05-23-2022 FINAL Notice and Agenda Packet

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E CITY OF SOUTH BEND COMMUNITY INVESTMENT May 18, 2022 Councilmember Rachel Tomas Morgan, Chairperson Community Investment Committee South Bend Common Council 4"' Floor, County -City Building South Bend, IN 46601 Dear Councilmember Tomas Morgan, Attached please find a proposed form of resolution approving a waiver of noncompliance, pursuant to Indiana Code 6-1.1-12.1-11.3, for Imagineering Finishing Technologies. The Company filed a Form CF-I/RP and CF-I/PP with the City of South Bend in 2021, however, the Company inadvertently did not file the Form 322 and Form 103 with the Auditor's office. In an annual self -audit, the company discovered that they failed to submit forms required for the continuation of their real property and personal property tax abatements. Imagineering shared that the omission was due to staff turnover within Imagineering and at Kruggel Lawton. The company is requesting that the Common Council waive noncompliance with the filing deadline for tax deduction forms including the Form 322 and Form 103. The Department of Community Investment endorses and supports this waiver as the Company has been on track with their abatement milestones. The initial projection associated with building improvements was $3.5 million and the actual cost through December 31, 2022, was $2,254,753. The project has met the employment representation stated in the original petition for tax abatement from when the project began operating, until the present date. We ask that the attached resolution be referred to the Community Investment Committee for an advisory recommendation and then heard at the Common Council meeting to be held on May 23, 2022. A representative from Imagineering will be present at the meetings. Should you require additional information, please let me know. EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 1400S County -City Building 227 W. Jefferson Blvd. South Bend, I-idiana 46601 p 574.235.9371 www.southbendin.gov