01-26-15 Agenda, Packet and Committee Meeting Notice

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' ° "© STATEMENT OF BENEFITS �- VACANT BUILDING DEDUCTION State Form 55182 (R / 2- 14)State Form 55182 (R / 2 -14) Prescribed by the Department of Local Government Finance This statement is being completed for real property that qualifies as an "eligible vacant building" as defined by IC 6 -1.1- 12.1- 1(17). 20_ PAY 20_ FORM SB -1 / VBD PRIVACY NOTICE The cost and any specific individual's salary information is confidential; the balance of the filing is public record per IC 6-1.1- 12.1 -5.1 (c) and (d). 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 occupation of the eligible vacant building for which the person wishes to claim a deduction. 2. To obtain a vacant building deduction, a Form 3221VBD must be filed with the county auditor before May 10 in the year in which the property owner or his tenant occupies the vacant building or not later than thirty (30) days after the assessment notice is mailed to the property owner If it 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 subsequent year 3 A property owner who riles the Form 3221VBD must provide the county auditor and the designating body with a Form CF -1NBD to show compliance with the approved Form SB -1NBD. The Form CF -1NBD must also be updated each year in which the deduction is applicable. SECTION .- Name of taxpayer The Foster Group, LLC Address of taxpayer (number and street, city, state, and ZIP code) 3415 Grape Road, Mishawaka, IN 46545 Name of contact person Telephone number E -mail address Bradley Foster ( 574 ) 257 -0020 Brad @MGEgroup.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Location of property County DLGF taxing district number Description of eligible vacant building that the property owner or tenant will occupy (use amdona/ sheets if necessary). Estimated occupancy sate (month, day, year) Estimated sate placed- in-use (month, day, year) SECTION 3 ESTIMATE OF EMPLOYEES AND-SALARIES AS A RESULTOF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries SECTION ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values 2,400,000.00 Plus estimated values of proposed project 500,000.00 Less values of any property being replaced 0.00 Net estimated values upon completion of project 2,900,000.00 SECTION •• TO SELL OR LEASE VACANT BUILDING Described efforts by the owner or previous owner to sell, lease, or rent the budding during period of vacancy: The Bowne building has been vacant for approximately 4 years. The challenge to the facility selling and/or leasing was the damage caused to the building by vandals who scrapped a portion of the mechanical system. The building was listed at all times on the market under 2 different brokers. Show amount for which the building was offered for sale, lease, or rent during period of vacancy. Original listing $5,250,000 with potential lease rate of $3.00 per foot NNN List any other benefits resulting from the occupancy of the eligible vacant building. 40 jobs to the community and upgrading an eyesore to the city owned corporate park. j SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized repress ve Title Date signed (monM, day, year) Managing Member 01/02/2015 Page 1 of 2