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Filed in Clerk's Off+ <br /> .PEAfCE <br /> x x AUG 0 9 2017 <br /> 1865 I <br /> ii rh lll!!"•iH R61WLEN <br /> CITY OF SOUTH BEN ^' LI�K, ®DTI BEN;a <br /> COMMUNITY INVESTMENT <br /> August 7,2017 <br /> Council Member Gavin Ferlic, Chairperson <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor,County City Building <br /> South Bend, IN 46601 <br /> RE: Submission of Resolution Approving Waiver of Noncompliance for Real Property <br /> Tax Abatement for Vida Realty, LLC <br /> Dear Council Member Ferlic, <br /> Attached please find a proposed form of resolution approving a waiver of <br /> noncompliance, pursuant to Indiana Code 6-1.1-12.1-11.3, for Vida Realty, LLC (the <br /> "Company"). The South Bend Common Council (the "Common Council") adopted its <br /> Confirming Resolution 4350-14 confirming the designation of a certain area in the City of <br /> South Bend, Indiana as an Economic Revitalization Area for the purposes of granting a <br /> two (2) year tax abatement for vacant real property in conjunction with investment in <br /> improvements to existing building construction along with purchase of new machinery & <br /> equipment, special tooling/retooling and new computer/IT hardware. <br /> The St. Joseph County Assessor's Office distributed a Notice of Assessment on <br /> January 1, 2016. The Company filed a Form CF-1/VBD with the City of South Bend in <br /> 2017, however, the Company inadvertently did not file the Forms CF-1/VBD and <br /> 322NBD in 2015 and 2016 with the Auditor's office. The Company received Tax Bills in <br /> 2015 and 2016 but was under assumption that since they were granted a tax abatement <br /> those bills were sent mistakenly. Then the Company received a Tax Bill in April 2017 <br /> providing that the spring installment of 2016 personal property taxes was due May 10, <br /> 2017. That time the Company remitted payment of$1.0,964.04 to the St. Joseph County <br /> Treasurer but it still owes $19,559.71 of delinquent taxes for the previous years. <br /> The Company is requesting that the Common Council waive noncompliance with <br /> the filing deadline for the Form 322NBD for 2015 and 2016. <br /> The Department of Community Investment endorses and supports this waiver as <br /> the Company has met and/or exceeded their abatement milestones.The Company exceeded <br /> the project cost stated in the original petition for tax abatement. The initial cost of the <br /> project was estimated to be $100,000 over two years and the actual cost was $184,368. <br /> EXCELLENCE I ACCOUNTABILITY INNOVATION I INCLUSION I EMPOWERMENT <br /> 14005 County-City Building 227W Jefferson Bvld. South Bend,Indiana 46601 p574.235.9371 www.southbendin.gov <br />