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05-23-2022 FINAL Notice and Agenda Packet
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05-23-2022 FINAL Notice and Agenda Packet
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5/19/2022 6:01:12 PM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
5/23/2022
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STATEMENT OF BENEFITS <br />REAL ESTATE IMPROVEMENTS <br />State Form 51767 (116 J 10-14) <br />Prescribed by the Department of Local Government Finance <br />' { r <br />i <br />MAY 1 19 2027 1 <br />20_PAY 20_ <br />CITY CLGRIr ,SOUTH BEND ,\! <br />`- = FORM SB-1 J Real Property <br />PRIVACYNOTICE I <br />This statement is being completed for real property that qualifies under the following Indiana Code (check one box): arty informaiiarroxtceming the cost <br />Redevelopment or rehabilitation ofreal estate improvements (IC 6-1.1-12.1-4) orthe pia arttyy acidspreificsalMes <br />paled to irrti6ua1 cmptayeas by the <br />Residentially distressed area (IC 6-1.1-12-1-4.1) property ovraeria axrRdentiat per <br />INSTRUCTIONS. IC 6-f.1-12.1.5.1- <br />1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires <br />information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise, this statement must be <br />submitted to the designating body BEFORE the redevelopment or rehabilitation of real properly for which theperson wishes to claim a deduction. <br />2. The statement of benefits farm must be submitted to the designating body and the area designated an economic revitalization area before the initiation of <br />the redevefopment or rehabilitation for which the person desires to claim a deduction. <br />3. To obtain a deduction, a Fort 3221RE must be Filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is <br />made or not later than thitty (30) days after the assessmentnotice is mailed to the property owner if it was mailed aflerAPM 10. A property owner who <br />failed to file a deduction application within the prescribed deadline may rile an application between March 1 and May 10 of a subsequent year. <br />4. A property owner who files for the deduction must provide the CountyAuditor and designating body with a Form CF-I/Real Property. The Fonn CF-1lReal <br />Property should be attached to the Form 3221RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. <br />iC 6-1.1-12.1-5.1(b) <br />5. For a Form SB-1/Rea1 Property that is approved aRer June 30, 2013, the designating body is required to establish an abatement schedule for each <br />deduction allowed. For a Form SS-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body <br />remains in effect. IC 6-1.1-12.1-17 <br />INFORMATION <br />Name a r taxpayer <br />GLC Portage Prairie V, LLC <br />Address of taxpayer (number an y sate., citf state, on 12+p ccdeJ <br />130 S Main St. Suite 320, South Bend, IN 46601 <br />Name or contact person Telephone number E-rnail address <br />( ) 574-276-1897� ihall@greatlakescapital.com <br />City of South Bend <br />Resolution number <br />Location at property 1 County DLGF taxing district number <br />St. Joseph <br />❑escriplion or real property improvement:, redevelopment, or rehal;)4lalioi (use addieoaalshecls ilnc:essary) Estimated start date (rnorrth day, year) <br />June 1, 2022 <br />296,400 SF warehouse building on 30 acres of land in the Arneriplex Industrial Park Estimated completion dale(monli; day, y:ar) <br />Jan. 1, 2024 <br />SECTION 3 ESTIMATE OFEMPLOYEESAND SALARIES AS RESULT OF PROPOSED PROJECT <br />Current number Salaries Number retalned Salaries Number additional Salaries <br />0 50-200+ $18 hr+ <br />Currenlvalues <br />Plus estimated values of proposed project <br />Less values of any property being replaced <br />Net estimated values upon complelion of pf� <br />Estimated solid waste converted (pounds) <br />Other benefits <br />REAL ESTATE IMPROVEMENTS <br />COST ASSESSED VALUE <br />900,000 <br />15.000.000+ Asssessed Per Rea 17 <br />15 000.000 1 Asssessed Per Reg 17 <br />PROMISEDBENEFITS <br />Estimated hazardous waste converted (pounds) <br />SECTIONG TAXPAYER CERTIFiCATION <br />I hereby certify that the representations in this statement are true. <br />Slgnalwe of authorzed repres5'r�' <br />Date signed (mono; day, year) <br />M A y t to 1-o LZ. <br />Printed name of authorized re e Title <br />: EHF SMOILC � MA,) <br />Page 1 of 2 <br />{ <br />
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