HomeMy WebLinkAboutConfirming Tax Abatement - 202 South Michigan Street - Various Floors - Key Bank, LLC (The Hinman Company)RESOLUTION
3821-07
Passed by the Common Council of the City of South Bend, Indiana
January 14, 20 08
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
January 15, 20 08
City Clerk
President of Common Council
Approved and signed by me January 16, 20 08
~~j/ / f ~`c` G~1e
City Clerk
RESOLUTION NO. 38ZI -~
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
202 SOUTH MICHIGAN STREET
FLOORS 1, 2, 4, 5, 9 AND 11 TO 14
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A NINE-YEAR REAL
PROPERTY TAX ABATEMENT FOR
KEY SB, LLC (The Hinman Company)
WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas
for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as 202 S.
Michigan Street, South Bend, Indiana, Floors 1, 2, 4, 5, 9 and 11 to 14, and which is more
particularly described as follows:
Lot 47 40' W Cor & Vacated Alley W & Adj & W 40 X 54' Lot 48 Ex Sw Cor O P
So Bend; Lots 47 & 48 Ex W 40' Original Plat So Bend; and 42.18 Ft E End Lot 58
& 19.05 X 42.36 Ft N E Cor Lot 57 O P South Bend
and which has Key Numbers 18-3003-0054; 18-3003-0056; and 18-3003-0044, as an Economic
Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before
the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and
WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrance's
and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic revitalization
area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area
described herein as an Economic Revitalization Area for the purposes of tax abatement. Such
designation is for Real property tax abatement only and is limited to two (2) calendar years from the
date of adoption of the Declaratory Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is qualified for and
is granted Real property tax deduction for a period of 9 years, and further determines that the
petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the
Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South
Bend and Indiana Code 6-1.1-12 et se .
SECTION III. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approved by the Mayor.
d
Member of the o mon Council
SBDS02 RJD 31630w1
PRESENTED ~~ '' 1 ~-~ a
Filed In Cleric's ®ffice
F,~ AY 2 S X001
JOH1i VOORDE
C17Y CLERK, S0.8Etr'0, IN.
NOT APPROVED + -2
ADOPTED ~,''\L+" 0
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
07-80 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 202 SOUTH
MICHIGAN STREET FLOORS 1,2,4,5,9 AND 11 TO 14 AS AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A NINE-
YEAR REAL PROPERTY TAX ABATEMENT FOR KEY SB, LLC, THE
HINMAN COMPANY
Respectfully report that they have examined the matter and that in their opinion, this bill is
being recommended to the full Council with a favorite recommendation, the reason for the
confirming being at committee was to review the memorandum of agreement which was
approved.
Derek D. Dieter
Chairperson. Committee of the Whole
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
PHONE 574/ 235-9371
FAx 574/235-9021
TDD 574/ 235-5567
May 1, 2007 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY ~L ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
Council Member Derek D. Dieter, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Commercial Real Property Tax Abatement Petition for:
KEY SB, LLC (The Hinman Company)
Dear Council Member Dieter:
Please find attached the Department of Community & Economic Development's report on a
commercial real property tax abatement petition for the above-referenced petitioner for renovation
of a facility located at 202 S. Michigan Street. Also attached is a copy of the petition, Statement of
Benefits form, and supporting information.
The report contains the Department's findings relative to the above petition. The petitioner, Key SB,
LLC (The Hinman Company) proposes to renovate portions of the Key Tower Building in order to
accommodate a new tenant, Bakers & Daniels. The total cost of the renovation work is estimated to
be $5,951,680. Please Note: The application includes a request for a waiver for part of the
renovation work that has already received two building permits. All of the work authorized
under one of those permits has been completed. Key SB, LLC is seeking a ten (10) year real
property tax abatement, and a representative of Key SB, LLC will be available to meet with the
Committee on Monday, May 14, 2007.
Should you or any of the other Council members have any questions concerning the report, or need
additional information, please feel free to call me at 235-5835.
Sincerely,
Bob Mathia
Economic Development
Attachments
cc: South Bend Common Council Members
Filed to Cterk's Q~fice
t,1AY 2 2007
JOHN VSO RBEND, tN.
Cl'n CLEaK,
Mayor Stephen Luecke
Jeff Gibnev/Don Inks
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HC PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235-9660 574/235-9371 ELIZABETH LEON.+RD
FAX: 574/235-9697 574/235-9371
TAX ABATEMENT REPOR T
TO: SOUTH BEND COMMON COUNCIL
FROM: BOB MATHIA
SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR:
KEY SB, LLC (The Hinman Company)
DATE: May 1, 2007
On April 16, 2007, a petition for real property tax abatement consideration for the renovation of
property located at 202 S. Michigan Street was filed with the City Clerk by Key SB, LLC (The
Hinman Company). Please Note: The application includes a request for a waiver for part of the
renovation work that has already received hvo building permits. All of the work authorized
under one of those permits has been completed. Pursuant to Chapter 2, Article 6, Section 2-82 of
the Municipal Code of the City of South Bend, this petition was referred to the Department of
Community and Economic Development 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 and Economic Development has reviewed the petition, investigated
the area, and makes the following report.
