The URL can be used to link to this page

Home My WebLink About4957-22 Resolution Confirming Intersection Dylan Dr. and Adams Rd. 7 yr Tax Abatement United States of America * wo* - FILED - *- NOV032022 •at, AUDITOR ST. JOSEPH COUNTY Certificate -REc EIvED_ NO V 0 3 2022 STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: s - JOSEPH coUN7Y ASSESSOR I, Dawn M. Jones, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby certify that the attached and foregoing is a full, true, and correct copy of ORDINANCE 4957-22 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS Intersection Dylan Drive and Adams Road, South Bend IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR GLC Portage Prairie V LLC PASSED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,JUNE 13, 2022. PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, JUNE 17, 2022. ATTEST: SHARON L. MCBRIDE, PRESIDENT OF THE COMMON COUNCIL ATTEST: DAWN M.JONES, CITY CLERK the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph County, Indiana. IN WITNESS WHEREOF, I have hereunto seVny hand and affixed the official Seal of the City of South Bend, St. Joseph County, Indiana, this 6Avt day of li 20 022. ��' Dawn M. Jones ti • r r Clerk of the City of South Bend � St. Joseph County, Indiana RESOLUTION No. 4957-22 Passed by the Common Council of the City of South Bend, Indiana June 13, 20 22 . -)ZAttest: j / City Clerk Dawn M. Jones Attest; Ae- President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana June 13, 2022 )7e- • ' A City Clerk Dawn M. Jones Approved and signed by me J., 1 20 Z,L Mayor BILL NO. 22-22 RESOLUTION NO. 4957-22 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS • Intersection Dylan Drive and Adams Road, South Bend IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR GLC Portage Prairie V 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 Dylan Drive, South Bend IN 46628, and which is more particularly described as follows: Parcel ID: 025-1002-001301 • Parcel Number: 71-03-08-326-002.000-009 Legal Description:Lot 3 Portage Prairie Business Park 21/22 NP#208010/22/2020 and which has Key Number 025-1002-001301 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 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 seq. Year 1 - 100% Year 2 - 95% Year 3 - 90% Year 4 - 85% Year 5 - 80% Year 6- 75% Year 7- 70% 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. .1------ • 2----- Sharon McBri ,President South Bend Common Council Atter --)A-- ' 6j)//t Dawn M. Jones, City Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the City of outh Bend, to the Mayor of the City of South Bend, Indiana on the Iy day of 022 at IL o'clock at,.d•Out 41,10 3/Z- 1 ' Dawn M. Jones, City Clerk Office of the City Clerk 1 Approved and Signed by me, on the 17t.{� day ofJbia.�Mht 'LL 2022, at o'clock 4 . m. PIA/— James ueller, Mayor • City of South Bend flied in Clerk's Office MAY 16 2022 0° ---, STATEMENT OF BENEFITS DAWN{VI, I 20_PAY 20_ a JONES ir., :.e REAL ESTATE IMPROVEMENTS CITY CLERK, SOI tT :_;t ; -.� __ H BEND IN i _.`' State Form 51767(R6/10-14) ----.— FORM SB-1/Real Property i taro Prescribed by the Department of Local Government Finance PRIVACY NOTICE This statement Is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concerning the cost Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the property and specific salaries P P paid to individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) roperty owner is confidential per i IC 6-1.1-12.1-5.1. 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. i 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 failed to file a deduction application within the prescribed deadline may file an 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 6-1.1-12.1-5.1(6) 5. 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 1 deduction allowed. For a Form SB-1/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 s Name of taxpayer i GLC Portage Prairie V, LLC Address of taxpayer(number and street,city,state,and ZIP code) 130 S Main St. Suite 320, South Bend, IN 46601 i Name of contact person Telephone number E-mail address I ( ) 574-276-1897 ihall@greatlakescapital.com 1 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT 1 Name of designating body Resolution number City of South Bend Location of property I County DLGF taxing district number i St. Joseph Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) • June 1, 2022 296,400 SF warehouse building on 30 acres of land in the Ameriplex Industrial Park Estimated completion date(month,day,year) Jan. 1, 2024 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT •4 Current number Salaries Number retained Salaries Number additional Salaries 0 50-200+ $18 hr+ 9 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT 1 REAL ESTATE IMPROVEMENTS i • COST ASSESSED VALUE Current values 1900,000 t Plus estimated values of proposed project 1 15,000,000+ Asssessed Per Req 17 ; Less values of any property being replaced Net estimated values upon completion of project 15 000 000 Asssessed Per Rep 17 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER gggggg • Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits I I i SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized repress tative, I Date signed(month,day,year) 1 ` MAi 1t,, , zoLZ Printed name of authorized re..'.e el/e Title -JEFF SMoitE MAA.)A4.t;-11..-.. Page 1 of 2 . We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed under IC 6-1.1-12.1,provides for the following limitations: A. The designated area has been limited to a period of time not to exceed calendar years*(see below). The date this designation expires Is B. The type of deduction that is allowed in the designated area is limited to: 1.Redevelopment or rehabilitation of real estate improvements 0 Yes 0 No 2.Residentially distressed areas 0 Yes 0 No C. The amount of the deduction applicable is limited to$ • D. Other limitations or conditions(specify) E. Number of years allowed: ❑Year 1 0 Year 2 0 Year 3 0 Year 4 ❑ Year 5 ('see below) ❑Year 6 ❑Year 7 ❑Year 8 ❑Year 9 0 Year 10 F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17? ❑Yes 0N 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 (10)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. • A • Page 2 of 2 •