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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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12/8/2017 9:03:28 AM
Creation date
12/8/2017 9:03:21 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
12/11/2017
Bill Number
17-76
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city of South Bend <br /> Petition for Incentives - <br /> Petition most include a$250 filing fee payable to the City Clerk's office or online via the City's website at <br /> http,llsouthbendin.gov/government/content/tax-abatement before processing can be complete <br /> General Information Project NameMain modern office Project Number <br /> Legal name as registered with Secretary of River Park Leasing Corporation <br /> State <br /> Business structure Corporation <br /> Company website none <br /> Proposed Project Information <br /> Proposed project address Parent company name <br /> SW Corner(Main and Jefferson) <br /> City,State,Zip Legal owner <br /> South Bend,IN 46601 <br /> Is the real estate owned or <br /> Site acreage or acreage required .71 Acres leased - <br /> Square feet of facility If leased by whom <br /> Proposed New(37,783 Office/Retail) <br /> Primary Contact Information <br /> Primary company contact name Randall Hesser Title Secretary and Counsel <br /> Address of company contact Phone <br /> 121 W.Franklin St.,Suite 400 (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 Phan. <br /> above) <br /> Email <br /> City,State,Zip <br /> Consultant Information/Agent <br /> Consultant release N/Nj Yes <br /> Hired business consul tant/agentname. Great Lakes Capital,LLC <br /> Address Local economic development partners Yes <br /> 112 West Jefferson, Ste.200 approval N <br /> City,State,Zip Email jsmoke @greatlakesrapital.com <br /> South Bend,IN 46601 <br /> Project Overview <br /> Brief description ofyour <br /> The entrepreneur and developer/building owner is a South Bend native who as <br /> company,project,and why the <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 NIA Filed I Clerk's office <br /> Is the project in aTax Incremental Financing Yes <br /> I o f w o <br /> Certify that the Building Permit has not peen NumbU Of residential units seated by 0 <br /> Correct-no permit NO 7 <br /> If this is a petition for personal property tax abatement,has NIA ' CCor� <br /> the a ui ment been installed LER <br /> SEND,IN <br /> Investment Details <br /> Public Infrastructure needs(Off- Has any 50.7 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. <br /> Indiana for the project? purchased from out of state for the project? <br /> no <br />
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