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HomeMy WebLinkAboutBill No. 23-45 Crossroads Solar Enterprises LLC Declaratory 1901 Bendix Dr. ,* CITY OF SOUTH BF1NDFIJed in Clerk's Office , ; COMMUNITY INVESTMENT U � --_ JUL 2023 CITY CLERK, OU©H BEND, IN July 5, 2023 Council Member Rachel Tomas Morgan Chairperson, Community Investment Committee South Bend Common Council County-City Building, 4th Floor South Bend, Indiana 46601 RE: Declaratory Resolution: Personal Property Tax Abatement Petition for Crossroads Solar Enterprises LLC Dear Council Member Tomas Morgan: Please find the enclosed information pertaining to a personal property tax abatement petition submitted by Crossroads Solar Enterprises LLC, an Indiana Limited Liability Company. The abatement would apply to new equipment to be installed at 1901 N. Bendix Drive in South Bend. This petition package includes: • Department of Community Investment's summary report • Petition for abatement • Statement of Benefits form (SB-1 / PP) • Supporting information The report contains the Department's findings relative to the above-mentioned petition. The petitioner plans to purchase and install a new construction line at a cost of$1,000,000. The investment is projected to quadruple the production of solar panels and will enable Crossroads to hire 15 new full-time employees. The project meets the requirements established by Sections 2-79 et seq. and would qualify for a five-year (5) personal property tax abatement. A representative from Crossroads Solar Enterprises LLC will be available to meet with the Committee on Monday, July 10, 2023. If you or any of the other Council members have questions concerning the report or need additional information, please contact me at (574) 235-5838. Sincerely, Erik Glavich Director, Growth and Opportunity EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 1400S County-City Building 227 W.Jefferson Blvd. South Bend.Indiana 46601 p 574.235.4371 www.southbendin.gov Filed in Clerk's Office BILL NO. 23-45 JUL 0 5 2023 RESOLUTION NO. 5042-23 DAWN M.JONES CITY CLERK,SOUTH BEND,IN 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 1901 N. Bendix Drive, South Bend, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-YEAR (5) PERSONAL PROPERTY TAX ABATEMENT FOR Crossroads Solar Enterprises LLC WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 1901 N. Bendix Drive, South Bend, Indiana 46628, and which is more particularly described as: Business Personal Property and which has Key Numbers to be assigned, 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,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 pursuant to Indiana Code 6-1.1- 12.1-4.5 et seq. that: A. The estimate of the cost of the new industrial and manufacturing equipment is reasonable for equipment of that type; B. 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 installation of new industrial and manufacturing equipment; C. 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 installation of new industrial and manufacturing equipment; D. Any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed new industrial and manufacturing equipment; and E. The totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new industrial and manufacturing equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that 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 6-1.1-12.1-4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community Investment and the Community Investment Committee's favorable recommendation that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall expire on December 31, 2026. SECTION V. 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 below pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 95% Year 3 - 90% Year 4 - 85% Years - 80% SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Sharon McBride, Council President South Bend Common Council Attest: Dawn M. Jones, City Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana, on the day of , 2023, at o'clock .m. Dawn M. Jones, City Clerk Office of the City Clerk Approved and signed by me on the day of ,2023, at o'clock .m. James Mueller, Mayor City of South Bend Filed in Clerk's Office JUL 0 5 2023 DAWN M.JONES CITY CLERK,SOUTH BEND IN TAX ABATEMENT REPORT TO: South Bend Common Council FROM: Erik Glavich, Director, Growth and Opportunity SUBJECT: Personal Property Tax Abatement Petition for Crossroads Solar Enterprises LLC DATE: July 5, 2023 On July 5, 2023, a petition for tax abatement from Crossroads Solar Enterprises LLC was filed with the Office of the City Clerk. The petition seeks consideration for a personal property tax abatement for property located at 1901 N. Bendix Drive in South Bend. Pursuant to Chapter 2, Article 6, Section 2-84.9 of the Municipal Code of the City of South Bend, the 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 Indiana Code 6 1.1-12.1 and 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 • Crossroads Solar Enterprises LLC is purchasing equipment for $1 million to create a second production line. This investment will greatly enhance production and will enable Crossroads Solar to hire 15 new full-time employees by the end of 2023. • Crossroads Solar's goal is to produce top quality solar panels with people who have made mistakes, creating second chances, and fostering a greener earth one panel at a time. The company's employees are released felons who have served their time and earned the opportunity to reenter the workforce with dignity. • Crossroads Solar recently moved production to 1901 N. Bendix Drive after outgrowing their former space located on E. Sample Street. Employment Impact • Crossroads Solar will retain the 14 employees currently working at the facility. • By the end of 2023, the petitioner expects to hire at least 15 new full-time employees with an estimated total annual payroll of approximately $750,000. Tax Estimates The petitioner qualifies for a five-year(5) personal property tax abatement. • Estimated personal property taxes on the new equipment during the five-year(5) abatement period: $80,573 o Estimated taxes being abated during the abatement period: $68,651 o Estimated taxes to be paid during the abatement period: $11,922 Abatement Qualification 1. A review of the tax abatements previously granted finds that the petitioner has not been granted or is associated with a previous abatement. 