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HomeMy WebLinkAbout18-65 Confirming Nikanth, LLC Tax AbatementFiled in Clerk's Office OCT 1720 88 KAREEMAH FOWLER CITY CLERK, SOUTH BEND, IN Ca ITY OF SOUTHBEND COMMUNITY INVESTMENT JAMES MUELLER, EXECUTIVE DIRECTOR October 17, 2018 Council Member Gavin Ferlic, Chairperson Community Investment Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Real Property Tax Abatement Petition for: Nilkanth, LLC Dear Council Member Ferlic: Please find attached the Department of Community Investment's report on a real property tax abatement petition for the above -referenced petitioner. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The project calls for the new construction of Dairy Queen Grill & Chill, to be located at 4836 Western Ave, South Bend, IN. The report contains the Department's findings relative to the above petition. The total amount of private investment for the new building construction and land purchase is estimated at $1,660,661. The project meets the qualifications for a seven-year real property tax abatement. A representative from Nilkanth, LLC will be available to meet with the Committee on Monday, October 22"d, 2018. 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 235-5838. Sincerely, Angelina Billo Business Development Manager DANIEL J. BUCKENMEYER ALKEYNA ALDRIDGE PAMELA MEYER TIM CORCORAN BUSINESS DEVELOPMENT ENGAGEMENT & ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING & COMMUNITY RESOURCES EXCELLENCE ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT 1400S County -City Building 227W Jefferson Blvd. I South Bend, Indiana 466011 p 574.235.93711 www.southbendin.gov BILL NO. 18-65 RESOLUTION NO. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4836 Western Ave, South Bend, Indiana 46619 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR Nilkanth, LLC 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 4836 Western Ave, South Bend, Indiana described as follows: Lot 2 Western & Summit Drive Minor Subdivision: THAT PART OF THE SOUTHEAST QUARTER OF SECTION 8, TOWNSHIP 37 NORTH, RANGE 2 EAST, PORTAGE TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA WHICH IS DESCRIBED AS: BEING A PORTION OF LOT # 1 IN THE PLAT OF "WESTERN B.K. MINOR SUBDIVISION" AS RECORDED BY DOCUMENT NO. 1512416 IN THE RECORDS OF THE ST. JOSEPH COUNTY, INDIANA RECORDER'S OFFICE AND MORE PARTICULARLY DESCRIBED AS: BEGINNING AT A POINT ON THE SOUTH RIGHT-OF-WAY LINE OF WESTERN AVENUE WHICH POINT IS SOUTH 89056'49" WEST, A DISTANCE OF 60.00 FEET FROM THE NORTHWEST CORNER OF LOT # 2 IN SAID PLAT; THENCE SOUTH 00°37'39" EAST, A DISTANCE OF 25.00 FEET; THENCE NORTH 89056'49" EAST, A DISTANCE OF 20.00 FEET; THENCE SOUTH 00037'39" EAST, A DISTANCE OF 150.00 FEET; THENCE SOUTH 89°56'49" WEST, A DISTANCE OF 245.07 FEET; THENCE NORTH 00038'45" WEST, A DISTANCE OF 175.00 FEET TO THE SOUTH RIGHT-OF-WAY LINE OF WESTERN AVENUE; THENCE NORTH 89°56'49" EAST ALONG SAID SOUTH LINE, A DISTANCE OF 225.14 FEET TO THE POINT OF BEGINNING. CONTAINING 0.97 ACRES MORE OR LESS. SUBJECT TO ALL LEGAL HIGHWAYS, EASEMENTS AND RESTRICTIONS OF RECORD and which has Key Number 018-4129-504422, and be designated 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 remonstrances 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 three (3) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION Il. The Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for a period of seven (7) years as shown by the schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17 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 sea. Year 1 - 100% Year 2 - 95% Year 3 - 90% Year 4 - 80% Year 5 - 70% Year 6 — 60% Year 7 — 50% 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. Tim Scott, Council President South Bend Common Council Filed in Clerk's Office T— BILL NO. 18-64 OCT KARL-E AH i=O%Ni b RESOLUTION NO. Cl7YCLEB{I, SL H 0ENo, tN A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4836 Western Ave, South Bend, IN 46619 