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19-29 GLC Portage Prairie IV Confirming Real Property Tax Abatement
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19-29 GLC Portage Prairie IV Confirming Real Property Tax Abatement
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4/10/2019 3:23:27 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/22/2019
Bill Number
19-29
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City of South Bend <br /> Petition for Incentives <br /> Petition must Include a$250 filing fee payable to the City Clerk's Office or online via the City's website at <br /> http://southbendin.gov/government/content/tox-abatement before processing can be complete <br /> General Information Project Name SPEC IV Project Number <br /> Legal name as registered with Secretary of <br /> State GLC Portage Prairie IV <br /> Business structure Indiana Limited Liability Company <br /> Company website www.greatlakescapital.com <br /> Proposed Project Information <br /> Proposed project address NE corner of Adam Rd/U.S.31 Bypass Parent company name <br /> City,State,Zip South Bend IN 46628 Legal owner Waggoner's Dairy Farm <br /> 'Site acreage or acreage required 1 1 acres+1- Is the real estate owned or Owned <br /> _lensert <br /> Square feet of facility Approximately 166,000 If leased by whom <br /> Primary Contact Information <br /> Primary company contact name Jeff Smoke Title Director <br /> Address of company contact 112 W Jefferson Blvd.,Suite 200 Phone 574-855-5700 <br /> City,State,Zip South Bend IN 46601 Email jsmoke@greatlakescapital.com <br /> Senior Official Information <br /> Company senior official name Jeff Smoke Tttle Director <br /> Address of company contact(If different from Same Phone 574-855-5700 <br /> abovel <br /> City,State,ZIP Email jsmoke@greatlakescapital.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Consultant release <br /> Richard Deahl,Barnes and Thornburg Yes <br /> Address 100 N Michigan Street, Suite 700 Local economic development partners <br /> approval(Y/N <br /> City,State,Zip South Bend, Indiana 46601 Email rdeahl@btlaw.com <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the Great Lakes Capital ("GLC") is the sponsor of GLC Portage Prairie IV. GLC <br /> property Is necessary for is proposing to develop a "spec" building with a proposed investment of over <br /> economic growth $7,000,000 within Portage Prairie, to help support continued building <br /> growth, momentum and attractiveness of City to prospective <br /> users/operators. This spec project will complement previous buildings <br /> which totaled over 420,000 SF and will house over 400 employees. SPEC <br /> IV will consist of approximately 166,000 SF and be designed as a modern <br /> cross docked facility with great access to the interstate with highway <br /> visibility. SPEC IV will provide much needed move in ready inventory to a <br /> market with extremely low vacancy and lack of bulk warehouse options. <br /> Filed in Clerk's O'fice <br /> Certified Technology Park appropriate N/A <br /> Is the project in a Tax Incremental Financing Yes I I <br /> ITIF I area? If so,which? MAR 2 9 2019 <br /> Certify that the Building Permit has not been No Permit Issued Number of residential units treated by N/4 <br /> issued(Y/NI stolect <br /> If this Is a petition for personal property tax abatement,has N/A KAREEMAH FOWLER <br /> the equipment seen installed <br /> r7r-h" BEND,IN <br /> Investment Details <br /> Public Infrastructure needs(Off- Has any 504 funding been What Is the value of any equipment being purchased in What Is the value of any equipment being <br /> site of project In dollars) received? Indiana for the project? purchased from out of state for the project? <br /> No N/A N/A <br />
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