19-22 Hopkins Properties Designating Real Property Tax Abatement

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Filed in Clerk's Qft e "' A STATEMENT OF BENEFITS e - _ - I 2019 PAY 20 1.._. . 1 REAL ESTATE IMPROVEMENTS r ii' 1. `1 State Form 51767(R6/10-14) MAR 2 1�� • FORM SB-1/Real Property ' Prescribed by the Department of Local Government Finance ---_.; , PRIVACY NOTICE This statement is being completed for real property that qualifies under the followleg Indtana'Code(cheOkeif box): Any information concerning the cost p ;1tr )R , of the property and specific salaries �f]Redevelopment or rehabilitation of real estate improvements(IC 6-1.1 10Ct ERK,SOOT!t +-+ +� paid to individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) ---- property owner is confidential per IC 6-1r.1-12.1-5.1. 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 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 deduction,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 foiled to file a deduction application within the prescribed deadline may file en application between March 1 and May 10 of a 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 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. IC 6-1.1-12.15.1(b) 5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish en abatement schedule for each deduction allowed. For a Form SB-i/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 SECTION 1 TAXPAYER INFORMATION Name of taxpayer Hopkins Properties of South Bend, LLC(and/or Truck Centers. Inc.) Address of taxpayer(number and street city,state,and ZIP code) 2280 Formosa Road,Troy, IL 62294 Name of contact person Telephone number E-mail address Justin Hopkins ( 618) 667-3454 justinhopkins@truckcentrsinc.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of City of South Bend Location of propertyCounty DLGF taxing district number 4373 Ameritech Drive, South Bend, Indiana 46628 I St. Joseph 71-003 Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) Proposed investment of$16,000,000 in site acquisition and construction of 100,000+/- April,2019 square foot building facility. Estimated let dale(month,day.year) January, 2021 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries 42 $2,150,000 42 $2,150,000 30 $1,500,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST I ASSESSED VALUE Current values $ 875,000 I $270,300 Plus estimated values of proposed project $16,000,000 Reg.17 Less values of any property being replaced N/A I N/A l Net estimated values upon completion of.ro ect $16,875,000 Reg.17 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby ce//rt�ti at a r-presentations in this statement are true. Signatu pf�t bry /10 r Date signed(month,day,year) G �`i� March 27, 20 i9 Printed name r uthori representative I Title M. ohn Hopkins, IV Chairman/CEO Truck Centers, Inc. Page 1 of 2