18-07 Petition for Non-Compliance- The LaSalle Apartments, LLC

Home Browse Search

U N\-El CE b x x �. 1865 CITY OF SOUTH BEN Filed in Clerk's Office COMMUNITY INVESTMENT FEB 2 2 2018 February 15, 2018 KAREENIAH YOWLER LC ITy CLERK,SOUTH BEND,IN South Bend Common Council 4 1 Floor City-County Building c/o Kareemah Fowler,City Clerk Esteemed Council Members, A Petition for Wavier of Non-Compliance for 237 N. Michigan St. in South Bend was recently received at DCI. This request comes from RealAmerica,developers of the successful LaSalle Apartments project. On January 21,2015, Real America Development was granted a tax abatement. (Technically a transfer of an original abatement granted for the property to a previous developer.) The RealAmerica committed over$9,000,000.00 in private investment to remodel the apartment building, creating several new jobs. Each year the County Assessor is required to send St.Joseph County property owners a notice of re- assessment,prompting property owners with tax abatements to file the appropriate paperwork to receive their annual abatement deduction. RealAmerica/LaSalle Apartments, LLC did not receive said notice from the Assessor. DCI learned of this situation in mid-February. DCI confirms that the company has been in compliance with its investment and job commitments and support this waiver. DCI also agrees that, in the words of the developer,this"was an instance of excusable and innocent neglect." DCI therefore sends this Petition for Waiver of Non-Compliance to Council with a Favorable Recommendation. Respectfully, Daniel Buckenmeyer Director of Business Development and Economic Resources Department of Community Investment—City of South Bend EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT 1400S County-City Building 1 227 W.Jefferson Bvld.I South Bend,Indiana 466011 p 574.235.93711 www.southbendin.gov