5180-26 Declaratory Resolution - Real Property Tax Abatement for GLC Mid-Bay, LLC

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..�R.,e� STATEMENT OF BENEFITS 20 26 PAY 20 27 t :�o. REAL ESTATE IMPROVEMENTS FORM SB-1 /Real Property State Form 51767(R8/5-25) 1 Prescribed by the Department of Local Government Finance PRIVACY NOTICE Any information concerning the cost This statement is being completed for real property that qualifies under the following Indiana Code(check one box): of the property and specific salaries Redevelopment or rehabilitation of real estate improvements(IC 6-1 1 12.1-4) paid to individual employees by the Residentially distressed area(IC 6-1 1-12.1-4.1) property owner is confidential per IC 6-1 I-12 1-1 I 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 S8-1/Reat 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 GLC MID-BAY, LLC Address of Taxpayer(number and street,city,state,and ZIP code) 7410 Aspect Drive, Suite 100 Name of Contact Person Telephone Number Email Address Ethan Fowler (574 ) 334-6659 efowler@greatIakescapital.corn SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of Designating Body Resolution Number South Bend Common Council Location of Property County DLGF Taxing District Number 71-03-17-100-002.000-009(V/L Chet Waggoner Ct,South Bend, IN 46628) St. Josepth 009 (South Bend-German) f)escnption of Real r ruperty Improvements,Redevelopment or Rehabilitation(use s*I honal sheets,if necevsaryl Estimated Start Date(month,day.year) Construction of a new speculative industrial/warehouse building of October 30, 2026 (mcrith,day, approx.132,620 SF, serving 1 or more businesses depending on tenancy Er'atdC°" or Date year) February 1, 2028 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES FROM PROPOSED PROJECT ..unent Nurnbrs Salaries Numhr i Retainer) Salaries Number Additional Salaries 0 $0 0 $0 15 $750,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current Values 0 0 (+)Plus Estimated Values of Proposed Protect 3,800.000 8,800,000 (—)Less Values of Any Property Being Replaced 0 0 Net Estimated Values Upon Completion of Protect I 8.800,000 8,800,000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated Solid Waste Converted(pounds) 0 Estimated Hazardous Waste Converted(pounds) 0 Other Benefits SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this schedule are true Signature of Aut zer 4>t€pi NS4Atfve ')ate Signed(month,day,year) 1 j f Swi t.. August 3. 2026 Ptril d Name of Abr�ai�x}Representaiive trite Jeff Smoke i Manager Page I of 2