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1200 COUNTY -CITY BUILDING <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574/235 -9371 <br />FAx 574/235 -9021 <br />TDD 5741235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUEcM MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />JON R. HUNT <br />February 18, 2003 EXECUTIVE DIRECTOR <br />Council Member Karl King, Chairperson <br />Community & Economic Development 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 />RESCUE, INC. <br />Dear Council Member King: <br />Please find attached the Department of Community & Economic Development's report on a real property <br />tax abatement petition for Rescue, Inc. for property located at 432 S. Lafayette Street. Also attached is <br />a copy of the petition, Statement of Benefits form and supporting information. <br />The report contains the Department's findings relative to the attached petition. Rescue, Inc. is the owner <br />of the property at 432 S. Lafayette Street, which is the former Ries Furniture store. They plan on <br />completely renovating the building into a new shelter for families. A portion of the building will be <br />leased to Hope Housing L.P. Hope Housing will be responsible for real property taxes on the portion <br />of the building that they will own, and are therefore seeking a 10 year abatement on that portion. Please <br />see the attached report and petition for further detail on the project. This project meets the qualifications <br />for a ten (10) year real property tax abatement and a representative from Rescue, Inc. will be available <br />to meet with the Committee on Monday, February 24, 2003. <br />Should you or any of the other Council members have any questions concerning the report or need <br />additional information, please feel free to call me at 235 -5835. <br />in erely, <br />Michael Beitzinger <br />Assistant Director, Tc7onomic Development <br />Attachments <br />c: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jon Hunt <br />Filed in Clerk's Office <br />9 toT'.�1�ai <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235 -9660 5741235 -9371 ELRAEETN LEONARD <br />FAx: 574/235 -9697 5741235 -9371 <br />