04-28-08 Council Meeting Agenda & Packet

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I.C., 6 -1.1- 12.1 -1, et se . and South Bend Municipal Code Sec. 2 -76 et seg., for this petition states the following: 1. Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: This office building is located at 1433 Northside Blvd. in South Bend, and was purchased by River Rock, Inc., a real estate holding company for Force 5 Media, Inc. on April 14, 2008. The building was previously owned by the LaSalle Council, Boy Scouts of America. Force 5 Media is a 5 year old company in South Bend, and. specializes in marketing and advertising. Force 5 Media is in the process (State of Indiana) of being a certified Women Business Enterprise (WBE). The office building is approx. 46 years old. The purchase of the building includes 5 parcels of land. Proposed renovations will include the replacement of the roof, electrical enhancements, computer line infrastructure, new ceilings and flooring, kitchen /break room plumbing improvements, and exterior repair and painting. These repairs and renovations are necessary to the success of the new business in this location. The expansion of the current business from a leased space to the new fully owned space will also allow for additional employees to be hired as new projects demand. Land Size .8176 acres; Building Size 5.432 sq. ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (attach additional sheet if more space is needed): Force 5 Media, Inc. is an advertising and marketing company currently located in leased space in downtown South Bend. The company currently has 8 employees assigned to a variety of tasks relative to advertising and marketing for a number of clients. The operations include the design and creation of web sites, video and audio production for broadcast, design and production for magazine ads`, billboards, brochures, etc., and strategic marketing planning. Force 5 Media's clients include a number of local companies, as well as companies with a national scope. Current clients include: Notre Dame Pre - College, Saint (Rev 10/23/06)