Abatement Petition for: <br />Tampico Developments, LLC -Crescent Oaks, Section 2 <br />Dear Council Member Dieter: <br />Please find attached the Department of Community & Economic Development's report on a residential <br />real property tax abatement petition submitted by Brian Miller of Tampico Developments, LLC. They <br />intend to develop the undeveloped agricultural property into eighty residential lots located within <br />Crescent Oaks, Section Two. Also attached is a copy of the petition, Statement of Benefits form, and <br />supporting information. <br />The report contains the department's findings relative to the above petition. The petitioner proposes to <br />develop the eighty lots at a cost of $12,290,000. The project meets the qualifications fora (5) five-year <br />real property tax abatement. The petitioner will be available to meet with the Committee on Monday, <br />November 10, 2008. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5835. <br />Sincerely, <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />Flletl n it C erk'e office <br />OCT 2 3 2008 <br />JOHN VOORDE <br />CITY CtERK, S0. BENO, IN. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD <br />FAx: 574/235-9697 574/235-9371 <br />