HomeMy WebLinkAboutConfirming Tax Abatement - Vacant land immediately behind 2630 Prairie Ave (Prairie Apartments - Phase II) - Prairie Apartments Housing Partners II, LPRESOLUTION
4000-09
Passed by the Common Council of the City of South Bend, Indiana
November 9, 09
Zo
Attest:
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
November 10, 20 09
Approved and signed by me November 10, 20 0~ .
,~„~,~.
City Clerk
RESOLUTION NO. ~ o~---05
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
VACANT LAND IMMEDIATELY BEHIND 2630 PRAIRIE AVENUE
(PRAIRIE APARTMENTS -PHASE II)
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A (10) TEN-YEAR REAL
PROPERTY TAX ABATEMENT FOR
PRAIRIE APARTMENTS HOUSING PARTNERS II, L.P.
WHEREAS, the Common Council of the City of South Bend, Indiana, has
adopted a Declaratory Resolution designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
Vacant Land Immediately Behind 2630 Prairie Avenue (Prairie Apartments -Phase II),
South Bend, Indiana, and which is more particularly described as follows:
Outlot B Hollingsworth Prairie Avenue, Minor Subdivision, Instr. #0654912
and which has Key Number 018-8153-5514.05, as an Economic Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5;
and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrance's and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for Real property tax abatement only and
is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted Real property tax deduction for a period of (10) ten years, and
further determines that the petition, the Memorandum of Agreement between the
Petitioner and the City of South Bend, and the Statement of Benefits comply with
Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code
6-1.1-12 et seq.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Member of the Common Council
PRESEN7Ep ~, l"~ `~~
NOT APPROVED
ADOPTED ~l ~.Q
OCT 1 5 20C9
Jq;i~l VggP~JE
CITY CLc~,R, SLR. SEF:D, IN.
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
PHONE 574/235-937]
Fnx 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY HL ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
October 12, 2009
Council Member Timothy Rouse, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Commercial Real Property Tax Abatement Petition for:
EQUAL DEVELOPMENT, LLC/PRAIRIE APARTMENTS HOUSING PARTNERS II, LP
Dear Council Member Rouse:
Please find attached the Department of Community & Economic Development's report on a commercial
real property tax abatement petition from the above-referenced petitioners for the construction of Phase
II of Prairie Apartments, amulti-family residential facility. Phase II is located behind 2630 Prairie
Avenue (Phase One's address). Also attached is a copy of the petition, Statement of Benefits form, and
supporting information.
The report contains the department's findings relative to the above petition. The petitioners propose to
construct a total of 96 one, two, three, and four bedroom units. The petitioners are seeking a (10) ten-
year real property tax abatement. The current owner of the property, Equal Development, LLC, intends
to convey it to Prairie Apartments Housing Partners II, LP. A representative of the petitioners will be
available to meet with the Committee on Monday, October 26, 2009.
Should you or any of the other Council members have any questions concerning the report, or need
additional information, please feel free to call me at 235-5835.
Sincerely,
Bob Mathia
Assistant Director,
Economic Development
Attachments
cc: South Bend Common Council Members
Mayor Stephen Luecke
Jeffrey Gibney
Don Inks
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HC PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
5741235-9660 574/235-9371 ELIZABETH LEONARD
FAX: 574/235-9697 574/235-9371
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
PHONE 574/ 235-9371
Fax 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY HL ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: BOB MATHIA
SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR:
EQUAL DEVELOPMENT, LLC/PRAIRIE APARTMENTS HOUSING
PARTNERS II, LP (PRAIRIE APARTMENTS -PHASE II)
DATE: October 12, 2009
On October 12, 2009, a petition for multi-family real property tax abatement consideration for property
located behind 2630 Prairie Avenue (Phase One's address) was filed with the City Clerk by Equal
Development, LLC/Prairie Apartments Housing Partners II, LP. Pursuant to Chapter 2, Article 6, Section
2-77.1 of the Municipal Code of the City of South Bend, this petition was referred to the Department of
Community and Economic Development for purposes of investigation and preparation of a report
determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and
whether all zoning requirements have been met.
The Department of Community and Economic Development has reviewed the petition (a copy of which is
attached), investigated the area, and makes the following report.
