Bill No. 23-17 Confirming a Declaratory Resolution for Property at 213 West Washington St. SB, IN

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,i 47' STATEMENT' OF BENEFITS 20 PAY 20 it '1 REAL ESTATE IMPROVEMENTS = State Form 51787(RB 115-141 FORM SB-1 f Real Property . _ Prescribed by the Department of Local Government Finance j PRIVACY NOTICE This statement Is oeing completed tel real properly that qualifies under the following Indiana Code(check one box): Any u,ronnnhen a,fcernlnp theuost Redevelopment or rehabilitation of real estate Improvements(IC 6-1.1-12,1-4) or the INDp,rtr rind specific solarise paid ro melees unl employees by the Residentially distressed area(IC 6-1.1-12.1-4.1) property owner le ronhdenhnt per Ice-1 t-12.1.61 INSTRUCTIONS: - 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate en Economic Revitalization Area. Otherwise,this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of reel property for which the person wishes to claim a deduction 2, The statement of benefits form must be submitted to the designating body and the area designated en economic revitalization area before the initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction. 3. To obtain a deduction, a Form 322/RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation Is made or not later then(ha-1y(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10 A property owner who failed to Ole e deduction application within the prescribed deadline may file an application between March 1 and May 10 of a subsequent year 4 A property owner who files for the deduction must provide the County Audttcr and designating body with a Form CF-1/Reel Property. The Form CF-1/Real Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction Is applicable. /C 6.1.1-12.1-5.1(b) 5. For a Form SB-1/Reel Property that is approved after June 30. 2013, the designating body Is required to establish en abatement schedule for each deduction allowed. For a Form SB-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in effect. IC 6-1.1.12.1-17 SECTION 1 TAXPAYER INFORMATION Name of taxpayer The Tower at Washington Square LLC Address of taxpayer(number and stmt,city steel,end ZiP code) 5-44 47th Avenue,4th Floor, Long Island City, NY 11101 None of contact parson Telephone number E-mail address ( ) 718-786-5555 mkazanas1969@gmail.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Jerre of dnsegnatnp body Rnxo(uhan number Common Council of South Bend -oration xi property County DLOF taxing district number 213 West Washington Street,South Bend, IN 46601 St.Joseph 026 Descrlptwn of reel property Improvements,rndeonloprnnel,onxheba:Inline(use adr-earrul shouts d narossory) Eshmeled start date(month,day,year) 4/15/2023 Develop—90 apt units, addrl meeting/event spaces and 7th floorbar/lounge/event venue Estimated completion date(month,day.year) 04/15/2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Snlsr.. Number,strained Salaries Number additional Salanes 0 9 avg-.$36,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS II COST I ASSESSED VALUEI Current values 11 100000 11494200 L Plus estimated values of proposed project 114700000 Less values of any property being replaced 10 { Net estimated values upon cam.letlon of.ro eci 1580000(1 SEC-110N 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY TI•IF TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. lfgreluro of supronzud rnpo-ronlnlive / / i / Date signed(merit,day,year) .r- r/ , f;, / : ,�1 y 03/20/2023 Prfetail name d author'Leif repree?ntauvo Tien -- ---- --— - --- - --- -- Liberty Angeliades Manager Page 1 of 2