08-10-15 Agenda, Packet & Committee Meeting Notice

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o STATEMENT OF BENEFITS b.. VACANT BUILDING DEDUCTION e• Slate 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). INSTRUCTIONS: 20_ PAY 20_ FORM SEA IVBD PRIVACY NOTICE The cost and any speWfidindividual'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). 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. 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 f0. If the property owner misses the May 10 deadline in the wiba/ year of occupation, he can apply between March 1 and May 10 of a subsequent year. A. property owner who files the Form 3221VBD must provide the county auditor and the designating body with a Form CF -1NSD to show compliance with the approved Form SB -iNBD. The Form CF -11VBD must also be updated each year in which the deduction is applicable. SFCTIOA I TAXPAYER INFORMATION Name of taxpayer Manufacturing Technology, Inc. Address of taxpayer (number and street, city, state, andZ/Pcode) 1207 W Washington Street, South Bend, IN 46628 Name of contact person Telephone number E -mail address Michael Laiman ( 574 ) 233 -9490 Laiman.Michael @mtiwelding.com SECTION • • D DESCRIPTION OF -••• r PROJECT Name of designating body Resolution number South Bend Common Council Location of property County DLGF taxing district number 402 N. Sheridan St. Joe Description of eligible vacant building that the property owner or tenant will occupy (use additional sheets ifnecessary). Estimated occupancy date (month, day, year) The building is 117,700 square feet and has been vacant for over two years. The site is on over 12 July 1, 2015 acres and will require significant investment to be able to use it for our purposes. Estimated date placed -in -use (month, day, year) December 31, 2015 Current number Salaries Number retained Salanes Number eddi -ioal Salades 25 895,000.00 25 1 895,000.00 1 7 300,000.00 SECTION ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values 61 00 clif, 700 Plus estimated values of proposed project 941,000.00 Less values of any property being replaced Net estimated values upon completion of project jd y S 7 SECTION •• TO SELL .- Descdbed efforts by the owner or previous owner to sell, lease, or rent the building during pedal d va--y The building was listed by a broker when the previous tenants moved out. fes l -fi Show amount for which the building was offered for sale, lease, or rent during period of vacanry. 1,600,000.00 List any other benefits residing from the occupancy of the eligible vacant building. i 15 ^ O L JUL I JOHN L-'wrvitt E CITY CLERIC, SOUTH BeND, IN f SECTION _ CERTIFICATION I hereby certify that the representation sin this statement are true. Signature razed represenladve Title Date signed ( month, day, year) Page 1 of 2