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (7) SEVEN-YEAR REAL PROPERTY TAX ABATEMENT FOR Nilkanth, LLC WHEREAS, a petition for real property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that portions of the property located at 4836 Western Ave, South Bend, Indiana which is more particularly described as follows: Lot 2 Western & Summit Drive Minor Subdivision: THAT PART OF THE SOUTHEAST QUARTER OF SECTION 8, TOWNSHIP 37 NORTH, RANGE 2 EAST, PORTAGE TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA WHICH IS DESCRIBED AS: BEING A PORTION OF LOT # 1 IN THE PLAT OF "WESTERN B.K. MINOR SUBDIVISION" AS RECORDED BY DOCUMENT NO. 1512416 IN THE RECORDS OF THE ST. JOSEPH COUNTY, INDIANA RECORDER'S OFFICE AND MORE PARTICULARLY DESCRIBED AS: BEGINNING AT A POINT ON THE SOUTH RIGHT-OF-WAY LINE OF WESTERN AVENUE WHICH POINT IS SOUTH 89°56'49" WEST, A DISTANCE OF 60.00 FEET FROM THE NORTHWEST CORNER OF LOT # 2 IN SAID PLAT; THENCE SOUTH 00°37'39" EAST, A DISTANCE OF 25.00 FEET; THENCE NORTH 89°56'49" EAST, A DISTANCE OF 20.00 FEET; THENCE SOUTH 00°37'39" EAST, A DISTANCE OF 150.00 FEET; THENCE SOUTH 89°56'49" WEST, A DISTANCE OF 245.07 FEET; THENCE NORTH 00°38'45" WEST, A DISTANCE OF 175.00 FEET TO THE SOUTH RIGHT- OF-WAY LINE OF WESTERN AVENUE; THENCE NORTH 89°56'49" EAST ALONG SAID SOUTH LINE, A DISTANCE OF 225.14 FEET TO THE POINT OF BEGINNING. CONTAINING 0.97 ACRES MORE OR LESS. SUBJECT TO ALL LEGAL HIGHWAYS, EASEMENTS AND RESTRICTIONS OF RECORD and which has Key Number 018-4129-504422, and be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et sec., and South Bend Municipal Code Sections 2-76 et sec., and; WHEREAS, the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, et se ., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development; B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed described redevelopment or rehabilitation; D. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed redevelopment or rehabilitation; E. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and F. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code § 6-1.1-12.1-3. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits, Sections 1 through 3 of the Petition for Real Property Tax Abatement Consideration and the Memorandum of Agreement between the Petitioner and the City of South Bend, and that the Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code § 6-1.1-12.1-3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Community Investment Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to three (3) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of (7) seven years as shown by the schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 95% Year 3 - 90% Year 4 - 80% Year 5 - 70% Year 6 — 60% Year 7 — 50% SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Tim Scott, Council President South Bend Common Council Filed in Clerk's Office OCT 17 2018 KAREEMAH FOWLER CITY CLERIC, SOUTH BEND, IN TAX ABATEMENT REPORT TO: South Bend Common Council FROM: Angelina Billo, Business Development Manager SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: Nilkanth, LLC DATE: October 17, 2018 On Friday October 121h, 2018, a petition from Nilkanth, LLC was received and subsequently filed with the City Clerk for real property tax abatement consideration for property to be located at 4836 Western Ave, South Bend, IN. 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 ➢ New construction of approximately 3,000 sq. ft. Dairy Queen Grill & Chill ➢ The new restaurant will provide service to residents of Western Ave and surrounded area ➢ Estimated taxes being paid during the seven-year abatement period — $61,270 ➢ Estimated taxes being abated during the seven-year abatement period— $90,881 EMPLOYMENT EVIPACT Per the petition, this project will create at least 20 permanent full-time jobs and 25 part-time jobs with a total estimated annual payroll of $741,000. The average hourly wage for new full-time jobs is $11.50. The company is planning to invest approximately $17,500 in employees' training. ABATEMENT UALIMICATION 1. A review of the tax abatements previously granted, finds that the petitioner has not been granted or associated with any previous abatements. 