HomeMy WebLinkAboutCommendation Leroy Dixon for participating in the 2008 Summer Olympics held in Beijing, China (2)Attest:
RESOLUTION
'1- I:
Passed by the Common Council of the City of South Bend, Indiana
September 22, 20 08
Presented by me to the Mayor of the City of South Bend, Indiana
September 23,
m =
City Clerk
President of Common Council
Approved and signed by me S e p t emb a rZ 3, 20 08
City Clerk
a
RESOLUTION NO. 310 � - O K
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT
FOR
UNIVERSITY OF NOTRE DAME DU LAC, AND
INNOVATION PARK AT NOTRE DAME, INC. (THE "PETITIONER")
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
Declaratory Resolution designating certain areas within the City as Economic Revitalization
Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the following area:
"Parcel 1:
A Parcel of land in the Northwest Quarter of Section 6, Township 37 North, Range 3 East
of the Second Principal Meridian, St. Joseph County, Indiana, more particularly described
as follows:
Commencing at the Northeast Corner of the Northwest Quarter of said Section 6; thence
South 00 °43'29" East (this and all subsequent bearings based on the Indiana State Plane
Coordinate System, East Zone), 460.85 feet along the East line of said Northwest Quarter
to the northwesterly line of a parcel of land conveyed to the State of Indiana for right -of-
way purposes along State Road 23 (South Bend Avenue) recorded October 5, 1991 as
Document Number 9129497 in the Office of the Recorder of St. Joseph County, Indiana;
thence South 53 °08'24" West, 123.83 feet along said northwesterly line to the POINT OF
BEGINNING of this description; thence continuing along said line South 53 °08'24" West
58.42 feet; thence South 50 °14'48" West, 250.32 feet along said line to the northwesterly
boundary of S.R. 23; thence South 52 °50'49" West, 338.01 feet along said boundary;
thence North 36 °50'07" West, 588.23 feet to the south line of a parcel of land designated
as parcel number 3 for relocated Edison Road and Twyckenham Drive extension on a
Right -of -Way plat recorded August 16, 2005 as Document Number 0537239 in said
Recorder's Office; thence along the southerly and westerly lines of said parcel number 3
the following 6 courses and distances:
1) northeasterly 241.94 feet along a curve to the left having a radius of 1190.00 feet and
subtended by a long chord bearing North 56 °00'19" East, a distance of 241.52 feet;
2) northeasterly 591.36 feet along a curve to the right having a radius of 1070.00 feet and
subtended by a long chord bearing North 66 °00'50" East, a distance of 583.86 feet;
3) South 58 °26'38" East, 68.74 feet;
4) South 00 °47'43" West, 10.96 feet;
5) southerly 265.73 feet along a curve to the left having a radius of 960.00 feet and
subtended by a long chord bearing South 07 °08'04" East, a distance of 264.89 feet;
6) South 15 °03'52" East, 139.03 feet to the point of beginning, and containing 9.446 acres
more or less.
and
Parcel 2:
A Parcel of land partly in the Northwest Quarter and partly in the Northeast Quarter of
Section 6, Township 37 North, Range 3 East of the Second Principal Meridian, St. Joseph
County, Indiana, more particularly described as follows:
Commencing at the Northeast Corner of the Northwest Quarter of said Section 6; thence
South 00 °43'29" East (this and all subsequent bearings based on the Indiana State Plane
Coordinate System, East Zone), 460.85 feet along the East line of said Northwest Quarter
to the northwesterly line of a parcel of land conveyed to the State of Indiana for right -of-
way purposes along State Road 23 (South Bend Avenue) recorded October 5, 1991 as
Document Number 9129497 in the Office of the Recorder of St. Joseph County, Indiana;
thence South 53 °08'24" West, 5.36 feet along said northwesterly line to the easterly line
of a parcel of land designated as parcel number 3 for Twyckenham Drive extension and
relocated Edison Road on a Right -of -Way plat recorded August 16, 2005 as Document
Number 0537239 in said Recorder's Office and to the POINT OF BEGINNING of this
description; thence along the easterly and northerly lines of said parcel number 3 the
following 5 courses and distances:
1) North 15 °03'52" West, 80.12 feet;
2) North 09 °12'15" West, 142.01 feet;
3) North 00 °09'24" West, 106.80 feet;
4) North 21 ° 13' 12" East, 64.63 feet;
5) North 89 °10'21" East, 182.11 feet to the west boundary of vacated Ivy Road; thence
South 00 °46'11" East, 250.94 feet along said vacated Ivy Road to the northerly corner of
the aforementioned parcel conveyed to the State of Indiana for right -of -way purposes;
thence South 31 °35'38" West, 27.44 feet along the northwesterly line of said parcel;
thence South 53 °08'24" West, 188.28 feet along the northwesterly line of said parcel to
the point of beginning, and containing 1.490 acres more or less,
and which has Key Numbers 17- 1017 -0406 and 18 -5102 -3579, as an Economic Revitalization
Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing
before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the
area described herein as an Economic Revitalization Area for the purposes of tax abatement.
Such designation is for real property tax abatement and is limited to ten (10) calendar years from
the date of adoption of the Declaratory Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is qualified for
and is granted real property tax deduction for a period of ten (10) years, and further determines
that the petition, the Memorandum of Agreement between the Petitioner and the City of South
Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of
the City of South Bend and Indiana Code 6- 1.1 -12 et se .
SECTION III. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approved by the Mayor.
tq *ED q`Lz-0?
NOT APPROVED
AD6PTE0 - C� 'L2-'d g
=7
Member of the Co on Council
Filed to Cler'k's Ci4lce
JOHN VOORDE
CITY CLERK, SO, MID, N.
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
08 -83 A RESOLUTION CONFIRMING THEADOPTION OFA DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX
ABATEMENT FOR UNIVERSITY OF NOTRE DAME DU LAC, AND
INNOVATION PARK AT NOTRE DAME, INC.
Respectfully report that they have examined the matter and that in their opinion, this bill is
being recommended to the full Council with a favorable recommendation.
Derek Dieter
Chairperson, Committee of the Whole
1200 C.OUNFY -CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601 -1830
PHONE 574/ 235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
August 12, 2008
Council Member Derek D. Dieter, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Commercial Real Property Tax Abatement Petition for:
University of Notre Dame, Innovation Park At Notre Dame, Inc.
Dear Council Member Dieter:
Please find attached the Department of Community & Economic Development's report on a
commercial real property tax abatement petition for the above - referenced petitioner for construction
of four buildings in a proposed Certified Technology Park to be located at Edison Road adjoining
Twyckenham Drive extension on State Road 23. Also attached is a copy of the petition, Statement of
Benefits form, and supporting information.
The report contains the Department's findings relative to the above petition. The petitioner, the
University of Notre Dame and Innovation Park at Notre Dame, Inc. are proposing to construct and
equip an approximate 54,000 square foot building that will be the first of four buildings that will
become the Certified Technology Park. The three additional buildings will provide approximately
146,000 square feet of more space. The mission of the park is to transform research into marketable
enterprises. The park will accomplish this by providing convenient access to necessary space,
administrative services, and internet connectivity in combination with the active engagement of
expert technical support, professional business advice and introduction to private risk capital.
The first building will house the park's common areas as well as provide initial space for client -
tenants to begin work on promising projects and processes that can be taken to market. The
remaining buildings will be primarily used for client- tenant space. Please note that the petitioner is
asking for a special exception because the petition does not meet the general standards for a
real property tax abatement as set forth in the City's Ordinance. The Petitioner is also
requesting an extension of the Economic Revitalization Area designation from the normal two
(2) years to ten (10) years. The petitioner is seeking up to a nine -year real property tax abatement,
and a representative of the petitioner will be available to meet with the Committee on Monday,
August 25, 2008.
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH LEONARD
FAx: 574/235 -9697 574/235 -9371
Should you or any of the other Council members have any questions concerning the report, or need
additional information, please feel free to call me at 235 -5835.
Sincerely,
A14 �
Bob Mathia
Assistant Director,
Economic Development
Attachments
cc: South Bend Common Council Members
Mayor Stephen Luecke
Jeff Gibney
Don Inks
1200 C,oUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601 -1830
PHONE 574 /235 -9371
FAx 574/235 -9021
TDD 574/ 235 -5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY & .ECONOMIC DEVELOPMENT
.JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: BOB MATHIA
SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR:
UNIVERSITY OF NOTRE DAME, INNOVATION PARK AT NOTRE DAME,
INC.
DATE: August 12, 2008
On August 11, 2008, a petition for real property tax abatement consideration for property located at
Edison Road adjoining Twyckenham Drive extension on State Road 23 was filed with the City Clerk
by the University of Notre Dame in the name of Innovation Park at Notre Dame, Incorporated. The
petitioner is asking for a special exception because the project does not meet the general
standards for real property tax abatement set forth in Chapter 2, Article 6, Sections 2 -77
through 2 -83.3 of the Municipal Code of the City of South Bend. Further, the Petitioner is
requesting an extension of the Economic Revitalization Area designation from the normal two
(2) years to ten (10) years. Pursuant to Chapter 2, Article 6, Section 2 -82 of the Municipal Code of
the City of South Bend, this petition was referred to the Department of Community and Economic
Development for purposes of investigation and preparation of a report determining whether the area
qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning
requirements have been met.
The Department of Community and Economic Development has reviewed the petition, investigated
the area, and makes the following report.
PROJECT SUMMARY
The University of Notre Dame and Innovation Park at Notre Dame, Inc. are proposing to establish a
Certified Technology Park. The park will include the construction of four buildings over several
years on an approximately 12 acre site, with construction to begin on the first building (constructed
as Phase I) in early fall, 2008. The Master Plan for the park anticipates three additional buildings to
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235 -9660 574/235 -9371 ELIZABETH LEONARD
FAx: 5741235 -9697 574/235 -9371
South Bend Common Council
RE: University Of Notre Dame, Innovation Park At Notre Dame, Inc.
August 12, 2008
Page 2
be phased in between 2010 and 2018. The first building will be the main gathering area for the park
and provide most of the essential common areas including conference facilities and training
resources. The building in Phase I will comprise a facility of approximately 54,000 sq. ft. on three
levels and is the subject of this tax abatement petition. The reception area, administration space and
"Greenhouse" incubator facility (approximately 6,000 sq. ft.) will be on the first level. The second
and third levels will be designed as "build -to- suit" tenant areas for general office space and dry or
wet lab configurations. The remaining three buildings (Phases II to IV) will provide approximately
146,000 additional square feet of space. They will be primarily used for client- tenant space. The
buildings and equipment will be owned by the University and leased to Innovation Park. The
buildings and equipment will be owned by the University and leased to Innovation Park.
The mission of the park is to transform research into marketable enterprises. The park will
accomplish this by providing convenient access to necessary space, administrative services, and
internet connectivity in combination with the active engagement of expert technical support,
professional business advice and introduction to private risk capital. At the same time, the park will
not actively provide the means to advance basic research off campus, or to seek to become a long-
term landlord for start-up or other commercial ventures on this site. Instead, the park will encourage
the continuous development of its core research/technology platforms and facilitate an accelerated
exploration of potential commercial applications, leading to the eventual transplantation of these
enterprises into the park's extension at Innovation Park At Notre Dame At Sample Street (i.e.
Studebaker Corridor) and other areas.
The estimated cost of Phases I — IV construction is $10,000,000 - $60,000,000. The petitioner has
also submitted a separate tax abatement petition for personal property for the project.
Due to the speculative nature and current timing of the project, there are several unknowns at this
time. Therefore, the exact length of the tax abatement term cannot be determined at this time. It is
estimated that the term will be a minimum of six years and a maximum of nine years. Prior to
consideration of the Confirming Resolution the petitioner will provide additional information
required to complete calculation of the Public Benefit Points Summary.
Assuming a total project cost of $60,000,000, total taxes to be abated during a (6) six -year abatement
period are estimated at $5,478,762. Total taxes to be paid during the (6) six -year abatement period
are estimated at $5,421,901. Again, assuming a total project cost of $60,000,000, total taxes to be
abated during a (9) nine -year abatement period are estimated at $7,605,694. Total taxes to be paid
during the (9) nine -year abatement period are estimated at $8,745,301.
EMPLOYMENT IMPACT
Per the petition, it is estimated that the project will directly create seventeen to seventy -seven (17 -
South Bend Common Council
RE: University Of Notre Dame, Innovation Park At Notre Dame, Inc.
August 12, 2008
Page 3
77) new, permanent, full -time jobs and one (1) part-time permanent job over the project's ten year
development period representing a new annual payroll of approximately $1,150,000 to $4,150,000.
The total possible gains in employment resulting from firms created at the park cannot be estimated
at this time. Because this is a new project no existing jobs will be maintained.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted finds that finds that the petitioner has not
been granted or associated with any previous tax abatements.
2. The Building Commissioner has reviewed the petition and finds the property to be properly
zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property is located
in the Northeast Neighborhood Development Area, which is a Tax Incremental Allocation Area;
therefore, the petition for real property tax abatement must first be approved by the South Bend
Redevelopment Commission.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner does not meet
the qualifications for a real property tax abatement under the general standards for tax abatement
in the City of South Bend. However, the Ordinance does provide for an exception to the general
standards, at the South Bend Common Council's discretion. Up to a (9) nine -year real
property tax abatement is being sought as a Special Exception subject to further review by
the Common Council of the City of South Bend prior to approval of the Confirming
Resolution. The Petitioner is also requesting approval an extension of the Economic
Revitalization Area designation from two (2) years to ten (10) years to allow construction to
take place in orderly fashion according to market forces.
