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FYf <br />McKinley Apartments Housing Partners, L.P. <br />William Hollingsworth <br />12557 Branford Street <br />Carmel, IN 46032 <br />February 16, 2008 <br />Ann Puzzello <br />4~' District Council Member <br />The City of South Bend Common Council <br />227 West Jefferson Blvd., Suite 400S <br />South Bend, Indiana 46601 <br />Deaz Ms. Puzzello: <br />Your continued concern for current residents and homeowners adjacent to the proposed McKinley <br />Apartments and the economic development and investment in South Bend is admirable, and your <br />support of this rezoning and tax abatement demonstrates that concern. <br />McKinley Apartments Housing Partners, L.P. will own the proposed apartment complex for a <br />minimum of thirty (30) years. I expect to be the sole member of the General Partner, Equal <br />Holdings II, LLC, for thirty (30) years. As longs as I am involved in this project, this property will <br />not apply for or enter into any agreement to become a project based "Section 8" federally <br />subsidized property. As I have mentioned on several occasions this is not an option for this <br />property because of the "tax credits" that would be involved with this project. <br />Thank you for your concern and your support of McKinley Apartments. <br />Sincerely, <br />/' i ~ c <br />William Hollings orth <br />Sole Member of the General Partner <br />McKinley Apartments Housing Partners, L.P. <br />~~~~o~~® <br />FEB 1 9 2008 <br />~~~Y't~'~ ®~e~~~ <br />Fi1~d ~~1 <br />FEB ~ g 2008 <br />JOlld vS0~0E D, IN. <br />CITY Gi-ERK, <br />.,~,.-- <br />AREA PLAPI Ct;3cdiNliSB3~6J <br />