Bill 15-106 Designating 1915 Bendix Drive for purposes of a two (2) year vacant building tax abatement for Appletree Associates, LP

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STATEMENT OF BENEFITS VACANT BUILDING DEDUCTION State Form 65182 (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_15_ PAY 20,E FORM SB -1 / VBD PRIVACY NOTICE The_cosl and`apy speciffc,llidividuars ,salary infom(alloh is 6i r fldenlial; the 4afanceol the filing Is'publlc:recgid P, 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 auditorbefore 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 afterAprll 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 files the Form 322 1VBD 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' Appletree Associates LP Address of taxpayer (rruthberand street oily, state, and ZlPcode) 2180 Hornig Road Philadelphia, PA 19116 Name of contact person Telephone number mal l addess Greg.Warshaw 215 673 -0400 i ..) TEr eg.warshaw @pelgenesis.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolutlod number City of South Bend Common Council Location of property County DLGF taxing district number 1915 Bendix Drive South Bend IN 46628 St. Joseph German, South Bend Description of eligible vacant 6ulldirig that the property owner or tenant will occupy (use addiflonai sheets If necessary). Estimated occupancy date (month, day, year) 64,500 square foot facility including production, warehouse and office space on 4.45 acres adjacent 1/1/2016 to the South Bend Airport. This space has been vacant and for sale and /or lease since the prior Estimated date placed -in -use (month, day, year) tenant (PEI /Genesis, Inc.) moved to its new facility in 2007. SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS A RESULT OF PROPOSED PROJECT Current number Salarles Number retained Selerles Numberaddiflonal Salaries SECTION • TAL COSTANDVALUE OF • • PROJECT REAL ESTATE - IMPROVEMENTS COST ASSESSEQ.VALUE Current values Plus estimated values of proposed project Less values of any property-being replaced Net estimated values °upon completion of project 5 EFFORTS TO SELL •- _--SECTION Described efforts by the owner or previous owner to sell, tease, or rent the building during period of vacancy: This building has been for sale and /or lease since 2007 through numerous brokers. It Is currently listed with Newmark Grubb Cressy & Everett. Show amount for which the building was offered for sale, lease, or rent during period of vacancy. Current listing; Sale $1.5 million: Lease $1.95 PSF NNN, List any other benefits resulting from the occupancy of the eligible vacant building. Increased employment, revitalization of neighborhood "•cct- fp+� FpV�f . e�, g, SECTION • 1 hereby cer`fitq that the represonlations in this statement are true. Signature of oulllddzad:r: resent ti Title Date sigried ( noii(1; day, year) �� Page 1 of 2