Confirming Tax Abatement - 129 North Michigan Street - MHM Realty, LLC (Trio's Restaurant)

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et se .and South Bend Municipal Code Sec. 2-76 et seq., for this petition states the following: Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: The Trio's proposed site is located in the heart of downtown South Bend at 129 North Michigan St. Currently the building is office space that has been vacant for more than six years. Under the proposed project plan, the 8,100 sq. ft first floor will be converted to a restaurant, jazz club, and banquet/private meeting space. The 900 sq. ft. mezzanine area will remain office space and the basement will be used for a prep kitchen, inventory storage and employee changing rooms. The building's interior will be demolished to allow for construction of the new facility. Major upgrades/replacements of roof, HVAC, electrical and plumbing systems are required due to age and deterioration. The redevelopment project is a maj or requirement to reconfigure the space to accommodate the current business plan. Land Size .17 acres; Building Size 14,605 sq.ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (attach additional sheet if more space is needed): Trio's will be a restaurant and jazz club that provides a unique combination of excellent food, exceptional service, and high-quality jazz entertainment in an upscale atmosphere. It will be designed to hold over 320 patrons in the three guest areas during peak business periods. In addition to the three guests areas, Trio's will also have kitchen and office spaces. The restaurant area will hold up to 124 guests; the jazz club will seat up to 90; and the banquet/private meeting facility will accommodate up to 110 guests in a single, large room that can be partitioned into three rooms for smaller events. (Rev 10/23/06)