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November 8,2013 <br /> Council Member Gavin Ferlic,Chairperson <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor,County City Building <br /> South Bend, IN 46601 <br /> RE: Real Property Tax Abatement Petition for: <br /> East Bank South Bend Development LLC <br /> Dear Council Member Ferlic: <br /> Please find attached the Department of Community Investment's report on a real property tax abatement petition for the above- <br /> referenced petitioner. This is a memo regarding a change to the originally filed tax abatement petition and supporting <br /> documentation. <br /> The original petition called for new construction of a multi-family development. This project qualified for an 8 year of tax <br /> abatement of$161,462.00.The original point schedule scored the project at 317 points.As multi-family development the project <br /> did not qualify for super-sized points and the petitioner lost points for failing to meet the Department of Labor(DOL)prevailing <br /> wage requirement of$ 19.00 for St. Joseph County IN. <br /> The petitioner is amending the petition for this project. The petitioner is now calling for new construction of a multi-use <br /> development with a commercial component on the ground floor level.The petitioner is changing his prevailing wage from$ 18.00 <br /> to$ 19.00. The change from multi-family to multi-use allows the petitioner to score the additional super-sized points. The new <br /> point schedule scores the project at 377 points.The new points schedule qualifies the multi-use project for a 5 year tax abatement <br /> of$110,022.00. <br /> Attached are the new supporting schedules that reflect the change in the petitioner's tax abatement request. <br /> The petitioner will still be available to meet with the Committee on Monday, November 25, 2013. <br /> Should you or any of the other Council members have any questions concerning the report,orneed additional information,please <br /> feel free to call me at 235-9339. <br /> Sincerely, <br /> Brock Zeeb <br /> Director Economic Resources <br /> Attachments <br /> cc:South Bend Common Council Members <br /> Mayor Pete Buttigieg <br /> Scott Ford <br /> Chris Fielding <br /> Kathy Hahn <br />