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..* City of South Bend Comniunitylnvestment <br /> Community Development Authority. All 180 units for the new project will be reserved for <br /> households earning at or below 60 percent of the area median income. <br /> Bill No. 11-26 would also authorize and approve the form of the PILOT Agreement with <br /> Heritage Trails South Bend, LP, and would authorize its execution and delivery by the Mayor on <br /> behalf of the City. A form of Agreement is enclosed with this Bill for filing, and the final agreed- <br /> upon version will be submitted as a Substitute Bill prior to the date for public hearing. <br /> The Council's adoption of Bill No. 11-26,the execution of the PILOT Agreement, and the <br /> establishment of the new affordable housing fund are actions necessary to ensure the success of <br /> the Heritage Trails development and address the need of affordable housing in South Bend. <br /> Sincerely, <br /> Erik Glavich <br /> Director of Growth and Opportunity <br />