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(W CITY OF SOUTH BEND <br /> ;�_y (. COMMUNITY INVESTMENT <br /> IB65 <br /> February 5, 2025 <br /> Filed in Clerk's Office <br /> Council Member Troy Warner <br /> Chairperson, Community Investment Committee FEB 1116 <br /> South Bend Common Council Bianca Tirado <br /> County-City Building, 4th Floor City Clerk,South Bend, IN <br /> South Bend, Indiana 46601 <br /> RE: Confirming Resolution: Vacant Building Property Tax Abatement Petition for the <br /> Studebaker Admin QOZB LLC <br /> Dear Council Member Warner, <br /> Please find the enclosed Confirming Resolution and Memorandum of Agreement for a vacant <br /> building real property tax abatement for Studebaker Admin QOZB LLC, an Indiana Limited <br /> Liability Company. The petitioner intends to stabilize the property at 635 S. Main Street by <br /> replacing the roof and installing new windows. The building has been vacant for two decades <br /> and was previously the headquarters of the Studebaker Corporation and then the South Bend <br /> Community School Corporation. <br /> The total investment for this project is $920,653 The project meets the qualifications for an two- <br /> year(2) vacant building tax property tax abatement. <br /> A representative from Studebaker Admin QOZB LLC, will be available to meet with the <br /> Committee on Monday, February 10, 2025. <br /> Should you or other Council members have questions about the report or need additional <br /> information, please feel free to call me at (574)245-6022. <br /> Sincerely, <br /> Joseph Molnar <br /> Assistant Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 14005 County-City Building 227 W.Jefferson Blvd. South Bend.Indiana 46601 p 574.235.9371 www.southbendin.gov <br />