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`'lb'. City of South Bend Community Investment <br /> project will be reserved for households earning at or below 60 percent of the area median <br /> income. <br /> Bill No. 36-26 would also authorize and approve the form of the PILOT Agreement with Beacon <br /> Heights Preservation LLC, 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. 36-26, the execution of the PILOT Agreement, and the <br /> continued support of the established affordable housing fund are actions necessary to ensure the <br /> success of the Beacon Heights development and address the need to preserve quality affordable <br /> housing in South Bend. <br /> Sincerely, <br /> .7-7/ <br /> Joseph Molnar <br /> �- Deputy Director of Community Investment <br /> III <br /> • <br />