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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />August 3, 2016 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <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 />Flied In Clerk's Office <br />AUG 0 3 2016 <br />IAEEUTAH FOWLER <br />CITY CLERK, SOUTH END, IN <br />RE: Transfer of Real Property Tax Abatement for: SBG Realty, LLC <br />Dear Council Member Ferlic: <br />On January 24, 2011, Resolution No. 4075 -11 was adopted, designating 3849 Showerlux <br />Drive, South Bend, IN 46628 as an Economic Revitalization Area for purposes of an <br />eight (8) year real property tax abatement. Somaschini North America has since taken <br />full ownership of SBG Realty, LLC, dissolved the original partnership, and kindly <br />requests the existing eight (8) year real property tax abatement be transferred coley to <br />Somaschini North America. Upon transfer, Somaschini North America agrees to and <br />assumes all of the previously approved targets regarding, private investment, job creation, <br />etc. <br />Should you or any of the other Council members have any questions concerning the <br />report, or need additional information, please feel free to call me at 235 -5823. <br />Sincerely, <br />Aaron Kobb <br />Director of Economic Resources <br />PLANNING <br />NEIGHBORHOOD ENGAGEMENT <br />BUSINESS DEVELOPMENT <br />ECONOMIC RESOURCES <br />TIM CORCORAN <br />PAMELA C. MEYER <br />BRIAN PANVLOWSKI <br />AARON KOBB <br />