HomeMy WebLinkAbout19-22 Hopkins Properties Designating Real Property Tax Abatement T ,�. Filed in Clerk's Offu_
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�• KAREEMAI-I FOWLER
CITY CLERK,SOOT;!BEND,IN
CITY OF SOUTH BEN
COMMUNITY INVESTMENT
Council Member Gavin Ferlic,Chairperson April 3,2019
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend,IN 46601
RE: Real Property Tax Abatement Petition for:
Hopkins Properties of South Bend,LLC (an affiliate of Truck Centers, Inc.)
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. Hopkins Properties of South Bend is proposing to invest in excess
$16,000,000 in the acquisition and construction of a new dealership facility to support Truck Centers'
strategic growth plan and the enhance its ability to serve customers. The proposed project address is 4373
Ameritech Drive, South Bend, IN.
The report contains the Department's findings relative to the above petition. The project meets the
qualifications for a(7)seven-year real property tax abatement and a representative from Hopkins Properties
and Truck Centers will be available to meet with the Committee on Monday,April 8,2019.
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 235-5823.
Sinc rely,
Daniel Buckenmeyer
Director Economic Resources &Business Development
DANIEL J.BUCKE_NMEYER ALKEYNA ALDRIDGE PAMELA MEYER TIM CORCORAN
BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&CONDitiN TY RESOURCES
EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT
14005 County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov
Filed in Clerk's Office
APR 0 3 2019
TAX ABATEMENT REPORTKAI i iaH FbWLER
CITY CLERK,SOUTH BE p..,IN
TO: South Bend Common Council
FROM: Angelina Billo
SUBJECT: Real Property Tax Abatement Petition For:
Hopkins Properties of South Bend,LLC (an affiliate of Truck Centers,Inc.)
DATE: April 1,2019
On March 27,2019,a petition for real property tax abatement consideration for property located at 4373
Ameritech Drive, South Bend, IN was filed with the City Clerk by Hopkins Properties of South Bend,
LLC. 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,investigated the area,and makes the
following report.
PROJECT SUMMARY
• Hopkins Properties of South Bend,LLC(an affiliate of Truck Centers,Inc.("TCI")is proposing to
invest more than$16,000,000 in the acquisition and construction of approximately 100,000 sq.ft.
dealership facility to support Truck Centers' strategic growth plan and to enhance its ability to
serve customers.
• The new facility would allow Truck Centers to offer a premier service center in Northern Indiana
and increase its support for the on-highway and vocational truck markets as well as providing
additional support for the RV manufacturing industry.
• Total project cost including new machinery and equipment is approximately$18,000,000.
• Petitioner is qualified for a seven-year real property tax abatement.
• The estimated amount of taxes phased-in for the seven-year abatement is$1,945,291. Estimated
paid taxes paid for the seven-year term are $788,279. Current annual taxes for vacant land are
under$7,000.
Truck Centers,Inc.,based in Troy,IL and established in 1970,is a family-owned dealer group providing a
full array of products and service to the heavy truck industry including truck sales,parts, service, body
shop and training. Its network now consists of ten full-service dealerships and two satellite locations in the
St.Louis metro area,Illinois and Indiana representing Freightliner,Western Star,Ottawa,Fuso,Sprinter
and Detroit performance products. The company has already invested in South Bend economy by
acquiring Hill Truck Sales on Sample Street in January 2016. South Bend facility provides a full-service
on-site Collision Center, in addition to sales,parts and service.
EMPLOYMENT IMPACT
Per this petition, the company will retain forty-two (42) full-time jobs with an annual payroll of
$2,150,000 and create thirty(30)full-time jobs with an annual payroll of$1,500,000 within the first three
years.Truck Centers invests in their employees and provides access to training seminars at their nationally
recognized Training Center in Troy, IL.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted finds that the Petitioner,Hopkins Properties of
South Bend, LLC has not been granted or associated with any previous tax abatement.
2. The Area Plan Commission has reviewed the petition and finds the property to be properly zoned
for the proposed project.
3. The Building Commission has reviewed the petition and finds no building permit was issued.
4. 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 2-75 Real Property
Tax Abatement General Standards.
