06-22-09 Common Council Meeting Agenda & Packet

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CITY OF SOUTH BEND PETITIOEI FOR REAL PROPERTY TAk ABP+TEiVEhIT CONSIDERATIQN 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 abatemenfi consideration and pursuant to 1.C., 6-1.1-12.1-1, et se .and South Bend Municipal Code Sec. 2-76 et seg:, for this petition states the following: Describe the proposed redevelopment or rehabilitation project, including information about physica{ improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: The proposed redevelopment, known 'as the "Ontario", is a specula=. tive light industrial building that will house multiple tenants that=perform a wide variety of business functions. The building will be constructed using pre-cast concrete panels and utilize green building techniques such as fluorescent lighting in the warehouse. This is the second speculative building built at Portage Prairie, the first being the Huron. The Huron was built on a speculative basis and currently has approximately 60 people working there on a daily basis. Land Size ~ 2 Acres acres; Building Size ~ 57, 50o 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): Due to the fact that this building is being built on a speculati= ve basis we can only estimate what types of businesses will locate in this facility. We are assuming that there will~be a broad mix of businesses including, but not limited to, medical ~; supply companies, data storage facilities, food/general dist;ribu= tion facilities, printing companies, light assembly, etc. In our attempt to accomodate a wide range of users we are designing the building to be as flexible as possible. 3. Estimate the dollar value of the project (excluding land): $ 5 , 0 0 0 , 0 0 0 . o 0 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $ 6, 000 Approx. 5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned (Rev S/11103)