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18-64 Nilkanth, LLC Designating Tax Abatement
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18-64 Nilkanth, LLC Designating Tax Abatement
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10/17/2018 1:53:52 PM
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10/17/2018 1:53:45 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
10/22/2018
Bill Number
18-64
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Filed in Clerk's Office <br /> E.', ' .."-.=� OCT 1[ 2018 <br /> ����_�.: +����� KAREEMAH FOWLER <br /> X �/`" CITY CLERK,SOUTH BEND,IN <br /> CITY OF SOUTH BEND <br /> COMMUNITY INVESTMENT <br /> JAMES MUELLER, EXECUTIVE DIRECTOR <br /> -- <br /> October 17, 2018 <br /> Council Member Gavin Ferlic, Chairperson <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor, County City Building <br /> South Bend,IN 46601 <br /> RE: Real Property Tax Abatement Petition for: Nilkanth,LLC <br /> Dear Council Member Ferlic: <br /> Please find attached the Department of Community Investment's report on a real property tax <br /> abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, . <br /> Statement of Benefits form,and supporting information.The project calls for the new construction <br /> of Dairy Queen Grill & Chill,to be located at 4836 Western Ave, South Bend,IN. <br /> The report contains the Department's findings relative to the above petition. The total amount of <br /> private investment for the new building construction and land purchase is estimated at$1,660,661. <br /> The project meets the qualifications for a seven-year real property tax abatement.A representative <br /> from Nilkanth,LLC will be available to meet with the Committee on Monday,October 22nd,2018. <br /> Should you or any of the other Council members have any questions concerning the report, or <br /> need additional information,please feel free to call me at 235-5838. <br /> Sincerely, <br /> Angelina Billo <br /> Business Development Manager <br /> DANIEL J.BUCKENMEYER ALKEYNA ALDRIDGE PAMELA MEYER TIM CORCORAN <br /> BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION 1 INCLUSION I EMPOWERMENT <br /> 1400S County-City Building 1227 W Jefferson Blvd.I South Bend,Indiana 466011p 574.235.9371 I www.southbendin.gov <br />
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