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City of South Bend Instructions:Complete pag 1-3 FileC '�. �► rk's Office <br /> AND the proper Form SB-1 r <br /> Petition for Incentives the type of abatement(re �r _` ;5' <br /> property or personal prop! y) <br /> Petition must include a$250 filing fee payable to the City Clerk's Office <br /> for which you are applying �/ 2123 <br /> before processing can be complete <br /> General Information Project Name TBD Pitied Nontker DAWN M.JQNES <br /> Legal name as registered with KCG Companies, LLC (Florida entity) I Gi Y t;t,�.RK,SOUTt, BEND,IN <br /> Secretary of State <br /> Business structure LLC <br /> Company website https://www.kcgcompanies.COM/ <br /> Proposed Project Information <br /> Proposed project address 1202 S. Lafayette Blvd. Parent company name KCG Companies <br /> City,State,Zip South Bend, IN 46624 legal owner Dept.of Redevelopment-City of South Bend <br /> Site acreage or acreage required 0.92 acres Is the real estate owned <br /> or leased? Owned by Dept.of Redevelopment <br /> Square feet of facility Approx. 50,500 If leased,by whom? N/A <br /> Primary Contact Information <br /> Primary company contact name Todd Jensen 'r't1e VP of Development-Midwest <br /> Address of company contact 9311 N.Meridian St,Ste. 100 Phone (317)688-1729 <br /> City,State,Zip Indianapolis, IN 46260 Email todd.jensen@kcgcompanies.com <br /> Senior Official Information <br /> Company senior official name RJ Pasquesi ritle President <br /> Address ofntfromany bove) 9311 N.Meridian St, Ste. 100 Phone 317-708-6519 <br /> (11 different from above) <br /> City,State,Zip Indianapolis, IN 46260 Email rj.pasquesi@kcgcompanies.corn <br /> Consultant Information/Agent <br /> Hired business consultant/agent name N/A Consultant release?(Y/N) <br /> Address local economic development partners <br /> approval?(v/N) <br /> City,State,Zip Email <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the Founded in 2015,KCG Companies is an Indianapolis-based,developer,builder and manager of <br /> propenyls necessary for affordable housing. KCG would like to be part of the solution to address the affordable housing <br /> economic growth shortage in South Bend now&in the future. Please see the attached KCG Resume for additional <br /> background on our company. <br /> KCG Development is proposing a 50-unit,multifamily affordable housing development consisting of <br /> 30 one-bedroom&20 two-bedroom units Rents would be a mix of 60%,50%&30%of the Area <br /> Median Income(AMI)with eight units offering Project-Based Vouchers.The property is currently a <br /> vacant parcel. KCG will be competing for Low Income Housing Tax Credits(LIHTC)with the Indiana <br /> Housing&Community Development Authority. If successful in receiving a satisfactory LIHTC <br /> award,KCG would move forward on this project with total development costs currently projected at <br /> approximately$12.5MM.Providing quality,affordable housing in the downtown area is crucial to the <br /> area's economic growth. Many employees want to live close to their jobs-especially given the high <br /> gas prices the last Few years.With the loss of hundreds of affordable housing units in the area due <br /> to the recent closings of Rabbi Shulman&Monroe Circle Apartments,replacing those units so that <br /> residents can continue to live and work in the downtown area is important for the local economy. <br /> Certi fled Technology Park appropriate No <br /> Is the project In a Tao incremental Flnandng <br /> (TnF)area? If so,which? Yes, River West Development Area <br /> Have Building Permits been Issued?(y./N) 'Number of residential units created by 50 <br /> [Note-Not eligible for abatement if yes) No project <br /> If this Is a petition for personal property too abatement,has <br /> the equipment been installed? Equipment has not been installed. <br /> Investment Details <br /> Public infrastructure needs Has any 560 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 /> No <br />