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Filed in Clerk's Office <br />APR 0 3 2(2'i <br />Tax Estimates Bianca Tirado <br />City Clerk, South Bumf, IN <br />Industrial Development Real Property Tax Abatement: The petitioner qualifies for a six-year(6) <br />mixed-use development real property tax abatement. <br />Impacted Parcels Only <br />Taxes due in 2024 for the property: $26,531 <br />Estimated annual taxes after the project's completion: $97,595 <br />Total estimated taxes during the six-year(6) abatement period: $585,567 <br />o Estimated taxes being abated during the abatement period: $213.288 <br />o Estimated total taxes to be paid during the abatement period: $372,280 <br />The estimates above are for the two impacted parcels only. The Steel Warehouse campus on <br />Tucker Drive is comprised of 11 parcels, and Steel Warehouse will pay$199,203 total in real <br />property taxes on these parcels in 2024. <br />Entire Steel Warehouse Tucker Drive Campus <br />Taxes due in 2024 for the property: $199,203 <br />Estimated annual taxes after the project's completion: $270,267 <br />Total estimated taxes during the six-year(6) abatement period: $1,621,599 <br />o Estimated taxes being abated during the abatement period: $213.288 <br />o Estimated total taxes to be paid during the abatement period: $1,408,311 <br />Personal Property Tax Abatement: The petitioner qualifies for a five-year(5) personal property <br />tax abatement. <br />Total taxes due in 2024 for existing personal property on the property: $629,005 <br />Estimated cumulative new personal property taxes on the equipment during the five-year <br />5) abatement period (does not include existing personal property taxes): $805,443 <br />o Estimated taxes being abated during the abatement period: $558,743 <br />o Estimated taxes to be paid during the abatement period: $246,700 <br />2