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227 W. JEFFERSON BOULEVARD <br />Surrr: 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 />TAX ABATEMENT REPORT Inted <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: KATHY HAHN <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />CATALYST, LLC <br />DATE: June 3, 2014 <br />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <br />11A 11�11 20,14 <br />On June 2, 2014 , a petition for real property tax abatement consideration for property located in <br />Ignition Park was filed with the City Clerk by Catalyst, LLC. Pursuant to Chapter 2, Article 6, <br />Section 2 -84.2 of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community Investment for purposes of investigation and preparation of a report <br />determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 <br />and whether all zoning requirements have been met. <br />The Department of Community Investment has reviewed the petition, investigated the area, and <br />makes the following report. <br />PROJECT SUMMARY <br />The project involves the development of two multi -tenant facilities in Ignition Park in coordination <br />with the South Bend Redevelopment Commission. The project cost is $12,000,000 over a two year <br />period. <br />Only multi - family, hotel /motel, industrial, and warehousing are targeted industries in the Tax <br />Abatement Ordinance for development in the Airport Economic Development Area; therefore, this <br />abatement will need to be approved by the Common Council as an exception to the Code. <br />PLANNING NF.IGHBORI100D ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />JITIN KAIN PAMELA C. MF)'ER CHRIS FIELDING DONALD E. INKS <br />IN <br />