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Santiago Garces, Executive Director <br />January 19, 2022 <br />Council Member Rachel Tomas Morgan, Chairperson <br />Community Investment Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Real & Personal Property Tax Abatement Petition for: JEM Farms South Bend, LLC <br />Dear Council Member Tomas Morgan: <br />Please find the attached information pertaining to a real and personal property tax abatement petition <br />submitted by JEM Farms South Bend, LLC to build a new production facility at an intersection of Calvert <br />Street and Renewable Drive, South Bend, IN 46613 and purchase new logistical distribution equipment. <br />This petition package includes: <br />Department of Community Investment’s summary report <br />Petition <br />Statement of Benefits forms (Real and Personal properties) <br />Supporting information <br />The report contains the Department’s findings relative to the above petition. The petitioner proposes to <br />invest approximately $60,000,000 in new construction and purchase new logistical distribution equipment <br />with estimated cost of $118,000,000. A total project cost is approximately $178,000,000. A representative <br />from JEM Farms South Bend, LLC will be available to meet with the Committee on Monday, January 24, <br />2022. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 574-235-5838. <br />Sincerely, <br />Angelina Billo <br />Director of Business Development <br />BILL NO. 22-02 & 22-066