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Clerk's Office
BILL NO. 19-22 3 2019
EEMAI FOWLER
RESOLUTION NO. ERK,SOUTH REND,!N
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
4373 Ameritech Drive, South Bend, IN 46628
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7)
YEAR REAL PROPERTY TAX ABATEMENT FOR
Hopkins Properties of South Bend, LLC
WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for
consideration by the Common Council of the City of South Bend, Indiana requesting that the
area located at 4373 Ameritech Drive, South Bend, IN. which is more particularly described as:
PARCEL I: Lot Numbered Four (4) in "Park One Northwest", as per plat thereof filed in the
Office of the Recorder of St. Joseph County, Indiana, on August 1, 1985, as Instrument No.
8515748.
PARCEL II: Lot Numbered One (1) as shown on the recorded Plat of U.S. 31 Business Centre
Phase 1, recorded January 9, 2004 as Document No. 0401210 in the Office of the Recorder of
Saint Joseph County, Indiana.
PARCEL III: Lot Numbered Three A (3A) as shown on the recorded Plat of Park One Northwest
First Replat, recorded April 4, 2003 as Document No. 0320042 in the Office of the Recorder of
Saint Joseph County, Indiana, excepting therefrom any portion lying within the recorded Plat of
U.S. 31 Business Centre Phase I recorded January 9, 2004 as Document No. 0401210.
PARCEL IV: A tract of land in the West Half of the Northeast Quarter of Section 19, Township
38 North, Range 2 East, German Township, St. Joseph County, Indiana, more particularly
described as follows: Commencing at the Northeast corner of said West Half of the Northeast
Quarter of Section 19, Township 38 North, Range 2 East; thence South 00°48'00"East along the
East line thereof 959.78 feet, said point being the true place of beginning; thence continuing South
00°48'00"East along said East line 1307.86 feet to the North line of the Indiana East-West Toll
Road; thence South 89°42'57" West along said North line 324.04 feet to the East line of the South
Bend Bypass; thence North 02°49'50" West along said East line 329.96 feet to an angle point in
said East line; thence North 00°17'00" West along said East line 978.17 feet; thence North
89°42'57"East 326.91 feet to the place of beginning.
and which has Key Numbers 025-1017-060806, 025-1017-060807, 025-1017-060809, and 025-
1017-060816 to be designated as an Economic Revitalization Area under the provisions of Indiana
Code § 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq., and;
WHEREAS,petitioner has agreed to and has accepted responsibility to report any changes
in the final legal description and to report the final, appropriate Key Number to the Department of
Community Investment and to the Office of the City Clerk; 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 seq., 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 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.
Year 1 - 100%
Year 2 - 95%
Year 3 - 90%
Year 4 - 85%
Year 5 - 80%
Year 6 - 75%
Year 7—70%
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
City of South Bend
Petition for Incentives ? ,_
Petition must include o$250 filing fee payable to the City Clerk's Office or online via the City's website at I
http://southbendin.gov/government/content/tox-abatement before processing can be completes -
General Information Project Name I Project Number
Legal name as registered with Secretary of Truck Centers, Inc.
State
Business structure Truck Centers, Inc. (Illinois corporation)
Company website www.truckcentersinc.com
Proposed Project Information
Proposed project address 4373 Ameritech Drive Parent company name
City,State,Zip South Bend. IN 46628 Legal owner Hopkins Properties of South Bend,LLC
Site acreage or acreage required 19.8 Is the real estate owned or Owned by Affiliate/Applicant
Io aSf"f
Square feet of facility 100,000 (approximate) if leased by whom
Primary Contact Information
Primary company contact name Justin Hopkins Title Executive Vice President
Address of company contact 2280 Formosa Rd Phone (618)667-3454
City,State,Zip Troy, IL 62294 Email justinhopkins@truckcentersinc corn
Senior Official Information
Company senior official name Katie Hopkins Title President/COO
Address of company contact(If different from Phone
ann e1 2280 Formosa Road (618)667-3454 •
City,State,Zip Troy, IL 62294 Email khopkins@truckcentersinc.com
Consultant Information/Agent
Hired business consultant/agent nameRichard Deahl,Barnes 8—homburg LLP Consultant release(Y/N) Yes
Address Local economic development partners
100 North Michigan St.. Suite 700 aooroval IY/N
City,State,Zlp South Bend, IN 46601 Email Richard.Deahl@btfaw corn
Project Overview
Brief description of your Hopkins Properties of South Bend,LLC(an affiliate of Truck Centers,Inc.("TCI")is proposing to invest in excess of
company,project,and why the S16MM in the acquisition and construction of a 100,000(approximate)square foot dealership facility to support TCI's
property Is necessary for strategic growth plan and to enhance its ability to serve customers.
economic growth
Truck Centers,Inc.,based in Troy,IL,is a family-owned dealer group providing a full array of products and service to the
heavy truck industry including truck sales,parts,service,body shop and training Strong relationships with our customers,
manufacturers and suppliers form the foundation upon which we've built the premier oganization and become the recognized
industry leader that we are today.
