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HomeMy WebLinkAbout21-14 Delta Management Company LLC Designating Tax AbatementFiled in Clerk's Office APR 0 6 2021 DAWN m- JONES CITY CLERIC, SOUTH SEND, IN CITY OF SOUTHBEND COMMUNITY INVESTMENT April 6, 2021 Council Member Rachel Tomas Morgan, Chairperson Community Investment Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Real Property Tax Abatement Petition for: Delta Management Company, LLC Dear Council Member Tomas Morgan: Please find the attached information pertaining to a real property tax abatement petition submitted by Delta Management, LLC to expand the existing facility at 4755 Ameritech Drive, South Bend, IN 46628 for KW Custom Controls, LLC. This petition package includes: ➢ Department of Community Investment's summary report ➢ Petition ➢ Statement of Benefits form ➢ Supporting information The report contains the Department's findings relative to the above petition. The petitioner proposes to invest approximately $1,800,000 in a new construction to accommodate growth of tenant KW Custom Controls, LLC. Representatives from Delta Management Company, LLC and KW Custom Controls, LLC will be available to meet with the Committee on Monday, April 12, 2021. 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 574-235-5823. Sincerely, Daniel J. Buckenmeyer Director, Business Development EXCELLENCE', ACCOUNTABILITY I 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: Daniel J. Buckenmeyer, Director of Business Development SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: Delta Management Company, LLC DATE: April 6, 2021 On Thursday, March 25, 2021, a petition from Delta Management Company, LLC was received and subsequently filed with the City Clerk for real and personal property tax abatements consideration for property located at 4755 Ameritech Drive, South Bend, IN 46628. Pursuant to Chapter 2, Article 6, Section 2-84.2 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY ➢ Delta Management Company plans to expand the building at 4755 Ameritech Drive, South Bend, IN with a $1.8m private investment and 30,000 SF addition in order to accommodate growth of tenant KW Custom Controls, LLC. ➢ In September 2018, an investor group led by the Pfeil family restarted a previously bankrupt business. The company rehired 50 people. ➢ Koontz-Wagner's origins date back to the 1920's when two brothers in South Bend, Indiana began repairing motors in a small garage. Over the next 40 years, the company diversified services, while maintaining a focus on electrification and rotating equipment. ➢ Today, KW Custom Controls is focused solely on the construction and integration of custom-built transportable packaged control houses. Across the globe, KW Custom Controls has serviced a variety of industries including power generation, oil & gas pipeline, power utility, materials handling, telecom or alternative energy. ➢ During the 5-year real property tax abatement, an estimated amount of taxes to be paid is $34,063. EMPLOYMENT IMPACT Per this petition, it is estimated that the company will: ➢ Retain fifty (50) permanent full-time jobs representing a total annual payroll of $3,640,000 and create, at least, twenty (20) new full-time jobs with an estimated total annual payroll of $873,600. ABATEMENT QUALIFICATION L A review of the tax abatements previously granted, finds that the petitioner has not been granted any tax abatements. 2. The Area Plan Commission has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the River West Development Area. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for the five (5) year real property under section 2-82.1, Industrial development in Urban Enterprise Zone and Redevelopment Blighted Areas, and section 2-84.2, Tangible Personal Property Tax Abatement. Filed in Clerk's Office FAR 62021 DA CI.n,CW M. 