17-39 Hoffman Hotel Tax Abatement Compliance Waiver

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STATEMENT OF BENEFITS 20_PAY 20_ x� REAL ESTATE IMPROVEMENTS State Form 51767(116l 10-14) FORM S13-1 I Real Property Prescribed by the Department of Local Government Finance PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concerning the cost Redevelopment or rehabilitation of real estate improvements IC 6-1.1-12.1-4 of the property and specific salaries (� p P ( ) paid to individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC 6-1.1-12.1-5.1. INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise, this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction. 3. To obtain a deduction,a Form 3221RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is made or not later than thirty(30)days alter the assessment notice is mailed to the property owner if it was mailed after April 10. A property owner who failed to file a deduction application within the prescribed deadline may rile an application between March 1 and May 10 of a subsequent year 4. A property owner who files for the deduction must provide the County Auditor and designating body with a Form CF-1/Real Property. The Form CF-I/Real Property should be attached to the Form 3221RE when the deduction is first claimed and than updated annually for each year the deduction is applicable. IC 6-1.1-12.1-5.1(b) 5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in effect. iC 6-1.1-12.1-17 SECTION •• • Name of taxpayer Hoffman Hotel Apartments Housing Partners, L.P. Address of taxpayer(number and street,city,state.and ZiP code) 4000 W. 106th Street, Suite 125-146 Name of contact person Telephone number E-mail address William J. Hollingsworth ( 317 ) 557-9942 vfioiiingswonhoequaidevelopmentccm SECTION DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number City of South Bend Location of property County DLGF taxing district number 120 W. LaSalle Ave, South Bend, IN 46601 St. Joseph Description of real property Improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start dale(month,day.year) 48 Apartment units 10/11/14 Estimated completion date(month,day 5/1/16 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Curren)number Salaries Number retained Salaries Number additional Sala r es 1.00 $35,000.00 1.00 $35,000.00 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS _ COST ASSESSED VALUE Current values ea4.200.00 Plus estimated values of proposed project _ 1.500.000.00 Less values of any property being replaced Net estimated values upon completion of project 2.WA.200.00 SECTION • r AND OTHER BENEMS PROMISED Estimated solid waste converted(pounds) i Estimated hazardous waste converted(pounds) Other benefits ——— -- - - SECTION • I hereby certify that the representations in this statement are true. Signature of authatized representative Date signed(month,day.year) � 15/15/16 Printed name of authorized represenMrive Title William J. Hollingsworth Sole Member of the G.P. Page 1 of 2