4- Sep -08
Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
t
Innovation Park At Notre Dame, Inc.
Public Benefit Points Summary * .
Qualify
Earned
Available
Public Benefit Item:
Y or N
Points
Points
Project Related:
1.
A.
Redevelop a Site that has Special Needs
N
0
49
B.
Develop Based on Local University Research
Y
35
35
C.
Achieve a Physical Element of a Plan
N
0
36
Sub -total Project Related:
35
120
2.
Super Size Projects (point values are cumulativel:
A.
100% to 199%
Y
25
25
B.
200% to 299%
Y
68
68
C.
300% to 399%
Y
65
65
D.
400% and Over
Y
52
52
Sub -total Super Size Projects:
210
210
3.
Construction Related:
A.
Employ Local Companies
N
0
20
B.
Purchase Materials from Local Companies
N
0
20
C.
Require Employees vs. Independent Contract(
N
0
19
D.
Require Target Wage Levels
N
0
22
E.
Require Health Benefits
N
0
22
F.
Require Pension Benefits
N
0
18
G.
Maintain Affirmative Action Plan
N
0
20
Sub -total Construction Related:
0
141
4.
Wage & Benefit Related:
A.
Pay Target Wage Levels
Y
33
33
B.
Provide Health Benefits
Y
34
34
C.
Provide Pension Benefits
Y
29
29
D.
Provide Training
Y
28
28
E.
Provide Child Care
Y
15
15
F.
Provide Transportation Assistance
Y
14
14
G.
Provide Employer Assisted Housing program
N
0
9
Sub -total Wage & Benefit Related:
153
162
5.
Workforce Related:
A.
Create New Jobs
Y
42
42
B.
Retain Existing Jobs
N
0
41
C.
Maintain Affirmative Action Plan
Y
35
35
D.
Provide Targeted Hiring Preference
N
0
34
d
Sub -total Workforce Related:
77
152
d._
® eo
Pay for Municipal Infrastructure: (point values are cumulative):
G(g CD
w w
A.
Pay for Oversizing or Upgrading
Y
14
14
n m
B.
Pay for 26 -50% of Extension Cost
Y
26
26
�t
o
C.
Pay for 51 -75% of Extension Cost
Y
39
39
i
Y
D.
Pay for 76 -100% of Extension Cost
Y
52
52
iv
O
Sub -total Infrastructure Related:
131
131
L 7.
Support a Municipal Facility:
_
f�
A.
Support a C`(lunicipal Facility
-
Y
84
84
Total Public Benefit Points:
690
1000
Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
t
Innovation Park At Notre Dame, Inc.
Additional Years of Abatement
Multi- family Development Projects:
From
To
Additional Years
0
141
0
142
183
1
184
225
2
226
267
3
268
309
4
310
351
5
352
393
6
394
& over
7
Other Development Projects:
From
To
Additional Years
0
300
0
301
357
1
358
414
2
415
471
3
472
528
4
529
585
5
586
642
6
643
1000
7
Subtotal from Points Summary: 690
Base Years of Abatement 3
Additional Years of Abatement: 7
Total Years of Abatement: 10
T
J�n� Vso e�
CT" CLERK,
6. Pay for Municipal Infrastructure: (point values are cumulative):
A. Pay for Oversizing or Upgrading N 0 14
B. Pay for 26 -50% of Extension Cost N 0 26
C. Pay for 51 -75% of Extension Cost N 0 39
D. Pay for 76 -100% of Extension Cost N 0 52
Sub -total Infrastructure Related: 0 131
7. Support a Municipal Facility:
A. Support a Municipal Facility N 0 84
Total Public Benefit Points: 616 1000
Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
12- Aug -08
Innovation Park At Notre Dame, Inc.
Public Benefit Points Summary
Qualify
Earned
Available
Public Benefit Item:
Y or N
Points
Points
Project Related:
1.
A.
Redevelop a Site that has Special Needs
N
0
49
B.
Develop Based on Local University Research
Y
35
35
C.
Achieve a Physical Element of a Plan
N
0
36
Sub -total Project Related:
35
120
2.
Super Size Projects (point values are cumulative):
A.
100% to 199%
Y
25
25
B.
200% to 299%
Y
68
68
C.
300% to 399%
Y
65
65
D.
400% and Over
Y
52
52
Sub -total Super Size Projects:
210
210
3.
Construction Related:
A.
Employ Local Companies
Y
20
20
B.
Purchase Materials from Local Companies
Y
20
20
C.
Require Employees vs. Independent Contracts
Y
19
19
D.
Require Target Wage Levels
Y
22
22
E.
Require Health Benefits
Y
22
22
F.
Require Pension Benefits
Y
18
18
G.
Maintain Affirmative Action Plan
Y
20
20
Sub -total Construction Related:
141
141
4.
Waqe & Benefit Related:
A.
Pay Target Wage Levels
Y
33
33
B.
Provide Health Benefits
Y
34
34
C.
Provide Pension Benefits
Y
29
29
D.
Provide Training
Y
28
28
E.
Provide Child Care
Y
15
15
F.
Provide Transportation Assistance
Y
14
14
G.
Provide Employer Assisted Housing program
N
0
9
Sub -total Wage & Benefit Related:
153
162
5.
Workforce Related:
A.
Create New Jobs
Y
42
42
B.
Retain Existing Jobs
N
0
41
C.
Maintain Affirmative Action Plan
Y
35
35
D.
Provide Targeted Hiring Preference
N
0
34
Sub -total Workforce Related:
77
152
6. Pay for Municipal Infrastructure: (point values are cumulative):
A. Pay for Oversizing or Upgrading N 0 14
B. Pay for 26 -50% of Extension Cost N 0 26
C. Pay for 51 -75% of Extension Cost N 0 39
D. Pay for 76 -100% of Extension Cost N 0 52
Sub -total Infrastructure Related: 0 131
7. Support a Municipal Facility:
A. Support a Municipal Facility N 0 84
Total Public Benefit Points: 616 1000
Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
Innovation Park At Notre Dame, Inc.
