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CITY OF SOUTH BEND <br /> ' - COMMUNITY INVESTMENT <br /> Filed in Clerk's Office <br /> April 5, 2023 <br /> Council Member Rachel Tomas Morgan <br /> APR 0 5 2023 <br /> Chairperson, Community Investment Committee <br /> South Bend Common Council DAWN M.JONES <br /> 4th Floor, County City Building CITY CLERK,SOUTH BEND,IN <br /> South Bend, Indiana 46601 <br /> RE: Confirming Resolution: Mixed-Use Development Real Property Tax Abatement <br /> Petition for the Tower at Washington Square LLC (Liberty Tower) <br /> Dear Council Member Tomas Morgan: <br /> Please find the enclosed information pertaining to a mixed-use development real property tax <br /> abatement petition submitted by the Tower at Washington Square LLC, an Indiana Limited <br /> Liability Company. The petitioner plans to complete the renovation of the Liberty Tower building <br /> at 213 West Washington Street in downtown South Bend. This petition package includes: <br /> • Department of Community Investment's summary report <br /> • Petition for abatement <br /> • Statement of Benefits form (SB-1 / Real Property) <br /> • Supporting information <br /> The report contains the Department's findings relative to the above-mentioned petition. The <br /> petitioner will complete the remodel of roughly 90 apartment units, restore and create new <br /> meeting and event spaces, and create a bar/lounge and event space with rooftop access on the <br /> seventh floor. Previous phases of a complete rehabilitation of the building, including the opening <br /> of the Aloft hotel and new commercial spaces, were completed in 2017. The total private <br /> investment for this latest phase of the rehabilitation project is $14.7 million. <br /> The project meets the requirements established by Sections 2-80, et seq. and would qualify for <br /> an eight-year(8) mixed-used development real property tax abatement. Representatives from <br /> the Tower at Washington Square LLC will be available to meet with the Committee on Monday, <br /> April 10, 2023. <br /> If you or any of the other Council members have any questions concerning the report or need <br /> additional information, please feel call me at(574) 235-5838. <br /> Sincerely, <br /> Erik Glavich <br /> Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 14005 County-City Building 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />