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City of South Bend�,LT,r�� <br />4 <br />Petition for Incentives <br />Petition mast include x$250 flliftg fee poyabie to the Clay Clerk s office or online vid the "City`s website a; <br />/aG9 <br />http// southbenJ (n.gcy /gavemrnent /cronfeet /tux- c6aiemenibefore processing can be complete <br />compam prokct anawnYthe Great Lakes Capital ( "GLC "), the sponsor /affilate of GLC 8BDC II, LLC, is.a real estate <br />propOolsnetessaryfar "` development firm with experience in public- private development initiatives. The proposed <br />economme%wt(i " project involves an investment of between $7.5 and $8.5 million in the property <br />acquisition, development and construction of a new commercial distribution facility <br />containging approximately 210,000 square foot (or more) together with related site <br />improvements (paving /parking, etc.). The applicant is proposing to make this ihvestment <br />to construct "spec space" which would be readily available to serve arid support the <br />needs of commercialldistrubiton users considering South Bend as a business site. This <br />investment will also serve to continue to support the City's initiatives. to (a) have move -in <br />ready options for prospective third -party businesses searching for commercial /distribution <br />space in the City, and (b) support the overall ability to attract and retain businesses to the <br />city, Filed in Cler <br />C ertifiedTechaolojyParkapprapriate; N/A <br />Is the project hi a Tax IneremeMal Bnandng" 0 <br />Yes (Airport Economic Development Area) <br />certifythatthe8u11dfii Permithaspritbeen NumbercfresldeMglunitsceatedby <br />No permit issued e.F N!A (0) <br />KARE <br />If this Is a petition for personal property tax abstinent has N/A <br />i CITY CLERK, SOl <br />Irvestment Details - <br />PAUcinfiastnicWreneeas'(Ofi' <br />NasanyW4funaingbeen <br />What lst hevalueafarryequipmpntb eingpuid,asedin <br />WhstisthevalueofairyequlpmeKbeing <br />slteofpibjettlndallirs) <br />retehred� <br />Indiana for the project? <br />purchased fro out ofstate ("e- pr4act7 <br />m <br />N/A <br />N/A <br />N/A <br />Office <br />16 <br />BEND. IN <br />