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AUQ 19 2020 <br />City of South Bend <br />n N: <br />Petition for Incentives <br />'-sol. <br />Petition must include a $750 fllmg fee payable to the City Clerk's Ohice or online via the City's website at <br />sua.onny,INn va duk.feam sou. <br />hffp.-Il uthbendin.gwlgmmment/content/tax-abatement before processing can be complete <br />NA <br />General Information Project Name 58 Mutual Homes II Project Number <br />Legm namea,reei,teredwim seaetaryef South Bend Mutual Homes II, L.P. (a to -be -formed limited partnership) <br />ir. <br />Business svuanre Limited partnership with 99,99% limited partner equity investor and two general partners <br />Company web,de No website. See attached ownership entity diagram. <br />Proposed Project Information <br />Proposed project address See attached list Parent company name South Bend l tentage Foancalinn 3 nl has <br />C", state, zip South Bend, IN legal ayrier See attached. <br />steaaeageoraceagereguired <br />1,31 acres boerealestateavnedn Land will be purchased. <br />Square feet of facility <br />13,203 If leased by wham Low and moderate income residents, <br />Primary Contact Information <br />Primary company contact name Anre Mannix Title Co -developer <br />Address of wmpan, contact 724 W. Washington Iphone 574-2884369 <br />City, state, n° South Bend, IN 46601 Fiiail Iamannix.nda@gmail.com <br />Senior Official Information <br />Com on n, senior official name <br />Marco Manani <br />Toe <br />Co -developer <br />Amrezzol company contact (if diik.entfrom <br />shovel <br />803 Lincoln Way West <br />phon` <br />574-289-1066 <br />bty, state, In South Bend, IN 46616 <br />Email <br />marcomarini@sbheritage.org <br />Consultant Information/Agent <br />Hired business consultant/agent name NA <br />C.m.1tamneleme h/Nl <br />Address <br />Local economic dwtlopmentparmees <br />approval N <br />City, State, ib <br />Frail <br />Project Overview <br />Brief description of your <br />company, project, and why the <br />he project will consist of 10 two, three and four bedroom single family homes to <br />property is neasennyfar <br />be located In the Southeast neighborhood. This newly constructed housing will <br />"apap"°py'th <br />help to stabilize the surrounding areas by bringing in new residents. As far as the <br />impact on businesses, the new residents will patronize retail businesses in the <br />area. The housing will provide affordable living options forworkers with modest <br />wages at nearby businesses. <br />The National Association of Home Builders (NAHB) estimates that every 100 <br />typical tax credit apartments generate approximately $7.9 million in local income, <br />$827,000 in taxes and 122 local jobs within one year. On an annually recurring <br />basis, the same development produces $2.4 million in local income, $441,000 in <br />taxes and 30 local jobs. <br />Cesdiied Technology Park appropriate <br />NA <br />Is the project in a Tax Incremental finanWg yes - See attached list. <br />tri s . <br />Certify that the Building Permit has not been yes - permit not issued. Number of residential units noted by 16 <br />ly/N <br />B this a a petition far personal propenytax abatement,has NA <br />then ui ment been installed <br />Investment Details <br />Public Infrastructure needs i00- <br />site of project in dollars) <br />Has any BW funding been <br />seceded? <br />What is thevalue of any equipment being mraased in <br />Indiana for the project? <br />What hthevalueof any equipment being <br />punch died from out of state for th e protect? <br />sua.onny,INn va duk.feam sou. <br />NO <br />NA <br />NA <br />TH BEND, IN <br />