Founded In 1970,Truck Centers,Inc was one of the first heavy truck dealers to receive a Freightliner franchise in 1977
We've come a long way since then. Our network now consists of ten full-service dealerships and two satelitte locations In
the St Louis metro area,Illinois and Indiana proudly representing Freightliner,Western Star,Ottawa,Fuso,Sprinter and
Detroit performance products. The TCI team has grown from15 employees to a team that Is 720+strong and dedicated to
our core values of premier customer care and quality service.
The new site would allow us to offer a premier service center in Northern Indiana and increase our support for the
on-highway and vocational truck markets as well as providing additional support for the RV manufacturing industry The
move from our current location in South Bend to the proposed site would maintain our current 42 South Bend jobs and
add 30 jobs to the market to get started.
Certified Technology Park appropriate N/A
Is the project in a Tax Incremental Financing N/A
RIF)area? dna,which?
Certify that the Building Permit has not been Number of residential units created by N/A
Issued(Y/N1 nrni rt
if this is a petition for personal property tax abatement,has
the eauioment been Installed N;A
Investment Details
Public Infrastructure needs(Off- Has any 504 funding been What Is the value of any equipment being purchased In What is the value of any equipment being
site of project in dollars) received? Indiana for the project? purchased from out of state for the project?
N/A N/A 1,000,000(Estimate) Unknown
New Project Investments
Calendar Year 2019 2020 2021 2022 2023 2024 2025 2026
Land Acquisition
Building Lease Payments
Building Purchase Costs
New Building Construction Sulci-- $16,000,000
Existing Building Improvements
New Machinery&Equipment 5700 000 $ 100,000
Special Tooling/Retooling $ 500,000
New Furniture/Fixtures
$ 200.00.
New Computer/IT Hardware
S 230.000
New Software
On-site Rail Infrastructure
On-site Fiber Infrastructure
TOTAL $NNN
$700k+ $17,030,040 I $NaN $NaN $NaN $NaN $NaN
Full-Time Permanent Indiana-Resident Positions by Calendar Year
Calendar Year lobs retained Total hourly Cumulative#of net NEW full time Hourly average wage,w/o Total training Total li to be
wage w/o permanent jobs created at project benefits or bonuses,of expenditure- trained-not
fringe or cumulative net new jobs not cumulative
bonuses cumulative
2019 42(15 for trainin ) $2.15MM 90(7 fnr tech traininQ) $1.000 000 22
2020 30(10 more--6 for tech training) $ 500,000 6
2021
2022
2023 Training is continual at TCI Corporate
2024 center The total training will continue
2025 to grow
2026
2027
2028
2029
2030
Provide hourly wage information for new employees in the following positions.
Full time Part time
Laborers $15.00
$13.00+
Technical $25.00
Managerial S40.000-$80.000 Salary
Administrative
$1 5.00
Who will be the individual responsible for coordinating with
WorkOne on recruiting? Jennifer Price
Does your company have an EEO hiring policy? Yes Yes you an EEO employer?
Yes
Please list the number of full time and part time minority and/or female employees for each of Please describe your commitment to
the last three years: diversity and Inclusion by detailing your
Year outreach and recruitment efforts for the last
2 016 I 2017 2018 three years as well as current polldes.
Full Time Part Time Full Time Part Time Full Time Part Time
Black1
Hispanic
Asian
Indian
Female 7 1 7 1 8 1
Other
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
companies which will provide materials purchased for this project.
Please complete the table below with the appropriate information. If Qualify Earned Points Available Points
(Yes or No)
you qualify for the points,please enter the full amount of available
points.
