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

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FOR USE OF THE DESIGNATING BODY We find that the applicant meets the general standards in the resolution adopted or to be adopted by dais body. Said resolution passed or to be passed under IC 6-1.1-12.1,provides for the following limitations: calendar years'(see below). The date this designator) e A. The designated area has been limited to a period of not to exceed n/a_ expires is 12/3112029 . NOTE: q This question addresses whether the resolution contaT,s an expiration date for the designated area. B. The type of deduction that is allowed in the designated area limited to. �No 1.Redevelopment or rehabilitation of real estate improvementsYes O No 2.Residentially distressed areas C. the amount of the deduction applicable is limited to 5 n/a n/ D. Other limitations or conditions(speofy)Year 6 Year Year 7 2 Year 3 0 Year 4 0 Year 5 ("see below) Year 1 Year 8 ❑Year 9 Q Year 10 E. Number of years allowed: � g F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-177 0 Yes 0 No If yes,attach a copy of the abatement schedule to this form. If no.the designating body is required to establish an abatement schedule before the deduction can oe determined. We have also reviewed the information conta n dt in the s stathetement deduct of en nefits ard find that bed above the estimates and expectations are reasonable and have s determined that the totality of benefits onTelephone number Dare signed(month,.ay,year) si•na`reandtitle fauthorizedmemberofdesignatingbody)lik/ .15 q3 ( �/ ?r 1 (57K ) 2 � r � I� Name or designating body Printed�}le of autbonzed member of design-ling body Common Council of the City of South Bend,Indiana KA(. L - I a. Panted name of attester 1 Attested by(signature and — -of-•• ate + Cl" k 01�1 a� NgeA •If the designating body limits the time period during which an area is an economic revitalization area,that limitation does not limit the length of time a • taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17. approved prior to July I.2013.the deductionse estbl shed inI June 30, A. For-1residentially- .14.1 remain ined areas where the Form o may not exceed wase(5) ears. For a Form SB-11Relro aesrt nthat is dad approvedn v .1 after J 18,the 2013,theh.1des body effect.The deductiontestablish period may ent schedulec fivey 2013, designating is required to an abatement for each deduction allowed. Except provided deduction period may not exceed ten(10)years. (See IC 6-1.1-12.1- 7 below.) 1 2013.the abatementwas a roved prior to July B. For the redevelopment or rehabilitation of real property where the Form SB-11Real Property pp roved b the designating body remains in effect.For a Form SB-1/Real Property that is approved after June 30,2013,the designating chedsle app Y body is required to establish an abatement schedule for each deduction allowed.(See IC 6-1.1-12.1-17 below.) IC 6-1.1-12.1-17 Abatement schedules Sec.17.(a)A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under on the section 4 or 4.5 of thischapter al abatement schedule following ) amount of the taxpayers inestment ineal and personal property. (2) The number of new full-time equivalent lobs created. (3) The average wage of the new employees compared to the state minimum wage. (4) The infrastructure requirements for the taxpayer's investment. (b)This subsection applies to a statement of benefits approved after June 30,2013. A designating body shall et tabheh an abatement ant each yea rschedule for each deduction allowed under this chapter. An abatement schedule must specify the percentage the deduction. Except as provided in IC 6-1.1-12.1-18,an abatement schedule may not exceed ten(10)years. (c)An abatement schedule approved ifor a particularhe axpa taxpayer ate statemento July 1t.2013 remains in effect until the abatement schedule expires under the terms of the resolution approving Page 2 cf 2