Confirming Tax Abatement - 128 South Michigan - The South Bend Chocolate Company

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12()0 COUN'T'Y-CIT'Y BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PHONE 574/ 235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR July 31, 2006 COMMUNITY ~ ECONOMIC DEVELOPMENT SHARON T. KENDALL EXECUTIVE DIRECTOR Council Member Roland Kelly, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Commercial Real Property Tax Abatement Petition for: SOUTH BEND CHOCOLATE COMPANY Dear Council Member Kelly: Please find attached the Department of Community & Economic Development's report on a commercial real property tax abatement petition for the above-referenced petitioner for expansion of a facility located at 128 South Michigan Street. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the Department's findings relative to the above petition. The petitioner, South Bend Chocolate Company proposes todevelop anew retail store called the South Bend Candy, Card & Convenience Store, along with the expansion of the existing cafe and restaurant. The total cost of the project is estimated to be approximately $750,000 to $1,200,000. South Bend Chocolate is seeking a (5) five-year real property tax abatement, and a representative of South Bend Chocolate will be available to meet with the Committee on Monday, August, 14, 2006. 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 235-5825. Sincerely, 9U.~L.~UC~"]l~ Sharon Terrell Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Sharon Kendall Don Inks COMMUNITY DEVELOPMENT' ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 EuueErx LEONARD Fax: 574/235-9697 574/235-9371