19-09 SWGS Properties, LLC Designating Real Property Tax Abatement

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70?'r'y a.. STATEMENT OF BENEFITS IL 1 2019 PAY 20 20 1i,i REAL ESTATE IMPROVEMENTS JAN 8{/ state Form 51767(R6/10-14) FORM SB-1 I Real Property •' / Prescribed by the Department of Local Government Finan "-'- PRIVACY NOTICE ;pp�pb�Ef�4Ar - 1fLER This statement t being completed for real property that qualifies under the IIQwjpg�(tgi0(p;C;o �CheC Any information concerning the cost Qi Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-1 '&4)J (G�IL.t�tiiKKKK .7. - UCiV[l,IN of the progeny and speulic eateries Paid to Individual employees by the 0 Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC 6-1.1-12.1-5.1. iNSTRUCTIONo. 1, This stateme nt 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 Seduction.a Form 322/RE 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 after 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 file an application between March 1 and May 10 of a subsequent year. 4. A property o aner 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 shCuld be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. iC 6-1.1-12. -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 alowed. 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 elect. IC 6-1.1-12.1-17 SECTION 1 TAXPAYER INFORMATION Name of texpeye (y44.5 a^✓ !- 5 ` A — Grace Steel LLC (Pam Andre is Woman Owrier) 4....e Address of taxptr er(number end street,city,state,and ZIP code) 21601 Du-ham Way, Bristol, IN 46507 Name of contact Gerson Telephone number E-mail address David An ire, Owner ( 574 ) 536-2445 davtdandre@gracesteeiselvice.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designs ng body Resolution number City Coun.il of South Bend Location of prope ty I County DLGF taxing district number 2920 Wes' Sample Street, South Bend, IN 46619 ST JOSEPH 026 Description of re. property,mprovoments.redevelopment or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) Building purcease price of$765,000 with planned$500,000 building upgrades to operate manufacturing/distribution 2/15/2019 facility including modem roof,flooring,and loading docks.Legal description Is 400'On Sample Beg 330'E&35'S Estimated completion date(month,day.year) NW Cor NW pec 15-37-2e. Parcel number Is 018-8075-282401/018.8075-282404. 12/31/2020 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries 0.00 $0.00 0.00 $0.00 10.00 $416,000.00 SECTION 4 ESTIMATED TOTAL COS r AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values Plus estimai cd values of proposed project 500,000.00 500.000.60 Less values if any property being replaced Net estimat-• values upon completion of proect 500.000.00 500,000.00 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated s5 lid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits . SECTION 6 TAXPAYER CERTIFICATION I hereby Certify that the repr•sen ons i IS statement are true. Signature of aid/timed repres¢hte' - Date signed(month,day,year) ,d li January 4, 2019 Pnnted name of I uthon representative 1 Title David Andre Owner Page 1 of 2