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Bill 16-20 Tax Abatement for Cohn & Cohn Investments LLC
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Bill 16-20 Tax Abatement for Cohn & Cohn Investments LLC
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4/26/2017 10:12:40 AM
Creation date
3/10/2016 11:19:09 AM
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City Council - City Clerk
City Counci - Date
3/14/2016
Bill Number
Bill 16-20
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c 2t� �nlid, <br />za <br />Iitfar t ` stud ee�/a%1% a,i�a �+1► <br />h N Cohn & Cohn Investments LLC (a South Carolina limited liability company (registered in South Carolina)) <br />Bud s MR, -Lirimited Liability Company <br />r <br />rr, .teeW, www.cohnconstruction.com <br />Proposed • • <br />�BlackthomMimttz Development <br />IF <br />-a. <br />4 f i 6 South Bend, IN 46628 <br />a ;' <br />5.6 <br />,We <br />.r -sn -r >x✓S .&3 AY ,,, <br />Rental <br />? Approximatey 13;OQ0 20,000 sq. feet <br />Primary Contact Information <br />° UniFirst Corporation (Tenant) <br />Ed <br />.,.. " . - Richard Cohn, Cohn Construction <br />,.e. President <br />912 Lady Street, Suite 200 <br />803 - 699 - 1325x102 <br />e j <br />` - Columbia, SC 29201 <br />nchardcohn @cohnconstructionllc.com <br />Senior Official <br />COm Michael m lniFirst) <br />w -Senior Vice President <br />r!d ie fled n cE , iir frd <br />68 Jonspin Rd <br />978 =6513 -8888 x4225 <br />e_ <br />eley,s4ae; t <br />�: Wilmington, MA 01887 <br />Consultant • . A•. <br />a }) = memafti@unifirst.com <br />Hlredbu n�esse risirifar}geneame Richardpeahl, Barnes & Thornburg LLPv- <br />Con fitaTite ea + IN" <br />Y <br />_ <br />Adrlless n r <br />100 N. Michigan. Street, Suite 700 <br />t o4ate `wnolodevelopmentpartnerr-'" <br />_ N., . ..... _ <br />n..a rova�l. Y N <br />Cityry5tt ZIp, South Bend, Indiana 46601 �matl rdeahl @btlaw.com <br />Project Overview <br />Br }efd`esci�io�ofyoiir � , ` �'� <br />c s c y Cohn & Cohn Investments, LLC ( "Petitioner") proposes to invest at least $1,600,000 in the construction of a new <br />eomparry�projear antl why the commercial distribution and office facility in the Blackthom Corporate Park in South Bend. The facility is intended to initially <br />propeityjs n ce a7y for <br />be more than 13,000 square feet to serve and support the expanding operations of UnIFIrst (which will lease the facility) in <br />econ6mi4groGutf} South Bend. <br />>9 <br />UniFirst is one of North America's largest workwear and textile service companies, providing managed uniform, protective <br />clothing, and custom corporate image apparel programs to businesses in diverse industries. In addition to outfitting more <br />than 1.5 million workers in clean uniforms each workday, UniFirst also has a hand in keeping their businesses dean, safe, <br />and healthy through UniFirsts' Facility Service Programs. These programs allow UniFirst to be a single -source solution for <br />s <br />a variety of needs. <br />The project is intended to faciliate UniFirst's move from a leased facility to this project, which UnIFIrst will lease with an <br />option to purchase. UniFirsfs long term plan is to be in South Bend for the next several decades, if not longer. Uni F irs ts's <br />curre nt growth objectives for the South Bend market include a long term objective to build a processing facility. Once our <br />annual revenues surpass $10 million, we will have the ability to expand the operation, adding numerous jobs to the local <br />economy. This current property will allow UniFirst to continue to expand our operation, benefiting the South Bend <br />economy. <br />
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