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07-22-13 Council Agenda & Packet
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07-22-13 Council Agenda & Packet
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7/19/2013 10:18:18 AM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
7/22/2013
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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />Council Member Gavin Ferlic, Chairperson July 3, 2013 <br />Community Investment Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />Crooked Ewe, Inc. <br />Real Property Tax Petition for: <br />Ceol Mor Properties, LLC <br />Dear Council Member Ferlic: <br />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <br />Please find attached the Department of Community Investment's report on a personal property tax <br />abatement petition and a real property tax abatement petition for the above - referenced petitioners. Also <br />attached are copies of the petitions, Statement of Benefits forms, and supporting information. The project <br />calls for the rehabilitation of a vacant building into a brew pub located at 1047 Lincoln Way East by Ceol <br />Mor Properties, LLC. Brewing equipment will be installed by the tenant, Crooked Ewe, Inc. <br />The report contains the Department's findings relative to the above petitions. Ceol Mor Properties, LLC <br />qualifies for a three year real property abatement. The cost of rehabilitating the building is $320,000. <br />Crooked Ewe, Inc. be purchasing and installing new equipment. The total project cost for the equipment is <br />estimated at $114,037. The project meets the qualifications for a (5) five -year personal property tax <br />abatement and a representative from both companies will be available to meet with the Committee on <br />Monday, July 22, 2013. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235 -9278. <br />Sincerely, <br />Kathy Hahn <br />Analyst- Economic Resources <br />Attachments <br />cc: South Rend Clone on Council_ ''' 1 "s <br />PLANNING NFIGHBORHOOD ENGAGEMENT ECONOMIC RESOURCES <br />JITIN KAIN PAMELA C. MEYER DONALD E. INKS <br />
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