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Filed ir) CIork's Office <br /> JUN 212J ,1 <br /> CITY OF SOUTH BE ©AWN M JON <br /> C O M M U N I TY INVESTMENT ct_ �K'���� '� <br /> June 21, 2023 <br /> Council Member Rachel Tomas Morgan <br /> Chairperson, Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor, County-City Building <br /> South Bend, Indiana 46601 <br /> RE: Confirming Resolution: Mixed Use Development Real Property Tax Abatement for <br /> RealAmerica Development, LLC <br /> Dear Council Member Tomas Morgan: <br /> Please find the enclosed information pertaining to a real property tax abatement petition <br /> submitted by RealAmerica Development, LLC. The Common Council will consider a mixed-use <br /> development real property tax abatement for parcels that are included in a low-income housing <br /> tax credit project named Diamond View Apartments, which is comprised of an affordable <br /> housing building and a market-rate apartment building with offices. <br /> On June 12, the Common Council approved a Reconfirming Resolution for the affordable <br /> housing building and a Declaratory Resolution for the mixed-use/market-rate building. The <br /> Council will now consider the Confirming Resolution for the market-rate building. This petition <br /> package includes: <br /> • Department of Community Investment's summary report <br /> • A summary provided by the petitioner of the project <br /> • Petition for abatement <br /> • Statement of Benefits forms (SB-1 / Real Property) <br /> • Supporting information <br /> The report contains the Department's findings relative to the above-mentioned petitions. In <br /> summary, the abatement covers the 60-unit market-rate apartment building with offices. A <br /> representative from RealAmerica will be available to meet with the Committee on Monday, June <br /> 26, 2023. <br /> If you or any of the other Council members have questions concerning the report or need <br /> additional information, please feel free to call me at(574) 235-5838. <br /> Sincerely, <br /> Erik Glavich <br /> Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />