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Filed in Clerk's Office <br /> ` -,1 CITY OF SOUTH BEND <br /> JUL 19 �Q�� <br /> Y , COMMUNITY INVESTMENT <br /> ..:�l DAWN M.JONES <br /> _---� CITY CLERK;SOUTH BEND, IN <br /> July 19, 2023 <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: Confirming 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. On <br /> July 10, the Common Council approved Declaratory Resolution No. 5039-23 for this abatement. <br /> The Council will now consider the Confirming Resolution. 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. A representative from Five <br /> Corners LLC will be available to meet with the Committee on Monday, July 24, 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 /> 14005 County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.2359371 www.southbendin.gov <br />