Establishing an Economic Development Target Area (JMS Builing & Adjacent Parking Lot)

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227 W. JEFFERSON BOULEVARD SUITE 1400 S. SOUTH BEND, IN 46601 -1830 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR COMMUNITY INVESTMENT SCOTT FORD, EXECUTIVE DIRECTOR May 20, 2015 Mr. Tim Scott, President South Bend Common Council 4`h Floor County -City Building South Bend, IN 46601 RE: Establishing an Economic Development Target Area JMS Building Dear President Scott: PHONE: 574 /235 -9371 FAX: 574/235.9021 Attached for the Common Council's consideration is a proposed ordinance which approves and adopts a recommendation made by the South Bend Economic Development Commission establishing an Economic Development Target Area for the parcels known as the JMS Building (Parcel IDs — 018 - 1008 -0330, 018 - 1008 - 033003, 018 - 1008 - 0331). On June 5, 1985 the property known as the JMS Building was added to the National Register of Historic Places (reference # 85001216). The property currently sits 75% vacant and meets Indiana Code section IC 6- 1.1- 12.1 -7 criteria for Economic Target Area designation. The South Bend Economic Development Commission, in furtherance of economic development within the City of South Bend, has investigated, studied and surveyed the need for additional job opportunities within the City and has made recommendations concerning economic development possibilities within the City. Based on its investigatory action, studies and surveys, the Commission has determined that it is necessary to designate the JMS Building as an Economic Development Target Area which will make the JMS Building a more attractive investment and facilitate the development and occupancy of the building. Thank you for your consideration. Sincerely, Brock Zeeb PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT hiiN KAIN PAMELA C. MEYER CHRIS FIELDING ZU_ ZUI , i 1 1. T v CITY Cl ER.,, ,, sou ri:. LND, IN ECONOMIC RESOURCES BROCK ZEEB S 01