PROJECT DESCRIPTION
The petitioners intend to construct a 96-unit, multi-family housing project which will contain two-story
frame buildings featuring one, two, three, and four bedroom units. Each unit will provide residents with a
full-size washer and dryer, exterior storage, patios or balconies, walk-in closets, built-in dishwasher,
window blinds, wall-to-wall carpeting, central air, garbage disposal, cable hook-ups, and high-speed
Internet access. Each unit will also have afirst-floor exterior entrance; garages will be available to
residents for an additional fee. Phase I of the development already features a large clubhouse with
managers' offices, community room, community TV with cable, fitness room, computer room, and a
kitchen area. Equal Development, LLC currently owns the property and intends to convey it to Prairie
Apartments Housing Partners II, LP. The estimated cost of Phase II construction is $8,000,000.
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235-9660 574/235-9371 EEIZAaErt+ LEONARD
PAX: 574/235-9697 574/235-9371
South Bend Common Council
RE: Equal Development, LLC/Prairie Apartments Housing Partners II, LP
October 12, 2009
Page 2
Total taxes to be abated during the (10) ten-year abatement period are estimated at $1,000,754. Total taxes
to be paid during the (10) ten-year abatement period are estimated at $1,417,359.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted finds that the petitioner has not been associated with
or been granted any previous tax abatements. However, an associate business, Prairie Apartments
Housing Partners, LP,* was granted a tax abatement for Phase I of the development as follows:
Term/Type Resolution No. Date
10-year real property 3711-07 2/26/2007
2. The Building Commissioner has reviewed this petition and finds the property to be properly zoned for
the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property is not located in
any of the development areas; therefore, approval of the tax abatement petition by the South Bend
Redevelopment Commission is not required.
4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the
qualifications fora (10) ten-year real property tax abatement under Section 2-77, Multi-Family
Residential Developments.
* Equal Development, LLC, Prairie Apartments Housing Partners II, LP and Prairie Apartments Housing
Partners, LP are controlled by William Hollingsworth, Principal at Equal Development.
12-Oct-09
PRAIRIE APARTMENTS -PHASE II
Public Benefit Points Summary"
Qualify Earned Available
Public Benefit Item: Y or N Points Points
Project Related:
1. A. Redevelop a Site that has Special Needs N 0 49
B. Develop Based on Local University Research N 0 35
C. Achieve a Physical Element of a Plan Y 36 36
Sub-total Project Related: 36 120
2. Super Size Proiects (point values are cumulative):
A. 100% to 199% Y 25 25
B. 200% to 299% Y 68 68
C. 300% to 399% Y 65 65
D. 400% and Over Y 52 52
Sub-total Super Size Projects: 210 210
3. Construction Related:
A. Employ Local Companies N 0 20
B. Purchase Materials from Local Companies N 0 20
C. Require Employees vs. Independent Contracts N 0 19
D. Require Target Wage Levels N 0 22
E. Require Health Benefits N 0 22
F. Require Pension Benefits N 0 18
G. Maintain Affirmative Action Plan N 0 20
Sub-total Construction Related: 0 141
4. Wage 8~ Benefit Related:
A. PayTarget Wage Levels Y 33 33
B. Provide Health Benefits Y 34 34
C. Provide Pension Benefits Y 29 29
D. Provide Training Y 28 28
E. Provide Child Care N 0 15
F. Provide Transportation Assistance N 0 14
G. Provide Employer Assisted Housing program N 0 9
0
Sub-total Wage & Benefit Related: 124 162
5. Workforce Related:
A. Create New Jobs Y 42 42
B. Retain Existing Jobs Y 41 41
C. Maintain Affirmative Action Plan N 0 35
D. Provide Targeted Hiring Preference N 0 34
Sub-total Workforce Related: 83 152
6. Pav for Municipal Infrastructure: (point values are cumulative):
A. Pay for Oversizing or Upgrading N 0 14
B. Pay for 26-50% of Extension Cost N 0 26
C. Pay for 51-75% of Extension Cost N 0 39
D. Pay for 76-100% of Extension Cost N 0 52
Sub-total Infrastructure Related: 0 131
7. Support a Municipal Facility:
A. Support a Municipal Facility N 0 84
Total Public Benefit Points: 453 1000
Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
PRAIRIE APARTMENTS -PHASE II
Additional Years of Abatement