PROJECT SUMMARY
The rehabilitation project includes interior office space remodeling and exterior renovation to the
Key Tower Building as well as renovation to the adjacent Plaza .Courtyard. The office space
remodeling includes the build out of 32,952 sq. ft. on the 11`n, 12`n, 13`n and 14`n floors for the new
tenant, Bakers & Daniels. It also includes the build out of 3,300 sq. ft. of office space on the 9`n
floor, necessary to relocate tenant, Stiffel, Nicolaus & Company, for the B&D move in. Finally, the
ground floor lobby of the building will be renovated to provide additional and improved entry space.
Exterior renovations include installing new "Key Bank" and "Baker & Daniels, LLC" signage near
the top of the building, the addition of facade and coloring to the building and installing an awning to
the north side of the building. The Plaza Courtyard improvements will include a green space. These
South Bend Common Council
RE: Tax Abatement for Key SB, LLC (The Hinman Company)
May 1, 2007
Page 2
renovations are all necessary to bring the Key Tower Building to class "A" space and make it
possible for Baker & Daniels to be a long term tenant in the downtown South Bend Building.
A total of $5,951,680 will be invested in the project.
Please note that two building permits (Nos. 105995 and 106222), valued at $477,000, have been
issued for a portion of the renovation work. The work authorized under Permit No. 105995
has been completed. The permits are for work on the 2"d, 4th and 5th floors. The work under
both permits is ineligible for a tax abatement, however, the applicant is requesting the
Common Council to waive the Condition Precedent requiring approval of the abatement
application prior to obtaining a building permit and approve the abatement application with
this work included. If the waiver request cannot be approved the applicant is requesting the
Common Council to approve a tax abatement without the waiver in the amount of $5,474,680.
If the waiver is approved total taxes to be abated during the nine (9) year abatement period are
estimated at $1,012,426. Total taxes to be paid during the nine (9) year abatement period are
estimated at $824,636. If the waiver is not approved total taxes to be abated during the nine (9) year
abatement period are estimated at $931,283. Total taxes to be paid during the nine (9) year
abatement period are estimated at $758,548.
EMPLOYMENT IMPACT
Per the petition, it is estimated that the total project will create four (4) new, permanent, full-time
jobs in the first year of production representing a new annual payroll of $406,000. The project will
also maintain 49 existing, permanent full-time jobs representing an annual payroll of $2,986,470.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted finds that the petitioner has not been granted
or associated with any previous tax abatements:
2. The Building Commissioner has reviewed the petition and finds the property to be properly
zoned for the proposed project. As noted the Commissioner has found that two (2) building
permits have been issued for a portion of the total work.
3. A review of the South Bend Redevelopment designation areas finds that the property is located
in the Central Development Area, which is a Tax Incremental Allocation Area; therefore, the
petition for real property tax abatement must first be approved by the South Bend
Redevelopment Commission.
4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner does meet the
qualifications for nine (9) year real property tax abatement under Section 2-82, Office
Rehabilitation -Central Business District for work valued up to $5,474,680. If the two building
permits had not been pulled the total value of the work would be $5,591,680.
Tax Abatement Schedule prepared for: 3o-May-o7
KEY SB, LLC (The Hinman Company )
WITHOUT WAIVER
South Bend Portage Township 9 Year Real Property Abatement Schedule*
Total estimated Project Cost: $5,474,680
Base Assessed Value: $4,653,478
(base assessed value is estimated at 85% of project cost)
Assume constant tax rate of: 5.1524%
Assume constant SRTC of: 21.6906%
Assessed Gross Less Net Percent Tax Tax
Year Value Tax SRTC Tax Abated Abated Paid
1 $4,653,478 $239,766 $52,007 $187,759 100% $187,759 $0
2 4,653,478 239,766 52,007 187,759 88% 165,228 22,531
3 4,653,478 239,766 52,007 187,759 77% 144,574 43,185
4 4,653,478 239,766 52,007 187,759 66% 123,921 63,838
5 4,653,478 239,766 52,007 187,759 55% 103,267 84,492
6 4,653,478 239,766 52,007 187,759 44% 82,614 105,145
7 4,653,478 239,766 52,007 187,759 33% 61,960 125,799
8 4,653,478 239,766 52,007 187,759 22% 41,307 146,452
9 4,653,478 239,766 52,007 187,759 11% 20,653 167,106
$1,689,831 $931,283 $758,548
Total Taxes Due During Abatement: $1,689,831
Total Taxes Abated During Abatement: 931,283
Total Taxes Paid During Abatement: 758,548
* -This schedule is for estimation purposes only and a ssumes constant tax rates.