Additional Years of Abatement
Mufti - family Development Projects:
From
To
Additional Years
0
141
0
142
183
1
184
225
2
226
267
3
268
309
4
310
351
5
352
393
6
394
& over
7
Other Development Protects:
From
To
Additional Years
0
300
0
301
357
1
358
414
2
415
471
3
472
528
4
529
585
5
586
642
6
643
1000
7
Subtotal from Points Summary: 616
Base Years of Abatement 3
Additional Years of Abatement: 6
Total Years of Abatement: 9
6 YEAR
Innovation Park
South Bend Clay Township
Real Property Tax Abatement Schedule*
13- Aug -08
Gross Tax (tax rate x net assessed value)
Tax Key Number
2,195,424
9,003
17- 1017 -0406
752,386
1,102,213
1,452,041
1,823,732
Less Circuit Breaker Credit
(1,553)
Current Assessed Value:
0
210,000
0
0
0
(54,441)
Net Tax
7,450
Estimated Project Cost:
9,003
336,966
60,000,000
1,102,213
1,452,041
1,769,292
Circuit Breaker Cap
1,479,811
336,966
3
Current
Without
100%
85%
66%
50%
34%
17%
Assessed Value:
1,536,300
AV & Tax
Abatement
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Current Assessed Value
100%
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
Base Assessed Value
85%
1,721,806
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
Less Abatement Deduction
0
(51,000,000)
(43,350,000)
(33,660,000)
(25,500,000)
(17,340,000)
(8,670,000)
Net Assessed Value
210,000
51,210,000
210,000
7,860,000
17,550,000
25,710,000
33,870,000
42,540,000
Property Taxes:
Assume constant tax rate of
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
Gross Tax (tax rate x net assessed value)
9,003
2,195,424
9,003
336,966
752,386
1,102,213
1,452,041
1,823,732
Less Circuit Breaker Credit
(1,553)
(378,647)
0
0
0
0
0
(54,441)
Net Tax
7,450
1,816,777
9,003
336,966
752,386
1,102,213
1,452,041
1,769,292
Circuit Breaker Cap
1,479,811
336,966
3
7,450
1,809,327
1,816,777
1,064,391
752,386
Circuit Breaker 3.0000%
6,300
1,536,300
1,536,300
1,536,300
1,536,300
1,536,300
1,536,300
1,536,300
Debt Service 0.5477%
1,150
280,477
1,150
43,049
96,121
140,814
185,506
232,992
Circuit Braker Cap
7,450
1,816,777
1,537,450
1,579,349
1,632,421
1,677,114
1,721,806
1,769,292
Totals 44,701 10,855,962 10,900,663 5,478,762 5,421,901
*This schedule is for estimation purposes only and assumes constant tax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates.
New
Combined
Net
Existing
Project
Existing & New
Tax
Tax
Year
Taxes
Taxes
Taxes
Abated
Paid
1
7,450
1,809,327
1,816,777
1,807,774
9,003
2
7,450
1,809,327
1,816,777
1,479,811
336,966
3
7,450
1,809,327
1,816,777
1,064,391
752,386
4
7,450
1,809,327
1,816,777
714,564
1,102,213
5
7,450
1,809,327
1,816,777
364,736
1,452,041
6
7,450
1,809,327
1,816,777
47,486
1,769,292
Totals 44,701 10,855,962 10,900,663 5,478,762 5,421,901
*This schedule is for estimation purposes only and assumes constant tax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates.
10 YEAR
Tax Key Number
Current Assessed Value:
Estimated Project Cost:
Assessed Value
Current Assessed Value
Base Assessed Value
Less Abatement Deduction
Net Assessed Value
Property Taxes.
Assume constant tax rate of
Gross Tax (tax rate x net assessed value)
Less Circuit Breaker Credit
Net Tax
Circuit Breaker Cap
Circuit Breaker
Debt Service
Circuit Braker Cap
4-Sep-08
Innovation Park
South Bend Clay Township
Real Property Tax Abatement Schedule'
17- 1017 -0406
210,000
60,000,000
Current
Without
100%
95%
80%
65%
50%
40%
30%
20%
10%
5%
AV & Tax
Abatement
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
100% 210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
85%
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
6
0
(51,000,000)
(48,450,000)
(40,800,000)
(33 150,000)
(25,500,000)
(20,400,000)
(15,300,000)
(10,200,000)
(5,100,000)
(2,550,000)
210,000
51,210,000
210,000
2,760,000
10,410,000
18,060,000
25,710,000
30,810,000
35,910,000
41,010,000
46,110,000
48,660,000
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
9,003 2,195,424 9,003 118,324 446,287 774,250 1,102,213 1,320,856 1,539,498 1,758,140 1,976,782 2,086,103
(1,553) (378,647) 0 0 0 0 0 0 0 0 (187,937) (283,292)
7,450 1,816,777 9,003 118,324 446,287 774,250 1,102,213 1,320,856 1,539,498 1,758,140 1,788,844 1,802811
3.0000% 6,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300
0.5477% 1,150 280,477 1,150 15,117 57,016 98,915 140,814 168,746 196,679 224,612 252.544 266,511
7,450 1,816,777 1,537,450 1,551,417 1,593,316 1,635,215 1,677,114 1,705,046 1,732,979 1,760,912 1,788.844 1,802 811
'This schedule is for estimation purposes only and assumes constant lax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates
Filed In Clerk's Office
ESP- 008
CITY CLE?K, 30. OE D, ICJ.
New
Combined
Net
Existing
Project
Existing & New
Tax
Tax
Year
Taxes
Taxes
Taxes
Abated
Paid
1
7,450
1,809,327
1,816,777
1,807,774
9,003
2
7,450
1,809.327
1,816,777
1,698,453
118,324
3
7,450
1,809,327
1,816,777
1,370,490
446,287
4
7,450
1,809,327
1,816,777
1,042,527
774,250
5
7,450
1,809,327
1,816.777
714,564
1,102,213
6
7,450
1,809,327
1,816,777
495,922
1,320,856
7
7,450
1,809,327
1,816,777
277,280
1,539,498
8
7,450
1,809,327
1,816,777
58,637
1,758,140
9
7,450
1,809,327
1,816,777
27,933
1,788,844
10
7,450
1,809,327
1,816,777
27,933
1,788,844
Totals
74,502
18,093,270
18,167,772
7,521,512
10,646,259
'This schedule is for estimation purposes only and assumes constant lax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates
Filed In Clerk's Office
ESP- 008
CITY CLE?K, 30. OE D, ICJ.
CITY OF SOUTH BEND
PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of real property, located within the City of South Bend, hereby
petition the Common Council of the City of South Bend for real property tax abatement
consideration and pursuant to I.C., 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code
Sec. 2 -76 et seq., for this petition states the following:
Unless otherwise noted herein, the responses to the following questions pertain
only to Phase I of the proposed project. Reference should be made to Form SB-
1 /Real Property Statement of Benefits for the proposed project for a more detailed
description of Phase II, Phase III and Phase IV of the proposed project.
1. Describe the proposed redevelopment or rehabilitation project, including information
about physical improvements to be made, the proposed use of the improvements,
and a general statement as to the importance of the project to your business:
The proposed project is a new technology park to be known as the "Innovation Park
at Notre Dame" (`7P @ND') and will include the construction of four buildings on an
approximately 12 acre site, with construction to begin on the first building (Phase I) in
the early fall 2008 and be completed within 12 to 24 months. The Master Plan for the
project anticipates three additional buildings to be phased in between 2010 and 2018.
The future phases are expected to include a free - standing addition to the first building
(Phase 11) followed by two additional separate buildings (Phases 111 and IV) on the
main site. A further facility may also be added on the approximately two -acre portion
on the east side of Twyckenham Drive.
The first building (Phase I) will be the main gathering area for the entire park, and
provide most of the essential common areas, conference facilities and training
resources. Phase I will comprise a facility of approximately 54,000 sq ft on three
levels, with the reception area, administration space and "Greenhouse" incubator
facility (approximately 6, 000 sq ft) on the first level. The second and third levels will be
designed as `build -to -suit' tenant areas for general office space and dry or wet lab
configurations.
Land Size approximately 12 acres; Building Size approximately 54,000 sq.ft.
2. Describe the overall nature of the business and of the operations occurring at the
Property (attach additional sheet if more space is needed):
The IP @ND will encourage the initiation and growth of world -class research activity
on the campus of the University of Notre Dame, and in collaboration with other
universities and colleges. The IP @ND will act as abase for the technology platform
development in addressing basic human needs, such as water, nutrition, clean air,
health, shelter, education, communications, transportation, energy and the
(Rev 12/29/06)
environment. In doing so, the IP @ND will foster and facilitate the accelerated
exploration and development of the commercial applications of these technology
platforms through technology transfer, joint ventures, start -ups, and other avenues
with large and small innovation -based businesses located in Michiana, across the
U.S., and around the world.
Succinctly stated, the mission of the Innovation Park at Notre Dame is, therefore, to
transform research into marketable enterprises. The IP @ND will accomplish this
mission by providing convenient access to necessary space, administrative services
and Internet connectivity in combination with the active engagement of expert
technical support, professional business advice and introduction to private risk
capital. Key outcomes will include the translation of intellectual property into viable
products and services, as well as enhanced research /technology development
opportunities and uniquely valuable educational experiences forfacultyand students.
At the same time, the IP @ND will not actively provide the means to advance basic
research off campus, or to seek to become a long -term landlord for start-up or other
commercial ventures on this site. Instead, the IP @ND will encourage the continuous
development of its core research /technology platforms and facilitate an accelerated
exploration of potential commercial applications, leading to the eventual
transplantation of these enterprises into Michiana for market scale -up.
3. Estimate the dollar value of the project (excluding land): $10,000,000 - $15,000,000
4. The current assessed valuation of the real property before rehabilitation,
redevelopment, economic revitalization, or improvement: $210,000 - -which amount
represents the approximate assessed value for the 12 -acre site of the proposed
project. The unimproved land that makes up such 12 -acre site is assessed at
approximately $17,500 an acre, and, therefore, the 12 -acre site of the proposed
project represents approximately $210,000 of current assessed value (12 x $17,500 =
$210,000). Such 12 -acre site is located on a portion of the two parcels identified at
Question No. 7 below (total assessed value for the two parcels is $1,290,830 for real
property taxes payable in 2007).
5. (a) The real property for which tax abatement consideration is petitioned (Property) is
owned or to be owned by the following individuals or corporations (if the
business organization is publicly held, indicate also the name of the corporate
parent, if any, and the name under which the corporation has filed with the
Securities and Exchange Commission):
NAME ADDRESS INTEREST ( %)
University of Notre Dame 203 Main Building 100
du Lac Notre Dame, IN 46556 -5602
(b) The following other person(s) lease, intend to lease, or have an option to buy the
Property (include corporate information as required in 5(a) above, if applicable);
2
(Rev 12/29/06)
NAME ADDRESS INTEREST ( %)
Innovation Park at Notre Dame, Inc.
Future tenants of Innovation Park
at Notre Dame, Inc.
203 Main Building to be determined
Notre Dame, IN 46556 -5602
203 Main Building to be determined
Notre Dame, IN 46556 -5602
6. The commonly known address of the Property is: No common address is currently
available. The property is located on an approximately 12 -acre site with Edison Road on
the northern boundary, State Road 23 -South Bend Avenue on the southern boundary, and
Twyckenham Drive running through the property as shown on Exhibit A and Exhibit B
hereto.
7. The Key Number(s) of said property is: 17- 1017 -0406;
18- 5102 -3579
8. A legal description of the above address is attached hereto, marked "Exhibit A ", and
incorporated herein.
9. A map and /or plat describing the Property is attached hereto, marked "Exhibit A"
(the Plat) and "Exhibit B" (the Map), and incorporated herein.
10. Photographs of the property, taken within two (2) weeks of filing of this petition, are
attached hereto, marked "Exhibit C ", and incorporated herein.
11. The redevelopment or rehabilitation project itself is expected to create 17 to 23 full -
time and 1 part-time permanent jobs within the first year, representing anew annual
payroll of $1.15 million to $1.45 million and will maintain N/A existing permanent full -
time and N/A existing permanent part-time jobs including existing permanent full -
time minority employment of N/A and existing permanent part-time minority
employment of N/A with an annual payroll of $ N/A . At present, Innovation Park at
Notre Dame, Inc. has no employees.
12. The projected annual salaries for each new position indicated above are estimated to
be as follows (If more space is needed, please attach a separate sheet):
The projected annual salaries for each new position indicated above can be
described as follows:
Park Administration (CEO, 2 Engagement Directors, Marketing Manager, Facilities
Manager and Sr. Administrative Assistant) $550,000
4 to 6 tenant companies with an average of 3 employees each ($150,000 total
salaries per company) $600,000 to $900,000
Total Salaries $1,150,000 to $1,450,000
3
(Rev 12/29/06)
13. Provide current employment wage information including; base rate, cost -of- living
allowances, hazardous -duty pay, incentive pay including commissions and production
bonuses, on -call pay and tips. Do Not Include; back pay, jury duty pay, overtime pay,
severance pay, shift differentials, non - production bonuses, and tuition
reimbursements (average hourly rate or range):
NOTE: Responses to Question Nos. 13, 14, and 16 are based on information
provided by the University of Notre Dame only, as such information is not yet
available for the other Applicants.
Part -time
O,ccul ational Cafe o"
Avera" a Annual Sala
Administrators
$
35,642.81
Other Professionals
$
28,877.69
Office Clerical
$
14,593.97
Support Staff
1 $
12,844.18
Total Average ° - "= .
$
151'036.38
14. Indicate whether your company provides the following benefits (use Y /N):
Y Health Care Benefits
—Y —Pension Plan
—y —Employer Provided Training (recognized or certified training /educational
courses or programs)
_Y_ (ECDC)_Day Care (provide or contribute to the cost of child day care for its
employees)
_Y_ (Transpo Agreement)_Transportation Assistance (provide direct or indirect
support and assistance to its employees without private transportation to get
back and forth from residence to place of employment)
_N_Employer- Assisted Housing Program (provide an employer- assisted home
ownership program)
—N—Targeted Hiring Preference (provide hiring preference for residents of
Census Tracts designated by the Community & Economic Development
Dept. that have the highest unemployment or the highest percentage of low
and moderate income individuals).
(Additional information may be requested for verification of the above items)
4
(Rev 12/29/06)
15. List the real and personal property taxes paid at the location during the previous five
years, whether paid by the current owner or a previous owner:
Real Property Taxes (No personal property has been located on the site)
Parcel Number
018- 5102 -3579
017- 1017 -0406
Year
2007
2006
2005
2004
2003
Total - 5 Years
Tax Amount
$ 3,609
3,677
3,494
3,554
3.345
$ 17,679
2007 $ 0
2006 0
2005 0
2004 0
2003 0
Total - 5 Years 0
(this information may be obtained from the St. Joseph County Treasurers office 235 -9531)
All taxes paid by the University of Notre Dame; both properties owned by the University of
Notre Dame for entire 5 -year period. Property taxes for 2008 not yet available.
16. Please list the number of full -time and part-time minority employees for each of the
last three years:
From University Metrics Staff Counts
17. Does your business maintain an affirmative action plan or other similar plan in order
to achieve racial diversity? If yes, please briefly indicate specific goals, objectives,
and means as designated by your plan:
See information at Exhibit D hereto.
(Rev 12/29/06)
2008 814
2007 1116 *
2006 (1116)
Full -time
I Part-time
Full -time
Part-time
Full -time
Part-time
Black
2561
18
257
17
265
18
Hispanic
124
5
125
8
111
10
Asian
119
_
17
116
17
109
18
Indian
12
1
9
1
7
1
Other
From University Metrics Staff Counts
17. Does your business maintain an affirmative action plan or other similar plan in order
to achieve racial diversity? If yes, please briefly indicate specific goals, objectives,
and means as designated by your plan:
See information at Exhibit D hereto.
(Rev 12/29/06)
18. Indicate whether or not your project meets any of the following criteria (contact
Community & Economic Development Dept. 235 -9335 for information on this section):
No Conversion to residential use of a commercial "Eligible Building" as
designated by the Community & Economic Development Dept.
No Rehabilitation of a building that is either designated as a National Register
or local landmark or is eligible for nomination as one, located in a National
Register or local landmark district, or rated as Outstanding or Significant in
the most recent Historic Preservation Commission county wide survey.
No Rehabilitation and reuse of a property that is designated a Problem
Property by the Community and Economic Development Department
No Pays for the cost of cleaning up a "Brownfield," which is any site, building
facility or complex that has been designated a brownfield by the Community
and Economic Development Department.
No Achieves a physical element identified in a development or revitalization
plan that has been approved by the Council
19. Is your business based upon licensing intellectual property from research conducted at
a public or private university, college, or community college located within St. Joseph
County, Indiana? If yes, please include a description of the research based aspects of
the business (attach additional sheet if more space is needed):
The Innovation Park at Notre Dame is based, in part, on developing and /or licensing
intellectual property from the University of Notre Dame and, possibly, otherarea public
or private universities located in St. Joseph County, Indiana. The research -based
aspects of the business will emerge from a variety of sources, either as the result of a
University license of its intellectual property to a member of the faculty or students for
commercial development or to a third party with an interest to develop the intellectual
property into a commercial venture with the assistance of a faculty- creator of the
intellectual property under the auspices of the Innovation Park and its facilities.
20. Does your business financially support a Municipal Facility (i.e. municipally owned
park, recreation center, cultural, arts, or entertainment facility)? N/A
21. Is your company incurring any of the cost of extension or oversizing of municipal
infrastructure serving the project site? This includes water, sewer, drainage facilities,
wastewater treatment facilities, road and street improvements, street lighting, traffic
control and related public improvements (attach additional sheet if more space is
needed):
The City of South Bend has incurred the costs of extension of municipal utilities to the
project site. The University of Notre Dame is providing all utility infrastructure on the
project site and incurring the costs of connecting such utility infrastructure to the
municipal utilities provided by the City of South Bend. In addition, the University of
Notre Dame funded the improvements to Twyckenham Drive and Edison Road in and
around the property.
6
(Rev 12/29/06)
22. Information is required on the companies through which construction materials will be
purchased for the project. (Please complete the table on page 8 of this application).
Information not available at this time. See response to Question No. 23 below.
23. Information is required on the construction companies that will be utilized for
construction of the project. (Please complete the table on page 9 of this application).
Information not available at this time. It is anticipated that the construction of the
project will be completed through the use of union contractors, a significant portion of
which are anticipated to be local contractors.
24. No building permit has been issued for construction on the property in connection with
the improvement in question as of the date of filing of this petition. (The Property
Owners signature at the end of this application is verification of this statement).
25. The Standard Industrial Classification (SIC) or North American Industry Classification
Systems (NAICS) major group within which the proposed project would be classified,
by number and description:
SIC 8733 Noncommercial Research Organizations
NAICS 541712 Engineering Research and Development Laboratories or Services
26. The Internal Revenue Service Code of Principal Business Activity by which the
proposed project would be classified, by number and description:
541700 Scientific Research and Development Services
27. The current use of the Property is vacant land and the current zoning is U- University.
(This information may be obtained from the Building Department 235 - 9554).
28. Has your business been granted previous tax abatement(s)? If yes, please provide
type (real and /or personal property) and date of approval. N/A
29. Other anticipated public financing for the project including, if any, industrial revenue -
bonding to be sought or already authorized, assistance through the United States
Department of Housing and Urban Development funds from the City of South Bend,
Small Business Association Sections 503 and 504 financing through the Business
Development Corporation of South Bend, Mishawaka, and St. Joseph County, Indiana,
Industrial Revolving Fund, Neighborhood Business Development Corporation,
Corporation for Entrepreneurial Development; or other public financial assistance,
including but not limited to public works improvements.
As stated above, the City of South Bend has incurred the costs of extension of
municipal utilities to the project site. Also, the University of Notre Dame may fund a
portion of the project through a 501(c)(3) bond financing issued through St. Joseph
County, Indiana, however, the University has the sole responsibility for the payment of
7
(Rev 12/29/06)
the debt service on such bonds and no tax revenues are pledged to the payment of
such bonds.
30. The following person(s) should be contacted as Petitioner's agent regarding additional
information and public hearing notifications:
Name: Philip J. Faccenda, Jr.
