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450 T)Jp <br />p ,p111i111/ �"fp <br />227 W. A n :iRSDa BUIIi.1'VAXD J / /�i <br />sung 14nBs, . \\ PIIFAx: 574,235-9371 <br />v \ Fnc:574n_35 -1x121 <br />Sovm BPnD. IN 4fibu F -1x311 9 "� . ,�/�_ <br />Y �; a <br />r865 � <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />April 28, 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 />COLFAX HILL PARTNERS, LLC <br />Dear Council Member Ferlic: <br />Please find attached the Department of Community Investment's report on a real property <br />tax abatement petition for the above - referenced petitioner. Also attached is a copy of the <br />petition, Statement of Benefits form, and supporting information. The project calls for the <br />construction of a (nixed -use development at 525 East Colfax. <br />The report contains the Department's findings relative to the above petition. The total <br />cost for the construction is estimated at $2,900,000. The project meets the qualifications <br />for an eight -year real property tax abatement and a representative from Colfax Hill <br />Partners, LLC will be available to meet with the Committee on Monday, May 12, 2014. <br />Should you or any of the other Council members have any questions concerning the <br />report, or need additional information, please feel free to call me at 235 -9339. <br />SincerelZ4g <br />) <br />Direne Develop t <br />Attachments <br />cc: South Bend Common Council Members <br />Deputy Mayor Mark Neal <br />Scott Ford <br />Brock Zeeb <br />PIA\x1\(I NEalnaoluioou E %GAGY)IENT BI smms DECEI.oP.m E \T Ecowvlc RES01 W1,N <br />Jul\ KAI> P\fll LA C. MINI N CDRIs FII I DpI. D13AIDE.1 \ES <br />