5047-23 Confirming Resolution for Property at 1901 N. Bendix Dr. 5 Yr. Personal Property Tax Abatement

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Filed in Clerk's Office JUL 0 5 2023 + �_ ` STATEMENT OF BENEFITS —.... M.JONES ` FORM SB-1 I PP '',' t ' PERSONAL PROPERTY • , t CITY CLERK,SOUTH BEND,iN PRIVACY NOTICE State Form 51764 R5 r;-211 :• .,, / Prescribed by the Department of Local Government Finance n.. Any information concerning the cost of Ise property and specific salaries paid to individual employees oy the property owner is confidential Der IC 5-1.1-12.1-5 1 INST.RUCTIONS- 1 This statement must be submitted to the body designating the Economic Revitalization Area poor to the uubiic hearing if the designating body requires Information from the applicant rn making its decision snout whether to designate an Economic Revitalization Area Ornery/6'e this statement must be submitted to the designating body BEFORE a parson,nstalls the new manufacturing equipment and/or research and development equioment,and/or cgst.cai distribution equipment ard'or:nfor:nation technology equipment for which the person wishes to claim a deduction .- roe statement of benefits form must be submitted to fie designating body and the area designated an economic revitatr7anon area before the installation of quelif y'ng abnfable equipment for which the person desires to claim a deduction 3 To obtain a deduction,a person must file a certified deduction schedule with toe 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 Mai 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 t and the extended due date of that year 4 Properly owners whose Statement or 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 SE-1/PP that is approved atter June 30,2013.the designating body is required to establish an abatement schedule for each deduction allowed For a Form SE-1/PP that is approved pont 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 Crossroads Solar Enterprises LLC PirsiNamr Patrick Las:Name: Regan Andress of taxpayer Telephone number Eaad .,inib,Aodtiln!cf, 1901 N. Bendix Dr South Bend <:,:r. IN err 46628 (607)759-1058 .•e.•1.0»••..•• SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number(s1 Common Council of the City of South Bend Location of property County DLGF taxing district number N,.,,,„. ,i S ;uri-crl. 1901 N. Bendix Dr r,;,. South Bend se,,,.IN sit, 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 COMP_ETIGN DATE 'S.:Se additional sheets if necessary? The equipment is a fully automated solar panel assembly Manufacturing Equipment line. It will include a laminator, sun simulator, framing, R 3 D Equipment soldering unit and numerous conveyors. This equipment will increase our productive capacity by 4X. Logist Dist Equipment IT Equipment SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 14 $ 582,400 14 $ 582,400 15 $750,000 1 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE:Pursuant to IC 5-1.t-.2 1-5 1(d)(2i the MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT E• IPMEt1T _ EQUIPMENTCOST of the property is confidential. COaI- ASSESSED COST 'ASSESSED COST ASSESSED cosi- ASSESSED i VAI UE VALUE VALUE VA_LIE Current values s o Plus estimated values of proposed protect $1.000,000 I.ens values of any property being replaced $0 Net estimated values upon completion of project $'Orto ono $o ; $0 $0 6 0 . $0 $0 $0 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated sdnrl waste converted i},, J G I Estimated hazardous waste converted;wards) 0 Other benefits —: SECTION 6 TAXPAYER CERTIFICATION I hereby fy that th• representat this statement are.. Sigratur of dud,ed.-.res t five Gale Au d RAM.day year) c)t7 �rtrt' ''►/t�ta�of aaustharted enrcs-..yy']0 /^1 � Title Page 1 of 2