The true tax values will ultimately be determi ned by the actual
assessed valuation and the then current tax rates.
Tax Abatement Schedule prepared for: 3o-May-o~
KEY SB, LLC (The Hinman Company)
WITH WAIVER
South Bend Porfage Township 9 Year Real Property Abatement Schedule*
Total estimated Project Cost: $5,951,680
Base Assessed Value: $5,058,928
(base assessed value is estimated at 85% of project cost)
Assume constant tax rate of: 5.1524%
Assume constant SRTC of: 21.6906%
Assessed Gross Less Net Percent Tax Tax
Year Value Tax SRTC Tax Abated Abated Paid
1 $5,058,928 $260,656 $56,538 $204,118 100% $204,118 $0
2 5,058,928 260,656 56,538 204,118 88% 179,624 24,494
3 5,058,928 260,656 56,538 204,118 77% 157,171 46,947
4 5,058,928. 260,656 56,538 204,118 66% 134,718 69,400
5 ~ 5,058,928 260,656 56,538 204,118 55% 112,265 91,853
6 5,058,928 260,656 56,538 204,118 44% 89,812 114,306
7 5,058,928 260,656 56,538 204,118 33% 67,359 136,759
8 5,058,928 260,656 56,538 204,118 22% 44,906 159,212
9 5,058,928 260,656 56,538 204,118 11% 22,453 181,665
$1,837,062 $1,012,426 $824,636
Total Taxes Due During Abatement: $1,837,062
Total Taxes Abated During Abatement: 1,012,426
Total Taxes Paid During Ab atement: 824,636
* -This schedule is for estimation purposes only and assumes constant tax rates.
The true tax values will ultimately be determined by the actual
assessed valuation and the then current tax rates.
KEY SB, LLC (THE HINMAN COMPANY)
Public Benefit Points Summary'
Qualify
Public Benefit Item: Y or N
Proiect Related:
1. A. Redevelop a Site that has Special Needs N
B. Develop Based on Local University Research N
C. Achieve a Physical Element of a Plan Y
Sub-total Project Related:
2. Super Size Protects (point values are cumulative):
A. 100% to 199% Y
B. 200% to 299% Y
C. 300% to 399% Y
D. 400% and Over Y
Sub-total Super Size Projects:
3. Construction Related:
A. Employ Local Companies N
B. Purchase Materials from Local Companies N
C. Require Employees vs. Independent Contracts Y
D. Require Target Wage Levels N
E. Require Health Benefits N
F. Require Pension Benefits N
G. Maintain Affirmative Action Plan N
Sub-total Construction Related:
4. Wage & Benefit Related:
A. Pay Target Wage Levels Y
B. Provide Health Benefits Y
C. Provide Pension Benefits Y
D. Provide Training Y
E. Provide Child Care N
F. Provide Transportation Assistance N
G. Provide Employer Assisted Housing program N
Sub-total Wage 8 Benefit Related:
5. Workforce Related:
A. Create New Jobs Y
B. Retain Existing Jobs Y
C. Maintain Affirmative Action Plan Y
D. Provide Targeted Hiring Preference Y
Sub-total Workforce Related:
6. Pay for Municipal Infrastructure: (point values are cumulative):
A. Pay for Oversizing or Upgrading N
B. Pay for 26-50% of Extension Cost N
C. Pay for 51-75% of Extension Cost N
D. Pay for 76-100% of Extension Cost N
Sub-total Infrastructure Related:
7. Support a Municipal Facility:
A. Support a Municipal Facility Y
Total Public Benefit Points:
Earned
Points
0
0
36
36
30-May-07
Available
Points
49
35
36
120
25 25
68 68
65 65
52 52
210 210
0
0
19
0
0
0
0
20
20
19
22
22
18
20
19
33
34
29
28
0
0
0
141
33
34
29
28
15
14
9
162
42
41
35
34
42
41
35
34
152
152
0 14
0 26
0 39
0 52
0 131
84 84
625 1000
Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
KEY SB, LLC (THE HINMAN COMPANY)
Additional Years of Abatement
Multi-family Development Projects:
From To Additional Years
0 141 0
142 183 1
184 225 2
226 267 3
268 309 4
310 351 5
352 393 6
394 & over 7
Other Development Projects:
From To Additional Years
0 300 0
301 357 1
358 414 2
415 471 3
472 528 4
529 585 5
586 642 6
643 1000 7
Subtotal-from Points Summary: 625
Base Years of Abatement
Additional Years of Abatement: 6
Total Years of Abatement:
r
CITY OF SOUTH BEND
PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of real property, located within the City of South Bend,
hereby petition the Common Council of the City of South Bend for real property tax
abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et seq., and South Bend
Municipal Code Sec. 2-76 et sea., for this petition states the following:
1. Describe the proposed redevelopment or rehabilitation project, including
information about physical improvements to be made, the proposed use of the
improvements, and a general statement as to the importance of the project to
your business:
SEE ATTACHED EXHIBIT "C"
PARAGRAPH 1
Land Size .73x1
acres; Building Size 116,635
sq.ft.
