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BILL NO. 23-34 <br />CITY OF SOUTH BEND <br />COMMUNITY INVESTMENT <br />August 23, 2023 <br />Council Member Rachel Tomas Morgan <br />Chairperson <br />Community Investment Committee <br />South Bend Common Council <br />County -City Building, 41h Floor <br />South Bend, Indiana 46601 <br />Filed in Clerl 's Once <br />1 <br />AUG 2 b 1:V23 <br />i <br />OAwN M. JONES <br />CITY CLERK, SOUTH BEND <br />RE: Resolution Correcting Scrivener's Error: Retail Development Real Property Tax <br />Abatement Petition for Peak Investment and Asset Management LLC <br />Dear Council Member Tomas Morgan: <br />Please find the enclosed resolution correcting a scrivener's error in Resolution No. 5031-23, a <br />Declaratory Resolution adopted by the Common Council on June 26, 2023, and Resolution No. <br />5040-23, the subsequent Confirming Resolution adopted by the Council on July 10, 2023. <br />Collectively, these two resolutions provide a real property tax abatement for a retail <br />development by Peak Investment and Asset Management LLC. <br />The development receiving the abatement will consist of two retail buildings and a parking lot <br />over three parcels at the corner of Portage Avenue and Elwood Avenue. Unfortunately, the <br />abatement resolutions adopted by the Council included only one of the parcels and <br />inadvertently and in error excluded the other two parcels. The new resolution to be presented to <br />Council for consideration will add the two parcels to the abatement and correct the error. <br />If you or any of the other Council members have questions concerning the report or need <br />additional information, please feel free to call 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 227 W Jefferson Blvd South Bend.; ndiana46601 p S74 235 9371 www southbendin gov <br />