Bill No. 23-50 Confirming Res. Property 1901 N. Bendix Dr. 5 Yr. Personal Property tax abatemt

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r- — - Filed in Clerk's Office JUL 0 5 2023 z,{; o*r;- STATEMENT OF BENEFITS [}AWN M.JONES FORM SB-1 I PP PERSONAL PROPERTY CITY CLERK,SOUTH BEND,IN +l State Form 51764(R5 i 1-"•1) -ti PRIVACY NOTICE '�• »+ Prescribed by the Department of Local Government Finance Any information concerne,q ire cost o'the properly and specific Satan es paid to individual employees oy the property owner is confidential per IC 5-1.1-12 1-5.1 INSTRUCTIONS 1 This statement must be submitted to the body designating the Economic Revitalization Area prior to the oubhc hearrrg,f the designating body requires tntormatiot from the applicant in making its decision about whether to designate an Economic Revitalization Area Otherwise this statement must he submitted to the designating body BEFORE a person,nstalls the new manufacturing equipment and/or research and development equipment,and/or icgis;tical distribution equipment and/or information technology equipment for which'he person wishes to claim a der/uchon 7 the statement of benefits form must he submitted to the-desrgnat sg body and the area des,gnated an economic revrtaioation area before the installation of giidiiiying abatable equipment for which the person riesnes to claim a deduction 3 To octain a deduction,a person must lite a certified deuuct;on schedule with the person's personal property return on a certified deduction schedule (Form 103-ERA)with the township assessor o!the township wnere the property is situated or with the county assessor it there is nc township assessor for the township The 103-ERA must be filed between Jar'iary 1 and May 15 of the assessment year in wire»new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment andior information technology equipment is installed and hilly functional unless a tiling extension has been obtained A person who obtains a tiling extension must file the form between January r and the extended due date of that year 4 Property owners whose Statement of Benefit:;was approved,must submit Form CF-1iPP annually to show compliance with the Statement of Benefits (IC 6-1 1-12 1-5 6) 5 For a Form S.9-1/PP that is approved atter June 30.2111:l the designating body is required to establish an abatement schedule for each deduction allowed For a Gorr»SR-1/PP that is approved prior to Juts 1 %0*3 the abatement scheNuie approved by the designal ng body remains'n effect -IC 6-1 1-12 I-17) SECTION 1 TAXPAYER INFORMATION Name of taxpayer Name of contact person Crossroads Solar Enterprises LLC F,r,:\,,�� Patrick terra,, Regan Ac,.,-,s of taeeayer Telephone number C:r,d 1901 N. Bendix Dr South Bend IN 46628 (607)759-1056 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of desigr a .. ResotuUnn number ts) Common Council of the City of South Bend uocafian 0!property County IDLGF taxing district number \Una. ,,.„i Sl roil 1901 N. Bendix Dr South Fiend IN ar ase?$ St. Joseph I 026(South Bend-Portage) Description of manufacturing equipment andlor research and development equipment ESTIMATED and/or logistical distribution equipment anrlinr information technology equipment. START DATE GOMP_ETION DATE :Use additional sheets of necessai The equipment is a fully automated solar panel assembly Manufacturing Equipment line. It will include a laminator, sun simulator, framing, R&D Equipment soldering unit and numerous conveyors. This equipment -- will increase our productive capacity by 4X. Logi6t plat Equipment IT Equipment SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Ci.: • /'lump•- Salanes 50G,4OO Number Retained Salaries 582,400 Number Additional Salaries �CO'00n SECTION 4 JO ESTIMATED TOTAL COST AND VALUE OF PROPOSEDuiPROJECT J V 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 confidentialGOaT ASSESSED COST l ASSESSED COST ASSESSED coos ASSESSED VAI UE vALuE VALUE AWE Current values $0 Plus estimated values of proposed project $1,000,000 Less values of any property being replaced $0 r _ Net estimated values upon completion of project $1.000,000 50 ' $0 $n $o $,, $0 $0 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converters ipnw:osl 0 _ Estimated hazardous waste converted;poun(ts) 0 Omeroer,ents. ---- ----- ------- SECTION 6 TAXPAYER CERTIFICATION I hereby ity that Ih• represenlat II this statement are true, Siq rata, or autho•. p res •live Cate us) torah. lay yew-) �.liaw.i i ? ' 0btl Q J PT ,.a ri. a(o!authontedlepicsef, Title �� Page t of 2