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City of South Bend Instructions:Complete ges1-3 ' IAYot i 2023 <br /> AND the proper Form s6 1 for <br /> Petition for Incentives the type of abatement( _a nA �� f�lEc <br /> property or personal pr -rL�t1t�,St�f.1j1 BF lyr,ply <br /> Petition must Include a$250 filing fee payable to the City Clerk's Office for which you are applying. ' <br /> before processing can be complete <br /> General Information Project Name I Project Number <br /> Legal name as registered with <br /> Secretary of State GLC Portage Prairie, LLC <br /> • Business structure Limited Liability Company <br /> Company website www_greatlakescapital.com <br /> Proposed Project Information <br /> Proposed project address 5448 Dylan Drive Parent company name Great Lakes Capital <br /> City,State,Zip South Bend, IN 46628 Legal owner GLC Portage Prairie, LLC <br /> Site acreage or acreage required 11.46 Is the real estate owned Leased to AM General <br /> or leased? <br /> Square feet of facility <br /> 167,630 If leased,by whom? AM General <br /> Primary Contact Information <br /> Primary company contact name Isaac Hall Tide Analyst <br /> Address of company contact 7410 Aspect Drive, Suite 100 Phone 574-251.4400 <br /> City,State,Trp Granger,IN 46530 Email ihallLgreatlakescapital.com <br /> Senior Official Information <br /> Company senior official name Jeff Smoke Titre Managing Director <br /> Address of company contact Phone <br /> (if different from above) 574-251-4400 <br /> City,State,Zip Email jsmoke©greatlakescapital.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name I Consultant release?(Y/N) <br /> Address Local economic development partners <br /> approval?(Y/N) <br /> City,State,Zip Email <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the In February, 2023, AM General ("AMG")approached GLC Portage Prairie, <br /> property is necessary(or LLC (the "Landlord" or"GLC")to expand the facility located at 5448 Dylan Dr. <br /> economic growth in order for AMG to qualify for and meet the requirements of its new <br /> government contract for JLTV production. GLC desires to support AMG's <br /> expansion needs, including the investment in and delivery of—167,000 SF <br /> addition to the current facility in 2024. AMG will lease the expansion space <br /> and receive all benefits of real property tax abatement (as their lease is <br /> "triple-net" meaning all operating expenses are passed through to the tenant, <br /> including property taxes). This tax abatement will have a direct impact on <br /> AMG's expenses and be an overall benefit to AMG's expansion in South <br /> Bend and St. Joseph County to meet the JLTV production demands. <br /> Certified Technology Park appropriate No <br /> Is the project In a Tax Incremental Financing <br /> (TIF)area? If so,which? Yes <br /> Have Building Permits been issued?(Y/N) umoer of residential units created by <br /> (Note-Not eligible for abatement if Yes) No project N/A <br /> If this is a petition for personal property tax abatement,has <br /> the equipment been Installed? N/A <br /> Investment Details <br /> Public Infrastructure needs Has any 504 funding been What is the value of any equipment being purchased in What is the value of any equipment being <br /> (Off-site of project in dollars) received? Indiana for the project? purchased from out of state for the project? <br /> None N/A TBD (by AMG) TBD (by AMG) <br />