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TAX ABATEMENT REPORT <br /> <br />TO: South Bend Common Council <br /> <br />FROM: Angelina Billo, Director of Business Development <br /> <br />SUBJECT: REAL & PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />Greenleaf HoldCo <br /> <br />DATE: January 19, 2022 <br /> <br />On Tuesday, January 4, 2022, a petition from Greenleaf HoldCo was received and <br />subsequently filed with the City Clerk for real and personal property tax abatements <br />consideration for property located at 3820 W Calvert Street, South Bend, IN 46613. <br />Pursuant to Chapter 2, Article 6, Section 2-84.2 of the Municipal Code of the City of South <br />Bend, this petition was referred to the Department of Community Investment for purposes <br />of investigation and preparation of a report determining whether the area qualifies as an <br />Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning <br />requirements have been met. <br />The Department of Community Investment has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br /> <br />PROJECT SUMMARY <br /> <br /> Pure Green Farms (“Pure Green”) was founded by Ceres Partners, South Bend and <br />has since garnered investments from Taylor Farms Inc. and Paul J. Mastronardi (a <br />principal owner of Red Sun Farms). <br /> Greenleaf Holdco, LLC owns 64.12 acres, but has the ability to expand into the <br />entire nearly 300-acre site via its relationship and mutual ownership with Ceres <br />Partners. Pure Green currently sells to Martins, Kroger, Spartan Nash, Tony’s Fresh <br />Markets, Walt’s Markets, Stanz’s Food Service, Performance Food Service and to <br />LaRosa’s to name a few. <br /> The existing facility in South Bend consist of 3.5 acres of greenhouse, a main <br />building used for planting, harvesting and cold storage, and another building that <br />houses the boilers and irrigation. <br /> The current facility has the capability to produce 2 million pounds of lettuce per <br />year and is well on its way to having its production being fully subscribed. Unique <br />to Pure Green is the fact that their planting, grow and harvesting operation is 100% <br />automated and fully staffed with local personnel. <br /> Greenleaf HoldCo proposes to invest approximately $12m in new production <br />facilities and $68m in new logistical distribution equipment including but not <br />limited to conveyors, scanning and moving equipment, packaging equipment, <br />sorting and picking equipment. <br /> The additional phases of greenhouse builds are planned to be approximately 4.2 <br />acres each, plus additional ancillary buildings. The total lettuce production for all <br />four phases will be approximately 8 million lbs. annually.