1 Construction Related(Contractors):
A. Employ Local Companies(75%) Y 20 20
B. Purchase Materials from Local Companies(75%) Y 20 20
C. Require Employees vs.Independent Contractors Y 19 19
D. Require Prevailing Wage(Davis Bacon) N 22
E Require Health Benefits Y 22 22
F Require Pension Benefits N 18
G. Maintain Affirmative Action Plan Y 20 20
Sub-total Construction Related: 101 NaN 141
2 Wage&Benefit Related(Owner):
A. Pay Target Wage Levels Y 33 33
B. Provide Health Benefits Y 34 34
C. Provide Pension Benefits Y 29 29
D. Provide Training Y 28 28
E. Provide Child Care N 15
F. Provide Transportation Assistance N 14
G. Provide Employer Assisted Housing program N 9
Sub-total Wage&Benefit Related: 124 NaN 162
3 Workforce Related:
A. Create New lobs Y 42 42
B. Retain Existing Jobs Y 41 41
C. Maintain Affirmative Action Plan Y 35 35
D. Provide Targeted Hiring Preference 34
Sub-total Workforce Related: 118 NaN 152
4 Support a Municipal Facility:
Support a SB Municipal Facility(donations to the
A. zoo,conservatory,museum,etc.) Y 84 84
Name of Facili(y Basion Childrens llosp )
I 15ub-total Municipal Facility: 84 "." 84
Sub-total from Above: 427 0 539
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,et seq.,and
South Bend Milic)lial Code Sec.2-76 et seq.,for this petition state the above.
Submitted By: i 'J r Date: March 27, 2019
truF GetTters, Inc.
By: • . John Hopkins, IV
Chairman/CEO
For Staff Use Only Below This Line
cL.C.✓,_at-
What is the current assessed value? Real Property: �c' Personal Property:
What Is the projected assessed value? Real Property: Personal Property:
What is the tax key number for this project? C —t", -:01)(..rt%
What is the six digit NAICS code?
- (t„?f?:- ' iYv✓ (,-,;(7.;--7"C/47' is
Please attach a Google map and street view of the location.
Please list the amount of real and personal property taxes Real Property Taxes: Personal Property Taxes:
paid for the last five years when applicable.
Year Two
Year Three
Year Four
Year Five
Please fill out the following Public Benefit Summary Information and add to total from above.
(y or N) Points Points
Public Benefit Item:
Project Related:
5 A. Redevelop a Site that has Special Needs 49
B- Develop Based on Local University Research 35
C. Achieve a Physical Element of a Plan 36
Sub-total Project Related: 120
6 Super Size Projects(point values are cumulative):
A. 100%to199% Y �i') 23
B. 200%to 299% Y6 68
C. 300%to 399% Y
� `j 65
D. 400%and Over Y 52
Sub-total Super Size Projects: 97[ I 210
7 Pay for Municipal Infrastructure:
A. Pay for Oversizing or Upgrading 14
B. Pay for 26-50%of Extension Cost 26
r
C. Pay for 51 75%of Extension Cost 39
D. Pay for 76-100%of Extension Cost 52
Sub-total Infrastructure Related: 131
Total from Applicant Section: //,Z 539
Total from Staff Section: i=',/J 461
Total Public Benefit Points: ? 1000
Filed in
Clerk's Qft e
"' A STATEMENT OF BENEFITS
e - _ - I 2019 PAY 20
1.._. . 1 REAL ESTATE IMPROVEMENTS r
ii' 1. `1
State Form 51767(R6/10-14) MAR 2 1��� • FORM SB-1/Real Property
' Prescribed by the Department of Local Government Finance
---_.; , PRIVACY NOTICE
This statement is being completed for real property that qualifies under the followleg Indtana'Code(cheOkeif box): Any information concerning the cost
p ;1tr )R , of the property and specific salaries
�f]Redevelopment or rehabilitation of real estate improvements(IC 6-1.1 10Ct ERK,SOOT!t +-+ +� paid to individual employees by the
❑Residentially distressed area(IC 6-1.1-12.1-4.1) ----
property owner is confidential per
IC 6-1r.1-12.1-5.1.
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 redevelopment or rehabilitation of real property for which the person wishes to claim a deduction.
2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of
the redevelopment or rehabilitation for which the person desires to claim a deduction.
3. To obtain a deduction,a Form 322/RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is
made or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10. A property owner who
foiled to file a deduction application within the prescribed deadline may file en application between March 1 and May 10 of a subsequent year.
4. A property owner who files for the deduction must provide the County Auditor and designating body with a Form CF-1/Real Property. The Form CF-1/Real
Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable.
