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Filed in Clerk's Office <br /> O C T 2 3 2024 <br /> -__ CITY OF SOUTH BEND Bianca Tirado <br /> City Clerk, South Bend, IN <br /> COMMUNITY INVESTMENT <br /> Pair? <br /> October 23, 2024 <br /> Council Member Troy Warner <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: Hotel/Motel Development Real Property Tax Abatement <br /> Petition for the AFP 111 Corp. (DoubleTree by Hilton South Bend) <br /> Dear Council Member Warner, <br /> Please find the enclosed Confirming Resolution and Memorandum of Agreement for a <br /> Hotel/Motel Development real property tax abatement for AFP 111 Corp., a foreign for-profit <br /> corporation. <br /> The petitioner intends to renovate the DoubleTree hotel at 123 N. Dr. Martin Luther King Jr. <br /> Boulevard. The ownership group since 2017 has invested more than $4.4 million in the property <br /> and is in the process of planning a major renovation to the guestrooms, bathrooms, restaurant <br /> spaces, ballrooms, and meeting rooms. Other planned improvements concern sprinkler pipe <br /> replacements, boiler conversions, elevator upgrades, and HVAC replacements. <br /> The total investment for this project is $9,200,000. The project meets the qualifications for a <br /> nine-year (9) hotel/motel development real property tax abatement. <br /> A representative from AFP 111 Corp. will be available to meet with the Committee on Monday, <br /> October 28, 2024. <br /> Should you or other Council members have questions about the report or need additional <br /> 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.Indiana 46601 p 574.235.9371 www.southbendin.gov <br />