HomeMy WebLinkAbout4815-19 Confirming Vacant Building Tax Abatement for 3602 Sample, LLC PRIVACY NOTIcE ZG 2J PAV�p 2
"4. COMPLIANCE WITH STATEMENT OF BENEFITS The cost and any specific ndivigr� din Clerk's; VACANT BUILDING DEDUCTION salary Information Is contitentla ht c„o„ X Mir,
balance of the filing is P U Ilio {-�"" "'
State Form 55183(R3/12-22)
recoil)
�,r .!"if Prescribed by the Department of Local Government Finance per IC 6-1.1-12.1-5.3(I!)and(I).
APR 2'7 2023_
INSTRUCTIONS: 1. Properly owners must file this form with the county auditor and the designating body for their n view reg prcling the compliance o the qualifyin 3
property with the Statement of Benefits(Form SB-1/VBD).
2. This form must accompany the initial deduction application(Form 322-VBD)that is filed with the county at0AWN M.JONES
3. This form must also be updated each year in which the deduction is applicable.It is filed with t ecOitU7hrilEt)EbiciNe.ore
May 15th or by the due date of the real property owner's personal property return that is filed in the township were the property is located. 1,C
6-1.1-12.1-5.3(j))
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Name of Taxpayer County
3602 Sample LLC / SEAFLO Marine & RV North America St. Joseph County
Address of Taxpayer(number and street.city,state,and ZIP code) DLGF Taxing District Number
3602 W Sample Street, South Bend, Indiana 46619 026 (South Bend-Portage)
Name of Contact Person Telephone Number Email Address
Christopher Kapsaskis ( 732 )895-5895 chris@seaflousa.com
SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY
Name of Desianatino Body I Resolution Number I Estimated Occupancy Date(month day vearl
City of South Bend Common Council 14815-19 11/01/2019
Location of Property Actual Occupancy Date(month,day,year)
3602 W Sample Street, South Bend, Indiana 46619 11/01/2019
Description of eligible vacant building that the property owner or tenant will occupy Estimated Date Placed-In-Use(month,day,year)
11/01/2019
Building was vacant and deteriorating. We restored it back to use. Actual Date Placed-In-Use(month,day,year)
11/01/2019
EMPLOYEES AND SALARIES AS ESTIMATED ON SB-1 ACTUAL
Current Number of Employees 6 33
Salaries $149,760 Total $1,029,600 Total
Number of Employees Retained 6 1
Salaries $149,760 Total $1,029,600 Total
Number of Additional Employees 12 32
Salaries $299 5i2n Total $1 n29 6n0 Total
COST AND VALUES REAL ESTATE IMPROVEMENTS
AS ESTIMATED ON SB-1 COST ASSESSED VALUE
Values Before Project $ $ 472,800
Plus:Values of Proposed Project $ $ 160,000
Less:Values of Any Property Being Replaced $ $
Net Values Upon Completion of Project $ $ 632,800
I ACTUAL I COST I ASSESSED VALUE
Values Before Project $ $ 472,800
Plus:Values of Proposed Project $ 175,000 $
Less:Values of Any Property Being Replaced $ $
Net Values Upon Completion of Project $ 1755,000 $ 472,800
SECTION 5 UPDATES TO THE ANSWERS PROVIDED IN SECTION 5 OF THE FORM SB-1/VBD,IF ANY
(Attach additional sheet(s)if necessary)
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SECTION 6 TAXPAYER CERTIFICATION
I eby c- Ify t . the reprettations in this statement are true.
Si ature of •utho' ed Repr n tl4e I Title I Date Signed(month,day,year)
I Chris Ilnr.c nnkin (Pnrtncr) I A/1 A/23
/ I VI 11 IV IMAVV1.4.60 \I wI ti I T/ ITIL-V
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OPTIONAL:FOR USE BY A DESIGNATING BODY WHO ELECTS TO REVIEW THE COMPLIANCE WITH THE FORM SB-1IVBD
INSTRUCTIONS: (IC-6-f.1-7'2.1-5.3 and IC 64.112.1-5.9)
1. Not later than forty-five(45)days after receipt of this form,the designating body may determine whether or not the property owner has substantially
complied with the Statement of Benefits(Form SB-1NBD).
2. If the property owner is found NOT to be in substantial compliance,the designating body shall send the property owner written notice. The notice must
include the reasons for the determination,including the date,time,and place of a hearing to be conducted by the designating body The date of this hearing
may not be more than thirty(30)days after the date this notice is mailed.A copy of the notice may be sent to the county auditor and the county assessor.
3. Based on the information presented at the hearing,the designating body shall determine whether or not the property owner has made reasonable efforts to
substantially comply with the Statement of Benefits(Form SB-1NBD)and whether any failure to substantially comply was caused by tactors beyond the
control of the property owner.
