18-20 Confirming Property Tax Abatement Petition - Franklin Street Technology Park, LLC

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i "�`$��►� FF Clerk's Office 'PEACE 18 2 01 ''I 18ri5 '- = r_�CITY OF SOUTH BEND ' °�TFI EE;tii�,!�!_ COMMUNITY INVESTMENT JAMES MUELLER, EXECUTIVE DIRECTOR April 18,2018 Council Member Gavin Ferlic, Chairperson Community Investment Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Real Property Tax Abatement Petition for: Franklin Street Technology Park,LLC Dear Council Member Ferlic: Please find attached the Department of Community Investment's report on a real property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The project calls for the construction of three office buildings,located at the intersection of Sample Street and Franklin Street,South Bend. The report contains the Department's findings relative to the above petition. The total cost for the construction is estimated at $3,000,000 over a four year period. The project meets the qualifications for an eight-year real property tax abatement and a representative from Franklin Street Technology Park,LLC will be available to meet with the Committee on Monday,April 23, 2018. Should you or any of the other Council members have any questions concerning the report, or need additional information,please feel free to call me at 235-5823. Sincer y, I Daniel . uckenmeyer Director of Business Development and Economic Resources D:\KIEI j BUCKENNIEI'ER AI.KEr\A ALDRIDGE PAMELA MEYER Tm CORCORA.\ BUS mm,DwELOPMF-w E\C:\CENiF\-r&ECO\O\Iic EAIPO\\-E"IF\T NEICIIRORIIOOD DEVELOPmwr Pf_l\N1:C&Co\f.\arNi-Y REsoL-RC.Es EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION . EMPOWERMENT 14005 County-City Building:227W.Jefferson Blvd. South Bend,Indiana 46601 p574.235,9371 www.southbendin.gov