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01-22-2024 Community Investment Meeting Minutes (Signed)
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01-22-2024 Community Investment Meeting Minutes (Signed)
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CITY OF SOUTH BEND OFFICE OF THE CLERK <br /> Erik Glavich, Director of Growth and Opportunity, 14th floor of the County-City Building gave <br /> a presentation concerning Bill No. 24-03, a resolution confirming a tax abatement originally <br /> approve in 2019 with the South Bend Chocolate Company and the Indiana Dinosaur Museum. <br /> During the designation period of the abatement the property owner must make improvements <br /> to the property. For this abatement, the time to make improvements to the property expired at <br /> the end of 2022, but due to the COVID-19 Pandemic there was a delay. The property is almost <br /> completed with a plan to open the facilities in April or May. This resolution would confirm the <br /> abatement that was passed in 2019 and would allow Mr. Tamer to receive the benefits as was <br /> presented in the 2019 abatement. <br /> Mark Tamer, 1502 E. Lasalle Street, South Bend, Indiana 46617 continued the presentation, <br /> with the pandemic they are exactly two years behind schedule, but the complex will open <br /> around April or May 2024. Private investment is around $16 million, and he believes that its <br /> going to go back to the city. <br /> Chair Warner thanked Mr. Glavich and Mr. Tamer for the narrative concerning Bill No. 24-03 <br /> and proceeded to open the floor to the Committee for questions. <br /> Committeeperson Gooden-Rodgers asked the presenters what the expected competition date <br /> will be. <br /> Mark Tamer stated that April or May, depending on outside construction but the artists are <br /> running a little bit behind. <br /> Committeeperson Bolden-Simpson asked how many jobs the complex will provide. <br /> Mr. Tamer responded that at least onehundred and fifty(150)jobs with several volunteer <br /> opportunities as well. <br /> Erik Glavich states that as a part of the Reconfirming Resolution, Mr. Tamer would be signing <br /> a new memorandum of agreement which will layout his commitments for the abatement which <br /> will mirror the agreement signed in 2019. In 2019, that memorandum of agreement states that <br /> Mr. Tamer will retain fifty-four(54) full-time jobs and hire seventy (70) new full-time jobs. <br /> Mr. Tamer stated that there will also be a new South Bend Public House in the facility and that <br /> will employee sixty(60)to seventy (70) full and part-time employees just for the restaurant. <br /> Chair Warner asked what the timeline was for opening the restaurant. <br /> Mr. Tamer responded around the same time as the rest of the complex. <br /> Councilmember White asked if the abatement was just an extension or if it included additional <br /> funds. <br /> Erik Glavich stated that it was just an extension because the pandemic made the original <br /> timeline unreasonable. <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 455 County-City Building 227 W.Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 r574.235.9173 TTD 574.235.5567 www.southbendin.gov <br />
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