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COUNTY MAYO IRISH INN & PUB <br />South Bend., Indiana <br />JF +A PROPERTIES, LTD. /CII <br />PROJECT NO. 2030 <br />PRELIMINARY DEVELOPMENT PROFILE <br />I. EXECUTIVE SUMMARY <br />COUNTY MAYO IRISH INN & PUB <br />1.1 Property Description and Location <br />The COUNTY MAYO IRISH INN & PUB is a 52 -Unit multi -use lodging and food <br />service facility designed as a traditional Irish Inn & Pub that is proposed to be developed on <br />Lot No. 3 consisting of 4.57 acres located immediately adjacent to the Blackthorn <br />Municipal Golf Course and five (5) minutes from the South Bend Regional Airport <br />accessible immediately off the Indiana East West Tollway at Route 31, in South Bend, <br />Indiana. The site is located approximately 15 minutes driving time to the east of Exit 77 <br />providing access to Notre Dame University. <br />The site is controlled and owned by the South Bend Redevelopment Commission and <br />Authority, and is offered through its real estate agent - Stone Real Estate Group, also of <br />South Bend, Indiana.. JF +A Properties, Ltd. /CII proposes to submit its formal <br />Development Profile and required Proposal Forms and Faithful Performance Guarantee of <br />t $36,600.00 in certified funds for the fee simple purchase of Lot #3 prior to the end of <br />February for consideration by the South Bend Redevelopment Commission and Authority <br />at their first March, 2001 meeting. <br />The site's purchase cost per the Blackthorn Corporate Office Park Lot List Price published <br />on 9/1/99 is $366,000 or approximately $80,000 /acre, subject to negotiations to re -route <br />part of a Marathon Oil Company .oil line easement which passes currently through Lot No. <br />3. This oil _line easement may be re- located in accordance with discussions held with Mr. <br />Owen Rock of the Redevelopment Commission and Authority by JF +A Properties, <br />Ltd. /CII. <br />The design concept for County Mayo Irish Inn & Pub (South Bend) is most similar to that <br />conceived for County Mayo Irish Inn & Pub, a 44 -Unit multi -use lodging and food service <br />facility being developed at 350 N. Milwaukee Avenue, Vernon Hills, Lake County, Illinois. <br />The South Bend site will allow a larger unit count allowing the proto -type Irish Inn & Pub <br />design to have equal residential wings which was not feasible at the Vernon Hills, Illinois site. <br />