Bill No. 23-36 Confirming 5448 Dylan Drive, South Bend, IN 46628 9 yr. Real Property Tax Abatement Petition for GLC Portage Prairie, LLC

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• *•"".",,; STATEMENT OF BENEFITS Filed in Clerk's Office a/1i • REAL ESTATE IMPROVEMENTS 2023 PAY 2024 if!It State Form 51767(R711-21) FORM SB-1 /Real Property 1. ! Prescribed by the Department of Local Government Finance JUN 0 5 PRIVACY NOTICE This statement is being completed for real property that qualifies under the fo • ing Indi Code-(check one Any information concerning the cost ❑v Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1 - DAWN M.JONES of the property and specific salaries Cl Residentially to individual employees by the Residentially distressed area(IC 6-1.1-12.1-4.1) CITY CLERK,SOUTH BEND,IN property owner is confidential per IC 8-1.1-12.1-5.1. 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 an Economic Revitalization Area. Otherwise, this statement must be submitted to the designating body BEFORE the redevelopment or rehabilitation of mai 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 GLC Portage Prairie LLC Address of taxpayer Number and Street: 7410 Aspect Drive, Suite 100 City: Granger State: IN ZIP 46530 Name of contact person Telephone number E-mail address First Name Isaac Hall (574) 276-1897 ihall@greatlakescapital.com 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 Number and Street: 5448 Dylan Drive (,„y-South Bend Sf,iir. IN zip:46628 St. Joseph 009(South Bend-German) Description of real property Improvements.redevelopment,or rehabilitation(use additional sheets ifnecessary) Estimated start date(month,day.year) Development and construction of a —167,630 SF expansion to industrial warehouse 7/1/2023 facility on 11.5 acres of land in the Ameriplex Industrial Park (South Bend). Estimated completion date(month,day year) 6/1/2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 76 $ 4,864,000 76 $4,864,000 15 $ 600,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $0 Plus estimated values of proposed project $12,000,000 Assessed per Reg 17 Less values of any property being replaced $o Net estimated values upon completion of project $12,000,000 Asr,es:;cd prr Rcy SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) 0 Estimated hazardous waste converted(pounds) Other benefits All existing employment information (as well as projections) are provided by AM General, as it lease the facility and is in control of all employment on site as well as all employment commitments made in connection with the abatement. Such employment figures do not include construction labor (which is in addition benefit for overall project). SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized representative Date signed(month,day.year) St4l6fc. 6/1/2023 Printed name of authorized representative Title Jeffrey Smoke agent Page 1 of 2