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City of South Bend Y ; <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 r <br /> General Information Project Name i Project Numyer <br /> Legal name as registered with Secretary of <br /> Scare SoMa Capital LLC rrn r. nn. <br /> Business structure limited liability i <br /> company websiten/a ` i __ 1 <br /> 1 rI AU/AI AA (r-NCS <br /> Proposed Project Information 1 CITY CLERK,SOUTH I END. IN <br /> Proposed project address 1536 S. Main Street Parent company name (none <br /> City,State,Zip South Bend, IN 46601 Legal owner SoMa Capital LLC <br /> Site acreage or acreage required 0.25 acres Its the real estate owned or I Owned <br /> Square feet of facility <br /> 111,212 Iif leased by whom <br /> Primary Contact Information <br /> Primary company contact name (Mark Neal (Title Co-Manager <br /> Address of company contact 321 S. Main St.,#306 Phone 574-339-9406 <br /> City,State,Zip 1South Bend, IN 46601 `Email mneal@bradleyco.com <br /> Senior Official Information I <br /> Company senior official name I Tithe <br /> same as above <br /> Address of company contact rd different from Phone <br /> abgvvl <br /> City.State,Zip Email <br /> Consultant Information/Agent <br /> Hired business consultant/agent name 1 n/a Consultant release(Y/N) <br /> Address Local economic development partners <br /> aoproval n/NI <br /> City,State,Zip I Email <br /> Project Overview <br /> Brief description of your Redevelopment of a 1915 downtown apartment building which fell into <br /> company,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 n/a <br /> Is the project in a Tax Incremental Financing <br /> (TIF)area? H so.whirl,? Yes, River West <br /> Have Building Permits been issued?(Y/N) N O Number of residential units created by I1G ry <br /> Moto-Not Nltlble foe abntornent it Y.<1 <br /> If this Is a petition for personal property tax abatement,has <br /> the enuinment been installed n/a <br /> Investment Details <br /> Public Infrastructure needs(Off- Has any SO4 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 <br />