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®CITY OF SOUTH BEND OFFICE OF THE CLERK Councilmember Scott followed up,Thank you. The lead issue is quite large in the first(1St)District so I appreciate seeing all the work and funding that goes to it. Committee Chair Ferlic then opened the floor to members of the public wishing to speak in favor of or in opposition to these two (2) bills. There were none. Due to a lack of quorum, Bill Nos. 18-62 and 18-63 were sent to the full Council with no recommendation. Bill No. 18-64-Nilkanth, LLC Designating Tax Abatement Austin Gammage, Business Development Manager for the Department of Community Investment with offices located on the 14th floor of the County-City Building, stated, I am speaking on behalf of Nilkanth LLC and their proposal for a Dairy Queen Grill 'N Chill at 4836 Western Avenue. That is right between the Burger King and Key Bank, I believe. We are really excited about this project and are suggesting a seven (7) year real estate property phase-in tax abatement. We are excited because it will be bringing more jobs to the west side. Over $1.6 million will be invested between the land,property and equipment. Currently, the parcel is not generating any taxes. After the investment and build out, in about a ten (10) year span, we are looking at $126,000 paid in taxes. Just a few other highlights about the project (referencing a slide in a presentation which is available in the City Clerk's Office), the parcel is about one (1) acre and the building will be approximately 3,000 square feet. They are looking to break ground as soon as possible and it will take about three (3) months to build, weather p-linitting. Again, there is $1.1 million invested in the land and about$500,000 invested in machinery so that is over$1.6 million in investment. This slide shows the breakdown in investment. Again, there are no taxes being generated at this time. You will see the amount abated there but there will be over$60,000 in taxes paid on this property. Again, we are excited about the job creation. We are looking at twenty (20) full-time jobs and twenty-five(25)part-time.This will be open year-round and in the summer time that number may be even higher. Vandna Patel, 10100 Pemburry Drive, Granger, IN, stated, Austin has covered pretty much everything. We are ready to break ground. We already have a small Dairy Queen with a walk-up window that was built in the 1950s and it still exists. I have a lot of people that have approached me for a job but being a very small store, I can only accommodate five(5)to seven(7)people and that is pretty much it. The amount of applications and inquiries I've gotten, I have offered jobs at other locations but transportation has been a problem. So putting it here would put it within walking distance for a lot of these folks, making it easier for them. Committee Chair Ferlic opened the floor to questions or comments from Committee and Council Members. Committee Chair Ferlic stated, I know retail typically falls outside of our tax abatements. What makes this unique? Councilmember Jake Teshka arrived at the meeting at 3:40 p.m. Mr. Gammage replied, The opportunity for development along Western Avenue is huge. I know we had the Martin Luther King Jr. Center two (2) years ago but this is an opportunity to increase EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 455 County-City Building 227W Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f574.235.9173 TTD 574.235.5567 www.southbendin.gov 3