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STATEMENT OF BENEFITS FORM SB -1 ! PP�
<br />PERSONAL PROPERTY
<br />State Form 51764 (R2 / 12 -11)
<br />Prescribed by the Department of Local Government Finance PRIVACY NOTICE
<br />The cost and any spaollic indhr duars
<br />salary information is confidential; the
<br />batanoe of the Ming is public record
<br />lNSTRUC7/ONS:
<br />er IC 8 .1-12.1-5.1 c and (d).
<br />1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public If if the designating body requires
<br />information from the applicant in making its decision about whether to designate an Economic Revializaton Area. Otherwise this statement mustbe submitted
<br />to the designating body BEFORE a person Installs the new manufacturing equipment and /or research and development equipment, endUor logistical distribution
<br />equipment and/or Information technology equipment for which the person wishes to claim a deduction. Projects "planned or committed to after July 1, 1987,
<br />and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (!C 6 -1.1 -12.1)
<br />2 Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to Installation of the new manufacturing equipment
<br />and/or research and development equipment and/or logistical distribution equipment
<br />be approved and/or information technology equipment, BEFORE a deduction may
<br />S. To obtain a deduction, a person must file a certiried deduction schedule with the person's personal property return on a certified deduction schedule (Form
<br />103 -ERA) with the township assessor of the township where the property is situated or with the county assessor It there is no township assessor for the
<br />township. The 103 -ERA must be filed between March 1 and May 15 of the assessment year in which new manufacturing equipment and/orresearch and
<br />development equipment and/or logistical distribution equipment and/or Information technology equipment is installed and fully functional, unless a filing
<br />extension has been obtained. A person who obtains a riling extension must file the form between March 1 and the extended due date of that year.
<br />4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF -1 / PP annually to show compliance with the
<br />Statement ofBenetds. (106 -1,1- 12,1 -5.6)
<br />5. The schedules established under1C 6- 1.1- 12.1- 4.5(d) and (e) apply to equipment installed after March 1, 2001, unless an alternative deduction schedule is
<br />adopted by the designating body (IC 6-1.1- 12.1 -17).
<br />Name of taxpayer
<br />SPECTRON mrc, LLC; SPECTRON LAND, L-C; SPECTRON EQUIPMENT, LLC
<br />Address of taxgaye'1%,1 nA- gjddstreef tale, and ZlPcode)
<br />17490 Dugdsle rive; ou an , n Tana 466355
<br />Name of contact person
<br />Gregory S. Hiatt
<br />number
<br />Name of designating body Resolution number s
<br />City of South Bend t )
<br />Location of property
<br />Catalyst Two, Ignition Park; South Bend, Indiana County DLGF taxing district number
<br />Description of manufacturing equipment and /or research and development equipment ESTIMATED
<br />and /or logistical distribution equipment and /or information technology equipment.
<br />(use additional sheets if necessary) START DATE COMPLETION DATE
<br />Manufacturing Equipment May 16, 2016 June 13, 2016
<br />D Equipment May 30, 2016 June 13, 2016
<br />MANUFACTURING: 15 MeV Cyclotron to produce radionuclides, Targets for Cyclotron, Solid target transport syslat R ti,
<br />Logist Dist Equipment June 13, 2016 July 11, 2016
<br />© iT Equipment May 30, 2016 June 13, 2016
<br />Current number Salaries
<br />9 employees (5 Prof FTEs, 3 $ 750,000.00
<br />Number retained
<br />9 employees
<br />Salaries
<br />$ 750,000.00
<br />Number additional
<br />Salaries
<br />50 New Employees in 4 to 5a $1212,000.00 New wages
<br />•
<br />s • •
<br />• • • • •-•
<br />NOTE: Pursuant to IC 64.1- 12.1 -5.1 (d) (2) the
<br />MANUFACTURING
<br />E UIPMENT
<br />R & D EQUIPMENT
<br />LOGIST DIST
<br />IT EQUIPMENT
<br />EQUIPMENT
<br />T
<br />COST of the property is confidential.
<br />COST ;ED
<br />COST ���D
<br />COST ASSESSED
<br />ASSESSED
<br />COST
<br />VALUE
<br />Current values
<br />$2,300,000.00 $1,100,000.00
<br />$150,000.00 $70,000.00
<br />$60,000.00 $25,000.00
<br />$45,000.00 $10,000.00
<br />Pius estimated values of proposed project
<br />$Z780,000.00
<br />$ 50,000.00
<br />$60,000.00
<br />$27,000.00
<br />Less values of any property being replaced
<br />$180,000.00
<br />$15,000.00
<br />L $6,000.00
<br />Net estimated values upon completion of project
<br />$3,700.000.00
<br />$105,000.00 1
<br />$79,000.00
<br />$7,000.00
<br />$30,000.00
<br />Estimated solid waste converted (pounds)
<br />Other benefils:
<br />Estimated hazardous waste converted (pounds)
<br />Local supply of radiopharmaceuticals required by local hospitals and clinics that are expected to be in short supply world wide In the next few years. Enhances the communities
<br />I hereby certify that the representations in this statement are true.
<br />Signature of authorized representative oana oava M�w� s "na Title
<br />Gregory S. Hiatt °N ""0°"` "`�°�°�°""°""" Dale signed (month, day, year)
<br />9 ryM,, President
<br />2!2912016
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