5075-24 Declaratory Resolution - Real Property Tax Abatement Steel Warehouse Company, LLC 2803 Tucker Drive and 2920 Tucker Drive

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'"' v STATEMENT OF BENEFITS 2024 PAY 2025 4,4 : /i`, REAL ESTATE IMPROVEMENTS �' FORM SB-1/Real Property State Form at 76r{R i- '-�?�, ! Prescribed by the Department of Local Government�Inance PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Cade(check one box). Any information concerning the cost nes I 1 Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) p1 the individual ale specific sby the paid to Individual employees by the ❑ Residentially distressed area(IC 6-1.1-12.1-4 1) 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 heanng 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 benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation or 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 tater than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after Apr!10 A property owner who failed to fife 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 files 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 is applicable. IC 6-1 1-12 1-5 1(b) 5 For a Form S8-1 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 SS-1/Real Property that is approved onor 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 Steel Warehouse Company LLC Acdress of taxpayer .' and Sir 2722 Tucker Drive c•ir. South Bend Stair IN ZIP' 46619 Name of contact person Telephone number E-mail address Gerald -,r.N.'..,' 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 ..itv .,;ie ZIP County DLGF taxing district number 2722 Tucker Drive South Bend IN 46619 St. Joseph 026(South Bend-Portage) -bescnption of real property improvements.redevelopment.or rehabilitation(use adddhonai sheers it 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(nonrh.day.yean Oi 15/2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Curran)^lwrber I ialar,ea I Nurser'?eia ran i Sa.anns V„mber Aduironai 'Salanes 575 $ 34,705.266 l 21 $ 1.000,440 11 $566,134 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Currer't values 200 $5134000 Plus estimated values of proposed project s ivaoeo $2.100.00E Less values of any property being replaced Net estimated values upon completion .1`project $2.784,000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) _ _ i _111'lated lazardous 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 nerecy cert'y that he representations n ;h s sate^.ent are trite Signature of authorized representative Date signed(month,day,year) di...,-4r i. .1 U,--r..,., u j z12_d i tt °""rted-awe o'.Jinonzed representative ... Gerald F. Lerman Vice President Page 1 of 2