Address: Barnes & Thornburg LLP
600 1St Source Bank Center
City, State, Zip: South Bend, IN 46601
Telephone: 574 - 237 -1148
31. Please indicate the name, address, and telephone number of the person who will work
with Employment Training Services (ETS) for employee recruitment, and sign the ETS
form attached to the petition if the real tax abatement is for warehouse or industrial
developments. N/A
Name:
Address:
City, State, Zip:
Telephone:
(Rev 12/29/06)
WHEREFORE, Petitioner requests that the Common Council of the City of South Bend,
Indiana, adopt a declaratory resolution designating the area described herein to be an
economic revitalization area for purposes of tangible real property tax abatement
consideration, and after publication of notice and public hearing, determine qualifications
for an economic revitalization area have been met, and confirm such resolution. Petitioner
herein hereby verifies that the required $250.00 filing fee to cover processing and
administrative costs pursuant to Section 2 -84.7 of the Municipal Code of the City of South
Bend has been paid in full.
Name of Applicant(s):
Innovation Park at Notre Dame, Inc., for itself and
on behalf of its future tenants
By. '
John A. Sejdina' reasurer
University of -Notre Dame du Lac
By.
John A. Sejdinaj ice Preside r Finance
(Typed or printed name and capacity of
signor if signed by an agent or representative of the
owner.)
File In Clerk's Ll11ce
E3 2008
JOHN VOORDE CIT( CLE BEND, IN.
i K,
(Rev 12/29106)
EXHIBIT "A"
LEGAL DESCRIPTION OF REAL PROPERTY AND PLAT
(Rev 12/29/06)
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EXHIBIT "B"
MAP OF PROPERTY
(PLEASE SEE ATTACHED)
(Rev 12/29/06)
CTP Application
Innovation Park @ Notre Dame
ATTACHMENT Cl
Innovation Park
Notre Dame
Campus Site
Updated 13NIarO8
EXHIBIT "C"
PHOTOGRAPHS
(PLEASE SEE ATTACHED)
(Rev 12/29/06)
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EXHIBIT "D"
EQUAL EMPLOYMENT OPPORTUNITY / AFFIRMATIVE ACTION
Equal Employment Opportunity /
Affirmative Action
Last Updated 12/05
Applies to Administrators, Faculty, Staff, and Students
Related Policies:
• Recruitment, Selection, and Hiring
• Promotion and Transfer
• Summer Emplo nnet
Policy
The University of Notre Dame is dedicated to equal employment opportunity and to the
implementation of positive programs designed to ensure the prevention of any discriminatory
practices, either intentional or inadvertent, with respect to race, color, national or ethnic origin,
disability, veteran status, age or sex. The University is totally committed to full compliance with
the letter and spirit of the Civil Rights Act of 1964, as amended; Executive Order 11246, as
amended; the Americans With Disabilities Act of 1990; the Vietnam Era Veterans Readjustment
Assistance Act of 1972; the Rehabilitation Act of 1973; and all other federal and state laws
concerning equal opportunities.
It is the policy of the University of Notre Dame to:
• Recruit, hire, train, and promote persons in all job titles without regard to race, color,
national or ethnic origin, disability, veteran status, age or sex, except where sex is a bona
fide occupational qualification.
• Base decisions on employment so as to further the principle of equal employment
opportunity.
• Ensure that promotion decisions are in accord with principles of equal employment
opportunity by imposing only valid requirements for promotional opportunities.
• Ensure that all personnel actions such as compensation, benefits, transfers, layoffs, return
from layoff, University sponsored training, social and recreational programs, education,
and tuition assistance will be administered without regard to race, color, national or
ethnic origin, disability, veteran status, age or sex.
Procedures
(Rev 12/29/06)
Dissemination of Policy Statement
To ensure that its message is heard, understood and acted upon throughout the University
community, the Equal Opportunity /Affirmative Action Policy Statement is disseminated in the
following ways:
• Through the Officers of the University, who are responsible for monitoring all hiring
within their areas.
• Through representative University committees, such as the Campus Administrators
Advisory Group, the Human Resources Advisory Group, the Staff Advisory Council, the
Staff Affirmative Action Committee, and others.
• Through incorporation into Supervisory Training Series instruction.
• Through inclusion in employee orientation meetings.
• Through incorporation into the Staff Guidebook, this Human Resources Policy Manual,
and any future manuals developed to transmit University policy and practice.
• Through posting on department bulletin boards.
Dissemination of the Equal Opportunity /Affirmative Action Policy Statement
outside of the University is accomplished through the following means
• Incorporation of the equal opportunity clause in all purchase orders, leases, contracts, etc.
covered by Executive Order 11246, as amended, and its implementing regulations.
• Inclusion of the equal opportunity clause in recruiting materials published by the
University, and in advertisements placed in newspapers and magazines.
• Inclusion of the Equal Opportunity /Affirmative Action Policy Statement within the
University's Internet Home Page.
• Inclusion of minority and non - minority men and women in photographic materials used
to advertise the University.
Responsibility for Implementation
While guided by consultation with the Officers of the University, University President (Rev.)
John Jenkins, C.S.C., has the ultimate responsibility for ensuring that equal employment
opportunity and affirmative action receive the high level of priority that is due this activity.
The Director of the Office of Institutional Equity, Jannifer Crittendon, is the Equal Employment
Opportunity Officer for the University and is responsible for the following:
• Developing policy statements, affirmative action programs, and internal and external
communication techniques.
• Assisting in the identification of problem areas.
(Rev 12/29/06)
• Assisting deans, directors, department heads and other managers in arriving at solutions.
• Designing and implementing auditing and reporting systems that will measure the
effectiveness of programs and determine the degree to which objectives have been
attained.
• Informing the President and other appropriate officers regarding the effectiveness of plan
implementation.
• Creating and continuing liaisons between the University and minority organizations,
women's organizations, and community action groups concerned with employment
opportunities for minorities and women.
The University's philosophy and policy on equal employment opportunity and affirmative action
are set out in this EEO and Affirmative Action policy.
SBDS02 PFACCENDA 3779010
(Rev 12/29/06)
Fr ,yii�
T7 , 2068
v0
ne • d Community & Economic Development
1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 ♦ Phone 574/235 -9371 ♦ Fax 574/235 -9021
To: South Bend Common Council
From: Bob Mathia qy✓7
Subject: Real Property Tax Abatement Petition for University of Notre Dame,
Innovation Park At Notre Dame, Inc.
Date: August 18, 2008
After I submitted my report to you on the subject petition, the Petitioner provided additional
information/explanation on the support it provides to various municipal facilities including the
Morris Performing Arts Center. As a result, I have revised Section 7 -A of the Petitioner's Public
Benefits Points Summary to reflect this information. The maximum term for the tax abatement that
the Petitioner can now qualify for has increased from nine years to ten years. Copies of the revised
Public Benefits Points Summary and tax revenue estimate are attached for your information. The
current Designating Resolution already provided to the Council contains this change.
