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Bill No. 23-40 Advantix Development Corporation Declaratory Res. Multi-Family Development Real Property Tax Abatement - Multiple Properties
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Bill No. 23-40 Advantix Development Corporation Declaratory Res. Multi-Family Development Real Property Tax Abatement - Multiple Properties
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6/22/2023 10:28:50 AM
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Cityof South Bend Instructions:Complete pages 1-3 <br /> AND the proper Form S11-1.for .' <br /> Petition for Incentives the type of abatement(real <br /> property or personal property) <br /> Petition must include a$250 filing fee payable to the City Clerk's Office for which you are applying. <br /> before processing can be complete <br /> General Information Project Name North Pointe Apartments Project Number <br /> Legal name as registered with <br /> Secretary of State Advantix Development Corporation <br /> Business structure 501c3 not for profit <br /> Company website <br /> www.advantixcorp.com <br /> Proposed Project Information <br /> Proposed project address 900 S Franklin St (main location) Parent company name Advantix Development Corporation <br /> City,state,Zip South Bend, IN 46601 Legalowner N/A <br /> Site acreage or acreage required <br /> L/A Is the real estate owned Owned <br /> or leased? <br /> Square feet of facility <br /> 4,1 62 If leased,by whom? <br /> PIzr __,. <br /> intact Information <br /> Primary company contact name Brandon Snieids Broker&Business Development Manager <br /> Address of company contact 500 SE 10th St. Phone 8127223371 <br /> City,State,Zip Evansville, IN 47713 Email brandon.shields@advantixcorp.com <br /> tI,ipfbrrnation E'f= ?" `" t , <br /> Company senior official name Tim Martin Title COO <br /> Address of company contact Phone <br /> (if different from above) Same as above 8124288500 <br /> City,State,Zip I Email tim.martin@advantixcorp.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Consultant release?(Y/N) <br /> Address Local economic development partners <br /> approval?(Y/N) <br /> City,State,Zip Email <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the This is a 50 unit, scattered site 9% LIHTC project. The property will <br /> property is necessary for consist 50 units scattered throughout the city. Tax sale and BEP units <br /> economic growth g Y <br /> will be primarily used. The project will feature a modern design using <br /> the city's preapproved building plans. All of our projects are built LEED <br /> Silver standards, ensuring long term energy efficient homes. <br /> This project is vital as it adds valuable affdrdi Wie0JOf kf -6f bout <br /> the city. Affordable housing is essential to the I. . - .• • r .f any <br /> city. <br /> JUN 212U?i <br /> DAWN M J NFS <br /> Certifted Technology Park appropriate CITY CLERK,SOUTH BEND,IN <br /> Is the project in a Tax Incremental Financing <br /> (TIF)area? If so,which? River West <br /> 'Have Building Permits been issued?(YON) Number of residential units created by <br /> (Note-Not eligible for abatement if Yes) N project 50 <br /> If this is a petition for personal property tax abatement,has <br /> the equipment been installed? <br /> Investment Details <br /> Public Infrastructure needs Has any 504 funding been What is the value of any equipment being purchased in What is the value of any equipment being <br /> (Off-site of project in dollars) received? Indiana for the project? purchased from out of state for the project? <br />
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