Laserfiche WebLink
1300 C~~~ ~c-C! i r ISi u.ni~r~ <br />2»U/. I,,r~ i:,,,~ I~~a i iv.uci~ <br />S~x-r!~ ISrsn, I~~ni,~s,~ 46601-ISiO <br />I'~~ i~>~r 5?-i/ 7.35-9;~ l <br />I,v: 5?4/ ? i5-9021 <br />7~D14 5?~i/ 3~5-5567 <br />Criti~ ~~F 5~~~rH [3e~'n SrrrFU~h ~. Lereia,,'~1 mnz <br />COMMUNITY HL ECONOMIC DF,VELOPMENT <br />~EFPRI-. Y' V. G113NE1' <br />P.v,c~ iur Dnir~-rna <br />TAX ABATEMENT REPORT <br />TO: SOUfH BEND REDEVELOPMENT COMMISSION <br />FROM: BOI3 MA'1'HIA , ~ ~ ti~' <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION POR: <br />GATEWAY PLAZA REAL ESTATE, LLC <br />DATE: October 29, 2008 <br />On August 12, 2008, a petition for real property tax abatement consideration for vacant property <br />located adjacent to 3305 Lathrop Drive was Illed with the City Clerk by Gateway Plaza Kcal Estate, <br />LLC. Please note: The petitioner is asking for a special exception because the project does not <br />meet the general standards for real property tax abatement set forth in Chapter 2, Article 6, <br />Sections 2-77 through 2-83.3 of the Municipal Code of the City of South Bend. Pursuant to <br />Chapter 2, Article 6, Section 2-82 of the Municipal Code of the City of South Bend, this petition was <br />referred to the Department of Community and Economic Development for purposes of investigation <br />and preparation of a report determining whcthcr the area qualifies as an Economic Revitalization <br />Area pursuant to LC.6-1.1-12.1 and whcthcr all tuning requirements have been met. <br />Che Department of Commwrity and Economic Development has reviewed the petition, investigated <br />the area, and makes the following report. <br />PROJECT SUMMARY <br />Gateway Plaza is proposing to construct a combination warehouse/flex building. The building will <br />be approximately 31.819 square feet in size and can be demised to seven units of approximately <br />4,320 square feet cacti. ~hhe building will become Phase 1V of the adjacent Gateway Plaza and will <br />be of similar constriction. Tenants in the building are likely to be primarily warehouse users, but <br />with some need for front-office space or showroom areas. All suites will have grade-level overhead <br />door access, with at least four slated for dock access as well. The building site covers approximately <br />194 acres. The estimated cost of Phase IV construction is $1,480,180. <br />Cosrnn~ti~rrrDu~iu~r,wexr L<~nn~o:wcDi~~rii~raieNr Fronn~cini.&Paucan~~ <br />~c 5-~ _ ~.. 'Ark' ~,i/`ice 9i'1 <br />