25-03 Reconfirming Resolution - Personal Property Tax Abatement 3820 West Calvert Street

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WHEREAS, Greenleaf Holdco LLC, operating as Pure Green Farms, plants, grows, harvests,packages, and distributes lettuces grown at an existing greenhouse facility at the location commonly known as 3820 W. Calvert Street, South Bend, Indiana 46613; and WHEREAS, Greenleaf Holdco LLC was granted a three-year (3) designation period in Confirming Resolution No. 4945-22, which will expire on January 24, 2025; and WHEREAS, construction on the new commercial facility for food production was delayed by project development challenges and other issues outside of the control of Greenleaf Holdco LLC; and WHEREAS, completion of the project by end of the original designation period was not possible; and WHEREAS, Greenleaf Holdco LLC has not yet purchased and installed equipment that would have qualified for the personal property tax abatement provided through the adoption of Confirming Resolution No. 4945-22; and WHEREAS, the project will be completed by the end of 2026; and WHEARAS, Greenleaf Holdco LLC has requested that the designation period confirmed by Confirming Resolution No. 4945-22 be extended; and WHEREAS, the Common Council desires to reconfirm the designation of the area designated by Declaratory Resolution No. 4944-22 and confirmed by Confirming Resolution No. 4945-22 as an Economic Revitalization Area for purposes of a five-year(5) personal property tax abatement; and WHEREAS, the Common Council desires to extend the designation period confirmed by Confirming Resolution No. 4945-22; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby reconfirms Declaratory Resolution No. 4944-22 and Confirming Resolution No. 4945-22 for purposes of a five-year(5)real property tax abatement. SECTION II. The designation as an Economic Revitalization Area for purposes of a five-year(5) personal property tax abatement expires on December 31, 2026. SECTION III. The Common Council hereby determines that Greenleaf Holdco LLC is qualified and is granted property tax deduction for a period of five (5) years as shown in Section V of Declaratory Resolution No. 4944-22 and further determines that the petition, the Statement of Benefits, and the Memorandum of Agreement between Greenleaf Holdco LLC and the City of South Bend associated with Declaratory Resolution No. 4944-22 as adopted on January 24, 2022, and Confirming Resolution No. 4945-22 as adopted on February 14, 2022, comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.