5109-25 Reconfirming Resolution - Personal Property Tax Abatement for 3820 West Calvert Street

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BILL NO. 25-03 RESOLUTION NO. 5109-25 A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF DECLARATORY RESOLUTION NO. 4944-22 DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3820 West Calvert Street, South Bend, IN 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-YEAR (5) PERSONAL PROPERTY TAX ABATEMENT FOR Greenleaf Holdco LLC WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, Declaratory Resolution No. 4944-22 designated the area commonly known as 3820 W. Calvert Street, South Bend, Indiana 46613, and which is more particularly described as: Business Personal Property and which has Key Numbers to be assigned, as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq.; and WHEREAS, upon proper notice, a public hearing was held, after which the Common Council adopted Confirming Resolution No. 4945-22 on February 14, 2022, confirming the adoption of Declaratory Resolution No. 4944-22; and WHEREAS, the Common Council, through the adoption of Confirming Resolution No. 4945-22, provided a personal property tax abatement to Greenleaf Holdco LLC for the purchase and installation of equipment to be used in a new commercial facility for food production at the area designated as an Economic Revitalization Area through the adoption of Declaratory Resolution No. 4944-22; and WHEREAS, Pure Green Farms is an assumed business name of Greenleaf Holdco LLC as certified by the Office of the Secretary of State of the State of Indiana; and 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