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18-50 Modifying and reconfirming resolution for Tower at Washington (Parking Garage)
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18-50 Modifying and reconfirming resolution for Tower at Washington (Parking Garage)
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9/6/2018 11:38:48 AM
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9/6/2018 11:38:27 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/10/2018
Bill Number
18-50
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CITY OF SOUTH BEND I COMMUNITY INVESTMENT <br /> These modifications are related to extending a designation period from the date of adoption of the <br /> original Declaratory resolutions. Some of above mentioned companies received a form 11 from <br /> the St. Joseph County Assessor Office in July 2018.Those companies filed appropriate forms with <br /> the St. Joseph County Auditor Office in a timely manner, but the designation period already <br /> expired. Other companies have completed their projects but never received a form 11 with a full <br /> assessment values and as a result have not submitted required.forms to the St. Joseph County <br /> Auditor Office. Finally, two companies requested a designation period extension due to <br /> complexity of their projects that caused unanticipated delays. <br /> Historic JMS Building: <br /> The project was completed in March 2017. The company has invested$8.4 million and created 3 <br /> new jobs. The JMS building now houses Centier Bank and apartments contributing to the density <br /> and vitality of downtown South Bend. The company received a form 11 from the St. Joseph <br /> County Assessor Office in July 2018 and-filed appropriate forms to the St.Joseph County Auditor <br /> Office. The designation period expired on June 22,2017. <br /> JSK Development axeland Hospitality/Holiday Inn Express . <br /> The project was completed in April 2018. The company has invested$6.5 million and created 17 <br /> new jobs. The Holiday Inn opened in May and is part of a revitalization of the South Side at f <br /> Michigan and the Bypass. The company has never received a form 11 from the St. Joseph County <br /> Assessor Office. The designation period expired on July 13,2017. <br /> JSK Development(Southhold/Courtyard Marriott Downtown): <br /> The project was completed in April 2018. The company has invested$11 million and created 38 <br /> new jobs. The Marriott has truly enhanced our downtown streetscape and makes the Century <br /> Center a more viable option to bring in citywide tourism and revenues from small conferences and <br /> shows. The company has never received a form 11 from the St. Joseph County Assessor Office. <br /> The designation period expired on May 26,2018. <br /> JSK Development(Southhold/Hall of Fame): <br /> The future use of the former College Football Hall of Fame Building was directly tied to the <br /> construction and subsequent opening of the Courtyard Marriott Downtown Hotel. While those <br /> plans did not come to fruition,JSK maintained their commitment to purchase the vacant property. <br /> The hotel project was completed in April 2018 and JSK is requesting a designation period <br /> extension on the vacant hall of fame building. The designation period expired on May 26,2018. <br /> RDistrict One(Studebaker Building 84): <br /> The project was completed in May 2018. The company has invested$18.4 million and created 19 <br /> new jobs and retained 5 jobs.The company has not received a form 11 for a full assessment of the <br /> property frown the St.Joseph County Assessor Office.The designation period expired on December <br /> a <br /> 17,2017. <br /> E <br /> i <br /> i <br /> . 1 <br /> r <br /> Page 2 <br /> i <br /> s <br />
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