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1200 COUNTY -CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574 /235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />.JEFFREY V. GIBNEY <br />August 12, 2008 EXECUTIVE DIRECTOR <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development 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 />University of Notre Dame, Innovation Park at Notre Dame, Inc. <br />Dear Council Member Dieter: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above - referenced petitioner, the University of Notre Dame and <br />Innovation Park at Notre Dame, Incorporated. Also attached is a copy of the petition, Statement of Benefits <br />form, and supporting information. The project calls for the acquisition and installation of equipment for the <br />first building (Phase I) of the proposed Certified Technology Park to be located at Edison Road adjoining <br />Twyckenham Drive extension on State Road 23. <br />The total project includes the construction and equipping of an approximate 54,000 square foot building <br />that will be the first of up to three additional buildings intended to become the Certified Technology Park. <br />The mission of the park is to transform research into marketable enterprises. The park will accomplish this <br />by providing convenient access to necessary space, administrative services, and internet connectivity in <br />combination with the active engagement of expert technical support, professional business advice and <br />introduction to private risk capital. The first building will house the park's common areas as well as <br />provide initial space for client - tenants to begin work on promising projects and processes that can betaken <br />to market. <br />The report contains the Department's findings relative to the above petition. The total cost for the <br />equipment is estimated at no less than $500,000. The project meets the qualifications for a (5) five -year <br />personal property tax abatement and a representative from University of Notre Dame, Innovation Park At <br />Notre Dame, Inc. will be available to meet with the Committee on Monday, August 25, 2008. <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 -5835. <br />Sincerely, <br />27 ,5�) <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235 -9660 574/235 -9371 ELIZABETH LEONARD <br />FAx: 574/235 -9697 574/235 -9371 <br />