Multi-family Development Proiects:
From To Additional Years
0 141 0
142 183 1
184 225 2
226 267 3
268 309 4
310 351 5
352 393 6
394 & over 7
Other Development Proiects:
From To Additional Years
0 300 0
301 357 1
358 414 2
415 471 3
472 528 4
529 585 5
586 642 6
643 1000 7
Subtotal from Points Summary: 453
Base Years of Abatement
Additional Years of Abatement:
Total Years of Abatement: 10
10 YEAR
9-Oct-09
PRAIRIE APARTMENTS HOUSING PARTNERS II, LP
South Bend Portage Township
Real Property Tax Abatement Schedule'
Assessed Value:
Current Assessed Value
Base Assessed Value
Les6 Abatement Deduction
Net Assessed Value
Prooertv Taxes:
Assume constant tax rate of
Gross Tax (tax rate x nel assessed value)
Less Circuit Breaker Credit
Net Tax
Circuit Breaker Cap
Circuit Breaker
Debt Service
Circuit Broker Cap
Tax Key Number
Current Assessed Value:
Estimated Project Cost:
Current Without 100% 95% 80% 65% 50% 40% 30% 20% 10% 5%
AV & Tax Abatement Year 1 Year 2 Year Year 4 Year 5 Year 6 ~ Year 7 Year 8 Year 9 Year 1
100% 1s,ooo 1s,oao 1s,ooo 1s,ooo 1s,ooo 1s,ooo 1s,ooo 1s,ooo 1s,ooo 1s,ooo 1s,ooo 1s,ooo
85% 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000 6,800,000
0 (6 800 000) (6 460 000) (5 440 000) (4 420 000) (3,400,000) (2,720,000) (2 040,000) (1,360,000) (680,000) (340,000)
16,000 6,816,000 16,000 356,000 1,376,000. 2,396,000 3,416,000 4,096,000 4,776,000 5,456,000 6,136,000 6,476,000
4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015%
688 293,190 688 15,313 59,189 103,064 146,939 176,189 205,440 234,690 263,940 278,565
(121) (51 379) 0 0 0 0 0 0 0 (327) (25,853) (38,616)
568 241,811 688 15,313 59,189 103,064 146,939 176,189 205,440 234,363 238,087 239,949
3.0000% 480 204,480 204,480 204,480 204,480 204,480 204,480 204,480 204,480 204,480 204,480 204,480
0.5477% 88 37,331 88 1,950 7,536 13,123 18,709 22,434 26,158 29,883 33,607 35,469
568 241,811 204,568 206,430 212,016 217,603 223,189 226,914 230,638 234,363 238,087 239,949
018-8153-5514.05
16,000
8,000,000
New Combined Net
Existing Project Existing & New Tax Tax
Vear Taxes Taxe Taxe Abat
1 568 241,244 241,811 241,123 688
2 568 241,244 241,811 226,498 15,313
3 568 241,244 241,811 182,623 59,189
4 568 241,244 241,811 138,747 103,064
5 568 241,244 241,811 94,872 146,939
6 568 241,244 241,811 65,622 176,189
7 568 241,244 241,811 36,372 205,440
8 568 241,244 241,811 7,449 234,363
9 568 241,244 241,811 3,724 238,087
10 568 241,244 241,811 3,724 238,087
Totals 5,676 2,412,436 2,418,112 1,000,754 1,417,359
'This schedule is for estimation purposes only and assumes constant lax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates.
CITY OF SOUTH BEND
PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of real property, located within the City of South Bend,
hereby petition the Common Council of the City of South Bend for real property tax
abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et se ., and South Bend
Municipal Code Sec. 2-76 et seq., for this petition states the following:
1. Describe the proposed redevelopment or rehabilitation project, including information
about physical improvements to be made, the proposed use of the improvements,
and a general statement as to the importance of the project to your business:
Prairie Apartments Phase II (96 units) is designed to be a market leading affordable property.
With a design that won't be confused with the many of the cookie cutter unit & building designs,
Prairie Apartments is designed for long term competitiveness and viability. The site located on
Prairie Avenue, just west of Locust Road, adjacent to Bruno's Restaurant and behind Phase I of
Prairie Apartments (128- units).
Buildings will be two stories and feature one, two, three and four bedroom units. Each unit will
provide residents with best in class amenities, including full size washer & dryer, exterior
storage, patios or balconies, walk in closets, built in dishwasher, window blinds, wall to wall
carpeting, central air, garbage disposal, cable hook-ups, and high speed Internet access in each
unit. Each unit will also have a first floor exterior entrance providing another truly unique
opportunity for residents to feel at home. With multiple building and unit designs, a full slate of
amenities and features, and a modern clubhouse this project will be a model for the great city of
South Bend.
