5140-25 Designating Resolution - Real Property Tax Abatement for South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC

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tNE :�.rF� STATEMENT OF BENEFITS 2025 PAY 2026 �► REAL ESTATE IMPROVEMENTS State Form 51767(R7/1-21) FORM SB-1 /Real Property �\-2447'1� 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 ❑+ Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of id to individual and specific salaries ties paid 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 poor 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 property owner 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(b) 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 Properly 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 South Bend Chippewa, LLC & South Bend Chippewa ACG, LLC Address of taxpayer Number and Street 4020 Kinross Lakes Pkwy Ste. 200 city Mishawaka State IN zit'- 46545 Name of contact person Telephone number E-mail address rir,t Name. Michele Iasi', Kiernan (330)671-9825 mkiernan@irgra.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Common Council of the City of South Bend SI(46-25 Location of property Number and Street City State ZIP County DLGF taxing district number 701 W Chippewa St South Bend IN 46614 St. Joseph 026(South Bend-Portage) Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day year) This is a 29 acre property,comprised of 1.4 Million(975,000 Leaseable)sq.ft.of manufacturing,industrial,and office space in South 6/1/2025 Bend,Indiana.It was built in 1940 and renovated in 1993,with portions of the aging property still in need of further cost prohibitive improvements.This would improve the former Studebaker manufacturing facility by taking unusable areas and converting it into Estimated completion date(month,day year) high-demand,leaseable industrial space. 6/1/2027 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 200 $6,800,000 200 $6,800,000 55 $ 1,944,800 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $0 $9,841,500 Plus estimated values of proposed project $6,900,000 $4,140,000 Less values of any property being replaced $0 $0 Net estimated values upon completion of project $6,900,000 $13,981,500 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. Signal f author ed representative Date signed(month,day year) • 6/16/2025 Printed name of authorized representative I Ttle Michele Kiernan Authorized Agent for Owner Page 1 of 2