Confirming Tax Abatement - Ceol Mor Properties LLC 1047 Lincoln Way East (3 Yr. Real Property)

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I.C., 6 -1.1- 12.1 -1, et sea., and South Bend Municipal Code Sec. 2 -76 et seq., for this petition state the following: Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: Our g_roject is regarding improvements to the building structure and g_rog�rty of 1047 Lincoln Way— East. We intend to build a structure on top of the flat roof to the west which will act as a facade as well as add continuity to the existing structure The structure is in three different sections: one is the flat roof to the west which will act as the brewing space. Above this flat roof will be storage (facade) and a deck overlooking the St Joseph River. The second section is the 2 -story structure which will be rehabilitated Finally the third section is an additional flat roof off of the rear of the building All spaces will be rehabilitated in order to improve the overall condition of the space Land Size .54 acres, Building Size 7,636 sq.ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (Please attach an additional sheet if more space is needed): The business will be a Brewpub, manufacturing_ beer for area restaurants, retail stores, and through our "storefront ". The building will be renovated in two different sections, one being the brewery side (approximately 2400 sq ft) and the other being the "storefront" (approximately 5000 sq ft). The "storefront" will serve manufactured beer on premise as well as packaged for take -away. We also intend to serve food on premise. 3. Estimate the dollar value of the project (excluding land): $ $320,000.00 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement is: $ 78,700.00 (This information may be obtained from the St. Joseph County Assessor's Office 235- 9557. ) 5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporation(s) (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADDRESS INTEREST ( %) Ceol Mor Properties, LLC 2416 River Ave, Mishawaka, IN 46544 100% (Rev 5/13/11)