05-26-20 Agenda Packet - Laserfiche WebLink

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off STATEMENT OF BENEFITS 20 PAY 20 s VACANT BUILDING DEDUCTION Stale Form 55182(R!2- 14) FORM SB-1 i VBDti- 4„5Y Prescribed by the Department of Local Government Finance PRIVACY NOTICEThisstatementisbeingcompletedforrealpropertythatqualifiesasan"eligible vacant building"as defined by The cost and anIC6-1.1-12.1- 1(17). confidential, individual's salary informationn iss cononfidential,the balance of the fling is public record per IC 6-1 1-12.1-5.1(c)and(d). INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating bodyrequiresinformationfromtheapplicantinmakingitsdecision about whether to designate en Economic Revitalization Area. Otherwise, this statement must be submitted to the designating body BEFORE the occupation of the eligible vacant building for which the person wishes to claim a deduction. 2. To obtain a vacant building deduction,a Form 322N1313 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 10. If the property owner misses the May 10 deadline In the initial year of occupation,he can apply between March 1 and May 10ofasubsequentyear. 3 A property owner who tiles the Form 322N8D 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-INBO must also be updated each year in which the deduction is applicable. SECTION 1 TAXPAYER INF t RMA7ION WSJtalxpayer Address of taxpayer(number and street,city,state,and ZiP code) 1301 East Douglas Road Mishawaka,IN 46545 Name of contact person Tele hong number E-mail addressDavidDoetschX269925-1111 daved@midwestfamilyswmi.com SECTION 2 LOCATION AND DESCRIPTION F PROPOSED PROJECT Name of designating body Resolution numberCityofSouthBend Location of property County DLGF taxing district number316East Monroe Street St.Joseph Description of eligible vacant building that the property owner or tenant will occupy(use additional sheets"'necessary). Estimated occupancy dale(month,day.year)The building consists of 2 floors with a total square footage of 18,185 sf The construction consists of February 22.2021 precast concrete wall panels and a conventional bar joist roof deck with built up roof.Building has been vacant for over 12 months. Estimated date placed-in-use( month, day.year) SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS A RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries231,040,520 23 1,040,520 3 105,000 SECTION ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values 235,000 Plus estimated values of proposed project 3,100,600 Less values of any property being replaced Net estimated values upon completion of project 3,335,600 SECTION 5 EFFORTS TO SELL OR LEASE VACANT BUILDING scribed efforts h ner or r vtous ow r s lease or rent the buildi our orf of v ndieowneretiiiecdml"ie assistance oreNAI Messy;a commerclarlgreai`esta`te eaniTe`ys,worldwide company.It was previously a data center owned by CyrusOne. Show amount for which the building was offered for sale. lease,or rent during period of vacancy. The list price was"Negotiable"when the offer to purchase was made. Foie existing r'uttaig(win oe name to`a1°mattur¢e texpenencelioroadcasting company By revitalizing this existing building and bringing new employees to this location,a new sense of confidence should be felt by other businesses looking to relocate to this area of South Bend.This new development should also provide support to existing local amenities or encourage new service businesses to locate here. SECTION 6 TAXPAYER CERTI (CATION I hereby certify that the representations in this statement are true. Sign a of authorized rept alive I Title Date signed(month da, r) President I04)08)2d20 Page 1 of 2