25-16 Designating Resolution - Real Property Tax Abatement for 25471 Cleveland Road

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Filed in Clerk's Office 7""a. STATEMENT OF BENEFITS g - 4 ' 20 .PAY 20 (14 r;.t REAL ESTATE IMPROVEMENTS J State Form 51767(R7/1.21) FORM SB-1/Real Property Bianca Tirado ��.. Prescribed by the Department of Local Government Finance City Clerk, South Bend, IN 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 Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the property and specific salaries paid to individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC 6-1.1-12.1-5.1. 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 propertyowner 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(6) 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 Blueprint, LLC Address of taxpayer Number and Street:5777 Cleveland Rd. City South Bend State: IN 7.11': 46628 Name of contact person Telephone number E-mail address First Name: Nanc Knapik (574) 271-7800 nancyk@hrpconstruction.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 ZIP County OLGF taxing district number 25471 Cleveland Rd South Bend IN 46628 St. Joseph - 037-South Bend Warren Description of real property improvements,redevelopment.or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) Construction of three buildings totaling 30,314 sq. ft. for expansion of office 7/1/2025 and Warehousing space. Estimated completion date(month,day,year) 12/31/2026 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 48 $3,680,640 48 $3,680,640 6 $499,200 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $109,700 $210,700 Plus estimated values of proposed project l $6,400,000 $3,200,000 Less values of any property being replaced l $109,700 $0 Net estimated values upon completion of project $6.400,000 $3,410,700 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits 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 rr.•resentative Title fi r\ c 'SINt1C01 V�« t-R. , t•-Q CU oc-r S V.CT fQ Page 1 of 2 Z n