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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1S3O <br />PHONE 574/ 235-9371 <br />FAx 574/235-9021 <br />"1-DD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKr:, MAYOR <br />COMMUNITY HL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND REDEVELOPMENT COMMISSION <br />FROM: BOB MATHIA /ti. ~~"'~ <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />Waggoner Farm Development, L.P./Ontario Partners, L.P. <br />DATE: June 1, 2009 <br />On May 11, 2009, a petition for real property tax abatement consideration for property located in the <br />Portage Prairie Development Area was tiled with the City Clerk by Holladay Properties in the name <br />of Waggoner Farm Development, LP. Waggoner Farm Development intends to transfer the property <br />to Ontario Partners, LP. Pursuant to Chapter 2, Article 6, Section 2-82 of the Municipal Code of the <br />City of South Bend, this petition was referred to the Department of Community and Economic <br />Development for purposes of investigation and preparation of a report determining whether the area <br />qualifies as an Economic Revitalization Area pursuant to LC.6-1.1-12.1 and whether all zoning <br />requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of <br />which is attached), investigated the area, and makes the following report. <br />PROJECT SUMMARY <br />Ontario Partners intends to construct a $5,000,000 development known as the "Ontario Building" in <br />the Portage Prairie Development Area. It is a speculative, 157,500 square-foot, light-industrial <br />building that will house multiple tenants performing a variety of business functions, such as a <br />medical supply company, data storage facility, food/general distribution facilities, printing <br />companies, or light assembly. The building will be constructed using pre-cast concrete panels. "The <br />building will utilize green building techniques such as florescent lighting in the warehouse. The <br />building will be the second one in the Portage Prairie Development Area, which is expected to <br />produce a total of over $~50 million in private investment. The first speculative building was the <br />"~Iuron Building" which currently has 60 people working in it on a daily basis. <br />COMMUNITY DEVELOPMENT ECONOMIC DLNELOPMENT FINANCIAL HC PROGRAM <br />PA~AELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9600 574/235-9371 EI,IZALIETH LEONARD <br />PAX: 574/235-9697 574/235-9371 <br />