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

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TAX ABATEMENT REPORT Filed in Clerk's Office TO: South Bend Common Council rad FROM: Erik Glavich, Director, Growth and Opportunity Bianca Tth Bo City Clerk,South Bend, IN SUBJECT: Real Property Tax Abatement Petition for Blueprint, LLC DATE: February 19, 2025 On February 19, 2025, a petition for tax abatement from Blueprint LLC was filed with the Office of the City Clerk. The petition seeks consideration for a real property tax abatement for property located at 25471 Cleveland Road, which was recently annexed to the City of South Bend. Pursuant to Chapter 2, Article 6, Section 2-84.9 of the Municipal Code of the City of South Bend, the 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 Indiana Code 6 1.1-12.1 and all zoning requirements have been met. The Department of Community Investment has reviewed the petition, investigated the area, and makes the following report. Project Summary • The property was annexed to the City of South Bend on January 6, 2025. Blueprint, LLC, also combined what were formerly four parcels into one. • The petitioner, Blueprint, LLC, is under common ownership with HRP Construction Inc. HRP Construction intends to build an office, workshop, and warehouse at property that was recently annexed to the City. HRP Construction has outgrown its current facilities, and this development is critical for continued company growth. The project also enables HRP Construction to consolidate all of its regional operations, including those outside of the City of South Bend, to this new • The project consists of 3 buildings totaling 30,314 square feet of office, workshop, and warehousing spaces. Private investment for this project is approximately$7.3 million. • The project will contribute to the expansion of jobs on the northwest side of South Bend and ensure a local company expands and grows within the city limits. Employment Impact Per this petition and supporting material, it is estimated that HRP Construction Inc.: • By the end of 2026, the petitioner estimates that at least six (6) new full-time jobs with an estimated total annual payroll of$499,200 will be created.