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irHQ <br /> CITY OF SOUTH BEND <br /> PF.n4 <br /> COMMU \ITY INVESTMENT Filed in Clerk's Office <br /> 1 <br /> 965 Oct 10, 2025 <br /> Bianca Tirado <br /> October 10, 2025 City Clerk, South Bend. IN <br /> Council Member Canneth Leet Council Member Troy Warner <br /> President Chairperson <br /> South Bend Common Council Community Investment Committee <br /> 4th Floor, County-City Building South Bend Common Council <br /> South Bend, Indiana 46601 4th Floor, County-City Building <br /> South Bend, Indiana 46601 <br /> RE: SUBSTITUTE Bill No. 25-39—A Resolution Amending Declaratory Resolution No. <br /> 4972-22 And Modifying And Reconfirming the Adoption of Declaratory Resolution No. <br /> 4972-22 (Real Property Tax Abatement for The Monreaux LLC) <br /> Dear President Lee and Council Member Warner, <br /> Please find enclosed SUBSTITUTE Bill No. 25-39, which would (1) amend Resolution No. 4972- <br /> 22 adopted by the Common Council on August 8, 2022, and (2) modify and reconfirm the real <br /> property tax abatement granted by the Common Council to The Monreaux LLC. <br /> The amendment to Resolution No. 4972-22 is necessary to ensure that the form of the <br /> Declaratory Resolution for Real Property Tax Abatement adopted by the Common Council in <br /> 2022 accurately reflects the intentions and actions of the Common Council when it adopted the <br /> resolution. This substitute bill will also modify and reconfirm the original tax abatement to extend <br /> the designation period so that The Monreaux LLC can complete the residential development <br /> and receive the benefits of tax abatement as the Common Council intended. The Monreaux <br /> project is vital to the stabilization and continued growth of south downtown South Bend. <br /> Adoption by the Common Council of SUBSTITUTE Bill No. 25-39 would help ensure the <br /> success of the project. <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 /> 14005 County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />