5025-23 CONFIRMING Personal Property: 3201 W. Calvert St. Tax Abatement

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.,4.i:j , STATEMENT OF BENEFITS FORM SB-1 /PP ,� i . PERSONAL PROPERTY *.. ' State Form 51764(R5/1-21) ,, / PRIVACY NOTICE •"r' Prescribed by the Department of Local Government Finance -,...,!ilia Any information concerning the cost of the property and specific salaries paid to individual employees by the property owner is confidential per IC 6-1.1-12.1-5.1. 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 a person installs the new manufacturing equipment and/or research and development equipment,and/or logistical distribution equipment and/or information technology equipment 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 installation of qualifying abatable equipment for which the person desires to claim a deduction. 3. To obtain a deduction,a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule (Form 103-ERA)with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for the township. The 103-ERA must be filed between January 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between January 1 and the extended due date of that year. 4. Property owners whose Statement of Benefits was approved,must submit Form CF-1/PP annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) 5. For a Form SB-1/PP 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/PP 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 Name of contact person Verbio South Bend l irst Name. Ryan Last Name: Ag u i l os Address of taxpayer Telephone number Email Number and'dreel: 32011/V. Calvert Street Lily.. South Bend s.:: IN zip.46628 (908)692-6221 ryan.aguilos@verbio.us SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number(s) Common Council of the City of South Bend Location of property County DLGF taxing district number Number and Street: 3201 W. Calvert Street ow, South Bend State: I N ZIP:46628 St. Joseph 026(South Bend-Portage) Description of manufacturing equipment and/or research and development equipment ESTIMATED and/or logistical distribution equipment and/or information technology equipment. START DATE COMPLETION DATE (Use additional sheets if necessary) Manufacturing Equipment 5/1/2023 12/31/2023 R&D Equipment Logist Dist Equipment IT Equipment 5/1/2023 12/31/2023 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries 1 00'000 Number Retained Salaries 1Q 1 00'000 Number Additional Salaries 100,000 $ 618 $ SECTION 4 `V ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d)(2)the MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT EQUIPMENT EQUIPMENT COST of the property is confidential. COST ASSESSED ASSESSED ASSESSED ASSESSED COST VALUE VALUE COST VALUE COST VALUE Current values $52,500,000 Plus estimated values of proposed project $226,500,000 $6,000,000 Less values of any property being replaced Net estimated values upon completion of project 0 279.000,000 $0 $0 $0 $0 $0 $6,000,000 $0 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: VNAH would invest in an anaerobic digestion(biogas)plant with the goal of producing RNG to be injected into the NIPSCO grid.The investment will also cover additional equipment and processes necessary to produce value-added by-products,such as liquid fertilizers.VNAH would also invest in its workforce,creating hundreds of additional jobs for the locale and assuring that 15%of the workforce is comprised of apprentices. SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in thisstatement are true. Signature of authorized representative "LT 444i2111.10' Date signed(month,day,year) 5/1/2023 Printed name of authorized representative Title Greg Northrup President & CEO Page 1 of 2