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U> v v Cl? w :° d Q c w N C C f0 U CO r.. N CO V FI') (n a) 7 a) } y > °c N 0) o o 0 O O N D C cn OO O--,..-._� .- - .. ---. p p N ~ cw) o Z 7+ N C m U p - U) Z N N w N N Ul o Z= a N N OH m g� a� rn f0� C ►�. C®, CD a) EE j U > C U N p m a) _7 � >> a) Q) N p X X Y Y a) a) U` �" - N O U N F- O7 a) N U I) p a) N N N a) U)) .p. a) X X m p m _ i _ r _ N 'A F.,L. Q¢ N p Z d p p Z CD U D U �... _ L c<< E a) y (n V) 7 w N N p w 7 ` L Um� Q BILL NO.21-14 RESOLUTION NO. 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 4755 Ameritech Drive, South Bend IN AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY TAX ABATEMENT FOR Delta Management Company, 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 4755 Ameritech Drive, South Bend IN 46628, which is more particularly described as: Lot Numbered 7 as shown on the recorded Plat of U.S. 31 Industrial Park — Section One, St. Joseph County, State of Indiana. Lot Numbered 8 as shown on the recorded Plat of U.S. 31 Industrial Park Section Two, St. Joseph County, State of Indiana and which has Key Numbers 71-03-18-400-010.000-009 and 71-03-18-400-011.000-009 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 five (5) 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 - 100% Year 3 - 95% Year 4 - 90% Year 5 - 85% 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. Karen White, Council President South Bend Common Council / � - i,t, �_, C .of South Bend S' x Petition fir incentives`'' PCNNan must In a $25[lplingfee Payable to the cfty Cleric's ajjlc& orvr,lln2 Ala the Clty'S w 7r trfi - y 7T http;%/snpthbendln.gov/goverrrrncni/tonrent/tax-abatement before prvtessing can 6e'canapfe 4 1 Ar. Gpnerai;lnFarmatiori'-.' ...' :',::2k. .:.` Rrgject'iVaine:::-'r 4755 Ameritech Drive Pro e;f�utn6f YE:.; Aso N Legal n. . as regl;Sexed with 5^notary oriiila . ;Delta Management Company LLC ("Delta") Business structure UC eompany Urebsitc. Delta has no website; KW Custom Controls LLC ("KWCC", the tenant) site Is www,kwcustomcontrols,com i r= �As?;":. Ere-.7.7; .:i s j . � �� ..�?s. �,.� '�"`= Y-=s•::t•f{�3ti �4 rE,.: �-'x.ir;> � ..r�•it .. .• ..I .. •...' ,'k �r.' g�v �. R �•...•,,:,,; .t.r �,°!1•.; �' : spp tv�; � '�+ �r {' 'iS"; d':r"t•, a. rzn ,; � •�n Proposed project addre$5_-v -:'•'% = 4755 Ameritech Drive Parent[em namB:'•;: •'!; ' • :: NA Cltr, State, ZiP South Bend, IN 46628 Le al.ov:ne !>ai::>:;. Delta Managment Company LLC 51W aiaeagc or acreage 9 01 IS the real estate Own Ed 0r° : owned 5 uarete@tY ;,.t of fa V; q• '- currently 50,000; addition will Increase to e0,000 if leased uy�t]iom: property IS leased t0 KWCC ... .. .. . Pnrpat'Y:�ontact;lnFarmat�o •.,..�,t,.; r�;� •�..:,�;•' - Prlmi.r mmp;my on to name Laura Pfeil Elliott Title Manager and Member Address.ofCompany contan. 4755 Ameritech Drive Ph;°qe.>`S` ;•,,.:,.:, 574-274-8051 clty,State, xfu .South Bend, IN 46628 lmatt elliottsb4@sbcglobal,net Seriiiar;0fficial In arrriaY'a " ter. Company senior on;tlal narnc • .:. ; :=:.....� William Harlan 'itl° ". Manager and Director Address of company can to (If diffgrentfrom : 4755 Ameritech Drive Ptionc ;`., ! ::;:: 312-343-3920 city, Siate, 211) South Bend, IN 46628 Emall wharlan@kwcustomcontrols.com Hired businrss consultant agent name[ :' '.: Peter Agostino, Atty COMWtip nt:releaie{YINf` Address.:: 131 S. Taylor Street Coal,ecortornlGdavelajimeis'tpartrie .: ;:;:;,;_<,::' a.. rove y-.: cjry,:state,zip :. South Bend, IN 46601 Email agostino@aaklaw.com .. ProjectOyervlt►v': r;,: y,;i•:, ;.:., �'r• '�:r B v l e t d es criptio n of yo ur Company, proJeot,andwhy lliL'- Subject to approval of property tax abatement, Delta Management Company opemt :,�, ,-:.'=-: LLC plans to expand the building at 4755 Ameritech Drive with a $1.8 million, gcessamyfar ec etnnpmicg�roowth-.:i.