25-45 Designating Resolution - Real Property Tax Abatement for Michigan Motorsports LLC at 3315 William Richardson Court

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r<Wo. STATEMf NT OF BENEFITS ri REAL ES II ATE IMPROVEMENTS 2025 PAY 2025 State Form 517P7(R7/1-21) r i. Prescribed by he Department of Local Government Finance FORM SB-1/Real Property PRIVACY CE This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concern!ng the cost lJ Redevelopment or rehabili lion of real estate improvements(IC 6-1.1-12.1-4) of the property and specific salaries ElResidentially distressed ar a(IC 6-1.1-12.1-4.1) paid to individual employees by the INSTRUCTIONS: property owner is confidential per IC 6-1.1-12.1-5.1. 1. This statement must be su miffed to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applic nt in making its decision about whether to designate an Economic Revitalization Area. Otherwise, this statement must be submitted to the designatin body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 2. The statement of benefits f�rm must be submitted to the designating body and the area designated an economic revitalization area before the initiation of the redevelopment or reha ilitation for which the person desires to claim a deduction. 3. To obtain a deduction,a Fo m 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 thirt(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 ap lication within the prescribed deadline may file an application between January 1 and May 10 of a subsequent year. 4. A property owner who files .r 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 attach a 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 Pro,:rty that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a 'orm 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- 2.1-17 SECTION 1 TAXPAYER INFORMATION Name of taxpayer 4Boys4 Investments LLC Address of taxpayer Number and Street: 165 Bell "oad City, Niles state. MI ZIP' 49120 Name of contact person Telephone number E-mail address First Name: Easter last Name Baber (269)262-0511 ebaber@michiganmotorsparts.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Common Council of the City of South Bend Resolution number Location of property Number and. reel City State zip I County 3315 William Richards t St. Joseph DLGF taxing district number n Ct. South Bend IN 46628009(South Bend-German) Description of real property improve ents,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) Construction of a 50,100 square foot office and warehouse building for the 6/1/2026 new headquarters of Michigan Motorsports. Property is currently vacant Estimated completion date(month,day,year) 12/31/2028 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Sala :s Number Retained Salanes Number Additional Salaries 0 0 0 $0 29 $2,133,976 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS Current values COST ASSESSED VALUE $o $0 Plus estimated values of prop.sed project $4,000,000 ro $2,400,000 Less values of any property b ing replaced $o $o Net estimated values upon co pletion of project $4,000,000 SECTION 5 $z,40o,000 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste conve 3. (pounds) Estimated hazardous waste converted(pounds) Other benefits Construction on a long-vacant parcel. Filed in Clerk's Office Oct 22, 2025 I(ianea I ireful City Clerk South Rend. IN SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the rep esentations in this statement are true. Signature of authorized re entativ 1 Date signed(r/tenth,dal,year) Printed name of authonzed represen:ive ?nth, 7— Z �' Title er't '.--"D Pr— CG o Page 1 of 2