The community will feature a large clubhouse with managers' offices, community room,
community TV with cable, fitness room, computer room, and kitchen area. Garages will be
available to residents for an additional fee.
This community will provide employees from the area retail and commercial companies,
employees of the University of Notre Dame, St Mary's College, and several growing industrial
companies with convenient, affordable, and superior housing; an absolute need that would be
filled. There will be 10 units set aside for disabled residents. Real Services, the largest service
(Rev 10/23/06) 1
provider in the South Bend area has agreed to an extensive referral agreement to include a litany
of services, programs, and help for our residents.
The property will use several "Green" construction methods, materials, and appliances including
Energy Star heating & cooling system, windows, dishwashers, refrigerators, and ceiling fans.
The market is in need of an affordable project precisely like Prairie Apartments phase II. Phase I
lease up to 100% by moving in at least one family per business day on average. Our occupancy
remains at 100% with nearly 40 families on a wait list. With our amenities, great location, and
unit features Prairie Apartments will be the property to lead occupancy statistics year after year.
The developer, Equal Development, L.L.C., and the entire development team offer exceptional
expertise. Equal Development, LLC, owned by William J. Hollingsworth, is truly a one of a kind
organization. With several hundred affordable apartments, Hollingsworth has achieved an
impressive record of successful property management, construction and development including a
number of successful projects dating back to 2000. Born out of the belief that nobody cares for a
property like the owner, Hollingsworth has been involved in the management, construction and
development of several "front cover" examples of the highest standards of the industry.
With a decade of proven local Indiana operations and a continuing commitment to providing
solid, successful property operations, Hollingsworth stands proud of his history, continued
success, trained personnel, and "hands on" style with Equal Development, LLC.
(Rev 10/23/06) 2
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Land Size 9.13 acres
Approximately 113,790, 6 buildings sq.ft.
acres; Building Size
2. Describe the overall nature of the business and of the operations occurring at the
Property (attach additional sheet if more space is needed ):
Prairie Apartments Phase II (96 units) is designed to be a market leading affordable rental aparhnent
complex located directly behind (South) Prairie Apartments Phase I.
3. Estimate the dollar value of the project (excluding land): $8,000,000
4. The current assessed valuation of the real property before rehabilitation,
redevelopment, economic revitalization, or improvement: $16,000
5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned
or to be owned by the following individuals or corporations (if the business organization
is publicly held, indicate also the name of the corporate parent, if any, and the name under
which the corporation has filed with the Securities and Exchange Commission):
NAME ADDRESS INTEREST (%)
Equal Development, LLC,
12557 Branford St., Carmel, IN 46032
100%
Attn: William Hollin sg worth
(Rev 10/23/06) 4
(b) The following other person(s) lease, intend to lease, or have an option to buy the Properly
(include corporate information as required in 5(a) above, if applicable);
NAME ADDRESS INTEREST (%)
Prairie Apartments Housin~~Partners II, L.P.,
12557 Branford St., Carmel,lN 46032
100%
Purchase Contract to bu~property (also controlled by William Hollin sg worth)
6. The commonly known address of the Property is:
2630 Prairie Avenue, Clubhouse, South Bend, IN 46614 (Phase One's address)
7. The Key Number(s) of said property is:
Parcel # 018-8153-551405
State Parcel ID # 71-08-22-176-030.000.026
8. A legal description of the above address is attached hereto, marked AExhibit A,@
and incorporated herein.
9. A map and/or plat describing the Property is attached hereto, marked AExhibit
5
(Rev 12/29/06)
B,@ and incorporated herein.
10. Photographs of the property, taken within two (2) weeks of filing of this petition,
are attached hereto, marked AExhibit C, @ and incorporated herein.
