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CITY OF SOUTH BEND <br /> PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION <br /> The undersigned owner(s)of real property, located within the City of South Bend, hereby <br /> petition the Common Council of the City of South Bend for real property tax abatement <br /> consideration and pursuant to I.C., 6-1.1-12.1-1, et seq., and South Bend Municipal Code <br /> Sec. 2-76 et seg., for this petition state the following: <br /> 1. Describe the proposed redevelopment or rehabilitation project, including information <br /> about physical improvements to be made,the proposed use of the improvements,and <br /> a general statement as to the importance of the project to your business: <br /> Construction of e 5 story mixed use building with ground floor commercial and residential on <br /> floors 2, 3,4 and 5 commercial ground floor space is t 1 3,200 square feet. The <br /> objective is to teat the market for new residential apartments in South Bend's Central <br /> Business District. Each of the floors 2 - 5 will consist of a one bedroom apartment, a two <br /> bedroom apartment and a three bedroom apartment. The total d of residential unite is 12. <br /> The building is to be built adjacent to the the East Hank Townhomes, facing Sycamore St. <br /> Land Size o.lo acres; Building Size 16,00o sq.ft. <br /> 2. Describe the overall nature of the business and of the operations occurring at the <br /> Property(Please attach an additional sheet if more space is needed): <br /> Multifamily building renting to single families with ground floor commercial space. <br /> 3. Estimate the dollar value of the project (excluding land): $ 2,500,000.00 <br /> 4. The current assessed valuation of the real property before rehabilitation, <br /> redevelopment, economic revitalization, or improvement is: $ 6,100.00 <br /> (This information may be obtained from the St.Joseph County Assessor's Office 235- <br /> 9557.) <br /> 5. (a) The real property for which tax abatement consideration is petitioned (Property)is <br /> owned or to be owned by the following individual(s) or corporation(s) (if the <br /> business organization is publicly held, indicate also the name of the corporate <br /> parent, if any, and the name under which the corporation has filed with the <br /> Securities and Exchange Commission): <br /> NAME ADDRESS INTEREST(%) <br /> East Bank South Bend Development, ILC <br /> 121 S. Niles Ave., South Bend, In 46617 <br /> 100% <br /> (Rev 5113111) 1 <br />