24-12 Declaratory Resolution - Real Property Tax Abatement Steel Warehouse Company, LLC 2803 Tucker Drive and 2920 Tucker Drive

Home Browse Search

; R. :Q. STATEMENT OF BENEFITS 2024 PAY 2025 REAL ESTATE IMPROVEMENTS state Form S•7s 'i7 •-t FORM SB-1/Real Property Prescribed by the Department of Local Government Finance PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Code(check one box). Any information concerning the cost O Redevelopment or rehabilitation of real estate improvements(IC 6-1,1-12.1-4) of the progeny and specific,atones paid to Intlivtdtwl employees by the ❑ Residentially distressed area(IC 6-1.1-1 2 1-4 1) property owner is confidential per C6 '2. 5 . 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 real property for which the person wishes to claim a deduction 2 The statement of benellts 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 alter April 10. A properly owner who fatted to file a deduction application within the prescribed deadline may hie an application between January 1 and May 10 of a subsequent year 4 A property owner who hies 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 its applicable. IC 6-1 1-12 1-5 1(b) 5 For a Form SE-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 to effect. IC 5-1 1-12 1-17 SECTION 1 TAXPAYER INFORMATION Name of taxpayer Steel Warehouse Company LLC a,:dras Taxpayer Strnct 2722 Tucker Drive (-Ay, South Bend Stair IN ZIP- 46619 Name of contact person Telephone number E-mail address Gerald Lerman (574)236-5100 gerryl@steelwarehouse-net 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 Number and Street C.in ;,,te z:P C;:ar•y DLGF taxing district number 2722 Tucker Drive South Bend IN 46619 St. Joseph 026(South Send-Portage) Oesenption of real property improvements.redevelopment.or reeanArtatidn(use additional sheets If necessary) Estimated start date(month,day.year) Erection of 30,852 sq. ft. building, together with crane rails, overhead cranes 6/30/2024 and relocation of water, electrical and gas utilities. Estimated completion date(m°n`°.day year) 9/15/2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current`lumner iiaiar,ea I`L.^'far%eta re:7 _;,.sites `,,.rnoer-'tc: :nal Salaries 575 $ 34,705.266 21 $ 1,000.440 11 $566,134 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values S'3'6,200 8 5 84000 Plus estimated values of proposed project i $3,500.000 8 2.100.000 Less values of any prope^y beirg replaced Net estimated values upon corriplelior ,`project $5.416.200 f 2.784,000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste convene _ >u iat d 1.i i,i.is waste converted(pounds _--- _ Other benefits The real estate improvement, which will house the new state of the art equipment, will strengthen the tax-payer and help to keep it competitive in the highly competitive and volatile industry in which it conducts business. SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations n .b s ssate^-ent are tr„e Signature of authorized representative Date signed(month.day.year) Printed name of authorized representative Gerald F. Lerman Vice President Page 1 of 2