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City of South Send <br />Petition for Incentives <br />Petition must include a $250 filing fee payable to the City Clerk's ice <br />before processing can be complete <br />General Information Project Name <br />ILeplname asregistered with Secretary of SoMa Capital LLCState <br />Businessstructurelimited liability <br />Company website n/a <br />Proposed Project Information <br />IProposed project address 1536 S. Main Street <br />ICity, State, Zip ISouth Bend, IN 46601 <br />Site acreage or acreage required <br />0.25 acres <br />Square feet of facility 11,212 <br />Primary Contact Information <br />IPrimary company contact name Mark Neal <br />IAddress ofcompany contact 321 S. Main St., #306 <br />ICity, State, Zip ISouth Bend, IN 46601 <br />Senior Official Information <br />Company senior official name same as above <br />Address of company contact (if different from <br />Onvol <br />City, State, Zip I <br />Consultant Information/Agent <br />Hired business consultant/agent name 1 n/a <br />Address I <br />City, State, Zip <br />n.n <br />Project Numl ger <br />y <br />rr,rI <br />I LU L i L;J <br />I <br />CITY CLERK, SOUTH [-END, IN <br />Parent company name <br />Legal owner <br />none <br />SoMa Capital LLC <br />Is the real estate owned or <br />Owned <br />leered <br />If leased by whom <br />ritle Co -Manager <br />Phone <br />574-339-9406 <br />Email <br />mneal@bradleyco.com <br />Title <br />Phone <br />Email <br />Consultant release (Y/N) I <br />Local economic development partners <br />aooroval WN <br />Email <br />Project Overview <br />company, project, <br />on <br />and Redevelopment of a 1915 downtown apartment building which fell intocompany, project, and why the <br />property is necessary for neglect due to seriously deferred maintenance and two fires in the last <br />economic growth 5 years. Building would be expanded to 12 units (originally 8) with <br />restored brick facade and completely new infrastructure of plumbing, <br />electric, HVAC systems and new appliances. Leasing would target <br />entrepreneurs or other innovation focused individuals (emerging small <br />business owners) and include 20% affordable units at 80% AMI. This <br />smaller residential development proximate to city resources Qobs, <br />entertainment, leisure activty) will provide an enhanced community <br />experience with greater population density to improve livability, safety <br />and downtown dynamism. <br />Certified Technology Park appropriate n/a <br />Is the project in a Tax Incremental Financing Yes, River West <br />TIF i area? If sn- which? <br />Have Building Permits been issued? (Y/N)O <br />I Number of residential units created by 12 <br />rNote-Not elieibla for abatepret If V -1l I oroiect <br />If this is a petition for personal property tax abatement, has ! n/atheeauipmentbeeninstalledj <br />Investment Details <br />Public Infrastructure needs (Off- Has any 504 funding been What is the value of any equipment being purchased in What is the value of any equipment being <br />site of project in dollars) received? Indiana for the project? purchased from out of state for the project? <br />n/a No n/a 0