4. If the designating body determines that the property owner has NOT made a reasonable effort to comply,the designating body shall adopt a resolution
terminating the property owner's deduction.If the designating body adopts a resolution,the deduction does not apply to the next installment of property
taxes owed by the property owner or to any subsequent installment of property taxes. The designating body shall immediately mail a certified copy of the
resolution to:(1)the property owner,(2)the county auditor;and(3)the county assessor.
We have reviewed the CF-1 and find that:
❑ The property owner IS in substantial compliance
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❑ The property owner IS NOT in substantial compliance
❑ Other(specify)
Reasons for the Determination(attach additional sheets if necessary)
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Signature of Authorized Member Date Signed(month,day,year)
Attested By Designating Body
If the property owner is found not to be in substantial compliance,the property owner shall receive the opportunity for a hearing,The following date and
time has been set aside for the purpose of considering compliance.(Hearing must be held within thirty(30)days of the date of mailing this notice)
Time of Hearing ❑ AM Date of Hearing(month,day,year) Location of Hearing
❑ PM
HEARING RESULTS(to be completed after the hearing)
❑ Approved ❑ Denied J.SAP Instrurtinn 4 ahri l ,a
Reasons for the Determination(attach additional sheets if necessary) Filed in Clerk's Office
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DAWN M.JONES
CITY CLERK.SOUTH BEND, IN
Signature of Authorized Member I Date Signed(month,day,year-)
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Attested By Designating Body
APPEAL RIGHTS[IC 6-1.1-12.1-5.9(e)]
A property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a complaint in the office of the clerk of the Circuit or
Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner.
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'n Clerk's Office
-R�•,, APPLICATION FOR DEDUCTION FROM ASSESSED VAL•
�N 20 23 PAY 2024
Alt, REAL PROPERTY VACANT BUILDING DEDUCTION
iCi� �+ State Form 53179(R5/1-21) APR 2 7 202 FORM 322 I VBD
*�' - Prescribed bythe Department of Local Government Finance L.
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INSTRUCTIONS: DAWN M,JONES
CITY CLERK,SOUTH BEND,IN
1. This form is to be filed with the county auditor of the county in which the eligible vacant building is located.
2. To obtain a vacant building deduction,a Form 322/VBD must be filed with the county auditor before May 10 in the year in which the property owner or
his tenant occupies the vacant building or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after
April 9. If the property owner misses these deadlines in the initial year of occupation, he can apply between January 1 and May 10 of a subsequent year.
3. The eligible vacant building must have been unoccupied for at least one(1)year and be zoned for commercial or industrial purposes.
4. A copy of the approved Form SB-1NBD,the resolution adopted by the designating body,and the Form CF-1NBD must be attached to this application.
5. A property owner who files this form must provide the county auditor and the designating body with a Form CF-1NBD to show compliance with the
approved Form SB-1NBD. The Form CF-1NBD must also be updated and provided to the county auditor and the designating body for each
assessment year in which the deduction is applicable.
SECTION 1 PROPERTY INFORMATION
Address of property(number and street,city,state.and ZIP code)
3602 W Sample Street, South Bend, IN 46619 USA
County Township DLGF taxing district number Parcel number
St. Joseph South Bend 026 (South Bend-Portage) 018-8112-4207
Name of owner Name of contact person
3602 Sample LLC Christopher Kapsaskis
Mailing address of owner(number and street,city,state,and ZIP code)
3602 W Sample Street, South Bend, IN 46619 USA
Telephone number Fax number E-mail address
( 732 ) 895-5895 ( ) chris@seaflousa.com
SECTION 2 REQUEST FOR DEDUCTION AND DESCRIPTION OF BENEFIT TO TAXING JURISDICTION
Describe the real property investment
Before we started our project at 3602 W Sample Street,the future of the building looked grim. It had seemingly sat vacant for decades, and
was in deep disrepair. At the time of our abatement we thought that with$160,000 investment we could revive the building to become at
least minimally operational as we grew into it.As it stands now,our project is 95%complete, and we are just completing some small punch
list items,which includes paint, planting shrubs, landscaping, and some other minor exterior work. Our investment in the building far
outpaced our initial investment estimates,as we have grown faster than we anticipated.We are proud to say the building has gone from a
vacant,tear-down prospect into a vibrant,fully functioning contributor to the South Bend Community.
Total cost of the real property investment
$315,000.00
Is this property within an Economic Revitalization Area(ERA)? Is this property within a Tax Increment Financing(TIF)district as defined in IC 6-1.1-21.2-3?
g Yes ❑No (B Yes ❑ No
ASSESSED VALUE OF LAND ASSESSED VALUE OF ASSESSED VALUE OF LAND AND *ASSESSED VALUE OF ELIGIBLE
IMPROVEMENTS IMPROVEMENTS(TOTAL AN) VACANT BUILDJNG
$ 71,900.00 $ 312,000.00 $ 383,000.00 $ 312,000.00
*NOTE: The amount of the deduction is the assessed value of the building or part of the building that is occupied by the property owner or a tenant of the
property owner that qualifies as an eligible vacant building as defined in IC 6-1.1-12.1,multiplied by the percentage determined by the designating body
under IC 6-1.1-12.1-17.