- .� ..... 30,000 SF addition in order to accommodate growth of tenant KW Custom Controls, LLC ("KWCC"), with job growth of 20 full time jobs within 3 years. In September 2018, an investor group led by the Pfeil family re -started a previously bankrupt business now known as KWCC. Restart of the business by the investor group led to the re-employment of previously displaced workers following the July 2018 bankruptcy filing of Koontz -Wagner Custom Controls Holdings LLC. KWCC continues to employ approximately 50 people, and has plans for additional growth following completion of the building expansion. Please see Attachment 1 for additional information. Ccrt,fied-tech nolopParkappropriate ,-.. ;:. NA Is th a prpje ct l n a.Tax:increm a ntal � n an dng; •• NO r ar ? If i' Certifythat eha eulldli g Fernriihas nothces"' >, urger' ,-46rj n - .'j ql ;, N,_AQ:,, ..rh�, ',91 � IVA iftKltilsi,petition•for.per4tinarpl'apertyta,S.adatenient,has A 'r thee ul n tbemIns6INa �i'�irpr$�ry�C!o . ' �+p. •,fr; :•." 4ti.p u7�°!. n?' ,"� 'yk' �. i5'� b.'�' • •t•L'';;?.. +'���.«`.'.e'7f.'A: .::, r.,^�1 CL:..,;.. • 4y. .: �J •f. .-y ,�,ri73 i.Y,�jc: �.1C::. �_P.`'1���:.; .}i ; 1Yr, zqr .�: .1. • q�'. 4r+.0 - .0 5�•- .tci�i"';.. -4. ,9?::t'::'.':5,r.t:: �..�'•:.'ti •i.. ��::.::,:, t' •„L!�.i;'i?-,: .:i:,'y::r Publicinrre3ti c}yre'cieeOiOt elan'y.SOghrRdingbeeRjn:'YYFiaiU:tf{6ajue;ofany.egriipittetit6'el[8 r` - P. urrhasedtisr•: •[v at.3stttm:iiS4c-'tan :e uS meri befn h r 4 :. v.:q.: o.: t; a site af.Prt� Main slots rs : ; F .,�1.. s - 'received �' ;'.�� }:� . 'Indiana'�or<afire:project?,:;i;::�:':.'::., F , � iiit:h'sediruFri:ou dl,s etc l0 E' ra FCL% NA NA Minimal or no new equipment being purchased NA cle 1 7 7 . ":7 7,7777' 7,777 Dulldlng Lama Payments Building Puircha5, Now SullUnt; CmIrtr" New Machinery & Equip pi afl t Spec] n I TCi of In gl fi oto o1i itg NCSV Furnitwre/Hxtq2s. • New Co M p U t er? fT H and vi4 re hiew Software on -site R R I I q fra FT ructu re Cln-sitar Tiber lofta zF ucture 022 2023 $ 1,800,000.00 IT .4 $ Full �,Tne.p rriian.eHorain4 •rda 'Year Calendar Year JOLIN FOtalned To ta heme A •cum U I at I ve zI 04 net NEW full tim 0 -mr.4gewjo Total trailhing Total q to be aeL w1o, PP Fmanen t jo lbs created at pro] ei:t Wage :H b. ieSlts Prbosiuses, of opent-fiture - .Irained -not fringe or cumulative net new jobs not cumulative .. bonuses (,Umulative 2021 50 35 0 2022 10 $21/hr 0 5 $21/hr 0 2024 5 $21/hr 0 7025 2028 2027 ZR8 2029. 2030 203, 2032 ern b fa yiees In Og time Laborers $16 to $18 0 $20 to $25 0 Managerial NA 0 Adm1nisiratIvo NA 0 Who wi 11 b a I h e in divid u a I response h I a I o r coordina tin WiTh Michelle Steele (KWCC's HR Workd on nc r.1 ti. n.? person) Doe5yoArcoinpanyhjie.al.EEChirifgpiIc? IYes you a�.EEQ.enpiQ Vqr? :IYes Plea., part:time: minqritya6d/dr.:feffiale.(.,iplbyeesfo-r'each of Please describe your commItarentio irLcl US Iion:V fj Rio i in&,OGU( diver� 5 1w and yp . outreach and recruitment efforts for the last Year: 2020 2019 2018 three years as. well as currentpaficies. Full Time PanT=V: Full Time -PartTime' :Full Time. Part TIM a Black 4 3 We reached out to Work One regularly, as well as other services for referrals, and we do in fact hire minorities and Hisppnic 4 3 0 0 4 1 3 1 3 1 will continue to do so. other 0 0 W..'tor al or ers e for re Ves 19 ij Public benefit Item, .Information is:re.quired an both the c:onstr*tion:companies aril the companies whiclqiwill provide rnaterials Ou rthased. for. this project, Ptease coinglete.the table below with.the. approprlfate.lnformation. If you qualify for thepqints; please enter the full Ornount of availaWe points. Qualify (Yes or No) Earned Points 7 � -- Available Points Construction ReIate'd -(CaMractors): A. E rn ploy: Lo cafl Companies (7 5%).. No 0 20 8. P u rch a s e M a i eiial s from local Companies (7 5' Yes 20 20 C. Require Em ploye es vs. I nd epe rid e nt Contractors Yes 19 19 D Require P revial I ITig Wage:[, 0 ayl 5 Satan} Yes 22 22 E. Req ui re 1H e a.t h Be riet it s: Yes 22 22 F. Requi re0e q " ftn benefits no 0 18 G. NJ a I n I a fn-AfFo r mative Action Plait no 0 20 IISub-tot . of construction Related: 83 141 -2- Wage & Benefit kefatedjownerL-. A. Pay.Target Wajeleve`ls Yes 33 33 B. Provide Health MniNts:: yes 34 34 C.. Provide Pension serieflts No 0 29 D, Provide T rainvig No 0 28 Pravlde CM0 Care No 0 15 F. t A PrQviiJe ra n s p o rt a sslstdftq No 0 14 C. Provide E m P I eye r. A55 Ist ed: Hiowln g p rcgra m No 0 9 Sub -total age &'Be n ef! t R ela ted. 67 162 Workforce Related: A. Cfg6t6 N1JOb� 4W Yes 42 42 ReOIR. Uszlng.jobs yes 41 41 C. Maintain Afflrrria Cive Act! o n. PI a h: No 0 35 0. 0 34 Subtotal Workforce Related: 83 152 uppf)r t. a M umcipal'Ncillty: Support ort a SB Municipal Facillty. (do;ia,.lc;ns to th Zoe, conservatory, . .. , . mijse�ijn. ... , etc . : ES; S., A-- h1 84 84 Nameof Facility Isub-total w1unidpal Filcility-. 84 84 Sub-Wa *L9rwAboVe:: 317 539 The undle irsip eda'wner(s) of.real property, l6cated within the -City of South Bend, herby petition the: Common.Council of;the City. of South Bend for a real at. ixor#.qrs a n a irty tax abatement con s I d e iratt on. and pursuant rs u a n t to 1. C,. 6- ill 71 L 1-1, gtj eg. propi�and S WOW, 4f tlon state the above. o Municipal Cede Sec. 2-76 aLLeg, for peti I � WWn, ater J. Agostino, Attorney for Fetltloner 1.01 00-1411. 13/18/2021 'ri7r ti '• }� L`�Jt �y'.,a•✓ . e+.i ` :..,sFQr Staff `'se..Ohy:Bejaw:iis; ; :r What Isthaturrua? '. Realproperty:.. 1,557,300 %81 Property s1. Whatlsth0 projected ej ssed value? Rcal'Proper{y:. 3,357,000 a}Property: V!hatlsthe.tax key nyl`rrloa�,tarth[5pra]eC7. 71-03-18-400-010.000-009 71-03-18-400-011.000-009 WhatIsthesixd191tNA] C5tode7 332311 Pie Else.. attach.a GDOE le tnayand street VIEV).Of the focation.. : Attached Please Ilst the ainouatof real and personal property takes Pal d for the last five yorswhen a IS[ahle, Reef Pro;i".Taaes: Pe onel FrvAe?4! T3Mer a} i ; ;:; a ';4• r 2i1Z4iPa ' ?fill vear O ie 148,307 2i) 9/2020 Year.Twa 0 20I8120 rear.Three 28,988 20 7/2018 Year.Pou '''4 58,97 206/MIT YearFlve " 63,528 Please fill out fhe following Pub11c SerleG[ Sunmary Information and,add to.total from.above. Y or N '. Points Points Publlc Benefit.ltemi .;: ' .. . . ',%rj.dr'P •f, i eY ..r �„�1e. [O B •E BtBd� �.. .;_",...1•-„ .I :; 5 q, • Redevelop a 51te that 65 Special Needs 49 B.' develop Based on LOCaI:Unlyerslty Res arch 35 C,'.. Achieve a:PlhySlca!Element of a ?fan 36 Sub -tots I. P ro] ect Re] a to d : 120 ." 6 .Super Size Prolect,'jpoint values are cumidativO: 25 25 10056 to..i9.99.; B: 2GOS5 to 299Yo' ° 68 C.: 3ON to 399Ya -'.: 65 G. < .. 4Q'-% aRd. Over 52 Sqb -tot aI uper51te Projects: 93 210 7.;. Py for, M un l L I Da f1 nfra 5t rU Ctu re: q. Pay for `Jvv.s121ng or tlpgrading 14 B. Ray fcr 25.50% of Extension most C. Pay for 51-75% of ExtensionC6 q, Pay:far.76 10uY oiExtenslon Cast. Sub-totallnfrastructure Related: 26 39 S2 131 Total from-Appl Ica 6t5ectiori:. 539 Total from'5taff 5ectlon:-'.': 93 461 Total Public Benefit Points; ' 41 R 1000 STATEMENT OF BENEFITS REAL ESTATE IMPROVEMENTS State Form 61767 (R6/1a-14) Filed in Clerk's Office APR 08 2021 DAWN M.'JONES CITY CLERK, SOUTH BEND, IN Prescribed by the Department of Local Government Finance This statement. is being completed for real property that qualifies under the following Indiana Code (check one box): �Q Redevelopment or rehabElitafion of real estate improvements (IC 13-1.1-12.1.4 I , I Residentially distressed area (IC &l.1-12,1-4.1) 20— PAY 20,-_ FORM SB4 f Real Property PRIVACY NOTICE Any Informatian concamlag the teat of the pmper�y and speci[Ic salaries pold to Individual ampFoyoe4 by trio pprop•gY owner Is confi0anaal per lC 6 1.1.121-5.1 INSTRUCTIONS;. 1, This statemenf must be submitted to the body designating Iho Economic Revitalization Area prior to the public hearing if the designating body requires inrofmation from the applicant in making its decision about whelher to desIgnale an Economic Revitaldratlonxrea. Otherwise, Ibis slatfernenf must be submitted to tha designating body BEFORE the redevelopmend or rahabillfaflan of real property for which the person wishes to claim a deduction. 2. The sfefemenf ofbeneft fame must be submAtedto tha designating body end the area designatodan economicrevitalirafion area before the Initiation of the redevelopment or rehabilitation for wklch the person desires to claim a deduction. 3. To obtain a deduction, a Form 322114E must be fried wish the County Auditor before? May 10 In the year in which the addition to assessed valuation Is made or not later than thlrfy (3T days aRer the assessment notica is r la4ad to the proporfy owner if it was malted after April 10, A properly owner who failed to frla a deduction application within the prescribed deadline may Re an application between March 1 and May 10 of a subsequent year. 4. A property owner wino !lies for the deduction must provide the CountyAucNor and designating body with a Form CF 1lReal Property. The Form CF-11Reel Property should be attached (o the Form 3221RE when the deduction is first claimed and then updated annually for each year The deduction is applicable. IC Cr i.1.12.1-5, leb) 5. For a Form S9-1114eat property that is approved aRer June 30, 2013, The designralirlg bocy is required fo establish an abatement schedule for each deduction allowed. For a Form S&ilReal Property fhal Is approved prior to July 1, 2013, the abatement schedule approved by the dasignaling body remains in effricl. IC 6-1.1.12. r-17 SECTION•- • Name of taxpayer Delta Management Company LLC Address of taxpayer (number end s6ecf, dN:sfole, endZfPcWa) 4755 Ameritech Drive, South Bend, IN 46627 Name or ccntact rwn I Teleprwnenamher L 4a- kc� Gj t � a E-mall address 1wharlan&mustorricontrolsvi ` M —1" ( ) 312-343-3920 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of dexgnating body Resolution number Common Council of the City of South Bend Location of property County 04OF lazing district number 4:755 Ameritech Drive I St. Jospeh 009 - South Bend German t)escipbon of real prope ry imprmcmanLs, redevelopmtnt, orrehabllitoWn (use adWdonalsheetsifmcesmry) Es'drnnted stag de le (monlh, day, year) 1511/2021 30,000 SF addition to existing structure I EsllmatedoomploGon date (month, any, year) 11 /112021 SECTION 3 ESTIrA1AIE OF EMPLOYEES AND SALARIES AS RESULT OF ••• • PROJECT ti.unvrir numuor am "a Num[er resainad Saingus Number addlWnel $atones 50 50 1 10 In near 1 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL, ESTATE IMPROVEMENTS COST ASSESSED VALUE currenivalues NA; was purchased in 2001 ai 1 417 200 + 140,000 land Plus estimated values ofproposed project 1,800,000 1,800 000 Less values of any propertybeln replaced 0 0 Net estimated values Won com letlon.of ra act I 3,357 000 3,217 200 + 140.000 land SECTION• . r • OTHER BENEFITS PROMISED:TAXPAYER Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other beneflls •TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signalu f autho lead rcprca ve oil [a signed /month, doy, year) G:;•� - 3/24/2 q Hama of euthorlwd repro live Tide Laura Pfeil Elliott Member and Manager, Delta Property Managemefil Page 1 of 2 FOR OF DIESIONA71NG :Or 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 6-1.1-121, 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 rehabllltadon of real estate Improvements ❑ Yes ❑ No 2. Residentially distressed areas ❑ Yes ❑ No C, The amount of the deduction applicable Is limited to $ D. Other limitations or conditions (specify) E. Number of years allowed: j] Year 1 ❑ Year 2 ❑ Year 3 ❑ Year 4 [] Year 5 (" see below) 0 Year 6 ❑ Year 7 ❑ Year 8 ❑ Year 9 ❑ Year 10 F. For a statement of benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 6-1.1-12,1-179 ❑ Yes ❑ No 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 benefit Is sufficient to Justify the deduction described above, Approved (signature and llfle of authorized member ofdeslgnating body) Telephone number Date signed (month, day, year) Printed name of authorized member of designating body Name of designating body Attested by (signature and Mle ofaffester) 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 SBA/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 rive (5) years. For a Form SB-ilReai Property that Is approved after June 30, 2013, the designating body Is required to establish an abatement schedule foreach deduction allowed. The deduction period may not exceed ten (10) years. (See IC 6-1,1-12,1-17 below,) B. For the redevelopment or rehabilitation of real properly where the Form SB-1/Real Property was.approved prior Io July 1, 2013, the abatement schedule approved by the designating body remains In effect. For a Form S13-1lReai 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 revltallzatlon area and that �ecelves 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 slate minlmum wage, (4) The Infrastructure requirements for the taxpayer's Investment. (b) This subsection. applies to a statement of benefits approved after June 30, 2013, 6 designating body shall establish an abatement schedule for each deduction allowed under thla 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 Attachment 1 In support of Petition for Incentives filed by Delta Management Company, LLC to allow for facility expansion for tenant KW Custom Controls LLC Summary KW Custom Controls LLC (KWCC or tenant) and Delta Management Company LLC (Delta) are seeking a tax abatement coincident with the 30,000 s.f, expansion of the existing facility located at 4755 Ameritech Drive in South Bend. Projected cost of the expansion is approximately $1.8 million. Cost savings resulting from the tax abatement will facilitate the continued employment of approximately 50 people at KWCC, and growth in that employment base by approximately 20 over the first three years following the expansion. KWCC is a manufacturer of electrical packaged control houses and custom control buildings with deep, century -long roots in South Bend. KWCC and Delta are both controlled by the Pfeil family which has a similarly long -running history in South Bend and has supported the community generously. The Pfeil's most recent support of the South Bend community includes the following: (1) $500,000 gift in support of the expansion of the downtown South Bend library and (2) $250,000 committed to LaCasa code Almstead. Mr. Pfeil is a founder and continual supporter of The Music Village in South Bend, in addition to support he has provided to Bethel College, IUSB, and many other local concerns. Mr. Pfeil is a member of the County Council of St. Joseph County. Background The original Koontz Wagner Electric business was formed in the 1920's and grew to become a multi -division electrical products and services business. One of the divisions, started in the 1950's, manufactured electrical control panels, electrical shelters, and packaged control houses ("PCH") and over decades became a significant supplier in the industry. The Pfeil family's involvement with the business dates back to 1926. Over the course of several decades, this involvement led to ownership of the business until 2008 when the Pfeil family sold the business to High Street Capital. Following their purchase, High Street broke up and separately sold off Koontz Wagner Electric's divisions, including the sale of the PCH business to Global Power in 2012. Global Power is a publicly traded business based in Texas at the time and now known as Williams Industrial Services Group, LLC. Global Power subsequently completed other acquisitions and added locations in TX and ID. However, following a downturn in the industry and broader challenges in its business, Global Power put the PCH business (known as Koontz -Wagner Custom Control Holdings, LLC) into chapter 7 bankruptcy on July 11, 2018. As a result of the prior business involvement and ownership, the bankrupt business was well known to Richard Pfeil and Bill Harlan and Steve Vivian (through their prior involvement and ownership of another of the divisions). This investor group (Pfeil family and Harlan/Vivian) also had strong relationships with Don Eichstadt (former VP & GM of the PCH division) and Frank Stec (former Director of Sales of the PCH division). Following investigation and due diligence by Pfeil/Harlan/Vivian, along with Eichstadt and Stec who agreed to re -join the business, in 4755 Ameritech Drive South Bend, IN 46628 Attachment 1 In support of Petition for Incentives filed by Delta Management Company, LLC to allow for facility expansion for tenant KW Custom Controls LLC September 2018 the investor group (Pfeil and Harlan/Vivian) purchased the South Bend assets of the bankrupt Koontz -Wagner Custom Control Holdings, LLC and committed to re -starting the business under the name KW Custom Controls LLC (KWCC). KWCC was well capitalized, and had substantial support from the Pfeil family in getting re- started. KWCC re -hired approximately 50 people who had lost jobs following the bankruptcy filing. Immediately following the re -start, KWCC worked to complete a large purchase order, while also securing ISO and quality certifications, rationalizing facility expenses (KWCC had assumed leases on three South Bend locations occupied by the bankrupt business), and working to build a backlog of business by winning back customers left disappointed by the bankruptcy. KWCC successfully completed the large purchase order, and continued by winning back several key customers including Siemens, General Electric, and others. Facilities have been rationalized from three down to a single facility located at 4755 Ameritech Drive. This facility is owned by members of the Pfeil family who have provided a favorable lease to KWCC which was helpful in containing costs while re -starting the business. KWCC manages hundreds of projects annually, ranging from sub $100K to over $20 million in scope. Customers include Siemens, General Electric, and other large companies in the power generation, oil & gas pipeline, power utility, materials handling, telecom, and alternative energy industries. Project locations are worldwide. KWCC is now poised for growth and in need of additional manufacturing space. Following completion of the planned addition, KWCC anticipates hiring 20 additional employees over the first three years in the new space. 4755 Ameritech Drive South Bend, IN 46628 4/5/2021 4755 Ameritech Dr - Google Maps MapS 4755 Ameritech Dr J 1 i r ' � �4)55 Ame�ilech Dl, Soulh 8entl, IN �6628 q t.rw.�j Fisceee..y a Go "gle N r Map data @2021 200 ft : 4755 Ameritech Dr Building 0 (v&) Directions Save Nearby Send to your Share phone Q 4755 Ameritech Dr, South Bend, IN 46628 At this place https://www.google.com/maps/place/4755+Ameritech+Dr,+South+Bend,+IN+46628/@41.7402743,-86.3388349,17z/data=!3m 1 14b1 !4m5!3m4!1 sOx881... 1 /2 4/5/2021 4755 Ameritech Dr - Google Maps Koontz -Wagner Powerhouse 1.0 (1) Manufacturer KW Custom Controls LLC No reviews (i) Prefabricated house companies Directions https://w m.google.com/maps/place/4755+Ameritech+Dr,+South+Bend,+IN+46628/@41.7402743,-86.3388349,17z/data=!3m1!4b1!4m5!3m4!1sOx881... 212