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SOUTH.& Filed in Clerk's Office <br /> mod. <br /> OCT 04 2017 <br /> _PEACE: <br /> KAREEMA111 FOWLER <br /> 1865 x CITY CLERK,SO,JT i BEND. 6�1 <br /> CITY OF SOUTH BEND <br /> COMMUNITY INVESTMENT <br /> TAX ABATEMENT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: Austin Gammage <br /> SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> Tri-Pac,Inc. <br /> DATE: October 4, 2017 <br /> On Tuesday September 261, 2017, a petition from Tri-Pac was received and subsequently filed <br /> with the City Clerk for real property tax abatement consideration for property to be located 3333 N <br /> Kenmore St. South Bend, IN 46628. Pursuant to Chapter 2, Article 6, Section 2-84.2 of the <br /> Municipal Code of the City of South Bend, this petition was referred to the Department of <br /> Community Investment for purposes of investigation and preparation of a report determining <br /> 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 Investment has reviewed the petition(a copy of which is attached), <br /> investigated the area,and makes the following report. <br /> PROJECT SUMMARY <br /> ➢ Real estate Property <br /> ➢ New project taxes over the 7 year abatement period—$196,432 <br /> ➢ Estimated taxes being abated during seven year abatement period—$83,991 <br /> ➢ Total taxes to be paid on property expansion over the next seven years—$313,710 <br /> EXCELLENCE ( ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Bvld.1 South Bend,Indiana 466011 p 574.235.93711 vwwv.southbendin.gov <br />