Confirming Tax Abatement - 511 East Colfax & 210 North Niles - Odyssian Technology 6 Year

Home Browse Search

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 seq., and South Bend Municipal Code Sec. 2-76 et seq., for this petition states the following: 1. 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: i. We are purchasing 2 buildings in the CBD of Downtown South Bend's East Race Village area, 511 E Colfax and 210 Niles. We plan on renovation the 2800 sft Colfax building by making a new entry, adding windows, redesigning the office space, adding a kitchen break room, conference room, engineering center and restrooms that are handicap accessible. We plan on reworking the facade by adding windows and new doors, lightning, landscaping and paving parking areas. We plan on redeveloping the adjoining empty lot into a courtyard with a wrought iron gate and a few parking spots. We plan on adding security and perimeter lighting. This facility will be set up with state of the art IT capabilities and we hope to give the look of a High Tech Research environment. The adjoining 2588 sft facility, having a separate address of 210 Niles Ave., wilt be renovated by replacing windows and doors, power washing and painting, replacing the roof, surfacing floors, adding security and lighting, renovating the bathroom, and adding utilities as needed to support a research & development laboratory. Land Size .z6 acres; Building Size 5388 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): Odyssian Technology began operations in February 2003 as a result of an Indiana 21'` Century Research and Technology Fund grant. Odyssian Technology is a high technology company focused on technoloQV innovation and creative product development related to advanced lightweight composites, multifunctional structure, smart structure, and integrated systems. Odyssian is involved in developing technology and products for both the military and consumer market place. Exciting work is underway in the development of: hand launched aircraft with structurally integrated systems (Rev 8111 /03)