Laserfiche WebLink
I; <br /> ..,.:. : : _ ..-1 <br /> 1%1/4. <br /> CITY OF SOUTH BEND <br /> I ; :-; In Clerk'sOffice <br /> COMMUNITY INVESTMENT <br /> JIL 0 5 2023 <br /> UAWN MONES <br /> July 5, 2023 'i ► Cl ERK,SOUTH.JBEND,[ _ J <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: Mixed-Use Development Real Property Tax Abatement <br /> Petition for Five Corners LLC <br /> Dear Council Member Tomas Morgan: <br /> Please find the enclosed information pertaining to a mixed-use development real property tax <br /> abatement petition submitted by Five Corners LLC, an Indiana Limited Liability Company. The <br /> petitioner plans to construct a new residential and retail development at the northeast corner of <br /> Eddy Street/State Route 23 and Campeau Street in South Bend. 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 will construct 108 residential apartments, four(4) for-sale condo units, and <br /> approximately 5,000 square feet of retail space. The total private investment for the project is <br /> $31.5 million. <br /> The project meets the requirements established by Sections 2-79 et seq. and would qualify for a <br /> ten-year(10) mixed-use development real property tax abatement. Representatives from Five <br /> Corners LLC will be available to meet with the Committee on Monday, July 10, 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 /> 1400S County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />