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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />May 19, 2015 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <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 />PHONE: 574/235 -9371 <br />FAx:574/235 -9021 <br />RE: Real Property Tax Abatement Petition for: Historic JMS Building, LLC <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a real property tax abatement petition for <br />Historic JMS Building, LLC's downtown renovation: <br />➢ Department of Community Investment's summary report <br />➢ Copy of the petition <br />➢ Statement of Benefits form <br />➢ Supporting information. <br />The report contains the Department's findings relative to the above petition. The total cost <br />for the construction is estimated at $7,600,000. The project meets the qualifications for a <br />(10) ten year real property tax abatement and a representative from Historic JMS Building <br />LLC will be available to meet with the Committee on Tuesday, May 26, 2015. <br />Should you or any of the other Council members have any questions concerning the report, <br />or need additional information, please feel free to call me at 235 -9339. <br />Sincerely, <br />1 ?A�-- <br />Brock Zeeb <br />Director Economic Resources <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Pete Buttigieg <br />Scott Ford <br />Chris Fielding <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />JITIN KAw PAMELA C. MEYER CHRIS FIELDING BRoCKZEEB <br />