2. Describe the overall nature of the business and of the operations occurring at
the Property (attach additional sheet if more space is needed):
SEE ATTACHED EXHIBIT "C"
PARAGRAPH 2
3. Estimate the dollar value of the project (excluding land): $ 5,95i,6so
* hSPEC~AL EE$CEPTION.REQUESTED - $477,000 worth of the project dollar value
as uilding permit.
4. The current assessed valuation of the real property before rehabilitation,
redevelopment, economic revitalization, or improvement: $ 3 ~ 390, soo
5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned
(Rev 8/11/03) 1
or to be owned by the following individuals or corporations (if the business organization
is publicly held, indicate also the name of the corporate parent, if any, and the name under
which the corporation has filed with the Securities and Exchange Commission):
NAME ADD~tESS INTEREST(%)
KEY SB, LLC .750 Trade Center Way 1007
C/0 The Hinman. Comp any ~ Suite 100
Kalamazoo, MI 49002 .
(b) The following other person(s) lease, intend to lease, or have an option to buy the Property
(include corporate information as required in 5(a) above, if applicable);
NAME ADDRESS INTEREST (%)
See Attached I'xhibit "D" for list of tenant names, none of
which have an option to purchase.
6'. The commonly known address of the Property is: 202 s. Michigan st.
:.South Bend, IN '
7. The Key Number(s) of said property is:
18-3003-0054, 18-3003-0056, 18-3003-0044
8. A legal description of the above address is :attached hereto, marked "Exhibit
.A," and incorporated herein. ~ ~ ..
9. A map and/or plat describing the Property is attached hereto, marked "Exhibit
B," and incorporated herein.
10. Photographs of the property, taken within two.(2) weeks of. filing of this petition,'
are attached hereto, marked "Exhibit C," and incorporated herein..
11: The redevelopment or rehabilitation project itself.will create " 4 ~ full-time.and
part-time permanent jobs within the -first year, . representing a .new
annual payroll of $ $406,000 and will maintain 49 existing permanent
full-time and existing permanent part-time jobs including existing
permanent full-time minority employment of and existing permanent part-
time .minority employment ofwith an annual payroll of $ 2, 9s6, 4.70
This number does not include partners.. ~ .
12. The projected annual salaries for each new position indicated above are
estimated to be as follows (If more space is needed, please attach.a separate
sheet):,
(3) Attorneys $122,000 AVG
(Rev 8!11/03) (1) Sectetary $40,000 2
13. ~ Provide current employment wage information including; base rate; cost-of-
living allowances, hazardous-duty pay, incentive pay including commissions
and production bonuses, on-call pay and tips. Do Not Include; back pay, jury
duty pay, overtime pay, severance pay, shift differentials, non-production
bonuses, and tuition reimbursements (average hourly rate or range):
Full-Time Part-Time
(See Attached) Laborers ~ $ $
ExxzBZT "E" Technical $ $
Managerial $ $
Administrative $ $
14. Indicate whether your company provides the following benefits (use Y/N):
x Health Care Benefits
~- Pension Plan
x Employer Provided Training (recognized or certified training/educational
courses or programs}
Day Care (provide or contribute to the cost of child day care for its
employees) -
Transportation Assistance (provide direct or indirect support and
assistance to its employees without private transportation to get back
and forth from residence to place of employment)
Employer-Assisted Housing Program (provide an employer-assisted
home ownership program)
x Targeted Hiring Preference (provide. hiring preference for residents
of Census Tracts designated by the Community & Economic
Development Dept. that have the highest unemployment or the
highest percentage of low and moderate income individuals).
(Additional information may be requested for verification of the above
items)
15. List the real and personal property taxes paid at the location during the
previous five years, whether paid by the current owner or a previous owner:
Year Real Property Taxes Personal Property Taxes
(Rev 8/11/03) 3
2002 $120,694.72
2003 $150,135.48
~IIUt`-
2005 $134,402.38
1 1,032.88
(this information may be obtained from the St. Joseph County Treasurers office 235-
9531)
16. Please list the number of full-time and part-time minority employees for each
of the last three years:
Year a00~ 200 ~OO(v
Full Part Full Part Full- Part
Black
Hispanic ~
Asian
Indian ~ ~
Other
17. Does your business maintain an affirmative action plan or other similar plan
in order to achieve racial diversity? If yes, please briefly indicate specific
goals, objectives, and means as designated by your plan:
SEE ATTACHED EXHIBIT "F"
18. Indicate whether or not your project meets any of the following criteria
(contact Community 8~ Economic Development Dept. 235-9335 for information on
this section):
N° Conversion to residential use of a commercial "Eligible Building" as
designated by the Community & Economic Development Dept.
