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Bill 16-18 Tax Abatement for East Bank South Bend Development LLC
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Bill 16-18 Tax Abatement for East Bank South Bend Development LLC
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Last modified
4/26/2017 10:13:16 AM
Creation date
3/10/2016 11:02:26 AM
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City Council - City Clerk
City Counci - Date
3/14/2016
Bill Number
16-18
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STATEMENT OF BENEFITS <br />REAL ESTATE IMPROVEIVfENTS <br />Slate Form 51767 (R4 t 2.13) <br />Prescdbed by the oPai. ment of Local Ciovemment Finance <br />This statement is being completed for real <br />property'lhat qualifies under the folbwing Indiana Code (check one box): <br />© itedevelopq►entor'reh biltta jlon of re estate improvemenls,(IC 61.9 -12 9-�tj <br />Residen tiallydistressed area (It <br />8 -1.1'- .9,2;1 -4.1) <br />>payer (numberantl sfroeE oily, slate, and ZIP code) <br />ve, South Bend, IN 46617 <br />act person Telephone number E -mail address <br />rDavldMatthews <br />74 607 qn1 (' ) David�MatlhewsLLC.com <br />onating body Resolution number <br />South Bend Common Council <br />Location of properly <br />County DLGF taxing district number <br />215 Sycamore St, South send; IN 46517 St. Joseph County <br />Description of real property improvements, redevelopment, or rehabilitation (irse additional sheols Irnecessery) Estimated start date (month, day, year) <br />May 1, 2016 <br />Construction of a 6 story mixed use building with ground floor commercial and residential on floors 2, 3,4 and 5, and a common area on floor 6. Estimated completion date (month, day year) <br />September 1, 2016 <br />curientnumber Saledes Numberretalned salaries Numberadditionat Salaries <br />14 766,000 14 14 2 90000 <br />SECTIO • TOTAL COST AND VALUE OF PROPOSED PROJECT <br />RFJ1L ESTATE IMPROVEMENTS <br />COST ASSESSED.VAt.uE <br />Current values <br />a,500 <br />6,100 <br />Plus esilmeted values of prbilosed project <br />2,600,000 <br />2,125,000 <br />Less values of any property.bithg [e zoned <br />0 <br />0 <br />tJet [Wes UP Co' ` ie,Qon bf , p ect <br />IZ5011.1500 <br />2,131,100 <br />SECTION 5 WASTE CONVERTED AND OTHER <br />BENEFITS PROMISED BY THE TAXPAYER <br />Estimated solid waste converted (pounds) <br />Esumated hazardous waste converted (pounds) <br />Other benefits <br />SECTION _ • <br />erebyc ettlij j6ejt the Lepreserflafidns in this statement are 3rue. <br />Ll ure of o itl "prized repres at " ` <br />Two <br />Date siiggn month, day, yeeo <br />--- <br />Member <br />3, 6%1016 <br />Page 1 of 2 <br />
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