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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />January 3, 2017 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />Mr. Tim Scott, President <br />South Bend Common Council <br />4th Floor County -City Building <br />South Bend, IN 46601 <br />RE: Commerce Center <br />Dear President Scott: <br />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <br />Filed in Clerk's Office <br />KAREENMAH FOWLER <br />CITY CLERK, SOUTH REND, IN <br />Attached for the Common Council's consideration is a resolution which outlines the Council's <br />support of the compromise agreement reached between the City and David Matthews on the <br />Commerce Center project. The agreement provides for a nine story maximum building height with <br />increased public /green space along the East Race area and a parking garage. The City will ask for <br />Council approval of a ten year tax abatement and request $5 million in TIF from the <br />Redevelopment Commission. The City has determined that this agreement is the most effective <br />and financially viable compromise available. <br />This resolution, in conjunction with Council support for the tax abatement, will serve as a notice <br />of the Council's support for the agreement, including the height of the structure, when it goes <br />before the Area Board of Zoning Appeals for approval of the height variance required for the <br />project. <br />Thank you for your consideration. I will attend the Committee and Council meetings to address any <br />questions. <br />Sincerely <br />ows <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ADMINISTRATION & FINANCE ECONOMIC RESOURCES <br />TIM CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI ELIZABETH LEONARD INKS AARON KOBB <br />