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4783-19 GLC Portage Prairie IV Confirming Real Property Tax Abatement
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4783-19 GLC Portage Prairie IV Confirming Real Property Tax Abatement
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5/20/2019 9:35:30 AM
Creation date
5/16/2019 12:38:04 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/13/2019
Ord-Res Number
4783-19
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City of South Bend <br /> Petition for Incentives . <br /> Petition must include a$250 filing fee payable to the Clay Clerk's Office or online via the City's website at <br /> http://southbendin.gov/government/content/tax-abatement before processing can be complete ams <br /> General Information Project Name SPEC IV Project Number <br /> Legal name as registered with Secretary of GLC Portage Prairie IV <br /> State <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 t 1 acres+1- Is the real estate owned or Owned <br /> Irmsert <br /> Square feet of fadllty 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 <br /> jsmoke@greatlakescapital.corn <br /> Senior Official Information <br /> Company senior official name Jeff Smoke Title Director <br /> Address of company contact(If different from Same Phone 574-855-5700 <br /> a hovel <br /> City,State,ZIP Email jsmoke@greatlakescapital.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Richard Dedhl,Barnes and Thornburg Consultant release(Y/N) Yes <br /> Address 100 N Michigan Street, Suite 700 Local economic development partners <br /> approval(Y/N <br /> City,State,Zlp 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 /> propertylsnecessaryfor 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 t <br /> Is the project in a Tax Incremental Financing Yes 1 l <br /> MAR 9 2019, <br /> (TIF 1 area? If so,which? 2 <br /> Certify that the Building Permit has not been No Permit Issued Number of residential units opted by N/4 <br /> issued(y/NI croiect j <br /> If this Is a petition for personal property tax abatement,has <br /> N/A KA.REEMAN FOWLER <br /> the equipment been installed <br /> I ;717-Y r+ `w,(,SOUTi I©END, IN <br /> : <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 protect 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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