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Confirming Tax Abatement - Great Lakes Capital Development 237 N. Michigan St. (10 Yr. Real Property)
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Confirming Tax Abatement - Great Lakes Capital Development 237 N. Michigan St. (10 Yr. Real Property)
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3/31/2014 2:47:13 PM
Creation date
3/31/2014 2:25:37 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
3/24/2014
Ord-Res Number
4330-14
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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 />February 12, 2014 <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 />GREAT LAKES CAPITAL DEVELOPMENT <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 real property tax abatement <br />petition for the above - referenced petitioner. Also attached is a copy of the petition, Statement of Benefits <br />form, and supporting information. The project calls for the renovation of the Hotel LaSalle located at 237 <br />North Michigan Street. <br />The report contains the Department's findings relative to the above petition. The total cost for the renovation <br />is estimated at $9,537,076.10. The project meets the qualifications for ten -year real property tax abatement <br />and a representative from Great Lakes Capital Development will be available to meet with the Committee <br />on Monday, February 24, 2014. <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 -9339. <br />Sincerely, <br />��7z <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 />ASSISTANT EXE.CUTNE DIRECTOR PIANNING NEIGHBORHOOD ENGAGEMENT ECONOMIC RFSOURCES <br />CHRISFTRIDING JITIN KAIN PAMELA C. MEYER BROCKZEEB <br />
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