2. The Area Plan Commission has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. The Building Commissioner has reviewed the petition and finds no building permit has been issued. 4. A review of the South Bend Redevelopment designation areas finds that the property is located in the River West Development Area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a (7) seven-year real property tax abatement under section 2-76.4, Add-on Abatement. W r V m co �I N OfN �"'� N O O M tD M ao h r - L N N m m - Omo n 3• ~ N N vpi N v N N m n n N O N } CV3 n N mmmromh V m m � (No � hmM (NO u'i � (O r9 0 ,.-,2 O m h N o O m n r: m r r - I - w m m p o N N ` c m O (O O [O [o N N arm m w m m m m M m m m tilt - r - r N } N V Oi V N N E0 01 N N N N N N N r( 3 � r V d N � U .x_ o M O mO m o m O W p � N T4'1 m m Q) m CDow h a, oncommom [n m m m M m m m M (�f j r h h Z N N N N N O N N N p m O w N u� m rn u u) m - K O O O O O O O O w1 C } vmv h LU 10 N a N o M N O m O M o m 0 m N m N 7 Lo M (7 } INi Lo I- t _ d h O Lo C N N ro m o rn N N LrmN LO to Lo ro d 1�y7 v N O o m O m m 0 o O O a (D or N mLo u) o a © Cl) m N C d Z33 U) o � m o C O m O mE o m M LQ m � v N v N h m y O w -n h h u7 a ¢ a C m C x O O O O co 06 LO LOU Q LO m co �I N OfN �"'� N O O M tD M ao h r - L N N m m - Omo n 3• N (V co O m c :F; r N M V w p h F ( 0 o N ( O O M O � m h ~ N N O n N O N M m h CV3 n zO FWWW mmmromh CSI m � N N � (O r9 0 (p X O m m 0 V m n r: m r r - I - w m m m N N of rl:` Ili oS WS - N c m O (O O [O m O O (O O O CQ n m m m m M m m m tilt - r - r N .��-z hh ri N N E0 01 N N N N N N N r( 3 U .x_ W Q) m CDow 3 v oncommom M Cl) M m m M m m m M (�f j r h h Z N N N N N L C gi - K O O O O O O O O w1 C ~ LU 10 N c :F; r N M V w p h F ( 0 o N ( O O M O � OCA X010 City of South Bend Petition for Incentives Fel must In a $250filing fee payable to the Cltyr Clerk s OJflce or online Ula the City's website at ll robs http.11soulribendln.gov/gauernmellr/confenr/[ax-abatement beforeprocessing can be complete General Information Project Name IDail Queers I Project Number Legal name asreglsic red with Secretary of Nilkanth LLC. gate Business structure Resturant Company wabnto www.Dairyqueen.com proposed Project information Prop as ad pro]act address 4536 Western Ave Parent company name City, State, Zip South Bend, IN 46619 Legal owner Nilkanth Properties LLGM Sita acreage or acreage required 1 Acre is the real estate owned or awed Squarafcetoffacillty 3000 Square Feet If leased by whom N/A primary Contact Information Prim arycompariycontoenanzc Vandna Patel Title President Addres saIfcdmpanVcontact 12422 State Road 23 phone 574-327-9994 City, State,2ip er, IN 46530 Email Vandna michianad .com Gran Senior Official Information Cornpanysetar OMriatnam e Vandna Patel rill President Address ofcompanycant act (itdilferentfro m N/A Phone 574-327-9994 ahry CIty,Stata,2ip N/A Email NIA Consultant InforniatiwAgent Hired buslness consu10ntjagentname NIA consultant release (YINI N/A Address N/A 7�r Local econ arnkdevelopmentpar tners N/A approval y N City,Stata,Zip N/A Email N/A Project 0Verullow Brief description aFyour camp any, project, andwhy the property is necessary for We are planning to build Dairy Queen Griff & Chill 3000, Square feet economlcgrowth standing building with Drive thru that will provide service to resident of Western Ave and surrounded area. We will employ 45 Employees, which consist of 20 full time and 25 part time along with 4 full time management positions. We will build State of the art facility, which will draw people into the area. This will give opportunity to community and people in the area to walk to work and make a better living without transportation. Our vision is to create a place for family comes to celebrate, a place to be. eertifedTechnolaFryParkappropdate NIA fs the