Bill 13-16 Rezoninig for 736 Lincolnway West

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REZONING AND VARIANCE APPLICATION NARRATIVE Introduction FD South Bend Indiana Lincoln Way and Cushing Street, LLC, an Indiana limited liability company ( "Applicant') is a preferred developer for Family Dollar, Inc. ( "Family Dollar "), a subsidiary of Dollar Tree, Inc., a publically traded company (NASDAQ: DLTR). Family Dollar sells merchandise for the family and home in a small -box, neighborhood format. While the name "Family Dollar' ' might suggest it is a "dollar store," it is in fact a general. retail store. Applicant and Family Dollar identified an opportunity to bring Family Dollar's product to the location in South Bend as described more fully below. Family Dollar's business model necessitates that it lease stores between 8,000 and 10,000 square feet. After much time and consideration, Applicant and Family Dollar selected the Property (as defined herein) as an ideal location on which it could construct an approximately 8,225 square foot one -story building from which Family Dollar, a single user retail tenant, would operate (the "Project "). The Propert y Applicant is currently working under purchase and sale agreements to acquire that certain property located at the southeast corner of Lincoln Way West and Cushing Street in South Bend (the "Pro pert "). The Property consists of the following six (6) individual parcels, as well as an adjacent alley that is to be vacated. Address County Parcel ID Number Current Zoning 736 Lincoln Way West 018- 1028 -1258 CB 726 Lincoln Way West 018 - 1028 -1259 CB 430 Cushing Street 018 - 1028 -1260 CB 426 Cushing Street 018- 1028 -1261 S172 424 Cushing Street 018- 1028 -1262 CB 18 VAC L6 50X189 LWW 018 - 1029 -1282 CB A site plan depicting the proposed development of the Property is attached hereto as Exhibit A (the "Site Plan "). For reference, a marked up GIS map obtained from the St. Joseph County website is attached hereto as Exhibit B, on which the Property is outlined. The Property is currently zoned as set forth above. Applicant's Rezoning Application As set forth above, Applicant intends to develop the Property for use as a "Family Dollar" retail store. In connection with such proposed development, Applicant respectfully submits this application to rezone the Property from the zoning classifications set forth above, to the "MU" Mixed Use District classification. Applicant understands that certain factors are taken into account when considering a rezoning application. Accordingly, Applicant respectfully submits as follows: 1. The proposed rezoning is consistent with the Comprehensive Plan.