11. The redevelopment or rehabilitation project itself will create 2 full-time
and 0 part-time permanent jobs within the first year, representing a
new annual payroll of $ 48,000 and will maintain
3 existing permanent full-time and 0 existing permanent part-time jobs
including existing permanent full-time minority employment of 2 and
existing permanent part-time minority employment of n/a with an
annual payroll of $ 86,959.60 + Benefits
12. The projected annual salaries for each new position indicated above are estimated
to be as follows (If more space is needed, please attach a separate sheet):
Landscaping/Grounds keeping/General laborer Person: $23,000
Mean wage estimate
37-3011 Landscaoin4 and Groundskeeoing Workers $10.88 $22,640 2.4
Office Clerk/Assistant: $25,000
Mean wage estimate
43-9061 Office Clerks, General $10.82 $22,510 2.4
6
(Rev 12/29/06)
13. Provide current employment wage information including; base rate, cost-of-living
allowances, hazardous-duty pay, incentive pay including commissions and
production bonuses, on-call pay and tips. Do Not Include; back pay, jury duty
pay, overtime pay, severance pay, shift differentials, non-production bonuses, and
tuition reimbursements (average hourly rate or range):
Full-Time Part-Time
Laborers $ 12.00/hour + Benefits $
Technical $ n/a $
Managerial $ 17.67/hour + Benefits $
Administrative $ 12.62/hour + Benefits $
14. indicate whether your company provides the following benefits (use Y/N):
Y Health Care Benefits
Y Pension Plan
Y Employer Provided Training (recognized or certified
training/educational courses or programs)
Day Care (provide or contribute to the cost of child day care for its
employees)
Transportation Assistance (provide direct or indirect support and
assistance to its employees without private transportation to get back and
7
(Rev 12/29/06)
forth from residence to place of employment)
Employer-Assisted Housing Program (provide an employer-assisted home
ownership program)
Targeted Hiring Preference (provide hiring preference for residents of
Census Tracts designated by the Community & Economic Development
Dept. that have the highest unemployment or the highest percentage of
low and moderate income individuals).
(Additional information may be requested for verification of the above items)
15. List the real and personal property taxes paid at the location during the
previous five years, whether paid by the current owner or a previous owner:
Year Real Property Taxes Personal Property Taxes
2008 $665.86 $0
2007 Not determinable -as it was part of a larger parcel
2006 It was always less than the 2008 for every year prior
2005 always $0 personal property taxes
2004
(this information may be obtained from the St. Joseph County Treasurers office 235-9531)
16. Please list the number of full-time and part-time minority employees for each of
the last three years:
8
(Rev 12/29/06)
Year 2009 2008
Full Part Full Part
Black 2
Hispanic
Asian
Indian
Other
2007 (not built yet)
Full Part
n/a
17. Does your business maintain an affirmative action plan or other similar plan in
order to achieve racial diversity? If yes, please briefly indicate specific goals,
objectives, and means as designated by your plan:
This is our Equal Opportunity Employment Policy:
It is our policy that, as required by law and by our company's values, equal employment
opportunities be available to all persons without regard to race, sex, age, color, religion,
national origin, disability, citizenship status, or any other category protected under federal,
state, or local law. This policy applies to employees and applicants and to all phases of
employment including hiring, promotion, demotion, treatment during employment, rates of
pay or other forms of compensation, and termination of employment.
We will take appropriate steps to provide reasonable accommodations upon request to
qualified individuals with disabilities so long as doing so does not cause an undue
hardship. We also will take appropriate steps to provide reasonable accommodations
upon request to employees whose religious beliefs or restrictions create a conflict with our
policies, practices, or procedures so long as doing so does not cause an undue hardship.
If you need accommodations, please contact your immediate supervisor to discuss your
situation and your needs.
9
(Rev 12/29/06)
18. Indicate whether or not your project meets any of the following criteria (contact
Community & Economic Development Dept. 235-9335 for information on this
section):
Conversion to residential use of a commercial AEligible Building@ as
designated by the Community & Economic Development Dept.
Rehabilitation of a building that is either designated as a National
Register or local landmark or is eligible for nomination as one, located
in a National Register or local landmark district, or rated as Outstanding
or Significant in the most recent Historic Preservation Commission
county wide survey.
Rehabilitation and reuse of a property that is designated a Problem
Property by the Community and Economic Development Department
Pays for the cost of cleaning up a ABrownfield,@ which is any site,
building facility or complex that has been designated a Brownfield by the
Community and Economic Development Department.
X Achieves a physical element identified in a development or revitalization
plan that has been approved by the Council
19. Is your business based upon licensing intellectual property from research conducted
at a public or private university, college, or community college located within St.