project In 3Tax Inrreine ntal Financing N/A TI r IF o ch Certify that the Building Permit has not been N/A Humiserofreside ntialunitscreated by NIA ll If this Is a petition for personal property tax abatement, has N/A thec ui m0nthPon lnst.lied nvestment Details Public Infrastructure needs (Off- I Has any 504 funding been I whntIsthovalue ofany equipment being purchased In site of project In dollars) received? Indiana for the project? What is the value of any equipment being purchased from out of state for the project? $90,000.00 1 $330,000.00 Calendar Year Land Acquisition Bul[ding Lease Payments Purchase Costs Building Construction Extsiing Building Improvements Now Machinery & Equipment Spodal Tooling/Retooling New Furniture/Fixtures New Computer/IT Hardware Naw5okwarc Rail Infrastructure Fiber Infrastructure 2016 2017 2018 2019 2020 2021 2022 2023 225, 00 $0 905,661 $0 00,000 $0 80,000 50,000 $0 $n0 $0 16506 Full -Time Permanent Indiana -Resident Positions by Calendar Year Calendar Year Jobs reIalncd Total hourly Cumulative# of nettLE—Wfulltime Hourly average wage,w1a 7olaltraln1nr Tolallitobe wast!Wo permanentjobs created at project benefits or bonuses, of expenditure- trained -not Mase or cumulative netnewjobs not cumulative honeses cumulative 2o1s 2017 2018 20 11.50/hr 5 2020 2019 _$17 20 11.50/H R 2020 2021 zo2z 2023 2024 2025 2o2s 2027 Provide hourly wage information for new employees in the following positions. Full time Part time taborers 20 24 Technkal 0 0 Managerial 4 1 Admielstrative 1 1hl 0 VO h 0 W I I bet e 791–VIFU7 respo ble totccnr natmgwl Vandna Patel VJdFA0ne on retruilln 7 Does your company have an CEO hbingpollcyi' Are you anMernployerf Yes Yes Please list the number of full time and parttime minority and/or female etnplayees for each of Please describeyour corn mllmentto diversity and Inclusion by detalling your the last three years: outreach and recruitment efforts for the last Year three years as well as current policies. Full Time PartTime Full Time PartTlme Ful IIimr Part Time °lark This will be a new Hispanic -facility/new Aslan development in the Indian area. Female pihor Complete below for Real or Personal Property Tax Abatement only. Please sign for all requested incentives. Public Benefit Item: Information is required on both the construction companies and the waPe &y, aeneut tteiaceo_i—1 e, 4 companies which will provide materials purchased for this project. below with the appropriate information. If quality Earned Points Available Palms Please complete the table (Yes or No) you qualify for the points, please enter the full amount of available B. Provide Health Benefits Yes points. 34 C. 1 Construction Related LContractors No 0 z9 A. Employ Local Companies (75) Yes 20 zo B. Purchase Materials from Local Companies 175%j YES 20 z0 C. Require Employees vs. Independent Contractors Yes 19 19 D. Require PrevailingVdage [Davis Bacon) Yes 22 zz E. Require Health Benefits Yes 22 zz F_ Require Pension Benefits Yes 18 18 G. Maintain Affirmative Action Plan Yes 20 zo Sub -total Construction Related: 9 141 141 2 waPe &y, aeneut tteiaceo_i—1 e, 4 33 33 A. Pay Target Wage Levels Yes B. Provide Health Benefits Yes 34 34 C. Provide r+cnslon Benefits No 0 z9 Yes 28 28 D. Pravlde Training E. Provide cfilld Care Na 15 15 F. provide Trdnsportatlon Assistance Yes 14 14 G. Provide Employer Assisted Housing program No 0 9 sub -total Wage & Benefit Related: 124 162 Workforce Related: 3 A. Create New Jobs Yes 42 az B. Retain Existing jobs Yes 41 41 C. Maintain Affirmative Action Plan Yes— 35 35 Yes 34 34 D. Provide Targeted Hiring Preference Sub -total Workforce Related: 152 1sz 4 Suoaort aMunlcdal FaeRity: Support a SB Municlpal FaclllLy (dUnatlOn5 to the Yes 84 84 A' zoo, conservatory, museum, etc.) Name of Facility Friends of Granger Path Sub -total Municipal Facility: Yes Sub -total from Above: 501 539 The undersigned owner(s) of real property, located within the City of South Bend, herby petition the Common Council of the City of South Bend for a real and/or personal property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, at sea., and South Bend Municipal Cad Sec. 2-76 et se for this petition state the above. Submitted Bv: Vandna Patel ate; 10/09/2018 OCT 12 2019 STATEMENT OF BENEFITS..-.._.,,,... REAL ESTATE IMPROVEMENTS State Form 61767 (136 / 10-14) Prescribed by the Department of Local Government Finance This slalemenl is being completed for real propertythatqualifles under the following Indiana Code (check one box): ❑ Redevelopment or rehabliitallon of real estate Improvements (IC 6-1.1-12.1-4) ❑ Res Identialiy cilatresaed area (iC 6-1.1-12,1-4.1) 20_ PAY 20, FORM SB -1 / Real Property PRIVACY NOTICE Anyy Informatlan e:aneernln0 she cost oft he proyy�eriyy and speclfla salaries pald to 119, V! omploya65 by the pC 4-roperty owner 1s can[1%Mist per II -12.1-5.1. INSTRUCTIONS; 1. This statement must be subrnitled to the body designating the Economic Revitallsat/on Area prior to file public hearing If the designaling body rmqu res Informallon from Iha applicant In making its decision about whether to designate an Economic Revitalization Area. ou)eilvise, this statement mus[ be submitted to the deslgnaling body BEFORE the redavelopmonf orrehablillauon of real properly for which the person wishes to claim a deduction. 2. The statement of benet)ts fern) mus[ be submitted to the desfgnaling body and the area deslgnalad an econon)ic revllalizat/on area hefore the Initiation or the rstatement 0 nt or mhabllilalion far which the person desires to claim a deduction. 3. To ch lain a deduction, a Fcm) 3221RE inns[ be filed with the Counly Audllor before May 10 in the year in wllirh the addition to assessed valowner who made or not later than filkty (3R) days alter the assessment nofica Is malled to the property owner If 11 was mailed anal -April -14. A propedy felled to file a deduction appllcallon within the prescribed deadline n18y Fifa an opplfcallon bettaaen March 1 and May 10 of a subsequent year. 4. A property owner who riles for the deduction must prnvlde fha CounlyAudilor and deslgnaling body 1.1,111) a Form CF-9lReal Property. The Form CF ilReat Property should be attached to the Fomi 3221RE When the deduction is Ars[ claimed and uteri updated annually for each yea rthe deducilon Is appflcable. /C 8-1.1-12.1.5.1(b) de G• d duollon allowed. For Fo my SB 9lReis al Propaity Iha is approved prion to July 1r1ng 013,dths abatement nt schedule approved by the deSignaling body remains in eNect, 1C 6`1.1-12.1-17 7'p aye777 r xpayerinumbersndskeel, city, sfale, andZIPcc te Road 23 Granger, IN 46530 I actp aon atel SECTION IVamsordostgna ng !)Qtly o!nmen Council acaiern of property t7sscrlpilon of teak properly Itnprerram.0% redavelopmant, or Dairy Queen Grill and Chill aprox 3000 Sq SECTIONOFE Cutrantnumber Solerles N/A NIA current v�l�os Plus estimated values of reposed r0ect Less values of any pro 3erty being replaced Net est€mated values u on 9 mpletien of PLOLect SECTION Estimated solid waste converted (pounds) 01bor Genofllu I hereby certify that the representations In thls 8lgnaturs of aulhorized rapresanlativa� J '� Printed nemeof authorlrcd reprs¢cntatlVe Vandna Patel Telephone number ( 574 ) 327-9994 Cowly ruse eadd+flonei SheCls If rls CCSSeryf quare feet building with drive Thru. are true. E -mall address iandna@m[cl)ianadq.com Regal ul!on number QLGF taxing disVict number Eettmaled start dale (month, day, year) )7/112018 e0r, a led carnpi awn date (manffe day, year) 11130/2018 Sntarfac Nurnper additional 1lla 0 REAL ESTATE IiIHPR( COST X60 66 1.00 ,000.00 ASSESSED VALUE Estimated hazardous waste converted (pounds) Page 1 of 2 ❑ale signed (month, day, year) 10/09/2018 ■- aItt► e :�� We find that the applicant meets the general standards In the resolution adopted or to be adopted by this body. Said resolution, passed or to be passed under IC 6-1.1-12,1, provides for the following limitations: A. The designated area has been limited to a period of time not to exceed calendar