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

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c*iria6 ""a STATEMENT OF BENEFITS 2025 PAY 2025 REAL ESTATEIMPROVEMENTS ' 1 ) FORM SB-1/Real Property kW Prescribed by the Department of Local Government Finance PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concerning the cost 111 Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of id to individualvrty and specific salaries ties P P paid employees by the ❑ Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC6-1.1-12.1-5.1. INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing 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 of 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 later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10. A property owner who failed to file a deduction application within the prescribed deadline may file 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 SB-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 SB-1/Real Property that is approved prior 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 Greenleaf Holdco LLC Address of taxpayer Number and Street: 3820 W. Calvert Street City South Bend state: IN ZIP. 46613 Name of contact person Telephone number E-mail address Hest Name Joe I ast Name: McGuire (863) 370-3154 jmcguire@gopgf.com 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 City State LIP 1 County DLGF taxing district number 3820 W. Calvert Street South Bend IN 46613 St. Joseph 026(South Bend-Portage) Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day.year) Continued development of 64-acre parcel of unused farmland into state-of-the-art hydroponic greenhouse complex.Expand existing 4/1/2025 4-acre facility by adding additional vegetable growing greenhouses.Estimate between 15 to 20 more acres of the unused property can be transformed into an environmentally sustainable and aesthetically pleasing agricultural showplace and manufacturing hub that will Estimated completion date(month,day year) produce and distribute fresh produce for the entire Midwest region. 12/31/2026 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 25 $ 1,650,000 25 $ 1,650,000 75 $2,750,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $2,270,000 $5,179,500 Plus estimated values of proposed project $12,000,000 $9,600,000 Less values of any property being replaced $0 $0 Net estimated values upon completion of project $14,270,000 $14,779,500 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) o Estimated hazardous waste converted(pounds) o Other benefits Benefits will include job development and significant technological advancements and opportunities for the region.Expansion will maximize cultivation of unused land and will establish region as a nationally recognized hub of agricultural food supply and commerce generation. Developed facilities will augment the current development of the Olive St. Road Corridor project and neighboring casino property through the availability of tourism and expanding educational opportunities for area high schools, universities,and career exploration programs.Current interest in our facility has been extremely robust and we expect it will vastly increase as the facility expands,promoting tourism.Complex will produce a variety of local,fresh vegetables while maximizing environmentally sustainable,conservation friendly,and ecologically enhancing practices. SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized representative Date signed(month,day,year) Printed name of authorized representative Title Page 1 of 2