IC 6-1.1-12.15.1(b)
5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish en abatement schedule for each
deduction allowed. For a Form SB-i/Real Property that is approved prior to July 1,2013, the abatement schedule approved by the designating body
remains in effect. IC 6-1.1-12.1-17
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
Hopkins Properties of South Bend, LLC(and/or Truck Centers. Inc.)
Address of taxpayer(number and street city,state,and ZIP code)
2280 Formosa Road,Troy, IL 62294
Name of contact person Telephone number E-mail address
Justin Hopkins
( 618) 667-3454 justinhopkins@truckcentrsinc.com
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body Resolution number
Common Council of City of South Bend
Location of propertyCounty DLGF taxing district number
4373 Ameritech Drive, South Bend, Indiana 46628 I St. Joseph 71-003
Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year)
Proposed investment of$16,000,000 in site acquisition and construction of 100,000+/- April,2019
square foot building facility. Estimated let dale(month,day.year)
January, 2021
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current number Salaries Number retained Salaries Number additional Salaries
42 $2,150,000 42 $2,150,000 30 $1,500,000
SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS
COST I ASSESSED VALUE
Current values $ 875,000 I $270,300
Plus estimated values of proposed project $16,000,000 Reg.17
Less values of any property being replaced N/A I N/A l
Net estimated values upon completion of.ro ect $16,875,000 Reg.17
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds)
Other benefits
SECTION 6 TAXPAYER CERTIFICATION
I hereby ce//rt�ti at a r-presentations in this statement are true.
Signatu pf�t bry /10 r Date signed(month,day,year)
G �`i� March 27, 20 i9
Printed name r uthori representative I Title
M. ohn Hopkins, IV Chairman/CEO Truck Centers, Inc.
Page 1 of 2
FOR USE OF THE DESIGNATING BODY
We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed
under IC 6-1.1-12.1,provides for the following limitations:
A. The designated area has been limited to a period of time not to exceed calendar years`(see below). The date this designation
expires is
B. The type of deduction that is allowed in the designated area is limited to:
1.Redevelopment or rehabilitation of real estate improvements 0 Yes ❑No
2.Residentially distressed areas 0 Yes ❑No
C. The amount of the deduction applicable is limited to$
D. Other limitations or conditions(specify)
E. Number of years allowed: 0 Year 1 ❑Year 2 ❑Year 3 0 Year 4 ❑ Year 5 ("see below)
❑Year 6 ❑Year 7 ❑Year 8 ❑Year 9 ❑ Year10
F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17?
❑Yes 0 N
If yes,attach a copy of the abatement schedule to this form.
If no,the designating body is required to establish 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 expectations are reasonable and have
determined that the totality of benefits is sufficient to justify the deduction described above.
Approved(signature and title of authorized member of designating body) Telephone number Date signed(month,day,year)
Printed name of authorized member of designating body Name of designating body
Attested by(signature and title of attester) Printed name of attester
*If the designating body limits the time period during which an area is an economic revitalization area,that limitation does not limit the length of time a
taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17.
A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1,2013,the deductions established in IC
6-1.1-12.1-4.1 remain in effect.The deduction period may not exceed five(5)years. For a Form SB-1/Real Property that is approved after June 30,
2013,the designating body is required to establish an abatement schedule for each deduction allowed. The deduction period may not exceed ten
(1 0)years. (See IC 6-1.1-12.1-17 below.)
B. For the redevelopment or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1,2013,the abatement
schedule approved by the designating body remains In effect.For a Form SB-1/Real Property that is approved after June 30,2013,the designating
body is required to establish an abatement schedule for each deduction allowed.(See IC 6-1.1-12.1-17 below.)
iC 6-1.1-12.1-17
Abatement schedules
Sec.17.(a)A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under
section 4 or 4.5 of this chapter an abatement schedule based on the following factors:
(1) The total amount of the taxpayer's investment In real and personal property.
(2) The number of new full-time equivalent Jobs created.
(3) The average wage of the new employees compared to the state minimum wage.
(4) The infrastructure requirements for the taxpayer's investment.
(b) This subsection applies to a statement of benefits approved after June 30,2013. A designating body shall establish an abatement schedule
for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of
the deduction. An abatement schedule may not exceed ten(10)years.
(c) An abatement schedule approved for a particular taxpayer before July 1,2013,remains in effect until the abatement schedule expires under
the terms of the resolution approving the taxpayer's statement of benefits.
Page 2 of 2
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