17-76 Tax Abatement for River Park Corp

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�_a�_r+�...`verrr...uvrrravvL.rv�irv..� t\ , State Form 51767(R6 110-14) FORM SB-7/Real Property i `�`s,9 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 of the property and specific salaries ❑Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) paid to individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) property ovrner 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 priorto 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 orrehabilitation of real property for which the person wishes to claim a deduction. 2. The statement ofbenen`ts 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 yearinn which the addition to assessed valuation is made or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed afterApril 10. A property owner who failed to file a deduction application within the prescribed deadline may file an application between March 1 and May 10 of 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-1/Real Property should be attached to the Form 3221RE when the deduction is first claimed and then 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 TAXPAYER SECTION I INFORMATION Name of taxpayer River Park Leasing Corporation Address of taxpayer(numberand street,city,state,and 7JPcode) c/o Randall Hesser; 121 West Franklin, Suite 400; Elkhart, Indiana 46516 Name of contact person Telephone number E-mail address Randall Hesser ( 574 ) 294-7491 Name of designating body Resolution number Common Council of City of South Bend Location of property County DLGF taxing district number SW Corner of Main St. and Jefferson Blvd., South B St. Joseph 71-011 Description of real properly improvements,redevelopment,or rehabilitation(use addWonal sheets irnecessary) Estimated start date(month,day,year) Proposed investment of at least$9,000,000 to the development and construction of a new office buldng(with first March 2018 floor retail)at the SIN comer of Main Street and Jefferson Blvd.,in South Bend,Indiana. Estimated completion date(month.day,year) July 2019 ;jell I=1 1111111W= Current number Salaries Number retained Salaries Numb er add icna' S75es REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) °iaSE 9%fisestimates that the project will result in the creation of at least 15 new full time jobs having an annual payroll of$750,000 within three years of building completion. These jobs are in addition to the creation of employment by tenants within the first floor retail and office tenants on floors 2-4 of the building. SECTION • I hereby certify that the representations in this statement are true. Signal ure of tho' ed representative Date signed(month,day,year) au f, Nov. ZO , 2017 Printed name of authorized representative Title A �OWar1� C.�tJ�9 �•��A�1Sr//