years* (see below). The dale this designation expires Is R The type of deduction that Is allowed In the designated area Is limited to: 1. Redevelopment or rehabillialion of real estate improvements ❑ Yes ❑ No 2. Residentially dlstfessed areas ❑ Yes ❑ No C. The amount of the deduction applicable Is limited to $� T D. Other limitations or conditions (specify) E. Number of years allowed: ❑ ED Year 1 Year 2 Year 3 Year 4 El Year 6 El Year 7 []-Year 6 p Year 9 ❑YYear 5* see below)Year 10 F. For a statement of benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC'6-1.1-12.1-177 [] Yes 0 No if yes, attach a copy of the abalement schedule to lhls form. If no, the designating body is required to esiahllsh an abatement schedule before the deduction can be determined. We have also reviewed the Information contained in the statement of benefits and find that the estimates and expectatlons are reasonable and have determined that the totality of benefits is sufficient to Justify the deduction described above, Ap proved islgnp[u+s and IM a m auirrprizad iaem6ar of dasfgnaflag-bam Telephone number [late signed (month, day, Yea)) prinZed name nr autharlxad member ofdesipna[ing body Name ofdesfpnattng body Yrintad name of aSlester Attasted by (slgnaium end llfla of &110,3190 taxpayer Is entitled to rd ceiivle a receive deduction to a nuthe time period ring which an area Is an economic revitaliation area, that mber of years that is less than he number of years designated limitation IC fi 1t m�the � oath of time a A. For residentially distressed areas where the Form sB-1lReat Property was approved prlar to July 1, 2013, the deductions established In IC 8-1.1-12.1-4.1 remain in effect. The deduction period may not exceed Five (5) years. For a Form aB-1/Real Property that is approved atter June 30, 2013, the desigrtaling body is required to establish an obatement schedule for aach deducllon allowed. The deduction period may not exceed ten (10) years. (See IC 5.1.1-12.1-17 below.)' praperiywttare the Form SH-11Rea1 Prop@tty wssapproved prior ta,July 1, 2013, the abatement B. For the redevelopment of rphablIltatlen of real schedule approved by the designating body remains fn effect. For a Form SS-11Real Properly that Is approved after June 30, 2013, the designating body fa required to establish an abatement schedule for each deduction allowed. (See IC 6.1.1-92.1-17 below.) IC 6-1.1-12,1-17 Abatement schedules Sec. 17. (a) Adestgnsting body may provide to a business that is established In or relocated to a revitalization area and that recaWes a deduction under Seel on 4 or 4.5 of this chapter an abatement schedule based on the following faciars: (1) The total amount of the taxpayer's Investment In teat and personal property. (2) The number of now full IM equivalent Jobs created, (3) The average wage of the new employees compared to the stale minimum wag B. (4) The infrastructure requirements for the taxpayer's Investment, (b) -nits Aub; eglofu appi[as to a statement of beneftis approved after June 30, 2013. Adaslgnaling body shall estatsiish an abatement schedule for each deduction allowed under this oil spier. An abatement a6'3a Hie must speclfy the percentage amount of the deduction for eat, year of the daduction. An abatement schedule may not exceed ten (10) years. (c) - An abatement ached Hie approved for a particular taxpayer before duly 1, 2013, ramaIns In effect until the abatement schadule expires under the terms of the resolution approving the taxpayer's statement of beruetlis. Page 2 of 2 Your location to Burger King - Google Maps Page 1 of 2 GO 91+ Maps Your location to Burger King Drive 3.5 miles, 14 min –--1NV:ti�:is�uus3ia— -- — ---–u1L•€�u --- - _I:JG"�x��: YW�I4 IIIIIII� via W Western Ave Best route, despite the usual traffic via W Sample St 5:36 PM -6:05 PM lV�l� 1 Imagery ©2018 Google, Map data 02018 Google 50 ft 14 min 3.5 miles 13 min 4.5 miles 29 min 1,++.,�•ii.,.,,.,,R.,,,rttP /r„ar,c/r1;,/41 6719949_-86.2511104/Bur>;er+King,+4852+W+We... 10/16/2018