5139-25 Designating Resolution - Real Property Tax Abatement for KCG Companies, LLC

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—"'a STATEMENT OF BENEFITS 2024 PAY2025 REAL ESTATE IMPROVEMENTS ,x• �• 1 State Form 51767 i,RT 1-21) FORM SB-1 I Real Property 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 ❑ fi Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the progeny and sployee striates pond to individual employees try the ❑ Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per IC -81.1-121-5.1. 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.tins 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 haled to file a deduction application within the prescribed deadline may file an application between January I 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, 1C 6-1 1-12.1-5.1(b) 5. For a Form SB-t/Real Property thal is approved after June 30, 2013. the designating body is required to establish an abatement schedule for each deduction allowed. Fora 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 taxpayerDonald & Main, LP (c/o KCG Companies, LLC) Address of taxpayer Number and Street: 9311 N. Meridian St. Suite 100 city. Indianapolis State: IN ZIP: 46260 Name of contact person !Telephone number E-mail address Spun Megan Last:Came' Schuetz mschuetz@kcgcompanies.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of the City of South Bend 5131-25 Location of property Number and Sirs,: City Stare ZIP County OLGF taxing district number 2020 S. Main South Bend IN 46613 St. Joseph - Description of real property Improvements,redevelopment,or rehabilitation ruse additional sheets ifnecessary) Estimated start date(month,day,year) The Donald and Main Apartments is located at the northeast corner of S.Main and W.Donald in South Bend,IN.The 3/1/2027 proposed project is a 50-unit building in one,4-story elevator building.This is a proposed family development with a Estimated completion date(month,day,year) mix of one-,two-,and three-bedroom units with 20%of the units at 30%AMI,30%at 50%AMI,and 50%at 60%AMI. 12/31/2029 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $a _ Plus estimated values of proposed protect $6,800,000 $1,733.333 Less values of any property being replaced $0 $0 Net estimated values upon completion of project $8,300,000 $1,733.333 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 at t e representations in this statement are true. Signet f th ze epr ent= ' ' Date signed(month.day.yeah 6/13/25 Printed name r author _d reores--ive Megan_Schuet7 VP of Development Page 1 of 2