25-02 Reconfirming Resolution - Real Property Tax Abatement 3820 West Calvert Street

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TAX ABATEMENT REPOR T TO: South Bend Common Council FROM: Angelina Billo, Director of Business Development SUBJECT: REAL & PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: Greenleaf HoldCo DATE: January 19, 2022 On Tuesday, January 4, 2022, a petition from Greenleaf HoldCo was received and subsequently filed with the City Clerk for real and personal property tax abatements consideration for property located at 3820 W Calvert Street, South Bend, IN 46613. Pursuant to Chapter 2,Article 6, Section 2-84.2 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY ➢ Pure Green Farms("Pure Green")was founded by Ceres Partners, South Bend and has since garnered investments from Taylor Farms Inc. and Paul J. Mastronardi (a principal owner of Red Sun Farms). ➢ Greenleaf Holdco, LLC owns 64.12 acres, but has the ability to expand into the entire nearly 300-acre site via its relationship and mutual ownership with Ceres Partners.Pure Green currently sells to Martins,Kroger,Spartan Nash,Tony's Fresh Markets, Walt's Markets, Stanz's Food Service,Performance Food Service and to LaRosa's to name a few. > The existing facility in South Bend consist of 3.5 acres of greenhouse, a main building used for planting, harvesting and cold storage, and another building that houses the boilers and irrigation. > The current facility has the capability to produce 2 million pounds of lettuce per year and is well on its way to having its production being fully subscribed. Unique to Pure Green is the fact that their planting,grow and harvesting operation is 100% automated and fully staffed with local personnel. > Greenleaf HoldCo proposes to invest approximately $12m in new production facilities and $68m in new logistical distribution equipment including but not limited to conveyors, scanning and moving equipment, packaging equipment, sorting and picking equipment. > The additional phases of greenhouse builds are planned to be approximately 4.2 acres each, plus additional ancillary buildings. The total lettuce production for all four phases will be approximately 8 million lbs. annually.