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Filed in Clerk's Office , <br /> 7,,----- <br /> ,Z CITY OF SOUTH BENS L JUN 2 1 2023 <br /> - COMMUNITY INVESTMENTf CITY CDE CLERK,SOUTH IN <br /> June 21, 2023 <br /> Council Member Rachel Tomas Morgan <br /> Chairperson, Community Investment Committee <br /> South Bend Common Council <br /> County-City Building, 4th Floor <br /> South Bend, Indiana 46601 <br /> RE: Declaratory Resolution: Retail Development Real Property Tax Abatement Petition for <br /> Peak Investment and Asset Management LLC <br /> Dear Council Member Tomas Morgan: <br /> Please find the enclosed information pertaining to a retail development real property tax <br /> abatement petition submitted by Peak Investment and Asset Management LLC, an Indiana <br /> Limited Liability Company. This petition package includes: <br /> • Department of Community Investment's summary report <br /> • Petition for abatement <br /> • Statement of Benefits form (SB-1 / Real Property) <br /> • Supporting information <br /> The report contains the Department's findings relative to the above-mentioned petition. The <br /> petitioner plans to construct a retail center consisting of two brand new buildings (10,300 square <br /> feet total) at the corner of Portage and Elwood Avenues in South Bend. The site is currently a <br /> vacant gas station. The total private investment for the project is $1.44 million. <br /> The project meets the requirements established by Sections 2-79 et seq. and would qualify for a <br /> five-year(5) retail development real property tax abatement. A representative from Peak <br /> Investment and Asset Management LLC will be available to meet with the Committee on <br /> Monday, June 26, 2023. <br /> If you or any of the other Council members have questions concerning the report or need <br /> additional information, please contact me at(574) 235-5838. <br /> Sincerely, <br /> Erik Glavich <br /> Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 14005 County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />