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CITY OF SOUTH BEND OFFICE OF THE CLERK
<br /> floors, one hundred thirty-two (132)rooms, eight(8) suites, car rental. It's just a beautiful facility.
<br /> They're adding, as I understand it, some meeting rooms on the first(1st)floor right now. So, again,
<br /> have coffee there if you haven't already. The final one(1)for JSK,is then the former Hall of Fame.
<br /> So, we, the City, sold the Hall of Fame to JSK Development about a year ago. We know they're
<br /> still working on the future use of that. I've had a lot of conversations and so on, and we're helping
<br /> wherever we can. That was a two (2) year vacant building type phase in. So, again, these three (3)
<br /> together, it was the form three twenty-two (322)-RE that didn't make it to the Auditor's office. I
<br /> know they had some personnel changes and so on, that may have affected some of that. I'll allow
<br /> them to talk for a moment, and unless you have any further questions for me on these three (3)
<br /> particular ones.
<br /> Councilmember Gavin Ferlic stated, So,just confirming, outside of just not filing paperwork,
<br /> have all the criteria for the tax abatement been met?
<br /> Dan Buckenmeyer replied, Exceeded, yes.
<br /> Councilmember Gavin Ferlic asked, Just want to make a general statement, you know, relative to
<br /> when I started on Community Investment, maybe 2012, 2013. And we used to bring seven (7)
<br /> eight (8) nine (9) ten (10) eleven (11) companies and I think it's while we want to be perfect, I
<br /> think having two (2) companies for this year is still really good progress, and we understand that
<br /> things just happen sometimes, and, you know, deadlines get missed, but we have this process to
<br /> rectify that when it happens. So, I'll leave it at that but open up to any questions anybody might
<br /> have.
<br /> Councilmember John Voorde stated, I just wanted to compliment Community Investment because
<br /> you're doing apparently, so much better a job than the past where there might have been a dozen
<br /> (12).
<br /> Mr. Buckenmeyer stated, It would be wrong if I didn't recognize Angelina Billo who is really the
<br /> muscle behind this.
<br /> Councilmember Karen L. White asked, What has been the rate of business for those two (2)
<br /> locations?The Marriott and the one(1)on Michigan in terms of any vacancies that you might have
<br /> had since you've been open, but also your relationship with the Century Center because you're
<br /> directly across from them.
<br /> Kenneth Roman, Executive Vice President for JSK, 247 N. Dixie Way, South Bend, IN stated,
<br /> You were asking how many businesses we've had. So, when you say vacancy, are you referring
<br /> to the retail space in the building?
<br /> Councilmember Karen White replied, I'm looking more towards your occupancy right now, but
<br /> you can also throw in the retail information as well.
<br /> Mr. Roman stated, The hotel is performing very well. We're ramping nicely. We'd like to be
<br /> ramped above one hundred percent (100%). Market Index we're just under one hundred-ninety-
<br /> five (195) to two hundred (200). Performing at a slight financial loss here today but the numbers
<br /> are promising. We do have some retail space on the first (11 floor of the Courtyard that hasn't
<br /> been leased yet. We're going to be converting some of that to meeting space for the hotel. We're
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