Joseph County, Indiana? If yes, please include a description of the research
based aspects of the business (attach additional sheet if more space is needed):
ti~
10
(Rev 12/29/06)
20. Does your business financially support a Municipal Facility (i.e. municipally owned
park, recreation center, cultural, arts, or entertainment facility)?
Nn
21. Is your company incurring any of the cost of extension or oversizing of municipal
infrastructure serving the project site? This includes water, sewer, drainage
facilities, wastewater treatment facilities, road and street improvements, street
lighting, traffic control and related public improvements (attach additional sheet if
more space is needed ):
Yes.
Domestic water line, sanitary sewer line, and street lighting will all be extended
to the project.
11
(Rev 12/29/06)
22. Information is required on the companies through which construction materials will
be purchased for the project. (Please complete the table on page 8 of this
application ).
To be determined. All construction materials that are local will be given preference if
costs, time, and all other factors are equal.
23. Information is required on the construction companies that will be utilized for
construction of the project. (Please complete the table on page 9 of this
application ).
To be determined. All construction companies that are local will be given preference if
costs, time, and all other factors are equal.
24. No building permit has been issued for construction on the property in connection
with the improvement in question as of the date of filing of this petition. (The
Property Owners signature at the end of this application is verification of this
statement).
25. The Standard Industrial Classification (SIC) or North American Industry
Classification Systems (NAILS) major group within which the proposed project
would be classified, by number and description:
6513 Operators or Apartment Buildings
26. The Internal Revenue Service Code of Principal Business Activity by which the
proposed project would be classified, by number and description:
531110 Lessors of Residential Buildings & Dwellings
12
(Rev 12/29/06)
27. The current use of the Property is
vacant and the current zoning is MF-2
(This information may be obtained from the Building Department 235-9554).
28. Has your business been granted previous tax abatement(s)? If yes, please
provide type (real and/or personal property) and date of approval.
Yes. A related entity Prairie Apartments Housing Partners, L.P. (phase I) was granted
a tax abatement on 2/21/07. Both parcels are owned and controlled by William
J. Hollingsworth
29. Other anticipated public financing for the project including, if any, industrial
revenue-bonding to be sought or already authorized, assistance through the United
States Department of Housing and Urban Development funds from the City of
South Bend, Small Business Association Sections 503 and 504 financing through
the Business Development Corporation of South Bend, Mishawaka, and St. Joseph
County, Indiana, Industrial Revolving Fund, Neighborhood Business Development
Corporation, Corporation for Entrepreneurial Development; or other public financial
assistance, including but not limited to public works improvements.
Federal Low Income Housina Tax Credits in the estimated amount of
13
(Rev 12/29/06)
$1,200,000 will be applied for in December 2009.
30. The following person(s) should be contacted as Petitioner=s agent regarding
additional information and public hearing notifications:
Name: William J. Hollingsworth
Address:12557 Branford Street Carmel. IN 46032
City,
Telephone: 317-5 5 7-9442
State,
Zip:
31. Please indicate the name, address, and telephone number of the person who will
work with Employment Training Services (ETS) for employee recruitment, and sign
the ETS form attached to the petition if the real tax abatement is for warehouse or
industrial developments.
14
(Rev 12/29/06)
Name: n/a
Address:
City,
Telephone:
(Rev 12/29/06)
State,
15
Zip:
WHEREFORE, Petitioner requests that the Common Council of the City of South Bend,
Indiana, adopt a declaratory resolution designating the area described herein to be an
economic revitalization area for purposes of tangible real property tax abatement
consideration, and after publication of notice and public hearing, determine qualifications
for an economic revitalization area have been met, and confirm such resolution.
Petitioner herein hereby verifies that the required $250.00 filing fee to cover processing
and administrative costs pursuant to Section 2-84.7 of the Municipal Code of the City
of South Bend has been paid in full.
(Rev 12/29/06)
Name of Property Owner(s):
By:
(Signed Name)
S~ v~,,~,,,r,,1~,.i- c-~ ~~,,.~.t Oevr~~n~.~~ ~c. c.
(Typed or printed name and capacity of signor if
signed by an agent or representative of th r.)
~I~~CI LQi `~1~t~6'v ~~~E1el~
OCT 1 3 203
16
JOIiN VOORDE
C1TY CIEi;K, S0. SEND,IN.
Exhibit A
Outlot B Hollingsworth Prairie Avenue, Minor Subdivision, Instr. #0654912
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