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4 SOUTH.& <br /> U t7 <br /> PEACE <br /> � � a <br /> 1865 <br /> CITY OF SOUTHBEND <br /> COMMUNITY INVESTMENT <br /> JAMES MUELLER, EXECUTIVE DIRECTOR <br /> April 18, 2018 <br /> Council Member Gavin Ferlic, Chairperson . <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor, County City Building <br /> South Bend,IN 46601 <br /> RE:Real Property Tax Abatement Petition for: Franklin Street Technology Park,LLC <br /> Dear Council Member Ferlic: <br /> Please find attached the Department of Community Investment's report on a real property tax <br /> abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, <br /> Statement of Benefits form, and supporting information. The project calls for the construction of <br /> three office buildings,located at the intersection of Sample Street and Franklin Street,South Bend. <br /> The report contains the Department's findings relative to the above petition. The total cost for the <br /> construction is estimated at $3,000,000 over a four year period. The project meets the <br /> qualifications for an eight-year real property tax abatement and a representative from Franklin <br /> Street Technology Park, LLC will be available to meet with the Committee on Monday,April 23, <br /> 2018. <br /> Should you or any of the other Council members have any questions concerning the report, or <br /> need additional information,please feel free to call me at 235-5823. <br /> Sincer y, <br /> t <br /> Daniel uckenmever <br /> Director of Business Development and Economic Resources <br /> DAmmj.BUcymNaI YER ALKLYmA ALDR=E PAMELA MEnR TD.I CORCORAN <br /> BUSINESS DEVELOPMENT ENGAGEMEt\*r&ECONOMIC EMPOWERMP. r NEIGHBORHOOD DEVELOPMENT 1 Ix\mNc&Com. ww ry RESOURCF,s <br /> EXCELLENCE 'ACCOUNTABILITY INNOVATION I INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 466011 p 574.235.93711 www.southbendin.gov <br />