07-22-13 Council Agenda & Packet

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* STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS State Form 51767 (R2 / 1 -07) Name of contact person Telephone number E -mail address Prescribed by the Department of Local Government Finance This statement is being completed for real property that qualifies under the following Indiana Code (check one box): ❑ Redevelopment or rehabilitation of real estate improvements (IC 6- 1.1- 12.14) ® Eligible vacant building (IC 6 -1.1- 12.1 -4.8) E 20_ PAY 20_ RM SBA / Real Property INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the pubiic he 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. "Projects "planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6 -1.1 -12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, BEFORE a deduction may be approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERA/VBD, Whichever is applicable, must be filed with the County Auditor by the later of: (1) May 10; or (2) thirty (30) days after the notice of addition to assessed valuation or new assessment is mailed to the property owner at the address shown on the records of the township assessor. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF -1 /Real Property annually to the application to show compliance with the Statement of Benefits. (lC 6 -1.1- 12.1- 5.1(b) and IC 6 -1.1- 12.1- 5.36)j 5. The schedules established under IC 6 -1.1- 12.1 -4(d) for rehabilitated property and under lC 6 -1.1 -12.1- 4.8(1) for vacant buildings apply to any statement of benefits approved on or after July 1, 2000. The schedules effective prior to July 1, 2000, shall continue to apply to a statement of benefits filed before July 1, 2000. Name of taxpayer Ceol Mor PrODertieS. LLC Address of taxpayer (number and street, city, state, and ZIP code) 2416 River Ave, Mishawaka, IN 46544 Name of contact person Telephone number E -mail address Sean H Meehan seas crookedewe.com Name of designating body Resolution number South Bend Common Council ofu Location of property 1047 Lincoln Way East, South Bend, IN 46544 County DLGF taxing district number St Joseph County 026 Description of real property improvements, redevelopment, or rehabilitation (use additional sheets If necessary) Estimated start date (month, day, year) Improvements will include rehabilitating the exterior and interior of the building from general August 1, 2013 lack of up- keeping. We intend to add a facade as well as roof decks where the.community Estimated completion date (month, day, year) can en'o the river front setting. November 1, 2013 Current number Salaries Number retained Salaries Number additional Salaries two (2) $0.00 two (2) $100,000.00 twenty eight (28) $360,000.00 Mill 1111101�6 NOTE: Pursuant to IC 6 -1.1- 12.1 -5.1 (d) (2) the COST of the property REAL ESTATE IMPROVEMENTS is confidential. COST ASSESSED VALUE Current values Or= 000.00 78.700 Plus estimated values of proposed project $320,000.00 $421,300.00 (estimated) Less values of any property being replaced $0.00 $0.00 Net estimated values upon completion of project $375.000.00 $500 000.00 estimated • • . • • Estimated solid waste converted (pounds) n/a =Estimated dous waste converted (pounds) n/a Other benefits CITY F CU;.ii ia.. , i.: w, l k- .. .,t9i , tr,.? ;. I hereby certify that the representations in this statement are true. ' Signature uthor' representative Title Date signed ( month, day, year) ' Director July 3, 2013 .1 u 1 UI L