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OFFICE OF THE CITY CLERK <br />KAREEMAH FOWLER, CITY CLERK <br />COMMUNITY INVESTMENT <br />Committee Members Present: <br />Other Council Present: <br />May 9, 2016 3:40 P.M. <br />Gavin Ferlic, Regina Williams- Preston, Oliver Davis, <br />Randy Kelly, Paul Tipps, William Smith <br />Tim Scott, Dr. David Varner, Karen White, John Voorde, <br />Jo M. Broden <br />Others Present: Kathleen Cekanski- Farrand, Adriana Rodriguez, <br />Kareemah Fowler, Jennifer Coffman, Sarah Heintzelman <br />Agenda: Bill No. 15 -106 — Designating a two year Tax Abatement <br />for Appletree Associates, LP (1915 Bendix Dr.) <br />SUBSTITUTE PETITION <br />Chairperson Gavin Ferlic called the meeting of the Community Investment Committee to order <br />at 3:40 p.m. <br />Bill No. 15 -106- Designating a two (2) -year tax abatement for Appletree Associates. <br />Sarah Heintzelman, Department of Community Investment with offices on the 140i floor of the <br />County -City Building. The total investment in the building is $315,000. They will have a total <br />abated tax of $39,188. They will be creating three (3) jobs with the expansion into this building <br />with an annual payroll of just over $101,000. <br />Tony Davy, 17300 Woodhurst, Granger Indiana, I am a commercial real estate broker for Cressy <br />and Everett, representing Appletree and Associates. The building has been empty since 2008. <br />This abatement will allow us to spend this money to get the building back in shape and back on <br />the tax rolls. <br />Committeemember William Tipps asked if PEI Genesis currently has any abatements on its real <br />estate, and if Royal has any current abatements. <br />Ms. Heintzelman stated that there are no abatements currently on Appletree, and Connie <br />Wroblewski, 2001 West Washington Street, stated that Royal does not currently have any <br />abatements. <br />455 County-City Building • 227 W. Jefferson Boulevard • South Bend, Indiana 46601 <br />Phone 574- 235 -9221 • Fax 574- 235 -9173 • TDD 574- 235 -5567 • www.SouthBendIN.gov <br />JENNIFER M. COFFMAN ALKEYNA M. ALDRIDGE EMILY SEXTON <br />CHIEF DEPUTY/ CHIEF OF STAFF DEPUTY/ DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK <br />