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McKinley Apartments Housing Partners, L.P. <br />William Hollingsworth <br />12557 Branford Street <br />Carmel, IN 46032 <br />February 16, 2008 <br />Ann Puzzello <br />e District Council Member <br />The City of South Bend Common Council <br />227 West Jefferson Blvd., Suite 4005 <br />South Bend, Indiana 46601 <br />Dear Ms. Puzzello: <br />Your continued concern for current residents and homeowners adjacent to the proposed McKinley <br />Apartments and the economic development and investment in South Bend is admirable, and your <br />support of this rezoning and tax abatement demonstrates that concern. <br />McKinley Apartments Housing Partners, L.P. will own the proposed apartment complex for a <br />minimum of thirty (30) years. I expect to be the sole member of the General Partner, Equal <br />Holdings II, LLC, for thirty (30) years. As longs as I am involved in this project, this property will <br />not apply for or enter into any agreement to become a project based "Section 8" federally <br />subsidized property. As I have mentioned on several occasions this is not an option for this <br />property because of the "tax credits" that would be involved with this project. <br />Thank you for your concern and your support of McKinley Apartments. <br />Sincerely, <br />William Hollings Orth <br />Sole Member of the General Partner <br />McKinley Apartments Housing Partners, L.P. <br />FZ IFE 4�,RE I 'V ® <br />FEB 19 2008 <br />AREA PLAN COMMISSION <br />dod� 081 3 ®���ce <br />fl1 <br />rEB g 2008 <br />JOyN <br />CM SO <br />GIERK, <br />