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<SpVr a <br />227 W. Jr I'I'I:RION BOIII.INARD ,� �I'[4�11•i/��O <br />Stn1114WS, v. \ �ij PHONE 574,235!9371 <br />e FAX: 574n35. <br />SnunIBl:Nn.IN4n(All•IN311 r'o \irAL$j�'�y- AI_I <br />mM ��� a2 <br />1865 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXEC LITIVE DIRECTOR <br />June 3, 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 />River Race Townhomes, 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 mixed -use development at 122 South Niles Avenue. <br />The report contains the Department's findings relative to the above petition. The total <br />cost for the construction is estimated at $7,104,600. The project meets the qualifications <br />for a nine -year real property tax abatement and a representative from River Race <br />Townhomes, LLC will be available to meet with the Committee on Monday, June 23, <br />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 />Sincerely, <br />Brock Zeeb <br />Director Economic Resources <br />Attachments <br />cc: South Bend Common Council Members <br />Deputy Mayor Mark Neal <br />Scott Ford <br />Brock Zeeb <br />ndanlNC NERATBORHoOl) ENCAGENIF.SI BGIXE4 On ELOP\n:.w ECONOMIC RESOL'RCF_i <br />11'T &U, Pa%11 I n C. A11'1'PR c1m, F @I DI\(: <br />Pn'11n E.Incs <br />