5014-23 Confirming a Declaratory Resolution for Property: 213 West Washington St. SB, IN

Home Browse Search

Filed in Clerk's Office APR 0 3 2023 ,'3' STATEMENT OF BENEFITS 1 REAL ESTATE IMPROVEMENTS DAWN M. JONES 20— PAY 20 Form61787(Ra!15-141 1CITY CLERK, SOUTH BEND, IN FORM SB-1/Real Property .._- Prescribed by the Department of Local Government Finance PRIVACY NOTICE This statement is oeing completed for real property that qualifies under the following Indiana Code(check one bot'): Any information n-r,ncernlnp ilii,volt 8 Redevelopment or rehabilitation of reel estate Improvements(IC 6-1.1-12.1-4) id t aelivttf end specific salvoes pro r i own r roeemptat ens by tho Residentially distressed area(IC 6.1.1-12.1.4.1) roporty owner In rgnr,lenlinl per ICs-I112tat INSTRUCTIONS: — - 1, This statement must be submitted to the body designating the Economic Revitalization Area pnor to the public hearing if the designating body requires Information from the applicant In making its decision about whether to designate an 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 an 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 than thirty(30)days after the assessment notice is malted to the property owner if it was mailed after April 10 A property owner who failed to file a deduction application within the prescribed deadline may file an appl/cation between March I and May 10 of a subsequent year 4. A property owner who files for the deduction must provide the County Auditor and designating body with a Form CF-1/Real Property The Form CF-1/Real Property should be attached to the Form 322/RE when the deduction is first claimed end then updated annually for each year the deduction Is applicable. IC 6.1.1-12.1-5.1(b) 5. For a Form SB-i/Real Property that is approved after June 30. 2013, the designating body le required to establish an abatement schedule for each deduction allowed. For a Form SB-i/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 end street,ole.i state,end Zie code) 5-44 47th Avenue,4th Floor, Long Island City, NY 11101 Nome of contact person Telephone number E-mail address ( ) 718-786-5555 mkazanas1969@gmail.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Na of desvgnaliru tmocy Resalutir n number j (� �(t Common Council of South Bend OW-2,3 L' 11° County DUO taxing district number 213 West Washington Street,South Bend, IN 46601 St.Joseph 026 Lescripiian of reel a open),improvements,re tc nloprnnnl,ar,ehnhadntien(uso ar(rtrrnnul sheets el necassery) Estimated start date(month,day,year) 04;15/2023 Develop—90 apt units, addtl meeting/event spaces and 7th floorbar/lounge/event venue Estimated completion date(month,day,year) 04/15/2024 SECTION 5 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Curent number Sol^r,,,, Number'maned Seleries Numberaddltionel Salaries () 9 avg—$36,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS 1 COST ASSESSED VALUE_ Current values 11100000 1494200 Plus estimated values of proposed project 114700000 1_ Less values of any property being replaced 0 I Net estimated values ur com•letion of fir 'act 15800000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE 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. Signature of au r000ed legtenefllnlinn ,, Date signed(month,day,year) ;2! z .�L l v�. /r . .4. I—,; /1� 03/20/2023 minim/name or nuthonteti representative Title Liberty Angeliades Manager Page 1 of 2