09-08-14 Amended Council Agenda & Packet

Home Browse Search

STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS S State Form 61767 (R4 /2 -13) Prescribed by the Department of Local Government Finance This statement is being completed for real property that qualities under the fol ❑ Redevelopment or rehabilitation of real estate improvements (IC 6- 1.1 -12. ❑ Residentially distressed area (IC 6.1.1- 12.1 -4.1) INSTRUCTIONS: 1. This statement must be submittedto the body designating the Economic RevlteAzatiOn 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 redevelopment orrehati itsifat of n Ec property for which the person wishes to claim a deduction. 'Projects "planned or committed to after July 1, 1987, and areas designated after July f, 1987, require a STATEMENT OF BENEFITS. (IC 6-1.1 -12.1) 2. Appro val of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilftation, BEFORE a deduction maybe approved. 3. To obtain a deduction, a Form 32ZRE must be Aled w th the County Audltor before May 10 in the year in which the addition to assessed value lion Is made or not laterthan thirty (30) days afterthe assessment notice is mailed to the property owner if R was mailed afterApril 10. If the property owner misses the May 10 deadline in the initial year of occupation, he can apply between March 1 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- 1fRea1 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- 1213.30)). .5. The schedules established under IC 6- 1.1- 121 -4(d) forrehabildated property apply to any economic revitel¢afion areas designated after June 30. 2000, unless an alternative deduction schedule is adopted by the designating body (/C 6-1.1- 12.1 -17). The schedules effective priorto July 1. 2000, shall continue to apply to economic revitafrzatloh areas designated before July 1, 2000. rflilt;ti ire i..a. t'iE.`�Y ra�rttssstia AUG 2 5 2014 JOHN WW9DE AWcr"8Wv r1rf4 W, IN I Nemeoftazpayer L Swing- Batter -Swing LLC Address or taxpayer (numterantl street ciix crate, and 21P code) 501 W. South Street, South Bend, IN 46601 Joe Hart Telephone number E -mail address ( 574 235 -9988 jhart@silverhawks.com Name of designating body Resolution number location of property County DLGF taxing 6-t-0 number 501 W. South Street, South Bend, IN 46601 St. Joseph Description of real progeny improvements, redevelopment, or rehabilitation (use additional sheers if necessary) Estimated start dale (month, day, yeai) 10/1/2014 Estimated completion date (monN, day, year) 4/1/2015 r Cumenl number Salaries Numberrelained .,,.. • ..•.• , • -• Salaries Numberadditional 0 N/A Salaries 3 $85,000+ REAL ESTATE IMPROVEMENTS Current values COST SSESSED A VALUE � Plus estimated values of proposed project Less values of any property being replaced 0 Net estimated values upon completion of pro'ect MORT, M, • • . Estimated sorid waste converted (pounds) Estimated hazardous waste converted (pounds) v - Swing- Batter -Swing LLC is building a 11,200 sq. ft. 1st class indoor hitting and training facility. The facility will consist of 6 indoor tunnels and two regulation pitching mounds. The facility will be operated on an annual basis for the region. It will be an exciting facility that will help attract more people to downtown South Bend outside of Silver Hawks baseball season. I hereby certify that the representations in this statement are true. Page 1 of 2