Bill No. 23-35 Declaratory Resolution 1202 Lafayette 10 yr. Real Property Tax Abatement KCG Company

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Filed in Clerk's =y�4, STATEMENT OF BENEFITS 2023 PAY2024 JUN REAL ESTATE IMPROVEMENTS 2 U FORM SB-1/Real Property yio. ' Prescribed by the Department of Local Government Flna[ iiI7 DAWN M.JONITY CLER PRIVACY NOTICE This statement is being completed for real property that qualifies under WIovrin -fndtana-Coe. Any information concerning the cost IDRedevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the properly and specific salaries paid to individual employees by the iEl Residentially distressed area(IC 6-1.1-12.1-4.1) roperty owner is confidential per I'C 6.1 f-12 1-s.1. INSTRUCTIONS.• 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if tire 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 real 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 mailed 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 application between January 1 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 and then updated annually for each year the deduction is applicable. IC 6-1.1-12.1-5.1(b) 5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an 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 KCG Companies, LLC Address of taxpayer Number and Street: 9311 N. Meridian St, Ste. 100 City: Indianapolis State: IN ZIP: 46260 Name of contact person Telephone number E-mail address First Name..Todd Last Name: Jensen (317) 688-1729 1,,1;or san:'ry4,:3,caipanlos.cor, SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of the City of South Bend Location of property County DLGF taxing district number NumbersndStreet: 1202 S Lafayette Blvd. City,South Bend State: IN zlf,46624 St. Joseph 026(South Bend-Portage) Description of real property Improvements,redevelopment,or rehabilitation(use additional sheets i(necessary) Estimated start date(month,day,year) KCG Development is proposing a 50-unit, multifamily affordable housing 5/1/2024 development consisting of 30 one-bedroom & 20 two-bedroom units. Estimated completion date(month,day yea„ 8/1/2025 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number 0 Salamis$ 0 Number Retained O Satanes $ 0 Number Additional 1 Salaries$ 40,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $o $ Pius estimated values of proposed project $12,323,616 $472,617 Less values of any property being replaced $o $ Net estimated values upon completion of project $12,323,616 $472,617 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) 0 Estimated hazardous waste converted(pounds) 0 Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized representative , p' Dale signed(month,day,year) �� 6/20/2023 Printed name of authorized representative Title Todd Jensen Vice President of Development-Midwest Page 1 of 2