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Bill No. 23-02 Approving a lease between S.B Redevelopment Authority & S.B Redvelopment Commission
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Bill No. 23-02 Approving a lease between S.B Redevelopment Authority & S.B Redvelopment Commission
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Last modified
1/18/2023 4:36:50 PM
Creation date
1/18/2023 3:50:46 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
Ord-Res Number
4998-23
Bill Number
23-02
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SOUTH BEND REDEVELOPMENT COMMISSION <br /> Supporting Information-River East <br /> River East 1 Economic Development Area <br /> LARGE TAXPAYERS IN THE RIVER EAST ALLOCATION AREA(1) <br /> The following is a list of the ten largest taxpayers by net assessed valuation located within the Allocation Area. <br /> Percent of <br /> Total <br /> Pay 2023 Net <br /> Net Assessed Assessed <br /> Name Type of Business Valuation Valuation <br /> (1) <br /> Eddy Street LLC Retail,mixed-use $12,961,300 3.58% <br /> TMF III Saint LLC (2) Apartments 7,350,900 2.03% <br /> Irish Gold Holdings LLC Student Housing 6,842,000 1.89% <br /> BCG LLC Student Housing 5,501,300 1.52% <br /> AM General LLC Engineer and vehicle manufacturer 4,588,700 1.27% <br /> Vivo Apartments South Bend LLC Apartment Complex 3,103,400 0.86% <br /> Commerce Center Development LLC (2) Commercial Office Building 2,983,636 0.83% <br /> All American Rental Service LLC Residential Rental Company 2,625,200 0.73% <br /> River City Real Estate LLC Family Primary Care 1,898,600 0.53% <br /> Colfax Hill Partners LLC Apartment Complex 1,744,887 0.48% <br /> All other taxpayers 311,984,987 86.28% <br /> Totals $361,584,910 100.00% <br /> (1) Per the St.Joseph County Auditor's Office. <br /> (2) The taxpayer has an appeal outstanding. <br /> (Subject to the attached letter dated December 2, 2022) <br /> (Preliminary-Subject to Change) <br /> (For Internal Use Only) <br /> 21 <br />
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