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7,---- -i-- <br /> t CITY OF SOUTH BEND <br /> s L . cE 4COMMUNITY INVESTMENT <br /> January 7, 2024 Filed in Clerk's Office <br /> Council Member Troy Warner <br /> 8Chairperson, Community Investment Committee IA.N 0 ^ <br /> South Bend Common Council Bianca Tirado <br /> County-City Building, 4th Floor City Clerk, South Bend, IN <br /> South Bend, Indiana 46601 <br /> RE: Declaratory Resolution: Mixed-Use Development Real Property Tax Abatement for <br /> RSPG Global Consulting LLC <br /> Dear Council Member Warner, <br /> Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax <br /> abatement petition submitted by RSPG Global Consulting LLC, an Indiana Domestic Liability <br /> Company. This petition package includes: <br /> • Department of Community Investment's summary report <br /> • Petition for abatement <br /> • Statement of Benefits forms (SB-1 / Real Property) <br /> • Supporting information <br /> The report contains the Department's findings relative to the above-mentioned petition. The <br /> petitioner intends to redevelop the property at 225, 227 & 229 S. Michigan to reactivate the <br /> vacant building known as Center City Place. This includes restoring the historic facade, <br /> completing extensive repairs and renovations, and filling the building with active businesses. <br /> Creating new functioning spaces downtown will help to drive interest in developing other unused <br /> buildings in the immediate vicinity as well as bring more traffic to the small businesses currently <br /> operating in the area. <br /> The total investment for this project is $5,825,000. The project meets the qualifications for an <br /> eight-year(8) mixed-use development real property tax abatement. <br /> A representative from RSPG Global Consulting LLC, will be available to meet with the <br /> Committee on Monday, January 13, 2025. <br /> If you or other Council members have questions about the report or need additional information, <br /> please feel free to call me at (574) 235-5838. <br /> Sincerely, <br /> Joseph Molnar <br /> Assistant Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 14005 County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />