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HomeMy WebLinkAbout4785-19 31 Nimtz Land Confirming Real Property Tax Abatement RESOLUTION No. 4785-19 Passed by the Common Council of the City of South Bend, Indiana May 13, 20 19 Attest: "' / City Clerk Kareemah N. Fowler Attest President of Common Council Presented by me to the Mayor of the City of South Bend. Indiana May 13, 19 20 . /./at.4-te-we.o-061f City Clerk Kareemah N. Fowler Approved and signed by me t" "C`^) I 20 19 BILL NO. 19-31 RESOLUTION NO. 4785-19 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 24605 Cleveland Road, South Bend, IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR 31 Nimtz Land, 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 24605 Cleveland Road, South Bend, Indiana, and which is more particularly described as follows: E1/2 E1/2 Se Sw Ex S End To State Sec 19 38 2e 04-05 Annexed Fr 04 Per Ord#9428-03 W1/2 E1/2 Se Sw Ex S 40'For St Sec 19-38-2e 04-05 Split To City For St Per Tr 14573 2-3-04 and which has Key Numbers 025-1011-0189 and 025-1011-018901 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 II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for up to a period of six (6) 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 seq. Year 1 - 100% Year 2 - 100% Year 3 - 100% Year 4 - 95% Year 5 - 95% Year 6 - 95% 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 51 i 12o/' T : ' 511a12019 a;i,N 8 Fir [PPR 032019 PLA4 . . • Tea": CITY CLEnK,SOk CITY OF SOUTH BEND 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: 31 Nimtz Land,LLC (an affiliate of Holladay Properties) 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. 31 Nimtz Land, LLC is proposing to invest $12,940,000 in the construction of a new distribution center(speculative building)at 24605 Cleveland Road,South Bend,IN. The report contains the Department's findings relative to the above petition. The project meets the qualifications for a(6) six-year real property tax abatement and a representative from 31 Nimtz Land and Holladay Properties 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. Sin erely, tal D• 1 el :uckenmeyer Director Economic Resources&Business Development DANIEL J.BUCKENMEYER ALKEYNA ALDRIDGE PAMELA MEYER TIMI CORCORAN BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov TAX ABATEMENT REPORT TO: South Bend Common Council FROM: Angelina Billo SUBJECT: Real Property Tax Abatement Petition For: 31 Nimtz Land,LLC (an affiliate of Holladay Properties) DATE: April 1, 2019 On April 1, 2019, a petition for real property tax abatement consideration for property located at 24605 Cleveland Road, South Bend, IN was filed with the City Clerk by 31 Nimtz Land, 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 • 31 Nimtz Land, LLC (an affiliate of Holladay Properties) is proposing to invest more than $12,000,000 in the construction of approximately 225,000 sq.ft. speculative industrial facility to be located on the NW corner of US 31 and Nimtz Parkway. • The new facility will attract companies that are either expanding their operations or establishing new operations in South Bend.The building will have 40 dock positions to accommodate modern distribution users. • Total project cost excluding equipment is approximately$12,940,000. • Petitioner is qualified for a six-year real property tax abatement. • The estimated amount of taxes phased-in for the six-year abatement is$1,785,826. Estimated paid taxes paid for the six-year term are$149,218. Current annual taxes are under$6,500. Holladay Properties,a parent of 31 Nimtz Land,is a full-scale land development,design/build,and fully- integrated real estate company, and property management firm. The company has developed over 20 million square feet of commercial space and actively manage over 14.3 million square feet of office, industrial,retail,multi-family,hotel,and healthcare space.Their medical office management portfolio is one of the largest in the country. EMPLOYMENT IMPACT Due to the speculative nature of the building, only indirect jobs will be retained or created. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the Petitioner, 31 Nimtz Land, 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. 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' f ng fee payable to the City Clerk's Office or online via the City's webs/te gL _ - __ - http://southbendin.gov/government/content/tax-abatement before processing can be complete Pap rf in CIpfj q f)fflrue General Information Project Name Project lumber ---- LegalnameasregisteredwithSecretaryof 31 Nimtz Land LLC sus: APR Zig Business truaare Limited Liability Company Company website www.holladayproperties.com KAREEMAH FOWLEF Proposed Project Information CITY CLERK,SOUTH BEN`).IN Proposed project address 24605 Cleveland Road Parentcampanyname Holladay Properties City,State,Zip South Bend, IN 46628 legal owner 31 Nimtz Land LLC Site acreage or acreage required 19.6 Is the real estate owned or Leased teased Square feet of facility 225,000 If leased by whom Speculative Primary Contact Information Primary company contact name Paul Phair Title VP-Development Address of company contact 227 S. Main Street,Ste.300 Phone 574-217-4498 City,State,Zip South Bend, IN 46601 Email pphair@holladayproperties.com Senior Official Information Company senior official name John Phair Title President Address of company contact(if different from 227 S. Main Street, Ste. 300 Phone 574-217-4475 abovel City,State,Zip South Bend, IN 46601 Ercall jphair@holladayproperties.com Consultant Information/Agent Hired business consultant/agent name N/A Consultant release(Y/N) Address Local economic development partners approval(Y(N) City,State,Zip Email 11 Project Overview Brief description of your company,protect,and why the The proposed project is an approximately 225,000 square foot property is necessary for speculative industrial facilityto be located in South Bend on the NW economic growth corner of US 31 and Nimtz Parkway. The construction investment anticipated is approximately $12.94 million, which does not include equipment and additional investment which may be made by future Tenants of the building. Due to the speculative nature of the building, we do not know specific job creation statistics, but we are moving forward with the building to specifically attract companies that are either 1. expanding their operations, or 2. establishing new operations in our community. We fully expect that new jobs will be created as a result of this new industrial building being constructed. Certified Technology Park appropriate N/A is the project In a Tax Incremental Financing Yes- River West District (TIF I area? dm which? Certify that the Building Permit has not been Yes Number of residential units vested by o Issued IY/N) nro) If this Is a petition for personal property tax abatement,has No the equipment been Installed 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 No Unknown-Speculative Development Unknown-Speculative Development New Project Investments Calendar Year 2019 2020 2021 2022 2023 2024 2025 2026 Land Acquisition 5 011 000 00 Building Lease Payments Building Purchase Costs New Building Construction 5 0025 Jr.)00 5 3,005,000 GO Existing Building Improvements New Machinery&Equipment Special Tooling/Retooling New Furniture/Fixtures New Computer/IT Hardware New Software On-site Rail Infrastructure On-site Fiber Infrastructure TOTAL 5 3,93e.000 m a 3,005,000 00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Full-Time Permanent Indiana-Resident Positions by Calendar Year Calendar Year Jobs retained Total hourly Cumulative It of net NEW full time Hourly average wage,w/o Total training Total ri 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 Unknown 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Provide hourly wage information for new employees in the following positions. Full time Part time Laborers Unknown Technical Managerial Administrative Who will be the individual responsible for coordinating with WorkOne on recruiting? Does your company have an EEO hiring policy? Are you an EEO employer? 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 three years as well as current policies. Full Time Part Time Full Time Part Time Full Time Part Time Black Hispanic Asian Indian Female 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 you qualify for the points,please enter the full amount of available (Yes or No) points. 1 Construction Related(Contractors1 A. Employ Local Companies(75%) yes 20 20 B. Purchase Materials from Local Companies(75%) yes 20 20 C. Require Employees vs.Independent Contractors yes 19 19 D. Require Prevailing Wage(Davis Bacon) no 22 E, Require Health Benefits yes 22 22 F. Require Pension Benefits no 18 G. Maintain Affirmative Action Plan yes 20 20 Sub-total Construction Related: 101 141 2 Wage&Benefit Related(Owner): A. Pay Target Wage Levels 33 B. Provide Health Benefits 34 C. Provide Pension Benefits 29 D. Provide Training 28 E. Provide Child Care 15 F. Provide Transportation Assistance 14 G. Provide Employer Assisted Housing program 9 Sub-total Wage&Benefit Related: 0 162 3 Workforce Related: A. Create New Jobs 42 B. Retain Existing Jobs Yes 41 a1 C. Maintain Affirmative Action Plan 35 D. Provide Targeted Hiring Preference 34 Sub-total Workforce Related: 41 152 4 Support a Municipal Facility: Support a SB Municipal Facility(donations to the A. Yes 84 zoo,conservatory.museum,etc.) 84 Name of Facility Potawatomi Zoo ISub-total Municipal Facility: ea 84 Sub-total from Above: 226 539 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 Municipal Code Sec.2-76 et seq.,for this petition state the above. ' Submitted By: j l' - ,_ Date: o'S /z 'l / t`i For Staff Use Only Below This Line What is the current assessed value? Real Property: .9, f 17(�`> Personal Property: What is the projected assessed value? Real Property: •N`/J/ ! Personal Property: What is the tax key number for this project? r - C)• l /(/( - What Is the six digit NAICS code? 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 One Year Two Year Three Year Four Year Five Please fill out the following Public Benefit Summary Information and add to total from above. IV or NJ 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 Sire Projects(point values are cumulative): A. 100%to 199% r 25 B. 200%to 299% 6C-C' 68 C. 300%to 399% p 65 D. 400%and Over 5 ..2 52 'Sub-total Super Size Protects: (. . 210 Pay for Municipal Infrastructure: A. Pay for Overslzing or Upgrading — 14 B. Pay for 26-50%of Extension Cost ) 26 C. Pay for 51-75%of Extension Cost r • 39 D. Pay for 76-100%of Extension Cost i 52 r Sub-total infrastructure Related: / I 131 Total from Applicant Section: .7 [ 539 Total from Staff Section: ?(C' 461 Total Public Benefit Points: 6 1000 //if ` \\ J if .. .•_ _ . ,: . 1 t7 �t� V p. I-Y ' + ^ fJ 0 V. . Q iN i.I En w ° V) . I z ; 0 1 M � 5 a w o N U x O N U Cl] 2 C y ' C 00C� a, rti,p N t a to W ma‘tay.+ CO z p , L. w = a) L . ., y. .... — ,.... . .. z -c, cn 0 0 = vct ° o -- �. Ea o at Cah E ao co X C W R N O .L� a — el' Q 1Cl)� o Z Cl) o � W o oM N c F-1 g W g cC o o N - 0 o 3 79 CI) a o, z C- (7 C7 R _ c N C+ .- H N O N M N Q Cl) 0 � L b9 Fi3 N ON 7. Cl) en , 0 C A o o Ci o 0 0. .--. h h 4.; C 3 x y y yGI) "el pj C CL ny3 i e t' p, A Q ea. cc, L m p v ° o I. A C to Y .C' 'S ti L i W C O C w Li 7v N Cl 5. 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