04-22-2024 AGENDA PACKET - Laserfiche WebLink

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Filed in Clerk's Office APR 1 7 2024 Bianca Tirado City Clerk, South Bend, IN The Qualified Property is and will be located at the Ignition Drive location; Upon completion of the Project, the Company will have invested more than$30 million in the aggregate in real and personal property at the Ignition Drive location after June 30, 2012; and The average wage of Company employees located in the City and engaged in the operation of the Ignition Drive location is $42.03 per hour, which exceeds one hundred twenty-five percent(125%) of the average wage for St. Joseph County. The undersigned,for and on behalf of the Company,further asserts and certifies that the enterprise information technology equipment listed in Exhibit 1 is Qualified Property as defined by the Act: The equipment does not constitute computer hardware designed for single user, workstation, or departmental level use; The equipment will be purchased after June 30, 2012; and The equipment constitutes: o Hardware supporting computing, networking, or data storage functions, including servers and routers; o Networking systems having an industry designation as equipment within the enterprise" or "data center" class of networking systems that support the computing,networking, or data storage functions; or o Generators and other equipment used to ensure an uninterrupted power supply to equipment described above. The Company acknowledges and agrees that,to the extent that it no longer qualifies as an Eligible Business as defined herein and under the Act or to the extent that the enterprise information technology equipment for which the Company desires the tax exemption no longer qualifies as Qualified Property as defined herein or in the Act, said enterprise information technology equipment will no longer be subject to the tax exemption. Based on the approximately $30 million in total costs on personal property throughout the life of the Project,the estimated personal property tax savings to the Company related to this exemption is$2 million to$3 million. Signature Page Follows] 2