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Bill No. 23-44 Advantix Corporation CONFIRMING -Multiple Properties 10 Year Real Property Tax Abatement
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Bill No. 23-44 Advantix Corporation CONFIRMING -Multiple Properties 10 Year Real Property Tax Abatement
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7/6/2023 10:56:35 AM
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City of South Bend Instructions: Complete pages 1-3 =" <br />AND the proper Form 513-1 for <br />Petition for Incentives the type oEabatement (real <br />property or perianal property) <br />Petition must include o 5250 frling fee payable to the City Clerk's Office for which you are applying. <br />before processing can be complete <br />General Information Project Name I North Pointe Apartments I _Project Number <br />+regal name as registered with <br />SecretaryofState Advantix Development Corporation <br />Business structure 501c3 not for Profit <br />Company website <br />www.advantixcorp cam <br />Proposed Project Information _ <br />Proposed project address 900 S Franklin St (main location) Parent company name Advantix Development Corporation <br />City, State, Zip I South Bend, IN 46601 Legal owner N/A <br />Site acreage or acreage required Is the real estate owned <br />N/A or leased? Owned <br />Square feet of facility 164,162 If leased, by whom? <br />Primary company contact name Brandon Shields rue Broker & Busiress Development Manager <br />Address of company contact 500 SE 10th St. Phone 8127223371 <br />City, State, Zip I Evansville, IN 47713 Email brandon.shields@advantixcorp. cam <br />firh <br />Company senior official name Title <br />Tim Martin COO <br />Address of company contact Phone <br />(if different from above) Same as above 8124288500 <br />CIty,State. Zip Email tim_martin@advantixcorp_com <br />Cvnsultent•InforrrtattortrAge tT + j`'< j ! `' '?'71 �' !,� •{, <br />Hired business consultant/agent name f Consultant release? (Y/N) <br />Address Local economic development partners I <br />approval? (Y/N) <br />City, State, Zip Email <br />Brief description of your <br />company, project, andwhythe 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 />ecanamit growth <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 afff.rdi 0A.0k Rk sr6 fjbeut <br />the city. Affordable housing is essential tc the I illy lel ill viability if an,t <br />city. <br />JUN 2 1 Zn? <br />Certified Technology Park appropriate <br />Is the project in a Tax Incremental Financing <br />ITIF)area? If so, which? River West <br />tiave Building permits been issued? IYJN( N <br />(Note -Noe eligible for abatement if Yes] <br />It this is a petition for perianal property tax abatement, has <br />the equipment been Installed? <br />r)AWN IIA AnNPq <br />CfTYCLERK, SOUTH BEND, IN <br />Number of residential units created by <br />protect 50 <br />Investment Details - <br />Public Infrastructure needs Has any SIX 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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