26-05 Designating Resolution - Real Property Tax Abatement for David A. Nufer LLC (Burton's Laundry)

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.^+-"^o STATEMENT OF BENEFITS 20 26 PAY 20 27 77y is•A REAL ESTATE IMPROVEMENTS FORM SB-1/Real Property a1 .• t State Form 51767(RB 1 5 25) o PRIVACY NOTICE Prescribed by the Department of Local Government Finance Any information concerning the cost This statement is being completed for real property that qualifies under the following Indiana Code(check one box): of to individual dual and e specific ciifcs salaries the ✓ Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) property owner Is confidential per Residentially distressed area(IC 6-1.1-12.1-4.1) IC 6-1.1-12.1-1.1. New agricultural improvement(IC 6-1.1-12.1-4) 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,this statement must be submitted to the designating body BEFORE the initiation of the redevelopment or rehabilitation of real property or a new agricultural improvement for which the person wishes to claim a deduction. 2. 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. 3. 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) 4. 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. SECTION 1 TAXPAYER INFORMATION Name of Taxpayer David A Nufer, LLC Address of Taxpayer(number and street,city,state,and ZIP code) 2409 Mishawaka Ave., South Bend, IN 46615 Name of Contact Person Telephone Number Email Address David Nufer (574 ) 340-9750 davidanufer@gmail.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Resolution Number Name of Designating Body Common Council of the City of South Bend Location of Property County DLGF Taxing District Number 2614-2626 S.Main St, 109 W.Eckman Street,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) A new Burton's Laundry on the current vacant land. The existing building on 06/01/2026 the north side of the of the property will be used for storage. 1Estimated Completion 2/31/2027 Date(month,day,year) SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES FROM PROPOSED PROJECT Current Number Salaries Number Retained Salaries N4umber Additional Salarie$9ri 000 0 0 0 0 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current Values $0 $14,800 (+)Plus Estimated Values of Proposed Project $1,200,000 $720,000 (—)Less Values of Any Property Being Replaced $0 $0 Net Estimated Values Upon Completion of Project $1200,000 $734,800 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated Solid Waste Converted(pounds) 0 _ I Estimated Hazardous Waste Converted(pounds) 0 Other Benefits: SECTION 6 TAXPAYER CERTIFICATION I hereby i=rtify that the represen . Ion his schedule are true. Signature' Authorized R -i Date Si ed^�onntth,day,year) 0 7t7 Printed r e of Authoriz Re-'= >n 11 a Ti Ifie_- Page 4 4,,,,2 .�, 1*1 of 2