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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/ 235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />May 1, 2007 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~L ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Commercial Real Property Tax Abatement Petition for: <br />KEY SB, LLC (The Hinman Company) <br />Dear Council Member Dieter: <br />Please find attached the Department of Community & Economic Development's report on a <br />commercial real property tax abatement petition for the above-referenced petitioner for renovation <br />of a facility located at 202 S. Michigan Street. Also attached is a copy of the petition, Statement of <br />Benefits form, and supporting information. <br />The report contains the Department's findings relative to the above petition. The petitioner, Key SB, <br />LLC (The Hinman Company) proposes to renovate portions of the Key Tower Building in order to <br />accommodate a new tenant, Bakers & Daniels. The total cost of the renovation work is estimated to <br />be $5,951,680. Please Note: The application includes a request for a waiver for part of the <br />renovation work that has already received two building permits. All of the work authorized <br />under one of those permits has been completed. Key SB, LLC is seeking a ten (10) year real <br />property tax abatement, and a representative of Key SB, LLC will be available to meet with the <br />Committee on Monday, May 14, 2007. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5835. <br />Sincerely, <br />Bob Mathia <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Filed to Cterk's Q~fice <br />t,1AY 2 2007 <br />JOHN VSO RBEND, tN. <br />Cl'n CLEaK, <br />Mayor Stephen Luecke <br />Jeff Gibnev/Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEON.+RD <br />FAX: 574/235-9697 574/235-9371 <br />