NO Rehabilitation of a building that is either designated as a National
Register or local landmark or is eligible for nomination as one, located
in a National Register oc local landmark district, or rated as
Outstanding or Significant in the most recent Historic Preservation
N° .Commission county wide survey.
Rehabilitation and reuse of a property that is designated a Problem
No Property by the Community and Economic Development Department
Pays for the cost of cleaning up a "Brownfield," which is any site,
building facility or complex that has been designated a brownfield by the
(Rev 8/11/03) 4
-Community and Economic Development Departmerit.
Yes Achieves a physical element identified in a development or revitalization
plan that has been approved by the Council -court Yard Purchase
and improvement by the City
19. Is your business based upon licensing intellectual .property from research
conducted at a public or private_university, college, or community college located
within St. Joseph County, Indiana? If yes, please include a description of the
research based aspects of the business (attach additional sheet if more space is
needed):
No
20. oes your business financially support a Municipal Facility (i.e. municipally
owned park, recreation center, cultural, arts, or entertainment facility)?
Yes South Bend Regional, Musenmm_o£`Art, Palais Royale
21. Is your company incurring any of the cost of extension or oversizing of municipal
infrastructure serving the project site? This includes water, sewer, drainage
facilities, wastewater treatment facilities, road and street improvements,- street
lighting, traffic control and related public improvements (attach additional sheet if
more space is needed):
No
22 nformation is required on the companies~through which construction materials
will be purchased for the project. (Please complete the table on pa e $ of this
application). ~ - -
SEE ATTACHED EXHIBIT "G" .
23. Information is required on the construction companies that will be utilized for
construction of the project. (Please complete .the table on oage 9 of this
application). = ~--
- SEE ATTACHED EXHIBIT "G"
24. No building permit has been issued for construction on the property in
connection with the improvement in question as of the date of filing of .this
petition. (The Property Owners .signature. at the end of this application is
(Rev 8/I 1/03) 5
verification of this statement).
25. The Standard Industrial Classification (SIC) or .North American Industry
Classification Systems (NAfCS) major group within which the proposed project
would be classified, by number and description:
5~f-~c~
26. The Internal Revenue Service Code of Principal Business Activity by which the
proposed project would be classified, by number and description:
27. The current use of the Property.is Multi-Tenant Office slag and the
.current zoning is can (use) and (height and area).
(This information maybe obtained from the Building Department 235-9554).
28. as your- business been granted previous tax abatement(s)? If yes; please
provide type (real and/or personal property) and date of approval.
NO
29. Other anticipated public financing, for the project including, if any, industrial
revenue-bonding to be sought or already authorized, assistance through the'
United States Department of Housing and Urban Development funds from the
City of South Bend, Small Business Association Sections 503 and 504 financing
through the Business Development Corporation of South Bend, Mishawaka, and
St. Joseph County, Indiana, Industrial Revolving Fund, Neighborhood Business
Development Corporation, Corporation for- Entrepreneurial Development; or.
other public financial. assistance, including but not limited to public works
improvements.
None
30. The following person(s) should be contacted as Petitioner's agent regarding
additional information and public hearing notifications:
(Rev s/i l/0;) S
Name: Jamie Wade / Shawn Todd
` Address: CB Richard Ellis 202 S. Michigan
City, State, Zip__south Bend, IN 46350 .
Telephone: (574) 237-6000
31. Please indicate the ,name, address, and telephone number of the person who
will work with Employment Training Services (ETS) for employee recruitment,
and sign the ETS form attached to the petition if the real tax abatement is for
warehouse or industrial developments.
Name: ~ .
Address: N/A
City, State, Zip:
Telephone: -
WHEREFORE, Petitioner requests that the Common Council of the City of South
Berid, Indiana, adopt a declaratory resolution designating the area described herein
to .be an economic revitalization area for purposes of tangible real property tax
abatement consideration, and after publication of notice and, public hearing,
determine qualifications for an economic revitalization area have been met, and
confirm such resolution. Petitioner herein hereby verifes that the required $250.00
fi-ling fee to cover processing and administrative costs pursuant to Section 2-84.7 of
the Municipal Code of the .City of South Bend has been paid in full.
Name of Property Owner(s):
The HINMAN COMPANY (operating building as Key SB, LLC)
c/o CBRE South Bend- +
By: .G!~~
(S' ed Name)
Jamie Wade fiBRE as agent for The Hinman Company.
