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1200 CouNTYr TY B=II4G <br />227 W. JEFFERSON BOuI.EVARD <br />SOurH BEND, INDIANA 46601 -1830 <br />PHONE 574/235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />February 4, 2005 <br />Council Member Ann Puzzello <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />RE: Real Property Tax Abatement Designation Extension for: <br />Rescue, Inc. <br />Dear Council Member Puzzello: <br />Please find attached a letter from Steve Arnold, Executive Director of Rescue, Inc., requesting an <br />extension of the designation period for ten year real property tax abatement granted to Rescue, Inc. <br />through resolution 93168 -03 on March 10, 2003. The designation period granted to Rescue was two <br />years and is due to expire in March 2005. The company is requesting a one year extension on the <br />designation (making the total designation three years) due to a delay in acquiring federal income tax <br />credits in the original petition. The company has now secured the tax credits to do the renovations on <br />the building; however without the extension the building will not be eligible for the abatement. The <br />request falls within the Council guidelines, which allow for a company to request up to a one year <br />extension for good reason. In addition to Mr. Arnold's letter, I have attached a copy of a revised <br />Statement of Benefits (Form SB -1) and a copy of the original staff report and petition for your review. <br />Mr. Arnold will be available to meet with the Committee and answer any questions on Monday, <br />February 14, 2005. <br />Should you or any of the other Council members have any questions concerning the request or need <br />additional information, please feel free to call me at 235 -5825. <br />SincereI , <br />edd S haffer <br />Economic Development Spe ialist <br />Attachments <br />c: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Sharon Kendall <br />Filed in Clerk's Office <br />FEB - 4 2005 <br />JOHN VOORDE <br />CITY CLERK, SO. BEND, IN. <br />Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVEiAPMENT FINANCL L & PROGRAM <br />PAMELA C. METER DONALD E. INKS MANAGEMENT <br />574/235 -9660 5741235 -9371 ELIiARRT LEONARD <br />PAx: 5741235 -9697 574/235 -9371 <br />