19-08 SWGS Properties, LLC Confirming Tax Abatement

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Filed in Clerk's Office 7,470, 44;� STATEMENT OF BENEFITS _ _ 20 19 PAY 20 20 VACANT BUILDING DEDUCTION — sate Farm 55182(R/2-14) FORM Se-1/VBD 4�f/ F rescribed b the De artment of Local Government -inance JAN i y p J;,.. ' 19 PRIVACY NOTICE This statement is being completed for real property that qualifies as an"eiigi. • ttAl d by it ''CSnThe cost and any spera!c individual's IC6-1,1-12.1-1(17). REE:tIr;.':I'I C'WLER salary Info abon is corrhdei'v.eA,the CITY CLERr BEND,INbalance of the filing is pudic record per k 6-1.1-12.1-6.1(c)and(d). INSTRUCTiONP: 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 mation 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 occupation of the eligible vacant butding far which the person wishes to claim a deduction. 2. To obtain a wecanr 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 marled to the property owner if it was mailed afterApril 10. ff 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 owner who files the Form 322/VBD must provide the county auditor and the designating body with a Form CF-iNBD to show compliance with the approved Form SB-1NBD. The Form CF-1NBD 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 coda) 21601 Durham Way,Bristol, IN 46507 Name of contact>arson Tefepheno number 'E-marl address David Andre ( 574 ) 536-2445 davidandrei gracesteelservice.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of deeignasing body Reicluuon number South Bend City Council Location of properly DLGF taxing district number 2920 West Sample Street,South Bend, IN 46619 'County ST JOSEPH 026 Description of ell{ible vacant building that the property owner or tenant will occupy(use additional sheets if 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 loading cocks.There are 2 parcels for vacant building/land that have not been utilized for close Estimated date placed-in-use(month,day,seer) to 5 years. LE gal description is 400'On Sample Beg 330'E&35'S NW Cor NW Sec 15-37-2e. 12/31/2020 SECTION 3 ES TIMATE OF EMPLOYEES AND SALARIES AS A RESULT OF PROPOSED PROJEC f 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 VALU1`__ Current value t 549,000.00 Plus estimate i values of proposed project 500.000.00 500,000.00 Less values a1 any property being replaced Net estimated values upon completion of protea 500,000.00 1,049,000.00 SECTION 5 EFFOR TS TO SELL OR LEASE VACANT BUILDING Described effort,by the owner or previous owner to sell,lease,or rent the budding during paned of vacancy: Schupan Properties has owned building and has not made great effort to use building or sell it in recent years. Show amount fo which the building wee 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 facade to eliminate appearance of deterioration along with theft prevention. There are building upgrades planned and would provide money 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 I: TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of a • • •ed re. es• • Tine LDate signed(month,day,year) CIO refilwh,ef.^' - 1/17(2019 Page 1 of 2