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r— <br />AUG 1 b 2(120 <br />City of South Bend <br />Petition for Incentives 4WA <br />Petition Muyt/nWde af250fiUngfepayab/e m the Qty MWe oflte at onflhe vra the 01y's webeire of :i <br />bttp://souNbend/nAov/gawmment/ranrent/taaabanmentbr(arepmasslnpern bemmpfete "�" <br />General Information Project Name I Lay Way senimAWrlmeNa I Project Number <br />Baal namamrNlmerN MQSavamryM Commonwealth Development Corporation of America <br />n,slammanvn Corporation <br />C011p°"Prrenro< www. commonwealtheo.net <br />Proposed Project Information <br />prapomd prna s WcWtss 505, 507,511 and 513 S Michigan Par m"1'Pa" amme Commonwealth Holdings, LLC <br />city. sham. im I South Bend, IN 46601 Leoa""'er TBD <br />nn nraap m aveaan re 0.7 Acres umerealmwammeanr Owned <br />'amreM1nof mdary _76000 Itlaamdaywlam Apartments will be leased <br />Primary Contact Infarmaibn <br />mmarrmmpmvmmammmp Jonathan Nesburg °te VP of Development <br />Aadmssorm,manvmnmo 401 Hall St SW, STE 112K 'mme 231.360.7186 <br />oty, smm, Be Grand Rapids, MI 49503 ane° <br />p I•nesburgQo commonwealthco.net <br />Senior Olncial Infonnatlan <br />Company Mahn aMdal name <br />Kdsti Morgan al. President <br />All afmmpany mnmdlM dleerant nom <br />m <br />7417 University Ave, Suite 210`6°"` 608-824-2292 <br />rhetnm,ap Middleton, WI 53562 G1a° k.morgan@commonwealthco.net <br />Consultant Irdormation/Agent <br />"bad muteme mnmblryaemlenan, Conmlmnl rslmm V/til <br />"arm bmlemnamadmeopmempemnem <br />me <br />Oty,aLle. ap Email <br />Project overalew <br /><omedinr. moled.lylnn <br />City Way Senior Apartments is applying for an award of Rental Housing Tax <br />piopety 1f °"°'•'a, <br />Credits through the Indiana Housing and Community Development <br />atammmkW <br />araF <br />Authority. The property proposes 60 units of one and two bedroom <br />apartments for seniors. By redeveloping the former Fat Daddy's site that <br />has sat vacant and underutilized for many years, the senior housing project <br />will not only serve the community's seniors with a high quality affordable <br />housing option it will also serve as a catalyst for future investment into an <br />area of the City that acts as a major gateway into the heart of downtown. <br />The investment will spur jobs, and continued investment in an area that has <br />been neglected for decades. <br />CertMM ieAntleeY hrF appreprlem <br />lauep.aeatw.nam[mmm,m nnanaa, Yes, River West Development Area <br />cwly Mneehe eveelap pmanubaanehbeea <br />Yes �`P0r"aa`ne"""'h`vfWby 60 <br />I(Mn b a pendmi tar Panamaprppem h4 abatNamp hR <br />IhPP mnnt90 <br />F^NSmlled <br />Investment Details <br />hlnclnhadrvnumneeda lnfF <br />elle olprgemla debnl <br />lean <br />Nnany had? <br />remluedl <br />VMath mevalmorna for 1pnmlect? pwehuad In <br />Indiana for Ne proreeti <br />Va,ee lr[he rdue olanY tyulpmen[MIN <br />punFaped ham au[aldam kr Me prgen7 <br />IN <br />