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25-13 Confirming Resolution - Real Property Tax Abatement for 225 and 229 South Michigan Street
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25-13 Confirming Resolution - Real Property Tax Abatement for 225 and 229 South Michigan Street
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Filed in Clerk's Office <br /> "knIN:\ <br /> Bianca Tirado <br /> u �I��yy CITY OF SOUTH BEND City Clerk, South Bend, IN <br /> w iyl <br /> y, re cE "''' COMMUNITY INVESTMENT <br /> _ iris <br /> February 4, 2025 <br /> Council Member Troy Warner <br /> Chairperson, Community Investment Committee <br /> South Bend Common Council <br /> County-City Building, 4th Floor <br /> South Bend, Indiana 46601 <br /> RE: Confirming Resolution: Mixed-Use Development Real Property Tax Abatement <br /> Petition for the RSPG Global Consulting LLC <br /> Dear Council Member Warner, <br /> Please find the enclosed Confirming Resolution and Memorandum of Agreement for a mixed- <br /> use development real property tax abatement for RSPG Global Consulting LLC, an Indiana <br /> Domestic Liability Company. The petitioner plans to reactivate the vacant building known as <br /> Center City Place. This includes restoring the historic facade, completing extensive repairs and <br /> renovations, and filling the building with active businesses. The building has been vacant for <br /> over a decade years, the petitioner hopes this renovation will help to drive interest in developing <br /> other unused buildings in the immediate vicinity as well as bring more traffic to the small <br /> businesses currently operating in the area. <br /> The total investment for this project is $5,825,000. The project meets the qualifications for an <br /> eight-year(8) mixed-use development real property tax abatement. <br /> A representative from RSPG Global Consulting 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 /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />
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