Hod In Clerles Office
AUG 1 8 2008
JOHN VOORDE
CITY CLERK, SO. BEND, 11
MEMO. TO .COMMON.COUNCIL.REVISED.BENEFIT POINTS What We Do Today Makes A
Difference!
Innovation Park At Notre Dame, Inc.
Public Benefit Points Summary *
Qualify Earned
Public Benefit Item: Y or N Points
Project Related:
1. A. Redevelop a Site that has Special Needs N 0
B. Develop Based on Local University Research Y 35
C. Achieve a Physical Element of a Plan N 0
Sub -total Project Related: 35
2. Super Size Proiects (point values are cumulative):
A. 100% to 199% Y 25
B. 200% to 299% Y 68
C. 300% to 399% Y 65
D. 400% and Over Y 52
Sub -total Super Size Projects: 210
3. Construction Related:
A.
Employ Local Companies
Y
B.
Purchase Materials from Local Companies
Y
C.
Require Employees vs. Independent Contract(
Y
D.
Require Target Wage Levels
Y
E.
Require Health Benefits
Y
F.
Require Pension Benefits
Y
G.
Maintain Affirmative Action Plan
Y
Sub -total Construction Related:
4. Wage & Benefit Related:
A.
Pay Target Wage Levels
Y
B.
Provide Health Benefits
Y
C.
Provide Pension Benefits
Y
D.
Provide Training
Y
E.
Provide Child Care
Y
F.
Provide Transportation Assistance
Y
G.
Provide Employer Assisted Housing program
N
Sub -total Wage & Benefit Related:
5. Workforce Related:
A.
Create New Jobs
Y
B.
Retain Existing Jobs
N
C.
Maintain Affirmative Action Plan
Y
D.
Provide Targeted Hiring Preference
N
Sub -total Workforce Related:
6. Pay for Municipal Infrastructure: (point values are cumulative):
A.
Pay for Oversizing or Upgrading
N
B.
Pay for 26 -50% of Extension Cost
N
C.
Pay for 51 -75% of Extension Cost
N
D.
Pay for 76 -100% of Extension Cost
N
Sub -total Infrastructure Related:
7. Support a Municipal Facility:
A.
Support a Municipal Facility
Y
Total Public Benefit Points:
20
20
19
22
22
18
20
141
33
34
29
28
15
14
0
153
42
0
35
0
77
15- Aug -08
Available
Points
49
35
36
120
25
68
65
52
210
20
20
19
22
22
18
20
141
33
34
29
28
15
14
9
162
42
41
35
34
152
0 14
0 26
0 39
0 52
0 131
84 84
700 1000
* Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
Innovation Park At Notre Dame, Inc.
Additional Years of Abatement
Multi- family Development Projects:
From
To
Additional Years
0
141
0
142
183
1
184
225
2
226
267
3
268
309
4
310
351
5
352
393
6
394
& over
7
Other Development Proiects:
From
To
Additional Years
0
300
0
301
357
1
358
414
2
415
471
3
472
528
4
529
585
5
586
642
6
643
1000
7
Subtotal from Points Summary: 700
Base Years of Abatement 3
Additional Years of Abatement: 7
Total Years of Abatement: 10
Filed In Clerk's Oirice
AUG 1 8 2008
JOUT1VOORDE
CFfY CLE' SK, S0. BEN"), 1%
10 YEAR
Filed In CT, r %'s Office
A', " i 3 2008
55END, IN.
Tax Key Number
Current Assessed Value:
Estimated Project Cost:
Assessed Value:
Current Assessed Value
Base Assessed Value
Less Abatement Deduction
Net Assessed Value
Property Taxes:
Assume constant tax rate of
Gross Tax (tax rate x net assessed value)
Less Circuit Breaker Credit
Net Tax
Circuit Breaker Cap
Circuit Breaker
Debt service
Circuit Braker Cap
14- Aug -08
Innovation Park
South Bend Clay Township
Real Property Tax Abatement Schedule'
17- 1017 -0406
210,000
60,000,000
Current
Without
100%
95%
80%
65%
50%
40%
30%
20%
10%
5%
AV & Tax
100%
Abatement
Year 1.
Year
Year
Year
Year
Years
Year
Years
Years
Years
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
210,000
85%
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
51,000,000
_
0
(51,000,000)
(48,450,000)
(40,800.000)
(33,150.000)
(25,500,000)
(20,400 000)
(15,300,000)
(10,200,000)
(5,100,000)
(2,550,000)
210,000
51.210,000
210,000
2,760.000
10,410,000
18,060,000
25,710,000
30,810,000
35,910,000
41,010,000
46,110,000
48,660,000
4.2871%
4.2871%
4,2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4.2871%
4,2871%
4.2871%
4.2871%
9,003 2195,424 9,003 118,324 446,287 774,250 1,102,213 1,320,856 1,539,498 1,758,140 1,976,782 2,086,103
(1,553) (378,647) 0 0 0 0 0 0 0 0 (187,937) (283,292)
7,450 1,816,777 9,003 118,324 446,287 774,250 1,102,213 1,320,856 1,539,498 1,758,140 1,788,844 1,802,811
3.0000% 6,300 ^,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300 1,536,300
0.5477% 1,150 280,477 1,150 15,117 57,016 98,915 140,814 168,746 196,679 224,612 252,544 266,511
7,450 1,816,777 1,537,450 1,551,417 1,593,316 1,635,215 1,677,114 1,705,046 1,732,979 1,760,912 1,788,844 1,802,811
`This schedule is for estimation purposes only and assumes constant tax rates. The true lax values
will ultimately be determined by the act-1 assessed yaluml- - rtie r--..- e.,.... -
New
Combined
Net
Existing
Project
Existing & New
Tax
Tax.
Year
Taxes
Taxes
Taxes
Abated
Paid
1
7,450
1,809,327
1,816,777
1,807,774
9,003
2
7,450
1,809,327
1,816,777
1,698,453
118,324
3
7,450
1,809,327
1,816,777
1,370,490
446,287
4
7,450
1,809,327
1,816,777
1,042,527
774,250
5
7,450
1,809,327
1,816,777
714,564
1,102,213
6
7,450
1,809,327
1,816,777
495,922
1,320,856
7
7,450
1,809,327
1,816,777
277,280
1,539,498
8
7,450
1,809,327
1,816,777
58,637
1,758,140
9
7,450
1,809,327
1,816,777
27,933
1,788,844
10
7,450
1,809,327
1,816,777
27,933
1,788,844
Totals
74,502
18,093,270
18,167,772
7,521,512
10,646,259
`This schedule is for estimation purposes only and assumes constant tax rates. The true lax values
will ultimately be determined by the act-1 assessed yaluml- - rtie r--..- e.,.... -