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Q\ <br />W <br />CITY OF SOUTH BEND <br />s PFA <br />CON'VUNITY INVESTMENT <br />11965 <br />II7 Filed in Clerk's Office <br />APR 1 7 2024 <br />Bianca Tirado <br />April 17, 2024 City Clerk, South Bend, IN <br />Council Member Sharon McBride Council Member Troy Warner <br />President Chairperson <br />South Bend Common Council Community Investment Committee <br />County-City Building, 4th Floor South Bend Common Council <br />South Bend, Indiana 46601 County-City Building, 4th Floor <br />South Bend, Indiana 46601 <br />RE: Reconfirming a Final Determination and Reconfirming Declaratory Resolution <br />No. 4174-12 Concerning a Property Tax Exemption for Certain Enterprise <br />Information Technology Equipment Pursuant to Indiana Code 6-1.1-10-44 <br />Aunalytics, Inc.) <br />Dear President McBride and Council Member Warner, <br />Please find the enclosed resolution to be considered by the Common Council at the April <br />22, 2024, meeting. The resolution would confirm through Council action that a previously <br />granted tax exemption for Data Realty Northern Indiana, LLC, a wholly owned subsidiary <br />of Aunalytics, Inc., for enterprise information technology equipment would apply to new <br />equipment that Aunalytics, Inc. plans to purchase. <br />Aunalytics, Inc. is planning a significant capital investment at its facility at 1440 Ignition <br />Drive in South Bend. The Company anticipates spending more than $30 million to <br />procure personal property, including high-performance servers, to develop and expand <br />advanced Artificial Intelligence computing resources and services. <br />In 2013, the Common Council confirmed a tax exemption for an unlimited term for Data <br />Realty Northern Indiana, LLC, for eligible enterprise information technology equipment <br />through a provision of Indiana Code that incentivizes investments in such equipment. <br />Pursuant to Indiana Code, the exemption also applies to subsequent additional or <br />replacement equipment if the company and the equipment meet the eligibility <br />requirements. Attached as an exhibit to the resolution is a Letter Agreement wherein <br />Aunalytics, Inc. asserts and certifies that both the company and the equipment meet the <br />requirements of Indiana Code. <br />The enclosed resolution would reconfirm the tax exemption granted in 2013, confirm that <br />Aunalytics, Inc. is an "eligible business" meeting the requirements established by Indiana <br />Code, and confirm that the equipment the company plans to purchase qualifies for the <br />EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br />14005 County-City Building 227 W.Jefferson Blvd. South Bend.Indiana 46601 p 574. 235.9371 www.southbendin.gov <br />Bill No. 24-13