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Bill No. 22-21 Designating Intersection Dylan Dr. & Adams Rd. Tax Abatement for GLC Portage Prairie V LLC
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Bill No. 22-21 Designating Intersection Dylan Dr. & Adams Rd. Tax Abatement for GLC Portage Prairie V LLC
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10/18/2022 5:03:52 PM
Creation date
5/18/2022 2:54:04 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/23/2022
Bill Number
22-21
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0 <br /> i I AY 1 F ?A?? <br /> i <br /> City of South Bend - I FS 11/ <br /> Petition for IncentivesTY cLEPr -_—:"_ :`-a. E �Zo� <br /> Petition must include a$250 filing fee payable to the City Clerk's Office or online via the City's website at _y�w � <br /> http://southbendin.gov/government/content/tox-abatement before processing can be complete <br /> General Information I Project Name GLC Portage Prairie VI Project Number <br /> Legal name as registered with Secretary of GLC Portage Prairie V LLC <br /> g /N <br /> Business structure <br /> Company website greatlakescapital.com <br /> (Proposed Project Information <br /> IProposed project address (Dylan Drive IParent company name (Great Lakes Capital <br /> (City,State,zip I South Bend, IN, 46628 Legal ownerI GLC Portage Prairie V,LLC <br /> Site acreage or acreage required 30 acres Its—A the real estate owned or I Owned <br /> IS <br /> (Square feet of facility 1296,400 Ilf leased by whom I I <br /> Primary Contact Information <br /> Primary company contact name I Isaac Hall Title IAnalyst <br /> Address of company contact 130 S Main St. Suite 325 Phone I574-360-5441 <br /> City,State,zip (South Bend, IN, 46601 Email Iihall@ greatlakescapital.com I <br /> Senior Official Information <br /> Company senior official name (Jeff Smoke (Title I Managing Director <br /> Address of company contact{ifdifferentfrom 1130 S Main St. Suite 325IPnpne I574-360-5441 <br /> labevel <br /> ICity,State,Zip (South Bend, IN,46601 (Email Ijsmoke@greatlakescapital.com I <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Rob Nichols I <br /> Consultant release(Y/N) <br /> (Address I315 W Jefferson Blvd I Local economic development partners I <br /> approval(Y/N) <br /> (City,State,zip (South Bend, IN 46601 (Email Irnichols@abonmarche.coml <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the Great Lakes Capital is a private equity real estate company based in <br /> property is necessary for South Bend, Indiana that has and is currently developing assets across <br /> economic growth <br /> 8 states. Our company specializes in industrial and mixed-use <br /> developments. South Bend tenants currently have limited options for <br /> move in ready, modern, 50,000 SF+ facilities with 32' clear ceilings. <br /> GLC has proven this concept with three very successful "Spec" buildings <br /> in this same park in the last 36 months. The project is a 296,000 SF <br /> speculative warehouse building (no tenant signed up but a few with solid <br /> interest) and we have a solid track record of getting projects leased <br /> within 12 months of the construction start date. Without an abatement <br /> we are less competitive then other municipalities. <br /> (Certified Technology Park appropriate I I <br /> Its the project in a Tax Incremental Financing I Yes I <br /> MI 1 area,If so which? <br /> Certify that the Building Permit has not been no permit Number,,f residential units created by <br /> 12 <br /> If this is a petition for personal property tax abatement,has <br /> the equipment been Installed <br /> Investment Details <br /> IPublic Infrastructure needs(Off- Has any SO4 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) I received? Indlana for the project? purchased from out of state for the project? <br /> None No N/A TBD <br />
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