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17-09 Designating a six (6) year real property tax abatement for Hibberd Development, LLC
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17-09 Designating a six (6) year real property tax abatement for Hibberd Development, LLC
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4/25/2017 4:43:48 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/27/2017
Ord-Res Number
17-09
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Cit ✓ pi South og th Ben <br />1:JDl III Nf,I <br />_ 4 <br />Petition for Incentives <br />i <br />Petition must include a $250 filing fee payable to the City Clerk's Office or online via the City's website at <br />u c <br />http://southbendin.gov/ government /content /tax- abatement before processing can be complete <br />TBD <br />General Information <br />Project Name Project Number <br />Legal name as registered with Secretary of <br />State <br />Hibberd Development, LLC <br />Business structure <br />Limited Liability Company <br />Company website <br />N/A <br />Proposed Project Information <br />Proposed project address <br />321 South Main Street <br />Parent company name <br />N/A <br />City, State, Zip <br />South Bend, Indiana 46601 <br />Legal owner <br />Individual Members <br />Site acreage or acreage required <br />...0.34 Acre <br />Is the real estate owned or <br />Owned <br />Square feet of facility <br />--33, 600sf <br />If leased by whom <br />N/A <br />Primary Contact Information <br />Primary company contact name <br />Mark Neal <br />Title <br />Manager <br />Address of company contact <br />1329 East Washington Street <br />Phone <br />574- 339 -9406 <br />City, State, Zip <br />South Bend, Indiana 46617 <br />Email <br />kmneal @aol.com <br />Senior Official Information <br />Filed in Clerk's Off 1 <br />Company senior official name <br />Same as above <br />Title <br />Address of company contact (if different from <br />Phone <br />= Fg 2 2 201 E <br />above <br />City, State, Zip <br />Email <br />Consultant Information /Agent <br />KAREL~ <br />Hired business consultant /agent name <br />N/A <br />Consultant release (Y /N) <br />SOUTH <br />Address <br />Local economic development partners <br />approval (Y N <br />City, State, Zip <br />Email <br />Project Overview <br />Brief description of your <br />company, project, and why the <br />Hibberd Development, LLC is a single purpose business committed to the <br />property is necessary for <br />site redevelopment of an abandoned printing manufacturing company built <br />economic growth <br />in 1926 by John and Carl Hibberd, Sr. city businessmen, statesmen and <br />local philanthropists. The building is situated on Main St. in the heart of <br />downtown South Bend directly across from the main branch of the St. <br />Joseph County Public Library. The building will be converted into a mixed <br />use development containing office, retail and residential spaces including a <br />street level green space and rooftop amenity both of which will be open to <br />the public. The site is an essential component to the revitalization of the <br />city's Renaissance Center and nearby Four Winds Field connecting vibrant <br />street level economic development activity to the central downtown. <br />Certified Technology Park appropriate <br />N/A <br />Is the project in a Tax Incremental Financing <br />Yes, River West <br />TI are � If o wnich� <br />Certify that the Building Permit has not been <br />veS <br />Number of residential units created by <br />14 <br />i u N <br />oroect <br />Ifthis is a petition for personal property tax abatement, has <br />N/A <br />the equipment been installed <br />Investment Details <br />Public Infrastructure needs (Off- <br />site of project in dollars) <br />Has any 504 funding been <br />received? <br />What is the value of any equipment being purchased in <br />Indiana for the project? <br />What is the value of any equipment being <br />purchased from out of state for the project? <br />No <br />No <br />TBD <br />TBD <br />Je <br />i <br />ID, IN <br />
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