06-23-14 Council Agenda & Packet

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Filed in Cleric's 0f iC-; -- STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS JUN j 2 N14 Stale Form 61767 (R412.13) Prescribed by the Department of Local Govemm nt Fine ce This statement is being completed for real property' ❑ Redevelopment or rehabilitation of real estate irn ❑ Residentially distressed area (IC 6- 1.1- 12.14.1) INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public heating tithe 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 orrehablliation ofteal property for which the person wishes to claim a deduction. "Projects° planned or wmmlfted to ofterJu)y 1, ig87, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (!C 6-1.1 -12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained pdorto Initiation of the mdevelopment or rehabilitation, BEFORE a deduction may be approved. 3. To obtain a deduction, a Form 3221RE must be filed with the CountyAuddor before May 101n the year in which the addition to assessed valuation is made or not later than thirty (30) days afterthe assessment notice is mailed to the property owner if it was mailed afterApol 10. If the property owner misses the May 10 deadline in the initial yearofoccupation, he can apply between March i and May 10 of a subsequent year. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must attach a Form CF- ]/Real Property annually to the application to show compliance with the Statement of Benefits. (IC 6-1.1- 12.1- 5.1(b) and IC 6.1.1- 12.1- 5.3(j)j. 5. The schedules established under IC 6 -1.1- 12.1 -4(d) formhabilitated property apply to any economic revita!ization areas designated after June 30, 2000, unless an alternative deduction schedule is adopted by the designating body (IC 6-1.1- 12.1 -17). The schedules effective. priorto July 1, 2000, shall continue to apply to economic revitalization areas designated before July 1, 2000. SECTION O Name of taxpayer JJ White, Incorporated Address or taxpayer (number andstreet. city. state, and ZIP code) 5500 Bingham Street, Philadelphia, PA 19120 Name of contact person Telephone number E E -mail address Tony Bogard (574 ) 307 -7310 t tbogardQvraeinc.com SECTION • • I DESCRIPTION OF •••• I PROJECT Name of designating may R Resolution number Location of property C County D DLGF taxing district number 1904 N. Kenmore St, South Bend, IN 46628 S St. Joseph Description or real property improvements. redevelopment, or rehabilitation (use addi(ionalsheers irnecessary) E Estimated start date (month. day, yeao Purchase and improvements to 1904 N. Kenmore St, South Bend, IN 46628 to accommodate JJ white, Inc.'s Midwest Operations. Improvements 8 811114 include minor once buildout as we as new painting throughout interior and exterior of building. new monument sign, new site fence. and parking lot Estimated completion date (month, day, year) improvements. E 9rKY14 SECTION 3 ESTIMATE OF EMPLOYEESAND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number relaine0 Salaries Number additional Salaries 110f6ce /60 Field 17,7000Poce /62,00 Field /Wk 60Fce 142 Fieltl 8,5000Fce/43.680 Fieltl /wk SECT[ON 4 ESTIMATED TOTAL COSTANDVALUE OF ••• I PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values - 6 625,000 Plus estimated values of proposed project 1 100.000 Less values of any property beIn2 replaced 0 0 Net estimated values upon completion of prdect 7 725,000 SECTION • • AND OTHER B BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) 0 E Estimated hazardous waste converted (pounds) 0 Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby Certify the is representations in this statement are true. Signatureorau T Title D Date signed (m fh, y. year) 11 Page 1 of 2 / /