19-25 CBK Land Development Confirming Real Property Tax Abatement

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Filed in Clerk's Office C4\/: STATEMENT OF BENEFITSMAR 2 5 201920PAY20REAL ESTATE IMPROVEMENTS Slate Form 617n7(R6! 0-94) i i t;_Jfir,,{ RFORM SB-1/Real Property Prescribed by the Department of Local Government Finan � E1=idiMt CITY(`.t F..9t.:,< SOUTH IT.1 PF 'D IN PRIVACY NOTICE This statement is being completed for real property that qualifies under the f CITY. Coda check ono tithe).—'——• My Information concerning the cost Q Redevelopment or rehabilitationt of real estate improvements(IC 6-1.1-12,1-4) of thepre xny and splits nby Inn pard to individual employees by tion ❑Residentially distressed area(IC 6-1.1-12,1-4.1) pproperty owner is confidential oar INSTRUCTIONS: IC 6.1.1-121-5.1. 1. This statement must be submrlfed 10 the body designating the Economic Revitalization Aloa prior to the public hearing if the designating body requires InlomatIon from the applicant in making its decision about whether to designate.en Economic Revitalization Arse. Otherwise,this statement must he 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 on economic revllalizatlon area before the inglel/on of the re.develepmenf 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 IO In the year in which the addition to assessed valuation Is made or not later than thirty(30)days oiler the assessment notice Is mailed/o the properly owner if It was malted after Apra 10. A properly owner who failed fo file a deduction application within the prescribed deadline may lila an application between March 1 and May 10 of a subsequent yeah 4I. A property owner who files for the deduction must provide the County Auditor end designating body with a Form CF-1/Reel Property. The Form CF-1/Real Properly 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-I/Real Property that is approved atter June 30, 2013, the designating body is required to establish an abatement schedule for each deduction slowed. For a Form SB-1/Real Property that is approved prior fo 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 CBK Land Development, LLC Address et taxpayer(number and street.city stats.and ZIP code) — 5245 Dylan Drive South Bend, IN 46628 Name of contact person Telephone number E-moll address ( ) 248-620-7784 landrew@chaseplastics.com SECTION 2 LOCATION AND'DESCRIPTION OF PROPOSED PROJECT Name of designating body Resclutlon number CBK Land Development, LLC Location or propertyCounty DLGF taxing district number 5245 Dylan Drive, South Bend, IN 466281 St. Joseph Description of real property unprovements,redevelopment,or rehabilitation(use addeonel sheets If necessary) EnUmnled start data(month,day,year) May 2019 Project will consist of adding an approximate 80,000 sq.ft. to the existing 126,000 sq. ft.at Estimated completion dela(moMr,day,year) January 2020 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Currant number Salaries Number retained Salaries Number additional Salaries 18 $847,000 18 $847,000 13 $520,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT I REAL ESTATE IMPROVEMENTS ! COST ASSESSED VALUE Current values $5,647,964 $3,465,000 Plus estimated values of proposed project !$3,500,000 I l Less values of any properly being replaced Is() l 1 Net estimated values upon comr!ellon of•rolect $9,147,964 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste conversed(pounds) 1 • Other benefits l I 1 SECTION G TAXPAYER CERTIFICATION I heroby certify that the representations in this statement are true. Sigtiro of authorize cental Delo shred(month.day.year) 1 .V /f 9 Printed name of authorized represental a Titin ��Efz'r- t t�cc4 t„C s,fuss-�&.S < Page 1 of2