24-13 Reconfirming Resolution Aunalytics, Inc.

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' Q\ W CITY OF SOUTH BEND s PFA CON'VUNITY INVESTMENT 11965 II7 Filed in Clerk's Office • APR 1 7 2024 Bianca Tirado April 17, 2024 City Clerk, South Bend, IN Council Member Sharon McBride Council Member Troy Warner President Chairperson South Bend Common Council Community Investment Committee County-City Building, 4th Floor South Bend Common Council South Bend, Indiana 46601 County-City Building, 4th Floor South Bend, Indiana 46601 RE: Reconfirming a Final Determination and Reconfirming Declaratory Resolution No. 4174-12 Concerning a Property Tax Exemption for Certain Enterprise Information Technology Equipment Pursuant to Indiana Code 6-1.1-10-44 (Aunalytics, Inc.) Dear President McBride and Council Member Warner, Please find the enclosed resolution to be considered by the Common Council at the April 22, 2024, meeting. The resolution would confirm through Council action that a previously granted tax exemption for Data Realty Northern Indiana, LLC, a wholly owned subsidiary of Aunalytics, Inc., for enterprise information technology equipment would apply to new equipment that Aunalytics, Inc. plans to purchase. Aunalytics, Inc. is planning a significant capital investment at its facility at 1440 Ignition Drive in South Bend. The Company anticipates spending more than $30 million to procure personal property, including high-performance servers, to develop and expand advanced Artificial Intelligence computing resources and services. In 2013, the Common Council confirmed a tax exemption for an unlimited term for Data Realty Northern Indiana, LLC, for eligible enterprise information technology equipment through a provision of Indiana Code that incentivizes investments in such equipment. Pursuant to Indiana Code, the exemption also applies to subsequent additional or replacement equipment if the company and the equipment meet the eligibility requirements. Attached as an exhibit to the resolution is a Letter Agreement wherein Aunalytics, Inc. asserts and certifies that both the company and the equipment meet the requirements of Indiana Code. The enclosed resolution would reconfirm the tax exemption granted in 2013, confirm that Aunalytics, Inc. is an "eligible business" meeting the requirements established by Indiana Code, and confirm that the equipment the company plans to purchase qualifies for the EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 14005 County-City Building 227 W.Jefferson Blvd. South Bend.Indiana 46601 p 574.235.9371 www.southbendin.gov