(Typed or printed name and capacity of signor if
signed by an agent or representative of the
owner.)
(Rev 8/1 l/0,) 7
~ilcd In Clerk's C3i~ice
APR 1 9 2007
JQ!'2d UOORDE
CITY CLEriK, SQ. 2E~!D, IN.
22. In the following chart please indicate companies that were used for purchasing materials used in the construction or rehabilitation
associated with the project. Include the location of the company, description of the materials, and cost of the materials. Local companies
include those located in St. Joseph County. Additional information maybe requested for verification of this information. (Ifmore space
is needed, please photocopy this page)
Of
Name and Address of Company Description of Materials Cost of Materials Grand Total
Local Companies (see above).
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Total Local
"/°
Non-Local Companies:
1.
2.
3.
4.
5.
Total Non-Local
GRAND TOTAL
(Rev 12/29/06) $
~`-;~~' try Cl~~'~~'~ O~~ic~
APR 1 9 2007
Jvii~~ 1f~v 41lyl.
Ci~ r.~trti~~ ~Q. S~~r'A~ ~i~.
23. In the following chart please list the companies that will be used for the construction associated with the project. Indicate the name and
address of each company; list the dollar amount of the work to be provided by each company; indicate whether or not 100% of the workers
are employees of that company and not independent contractors; indicate whether or not the company pays workers wages that meet the
wage rates for each classification of laborers and mechanics published by the U.S. Department of Labor; indicate whether or not the
company contributes to a health plan for its employees; indicate whether or not the company contributes to a pension plan for its
employees; and indicate whether or not the company maintains an affirmative action plan or other similar plan to achieve racial diversity.
Local companies include those located in St. Joseph County. Additional information may be requested for verification of this
information. (If additional space is needed, please photocopy this page).
100% Workers Pay Maintain
are Employees U.S. Dept. Contribute Contribute Affirr~afi~e
Name and Address of Contract (Not Independent Labor Wage to a Health to a Pension Action
__ Construction Company Amount Contractors) Rate (Y/N) Plan (Y/N) Plan !Y/N) Plan(YIN1
Local Companies (see above).
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Total Local
Non-Local Companies:
1.
2.
3.
4.
5.
Total Non-Local
Non-Local Companies:
GRAND TOTAL
Non-Local Companies:
Total Project Cost from Petition
Difference (Please explain):
(Rev 12/29/06)
9
File {~ ~1~~'°~' ~~'~i~~
APR 1 9 2CC7
~c:~r~ voa~~=_
CITY Cl.~iK, SQ. B.'t:'J, IN.
EXHIBIT A
_ - __ _ _ _ _
4 i
~ k ~;
,,~...
"' .:
~~ ~ =, s~ .
„~ ,
.___p: .~
~~ ~ ~ ~._ ~ ~~~ a,
,,..
- --~=-, -
t* ~! ~ ( 7
~~. _
Ali _ ~ ~~~ ~ ~
,.x<;<r~. ~ ,
1 f _
~ _- ~ ~
.~ ;
~ ~~
_ _ ., e_ _ ... _ -_~___ , .__ _ .~~_ ~,~
;PARCELID I b-003-0054
PARCELSTAT 710812158010000026
PUGET OF TEXAS INC'
TA~i ORiSER
- I~E,Y SB, LLC % THE
HINNIAN CO
STREET P O Box 50751
CTTY Kalamazoo
STATE MI
s _ -- ~ _.____
:ZIP _ ._ _~ __ _ __-- . , m_t
4900
TIFAREAUID 101
REAI.RESII~IP 0
CREATEYEAR 1971
.PROP ADDR VAC LOT ST JOSEPH'
PROP CITY South Bend
PROP STATE IN
PROP_ZII' 46601
_ ~ ~ ~~~ ~~ - ~ Lot 47 40' W Cor ~.
'LEGALDESCR ~ Vacated Alley W & Adj
& W 40 X 54' Lot 48 Ex
Sv~~ Cor O P So Bend
PARCELID 18-5003-0056
PARCELSTAT 710812158011000026
..,_.__..... _ _ __ _._ __ PUG ~~~ ~.~- _ .._ w _~.,__.~
ET OF TEXAS INC °io
iTA_K O~~'NER THE HII~1I~4AN COMPANY`
ATTN: RICH MACDONALD
STREET P O Box 50751
.CITY Kalamazoo
STATE MI
~___ __. _ _ ~-T. _
ZIP _ . , ___ _n___ __ a_ __
~ 49005
TIFAREAUID 101
REALRESIMP~ ~ ~ 0;
CREATEYEAR 1971
fPR P ADDR Y~ ~T~~~~--~~~02 D4ICHIGAN
PROP CITY South Bend
PROP STATE - ". _ _ ___ ~.~~_
~.~~..~ _._~~,___~ .~ _4 _ _ __._ .:~~..
