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City of South Bend t <br />Petition for Incentives <br />Petition must include a$250 filing fee payable to the City Clerk's Office <br />before processing can be complete <br />r nr <br />General Information Project Name I Project Numaer <br />Legal name as registered with Secretary of <br />SoMa Capital LLC 1StateI rrn rt <br />Business structurelimited liability <br />LO L <br />Company website <br />n/a <br />l <br />neon.q i AA 1r1NCS <br />Proposed Project Information CITY CLERK,SOUTH BEND, IN <br />Proposed project address 1536 S. Main Street Parent company name <br />none <br />City,State,Zip I South Bend, IN 46601 legal owner <br />SoMa Capital LLC <br />Site acreage or acreage required <br />0.25 acres Is the real estate owned or Owned <br />3• <br />Square feet of facility j11,212 If leased by whom <br />Primary Contact Information <br />Primary company contact name Mark Neal Title Co-Manager <br />Addressor company contact 321 S. Main St.,#306 Phone 574-339-9406 <br />City,State,Zip South Bend, IN 46601 <br />Email <br />mneal@bradleyco.com <br />Senior Official Information <br />Company senior official name Title <br />same as above <br />Address of company contact(if different from Phone <br />above! <br />City,State,Zip Email <br />Consultant Information/Agent <br />Hired business consultant/agent name <br />era <br />Consultant release(Y/N) <br />Address Local economic development partners <br />approval(Weil <br />City,State,Zip Email <br />Project Overview <br />Brief description of your <br />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 (jobs, <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 <br />ri a <br />Is the project in a Tax Incremental Financing <br />lTts l area If so.which? <br />Yes, River West <br />Have Building Permits been issued?(YIN) INo Number of residential units created by 12 <br />Mete-Not oligiblo for abaromw+r If Yes! 2rni Pd <br />If this is a petition for personal property tax abatement,has <br />the.auinment bnnn installed <br />n/a <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 arty 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