24-40 Designating Resolution - 530 South Michigan Street Real Property Tax Abatement

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City of South Bend Instructions:Complete pages 1-3811t AND the proper Form SB-1 for Petition for Incentives the type of abatement(real ' property or personal property) Petition must Include a$250 filing fee payable to the for which you are applying. "City of South Bend"before processing con be complete General Information Project Name 1 he Hope Building Project Number Legal name as registered with Secretary of State EmpowerHer Development, LLC Business structure Domestic Limited Liability Company Company website n/a Proposed Project Information Proposed project address Parent company name EmpowerHer Develop ment,LLC 530 S. Michigan Street P P City,State,Zip South Bend, IN 46601 Legal owner EmpowerHer Development,LLC Site acreage or acreage required 1.7 Is the real estate owned Owned or leased? Square feet of facility 16,296 If leased,by whom? n/a Primary Contact Information Primary company contact name Jasmine Bradley Title Co-owner Address of company contact 1143 E. Ireland Road,#1077 Phone (574)413-0081 City,State,Zip South Bend, IN 46614 Email inspire@thedreamcollectiveinc.org Senior Official Information Company senior official name Charity Stowe&Rachel Mospan Title Co-owners Address of company contact Phone (if different from above) 614 S. St. Joseph Street Charity:(574)300-8041;Rachel:(312)590-0062 City,State,Zip South Bend, IN 46601 Email Y p @s P �3rf chant herdevelo menl mail cam;rachelmos an mail corn Consultant Information/Agent Hired business consultant/agent name n/a Consultant release?(Y/N) Address Local economic development partners approval?(Y/N) City,State,Zip Email Project Overview Brief description of your company,project,and why the The Hope Building will be a transformative space,combining a commercial kitchen,food market,and property is necessary for boutique hotel to drive local economic growth.EmpowerHer Development is a collaboration between Charity economic growth Stowe and Rachel Mospan of Herstoric Development and Jasmine Bradley of the Dream Collective,and aims to create a collective model that reduces overhead costs and provides shared resources for local food entrepreneurs.South Bend currently has need of an accessible,affordable commercial kitchen space with hands-on business resources,to create fewer barriers for aspiring chefs and small business owners.This project directly addresses those challenges by offering flexible,affordable leasing options,mentorship,and coaching. In addition to the business development component,the food market will provide Monroe Park residents with consistent access to healthy,affordable food,which is currently scarce.The boutique hotel will further enhance the area,attracting visitors and providing additional revenue streams.By revitalizing the Hope Building,this project will foster a more vibrant local economy,stimulate job creation,and enhance the community's overall well-being.The combination of supporting small businesses,improving food access, and adding new amenities in an underserved but central area of downtown will make the area a hub for growth and inclusivity,contributing to the long-term economic vitality of South Bend. Certified Technology Park appropriate n/a Is the project in a Tax Incremental Financing (TIF)area? If so,which? River West Have Building Permits been issued?(Y/N) Number of residential units created by (, (Note-Not eligible for abatement If Yes) N project If this is a petition for personal property tax abatement,has the equipment been installed? n/a Investment Details Public Infrastructure needs Has any 504 funding been What Vs the value of any equipment being purchased in What Is the value of any equipment being (Off-site of project In dollars) received? Indiana for the project? purchased from out of state for the project? n/a No nia n/a