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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDLWA 46601-1830 <br />PHONE 574/ 235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY HL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />EQUAL DEVELOPMENT, LLC/PRAIRIE APARTMENTS HOUSING <br />PARTNERS II, LP (PRAIRIE APARTMENTS -PHASE II) <br />DATE: October 12, 2009 <br />On October 12, 2009, a petition for multi-family real property tax abatement consideration for property <br />located behind 2630 Prairie Avenue (Phase One's address) was filed with the City Clerk by Equal <br />Development, LLC/Prairie Apartments Housing Partners II, LP. Pursuant to Chapter 2, Article 6, Section <br />2-77:1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of <br />Community and Economic Development for purposes of investigation and preparation of a report <br />determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and <br />whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT DESCRIPTION <br />The petitioners intend to construct a 96-unit, multi-family housing project which will contain two-story <br />frame buildings featuring one, two, three, and four bedroom units. Each unit will provide residents with a <br />full-size washer and dryer, exterior storage, patios or balconies, walk-in closets, built-in dishwasher, <br />window blinds, wall-to-wall carpeting, central air, garbage disposal, cable hook-ups, and high-speed <br />Internet access. Each unit will also have afirst-floor exterior entrance; garages will be available to <br />residents for an additional fee. Phase I of the development already features a large clubhouse with <br />managers' offices, community room, community TV with cable, fitness room, computer room, and a <br />kitchen area. Equal Development, LLC currently owns the property and intends to convey it to Prairie <br />Apartments Housing Partners II, LP. The estimated cost of Phase II construction is $8,000,000. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />5741235-9660 5741235-9371 ELIZABETH LEONARD <br />Fax: 574/235-9697 574/235-9371 <br />