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17-76 Tax Abatement for River Park Corp.
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17-76 Tax Abatement for River Park Corp.
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11/21/2017 1:35:59 PM
Creation date
11/21/2017 1:35:53 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
11/27/2017
Bill Number
17-76
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City of South Bend 41111 SOUTH <br /> Petition for Incentives <br /> Petition must include a$2SO filing fee payable to the City Clerk's Once or online via the City's website at rKs <br /> http://Soutlibendin.gov/government/content/tax-abatement before processing can be complete <br /> General Information Project Name I Main modern office I Project Number <br /> Legal name as registered with Secretary of River Park Leasing Corporation <br /> Business structure Corporation <br /> Company website none <br /> Proposed Project Information <br /> Proposed project address SW Corner(Main and Jefferson) Parent company name <br /> City,State,zip South Bend, IN 46601 Legal owner <br /> Site acreage or acreage required .71 ACreS Is the real estate owned or <br /> Square feet of facility Proposed New(37,783 Office/Retail) If leased by whom <br /> Primary Contact Information <br /> Primary company contact name Randall Hesser Title Secretary and Counsel <br /> Address of company contact 121 W.Franklin St., Suite 400 Phone (574)294-7491 <br /> City,state,zip Elkhart, IN 46516 Email <br /> Senior Official Information <br /> Company senior official name Title <br /> Address of company contact(if different from Phone <br /> above) <br /> City,State,Zip Email <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Great as Capital,LLC Consultant release(YIN) Yes <br /> a Y N <br /> Address 112 West Jefferson, Ste. 200 Local economic development partners Yes <br /> roval <br /> City,State,Zip South Bend,IN 46601 Email jsmoke @greatlakescapital.com <br /> Project Overview <br /> Brief description ofyour <br /> company,project,and why the The entrepreneur and developer/building owner is a South Bend native who has <br /> property is necessary for seen the revitalization of downtown South Bend over the past 10 years. The <br /> economic growth developer desires to make a significant proposed investment of at least$8.5 million <br /> to develop and construct a class A office building (with first floor retail)to further <br /> support positive impact and growth in downtown South Bend. This type of office <br /> development hasn't been done in over 2 decades. The top floor of the proposed 5 <br /> story building will house a new start-up aimed to employ 12-20 professionals in the <br /> next 2-3 years. This proposed employment will complement new employees with <br /> ground floor retail space and office users on floors 2-4. The building will have <br /> premier fit and finishes and fill a void at the top of the Class A office market,offering <br /> companies and tenants the highest quality of office space. <br /> Certified Technology Park appropriate N/A Filed tee <br /> Is the project in a Tax Incremental Financing Yes <br /> IF I area? if 50 w � <br /> Certify that the Building Permit has not been Correct-no permit Number of residential units created by O 7 <br /> If this is a petition for personal property tax abatement,has N/A <br /> the equipment been installed /L ER <br /> BEND,IN <br /> Investment Details R � <br /> Public Infrastructure needs(Off- Has any 504 funding been What is the value of any equipment being purchased in What is the value of any equipment being <br /> site of project in dollars) received? Indiana for the project? purchased from out of state for the project? <br /> no <br />
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