PROP ZIP 46601
'LEGALDESCR' ~ ~ Lots 47 & 48 Ex W 40'
Orieinal Plat 5o Bend
i~ilc~ to CI~~'ib'~ ~3~iice
APO 1 9 2v~7
ao~rl vooaoE
CITY CLEnK, &0. BEr;D, !N.
;PARCELID 18-3003-004d
PARCELSTAT 710812158009000026
°TAX O~'4'NER PUGETOF TEAS INC.
STRI~ET P O Box 50751
CITY Ka3amazoo
STATE MI
kZII' 49005
TII?.AREAUID 101.
__
REALRESIMP
0
CRE:ITEYEAR 1971
TROP ADDR VU 112 E JEFEfiRSON
PROP CITY South Bend
PPROP STATE IN
PROP_ZIP 46601
42.18 FtE End Lot 58&
LEGALDESCR 19.05 X 4236 Ft N E Cor
Lot 57 O P South Bend
APR ~ g 201
~o;z1 v;u:~~ot, 1~.
1.~itiC, sU, ~t;4D~~:~
C!~ 1
~X H' ~,T ~ LA SALLt ~-- -~-
1us ., . ,.
' 1 4 .A q
~ ^;~ o .,
_p299 ~
/-0040 ~ ~ .~40_~.~ 8"5003
_ _0041
lep;.:~ S IS
300 2 _po41 ~ I - ~ <r S
3c : -" ' 6 0
1008 0042 - IB-1002 ~; ~~v O
269.0
o P N
c3,s ~
-0051 -o
' 2
. r I .
.T 914.:
D
v
_ rarr~DT IB- 1002
g _ _..~
_0051
B /,
A.o~os.o~ _
- ~ ~ 18-1002 ~~ 8
R 5 ,,;
- -1_~ - 1-DD.D
~
059
1008
-0330
A
19°
e-_0!!
7 IB_
I 9 ` -D N
440,07
Z
W AVE. ,: ~ COLFAX
m
~4 94 m x 95-
73
165 4o5.n ' .
'.
~
~ L 0072 ° . -
g
° o
b ~: 9474. DI '
•0075 ~ ,/
4
"'
~
,c$_DDTSD'
u _ 199. oG _
18-3091 ~ ~* ..
°
--
_ 0 3091
IB
/os .,
~
~G r ~ 3
7G
--0
0 o ~ ~¢74.02
~! RF. -3474.01
a
A
p
O I~~+L
a „
~
n 4H
W
~~
Go - 077 '^ ~
/ ~
o i/e ly
5
°
' e ~ / ~< 5.0.57 ~--
-
-
-
lGS.ODeO ~~ 4o4.eG 13771 ELEVATI
°o r45 f31't' ,,,W,4SH/NGTONh ~EDEST
VAL^ VI
N
m o
sr
~ ~ c
'- ST.
164`58^ _
. .
_
..IT~.
_
.. ._ 95
- ~ . ~p7 Al -397f.05
a B -0190.01 ~ ~ ~ PIA4-3AT9.06
_
. ~ _ ~
IB-3091 N
_ ~
n 164.99
99
18 r ~ 1e-3091 _
.
~ V .-><I 168.57
~
ti
~ 131_
0013.Ofi ': r
M ~-ODM
~jp
JLJ V
A - 0190 N ~---
f4.oorc^ -0015 -00x4
a T WI
3Of}E 18-3001 = °
~~ ~ `
41 -oon
40 W 30
34554 /c5 ~ ~ m/0T O 95
`~ ~n JEFFERSON
BLVD. ~ ,ri '^
~ ~ ~ et va.
.ea nl n2.e ~a.1e ~ s! n~
IG5 ~ ^^ al.'i~ow.ll : •1 IGS B5
~2B3
{,P-0449 °
"oXU 4.0411.0: '" n'-7~'=~1'L.- - z, ITBZ
19.3 •0236 0 ~-_--- ~" q -0047 -
"` • e
292 ~$ -0044 ~ u ~ p04B ~ `j 49 0 -0057 s
~ o ,,, u
lGS I IG5 ! 1G5 -
!G5 IG5 = 1G5 ~
29 / • 28G -0445 ~ "~, 55-0049; 50-cc5e
-0446 ,7~
0~4? ~~ 5!
29~ "0239 -2~=___- -TO ~--
-0448 ~ -0051
-0449 ~ --53 '005ZP 52 n
289 I u
.,,vg, 0150 m~'~ 0053 IG5 H5
/G5 1 G5 m 75
90
- a99.G~ .G5 T .
