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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TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL SUBJECT: VACANT BUILDING PROPERTY TAX ABATEMENT PETITION FOR: Appletree Associates, LP DATE: April 20, 2016 On Wednesday, December 9, 2015, a petition from Appletree Associates, LP was received and subsequently filed with the City Clerk for vacant building property tax abatement consideration for property to be located at 1915 Bendix Drive, South Bend, IN 46628. Pursuant to Chapter 2, Article 6, Section 2 -84.2 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning requirements have been met. The Department of Community Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY ➢ This 64,500 sq. ft. facility includes production, warehouse, and office space on 4.45 acres adjacent to the South Bend Airport and has been vacant since 2007. Royal Adhesive wishes to move into the facility in order to expand their current operations and help revitalize the area. ➢ Total project taxes during two year abatement period — $62,932 ➢ Estimated taxes being abated during two year abatement period — $39,188 ➢ Total taxes to be paid during two year abatement period — $23,744 EMPLOYMENT IMPACT Per the petition, it is estimated that the total project will: ➢ Create zero (0) permanent, full -time and zero (0) p, the two year abatement period, representing a new PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT PAMELA C. MEYER BRIAN PAWLOWSKI payr APR 2 Q 2016 KAREEMAH FOWLER CITY CLERK, SOUTH BEND, IN ECONOMIC RESOURCES AARON KOBE