19-07 SWGS Properties, LLC Designating Vacant Building Tax Abatement

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'7!"; STATEMENT OF BENEFITS Filed in Clerk's Office 20 19 PAY 2a jai VACANT BUILDING DEDUCTION -- ---- 20 (2 ') State Form 55182(R/2-14) FORM S13-1/VBD Rrescribed by the Department of Local Government inance JAN b J 19 PRIVACY NOTICE This statement i I being completed for real property that qualifies as n"eiigl by The cost and any specific indrvidue!'s IC Cr-1.1-12.1-1(17y EEt-,�i l CW�R salary information is confidential,the CITY CLERF BEND,IN balance of the titin is public record per IC 6-1.1-12.1-5.1 Wand(d). 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 info Mallen from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise,this statement must be sub pitted to the designating body BEFORE the occupation of the eligible vacant building for which the person wishes to claim a deduction. 2. To obtain a vacant building deduction,a Form 322NBD must be filed with the county auditor before May 10 in the year in which the property owner or his tenant occupies the vacant building or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10. if the property owner misses the May 10 deadline in the initial year of occupation,he can apply between March 1 and May 10 of a subsequent year. 3 A property o vner who files the Form 322NBD must provide the county auditor and the designating body with a Form CF-1NBD to show compliance with the app eyed Form SB-1NBD. The Form CF-INBD must also be updated each year in which the deduction is applicable. SECTION 1 TAXPAYER INFORMATION Name of taxpaye SWGS Properties, LLC (Operating Entity is Grace Steel LLC-Pam Andre is Woman Owner) Address of taxpa er(number end street,city,state,and ZIP code) 21601 Durham Way,Bristol, IN 46507 Name of contact/gasp Telephone number E-mail address David Andre I( 574 ) 536-2445 davidandre@gracesteelservice.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name at designs Ing body Resolution number South Bend ttity Council Location of propriety I County DLGF taxing district number 2920 West S mole Street,South Bend, IN 46619 ST JOSEPH 026 Description of ell ible vacant building that the property owner or tenant will occupy(use additional sheets it necessary). Estimated occupancy date(month,day,year) Planned$500,000 building upgrades to operate mfr/logistics facility including modern roof,flooring, 2/15/2019 and loadingocks.There are 2 parcels for vacant building/land that have not been utilized for close Estimated date placed-in-use(month,day,year) to 5 years. Legal description is 400'On Sample Beg 330' E&35'S NW Cor NW Sec 15-37-2e. 12/31/2020 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS A RESULT OF PROPOSED PROJEC Current number Salaries Number retained Salaries Number additional Salaries 0 0.00 0 0.00 10 416,000.00 SECTION ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current value 549,000.00 Plus estimate 1 values of proposed oroiect 500.000.00 I 500,000.00 Less values of any property being replaced Net estfmatec,values upon completion of project 500,000.00 1,049,000.00 SECTION 5 EFFOR rS TO SELL OR LEASE VACANT BU,LD:NG Described effort-by the owner or previous owner to sell,lease,or rent the building dunng penod of vacancy: Schupan Properties has owned building and has not made great effort to use building or sell it in recent years. Show amountfol which the building was offered for sale,lease,or rent during period of vacancy. $765,000-SEE ATTACHED PURCHASE AGREEMENT List any other benefits resulting from the occupancy of the eligible vacant building. Company wi Immediately help neighborhood with new hires spending money at local vendors and improving security at building with upgraded faiade to eliminate appearance of deterioration along with theft prevention. There are building upgrades planned and would provide mon ay to City and local utilities with building back in use for greater utility usage. Underground storage tanks will be removed to ensure no fu'ure contamination issues. SECTION ii rAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of cut&er-sed re. 5. • Ttsei Date signed(month,day,year) Br' (I yAP.141 1!17/2019 Pagel of 2