!G5 4 v 51 e5 ; Q. 483.81 c
i w
°o l ~' 9 oa7G`~ Q 18-3091 w
I ~a
h ~
-oa7a.o1
O n
305 ~3C~ ,e _..
- ~
GI GB 110
~~ ca I _ 1, .. ~ 1~9.e
G v -0059 g p 1 ° /167
Svc' --'" `~'° I
v °
p m
'~
P -DOD .DI I
-..A(~- -~
~'
v'E1 I 20
179.5
~
~ n •0071. D I
_ .DDGI -~
v ~1
~ ,~ 0051.00 ~ ,~, '
1 v 188.70
v.e
- ,..
-
I .
190.7
~SCe'u ~'l-aoe7 71 g
9 ~
I ~ 24 -0c
0
°_ ~ z-ooze B
- I ~c.7
Z3 -
Q 3 18-
Q
eo~
03 7 ~
1 I I
1.
23
1GG.9
ose
~
~ o
~
1 ,,
u o ~ . ~PG
4 0 ,~ ~s ° o d `O '14
~
IoB.T G ~
19 •5,5 X5.5
fns
~- -~--U.S.20 -1-~
1
1
1
°• 1
e
~l
O
W
0
~ ,-0001
,~, _~
\,o\\~
18-3090 I- 3479
9.6 6
\O\ -
~\
\~-~~
~~
JET
\,
-c
a
v ~ ~~ .,~:
IG5 l o ~ rG5 ~, ~ ~ 3
I~ ~~ -DO7C ~ ~ ~ 3474.02 ~ pf, -3474.0!
-0330 ~° a, a
Go - 077 '~ ~ ~' f
~ ~ 85. .o Ct - - ~
n "' { ~ r l ~D l,o V ~ I ~i
I 342.57 --B.r'--
~9 p •o ~ p ~ 75 _B 3<
Q *.
lG5 0 ~ { ~ IG5 '0080 a~ = 404.86 !37.71 \ o
ELEVATE \ d
76,5 Iq. 4p !2s r3 J. i4 jygSH/NGTON~., PEDEST IAN \/~
.5 5 N ~ ~ J!. - ~ ~ WALKMA Y
sT.
m
I _73 ~ 95 ~ /~
IG5
~ 164.56
_
:. ~pTAA -~4I9
OJ
-17~D7 ~
~
•
a B - 0190' OI
M N
~ ~
ar
': PIAA-3474.05
- ..a. .
~
18-3091 ~-°
N
~ i6-3006 164.99 ~
~ ~ -
3091
18
7 Is4.s9 r - -
- o J ,t,o
. ~ .-soot = 168.57
'o
0 .:,.
4'-SA- 0013.01'na.r
~
~9
A - 019 0 ''
"' '^; ~y~„_oo~4 ~8 ~
4
=
P Fr.coaR _oor5 00
'DO/
~' m ~I- 18-3001 =
.
.`~ ~i
`~
~ 4 l -oor7 ~ 40 ~ 3
~
~
/GS 4a
i Q] !27 0 95
3 i 5.54 ~
- --- - - ------- -_ - - - ~ ~ .~ /EFfFRSON
BLVD. ri ,ri
~ °o
~ BL VD. Q,
44 l2 J 122.8 4~. J8 ! 54 /25
IG5 ~ JG5
1
294 283
1
-0643
293 -023 ~ ~ ~g~0942.01
o~._____
1
292 ~ j -0244 ~
I
lG5 IG5
S
IG5
29~ a
IG5
2B(p -0245 v ~`
-D~4G
290 -0239 2~ x_0247_
-0248
289
, -049 "
~~ - 0250 u
IG5 ! G5 `
• 1tic Dr _
~ , v !G5 8s
ee ~?+Gowa I `r k 0147
~ „ ~ R -0056 n
~ m_
~ _ ~~-•' ~..z~ Z 148
Rn ~ _nnQ7 I ~ ~
h
h
eoat-~o~~ T3
..eW
44 3G BS
/G5 4 IG
.~OCc-o2~oB I ~ ~ 027
q -0278.0! ~^-
_ r
3 05 .~1 ~L _ _ _ r
_nn'7R n0 ~~
h
sr. ~ ~ ~ WAYNE
244.6' 994.65 -
Q 263.81 :~ o 'n
Q ~ a
Q- 18-3091 a
i - ~~
a'
~ ~
m
.~y.. r
~Sy
0
- ~:
~~
~'~
t '
.,;
~„~
~s~ ~
c-
.
a,~ ~
r-J
~.:v
'!
-~~
~^ ~~
~' `?
- ~ ~a
U,~ ,
'a
~a
ti
`' -3474
6,72
18-3
~~~
~~
IS-3089
-3475
2.53 ~~.!
"~I
_ a8Y