I hereby certify tha e .bove named taxpayer is li.• - or property taxes at the above listed location on the indicated assessment date and that the
representation •n t application are true an. •rrect. I further certify that the real property investment identified above is eligible for the vacant
buil. . d ctio -s outlined in IC 6-1.1- '.1-4.8 and IC 6-1.1-12.1-16,as applicable.
Si.•ature. own-•or representative(if rept.-•-ntative,attach power of attorney) Date signed(month,day,year)
4/21/23
Printed name of signatory Title Telephone number of preparer
Christopher Kapsaskis Member ( 732 ) 895-5895
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SCHEDULE A-FOR USE BY THE COUNTY AUDITOR IF THE FORM SB-1NBD WAS APPROVED AFTER JUNE 30,2013
YEAR OF DEDUCTION/ASSESSED VALUE/PERCENTAGE/DEDUCTION* YEAR OF DEDUCTION/ASSESSED VALUE/PERCENTAGE/DEDUCTION*
(1)For deductions allowed over a one(1)year period: (8)For deductions allowed over a eight(8)year period:
1 20 pay 20 $ * % $ 1 20 pay 20 $ * % $
2 20 pay 20 $ * % $
(2)For deductions allowed over a two(2)year period: 3 20 pay 20 $ * % $
1 20_pay 20_ $ * % $ 4 20 pay 20_ $ * % $
2 20 pay 20 $ * % $ _ 5 20 pay 20 $ * % $
6 20 pay 20 $ * % $
(3)For deductions allowed over a three(3)year period: 7 20 pay 20 $ * % $
1 20 pay 20_ $ * % $ 8 20 pay 20 $ * % $
2 20_pay 20_ $ * % $
3 20 pay 20 $ * % $ (9)For deductions allowed over a nine(9)year period:
1 20 pay 20 $ * % $
(4)For deductions allowed over a four(4)year period: 2 20 pay 20 $ * % $_
1 20_pay 20_ $ * - % $ 3 20_pay 20_ $ * % $
2 20 pay 20 $ * % $ 4 20 pay 20 $ * % $
3 20_pay 20_ $ * % $ 5 20_pay 20_ $ * % $
4 20 pay 20 $ * % $ 6 20 pay 20 $ * % $
7 20_pay 20_ $ * % $
(5)For deductions allowed over a five(5)year period: 8 20 pay 20 $ * % $
1 20 pay 20 $ * % $ 9 20 pay 20_ $ * % $
2 20 pay 20 $ * % $
3 20 pay 20_ $ * % $ (10)For deductions allowed over a ten(10)year period:
4 20 pay 20 $ * % $ 1 20 pay 20 $ * % $
5 20_pay 20_ $ * % $ 2 20_pay 20_ $ * % $
3 20_pay 20_ $ * % $
(6)For deductions allowed over a six(6)year period: 4 20 pay 20 $ * % $
1 20 pay 20 $ * % $ 5 20 pay 20 $ * % $
2 20 pay 20 $ * % $ 6 20 pay 20 $ * % $
3 20 pay 20_ $ * % $ 7 20_pay 20_ $ * % $
4 20_pay 20_ $ * % $ 8 20 pay 20 $ * % $
5 20 pay 20_ $ * % $ 9 20 pay 20 $ * % $
6 20_pay 20_ $ * % $ 10 20 pay 20 $ * % $
(7)For deductions allowed over a seven(7)year period:
1 20_pay 20_ $ * % $ NOTE:
2 20 pay 20_ $ % $ The deduction percentages reflected in this schedule apply to a statement
of benefits approved after June 30,2013 and are the percentages reflected
3 20 pay 20_ $ * % $ in the abatement schedule adopted by the designating body per
4 20 pay 20 $ * % $ IC 6-1.1-12.1-17.
5 20 pay 20 $ * % $ * The amount of the deduction shall be adjusted annually to reflect
6 20 pay 20_ $ % $ changes to the assessed valuation resulting from a reassessment
or an appeal of the assessment per IC 6-1.1-12.1-4.8(i).
7 20 pay 20 $ * % $
APPROVAL OF COUNTY AUDITOR(COMPLETE ONLY IFAPPROrthU.j
This application is approved in the amounts shown above. $e• in er.. a s' ce
Signature of County Auditor Printed Name of County Auditor 7— 6ianod-fmi r+th.,day,year)
APR 27 zuz3
DAWN M.JONES
Page 2 of 2 , CITY CLERK,SOUTH BEND,IN
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