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18-51 Modifying and reconfirming resolution for Tower at Washington (Retail)
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18-51 Modifying and reconfirming resolution for Tower at Washington (Retail)
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9/6/2018 11:42:16 AM
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9/6/2018 11:41:53 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/10/2018
Bill Number
18-51
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BRADLEY <br /> C O M P A N Y <br /> August 2,2018 <br /> 112 W.Jefferson Blvd„Suite 300 South Bend,IN 46601 1574,237,6000 <br /> Daniel Buckenmeyer <br /> Director of Economic Resources and Business Development <br /> Department of Community Investment <br /> City of South Bend <br /> 227 W.Jefferson Blvd.,Suite 1400S <br /> South Bend,IN 46601 i <br /> I <br /> Re: Tower at Washington Square I i <br /> Resolution Number 4501-15/4536-16 HOTEL:4502-15 PARKING GARAGE;4503-15 RETAIL; <br /> 4506-15 APARTMENTS <br /> i <br /> Dear Mr. Buckenmeyer, I <br /> i <br /> We are writing to ask foryour support and favorable recommendation to extend the 3-year expiration <br /> of the Declaratory Resolutions 4501-15/4536-16;4502-15;4503-15 and 4506-15 for the Tower at i <br /> Washington Square from October 20, 2018 to October 26th,2020. We are requesting an extension on <br /> Resolution 4503-15 and 4506-15 due to the size and,nature of the project taking longer than <br /> anticipated. <br /> The Hotel(Resolution 4501-15/4536-16)and Parking Garage(Resolution 4502-15)sections of the <br /> project are complete and opened on September 27,2017. Notice of Assessments were sent on July 17t', <br /> 2018 for all parcels.However,they are not fully re-assessed yet which is the reason for the extension <br /> request for these 2 Resolutions. 1 <br /> i <br /> i <br /> All CF-1's have been filed In a timely manner since the inception of the Declaratory Resolution. <br /> The actual private investment so far is$38.5MM with another$15MM to finish the Apartments and the <br /> Retall space. There have been 45 of 62 jobs created so far. <br /> t <br /> Thank you in advance for your support In this matter. <br /> Should you need additional information,please contact me at(574)968-9266. <br /> Filed in Clerk's Office <br /> i <br /> Sincerely, <br /> y S E P 0 5 10113 1 <br /> KAREEMAH i-Q1lVi�Fi i <br /> J lie Ruiz CITY CLERK,SOUTH BEND 11M <br /> Certified Tax Representative for The Tower at Washington Square,LLC. <br /> F <br /> c <br /> E <br /> I <br /> J <br /> I <br /> tI <br /> `5 <br /> y <br />
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