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1200 Col!NTY -Cn -v Bui]_ 7 NG <br />227 W.JEFFErsON BOi7LF,vARI7 <br />SOUTid BEND, INDLANA 46601 -1830 <br />P7 -{ONS 5741235-9371 <br />FAx 5741235-9021 <br />TDD 5741235 -5567 <br />C]'PY of SOum BEND STEPHEN J, LuECKE, MAYOR <br />COMMUNITY . EcONOMic DEVELOPMENT <br />.JFMLEY V GIBNEY <br />FxFctjT[VE DIRECTOR <br />i ! !"i" Ill <br />TO- SOUTH BEND COMMON COUNCIL <br />FITIfflu <br />t ^. <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />GATEWAY PLAZA REAL ESTATE, LLC <br />DATE: October 29, 2008 <br />On August 12, 2008, a petition for real property tax abatement consideration for vacant property <br />located adjacent to 3305 Lathrop Drive was filed with the City Clerk by Gateway Plaza Real Estate, <br />LLC. Please note: The petitioner is asking for a special exception because the project does not <br />meet the general standards for real property tax abatement set forth in Chapter 2, Article 6, <br />Sections 2 -77 through 2 -83.3 of the Municipal Code of the City of South Bend. Pursuant to <br />Chapter 2, Article 6, Section 2 -82 of the Municipal Code of the City of South Bend, this petition was <br />referred to the Department of Community and Economic Development for purposes of investigation <br />and preparation of a report determining whether the area qualifies as an Economic Revitalization <br />Area pursuant to I.C.6 -13-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition, investigated <br />the area, and makes the following report. <br />Gateway Plaza is proposing to construct a combination warehouse /flex building. The building will <br />be approximately 31,819 square feet in size and can be demised to seven units of approximately <br />4,320 square feet each. The building will become Phase ICI of the adjacent Gateway Plaza and will <br />be of similar construction. Tenants in the building are likely to be primarily warehouse users, but <br />with some need for front- office space or showroom areas. All suites will have grade -level overhead <br />door access, with at least four slated for dock access as well. The building site covers approximately <br />1.94 acres. The estimated cost of Phase IV construction is $1;480,180. <br />COMMUNITY DEVELOPMENT ECONo\77C DLYE7.oPMENT FINANCL4L & PROGRAM <br />PAMELA C. MEYxR 3DKA1 o E. Inrs MANAGEMENT <br />5741235 -9660 5741235 -9371 FUZAtiETH LEONARD <br />Fr.x: 5741235 -9697 574!235 -9377 <br />