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

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Filed in Clerk's Office TAX ABATEMENT REPORT Oct 22, 2025 TO: South Bend Common Council Bianca rir:'d" City Clerk, South Bend. IN FROM: Joseph Molnar, Assistant Director, Growth and Opportunity SUBJECT: Warehouse Development Real Property Tax Abatement Petition for Michigan Motorsports LLC DATE: October 22, 2025 On October 22, 2025, a petition for tax abatement from Michigan Motorsports LLC was filed with the Office of the City Clerk. The petition seeks consideration for a warehouse development real property tax abatement for property 3315 William Richardson Court in 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 • Michigan Motorsports LLC has an active Purchase Agreement with the Redevelopment Commission of South Bend to purchase 3315 William Richardson Court with the purpose of constructing a 50,000 square foot office, warehouse, distribution center, and showroom. • Michigan Motorsports is a thriving auto parts supply business that has experienced consistent growth of 30% year-over-year for the past five years. Michigan Motorsports currently operates out of a 7,500-square-foot facility located in Niles, Michigan. Due to this sustained growth, they are actively seeking a significantly larger space to support their expanding distribution operations. • The project will consist of moving all operations from Niles, Michigan, to the newly constructed building in South Bend. Private investment for this project is approximately $4.55 million, which includes$4.00 in construction costs. • The parcel has been owned by the City since 2003, and the project is ideal for this location and will add a successful and growing midsize company to the City of South Bend. Employment Impact Per this petition and supporting material, it is estimated that the company will bring existing jobs to South Bend from the company's current location and will create new ones: