19-26 Catalyst Three Designating Real Property Tax Abatement

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Filed in Clerk's Office STATEMENT OF BENEFITS 4I R 2 9 2019 i t 2020 PAY 2021 i 4:. REAL ESTATE IMPROVEMENTS' State Form 51767(R6/10-14) t fr`•J ,rl�>---T- FORM SB-1/Real Property `' Prescribed by the Department of Local Government Finance il CITY CLERK,SOUTH FEND,IN I PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Code(check one bax)--- Any information concerning the cost • 0 Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the property and specific salaries ❑Residential) distressed area(IC 6-1.1-12.1-4.1 ppr perd to i owners conempfidential p the y 1 IC 6-1.1-12.1-5.1 property per 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 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 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 6-1.1-12.1-5.1(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 (I SECTION 1 TAXPAYER INFORMATION 1 Name of taxpayer CATALYST THREE LLC i Address of taxpayer(number and street,city,state,and ZIP code) 112 WEST JEFFERSON BLVD., SUITE 200 Name of contact person Telephone number E-mail address Jeff Smoke,Director (574 ) 251-4400 JEF jsmoke(d.greatlakescapital.cpm }( SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT t Name of designating body Resolution number Common Council of City of South Bend i Location of property `County DLGF taxing district number 1 Ignition Park Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) I Estimated start date(month,day,year) JI November 2019 Proposed investment of over$16,000,000 for new construction of office building in Ignition Park Estimate dcompletion date(month,day,year) Feb. 20121 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST I ASSESSED VALUE Current values Plus estimated values of proposed project 16,000.000 iLess values of any property being replaced Net estimated values upon completion of project )16.000.00(1 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits tr SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the represen ti\o in i statement are true. Signature of authorzed representaliv �t, I Dale sped(mmth,day,year) 3/0-9 /9 Printed name of authorized represents'e Title Page 1 of 2