2. The property is properly zoned for the proposed project. 3. Taxes on the property have been paid in full. 4. A review of the South Bend Redevelopment designation areas finds that the property is 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 5-year personal property tax abatement under Division 10 (Personal Property Tax Abatement), Section 2-84.2 (Tangible Personal Property Tax Abatement). 2 5-Year Abatement July 5,2023 Crossroads Solar Enterprises LLC South Bend Portage Township Personal Property Tax Abatement Schedule Estimated Equipment Cost: $ 1,000,000 Asset Pool: Pool#3(9-12 years) Property Address: 1901 N.Bendix Drive Tax Key Number: TBD Year 1 Year 2 Year 3 Year 4 Year 5 Assessed Value(AV) True Tax Value(TTV) 40% 60% 55% 45% 37% New Base(Equipment Cost x TTV) 400,000 600,000 550,000 450,000 370,000 Abatement 100% 95% 90% 85% 80% Abatement Deduction (400,000) (570,000) (495,000) (382,500) (296,000) Net Assessed Value - 30,000 55,000 67,500 74,000 Property Taxes Assume constant tax rate of 5.2897% Gross Tax(Tax Rate x Net AV) - 1,587 2,909 3,571 3,914 Debt Service(0.3997%of Net AV) - 120 220 270 296 Local Tax Credit(8.7112%of GT-DS) - (128) (234) (288) (315) Circuit Breaker Credit - - - - - Taxes Due $ - $ 1,579 $ 2,895 $ 3,553 $ 3,895 Circuit Breaker Cap 3% 3% 3% 3% 3% 12,000 18,000 16,500 13,500 11,100 Proj Year Abatement New t Taxected Taxes Abated NePa Paid Taxes 1 100% $ 13,599 $ (13,599) $ - 2 95% 20,398 (18,819) 1,579 3 90% 18,698 (15,803) 2,895 4 85% 15,299 (11,746) 3,553 5 80% 12,579 (8,684) 3,895 Years 1-5 Total: 80,573 (68,651) 11,922 Years 6-10 Total: 35,017 - 35,017 This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2022 Payable 2023. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. ;`na 1. Department of Community Investment • City of South Bend Filed in Clerk's Office - - - All 20/3 Cit of South Bend Instructfons:Complete pages 1A ?►U�y�"_ Y AND the proper Form SB-1 for TC yyf NI. ONES Petition for Incentives the type of abatement(real _'+' 1a� THBEND,IN property or personal property) Petition must Include o$250 filing fee payable to the Qty Clerk's Office for which you are applying. - ' before processing con be complete General Information Project Name [ Project Number Legal name as registered with Secretary al State Crossroads Solar Enterprises LLC Business structure LLC Company website crossroads-so l a r.com Proposed Project information Proposed project address 1901 N.Bendix Dr Parent company name Crossroads Solar Enterprises LLC City,State,Zip I South Bend,IN 46628 Legal owner Crossroads Solar Enterprises LLC Site acreage or acreage required Is the real estate owned Owned or leased? Square feet of facility If leased,by whom? 'N/A Primary Contact Information Primary company contact name Tide Patrick Regan President Address of company contact 1901 N.Bendix Dr Phone 607-759-1058 I Oty.State,Zip South Bend, IN 46628 Finatl patrickregan@crossroads-solar.com Senior Official Information Company senor critic-Sal name See above n`~ Address of company contact Phone Indifferent horn above) IOry,State,Zip I Email 'Consultant Information/Agent Hired business consultant/agent name N/A IConsuitant release?(YIN) Address I Local economic development partners approval?(Y/N) City,State,Zip Em ail Project Overview Brief description of your company,project,and why the We are currently expanding our productive capacity and workforce and property is necessary for have purchased a new and much larger) assembly line. This expansion economic growth Will require doubling our workforce. We have plans for 2025 to add another assembly line to further expand opportunities. Crossroads Solar produces solar panels for the solar industry, we do so with men and women reintegrating from incarceration back into society. We provide jobs and opportunities for these men and women where otherwise they may struggle. Certified Technology Park appropriate I N/A Is the project In a Tao incremental Flnandng (TIF)weal if so.which? River West Have Badding Permits been Issued?rN7 1 Numbs res)endaj units Geared by (Note-Not eligible for abatement if yesj N protect N/A 11`11 If this Is a petition for personal property tae abatement,has the equipment been installed? No Investment Details Public Infrastructure needs Has any 504 funding been What Is the value of any equipment being purchased In What Is the value of any equipment besot (Off-site of project In dollars) received? Indiana for the pro)ea? purdtased from out of state for the protect? N/A N/A 0 $1,000,000 New Prgjecg Investments Calendar Year 2022 2023 2024 2025 2026 2027 2028 2029 Land Acquisition Building Lease Payments i-30,000.00 $85-00 - Beliding Purchase Costs New Building ConsOuction Existing Building Improvements New Machinery&Equipment ;;,1101)00 _ . SpeCat Tooling/Retooling New Furniture/Els-tures New Com puter/fT Hardware ' New Software • Onsite Rail Infrastructure On-site Fiber Infrastrurnre i TOTAL $0.00 s r O4lO,C00 00 $85.00 s, oo,Olul cc 5 0.00 5 0.00 $0.00 $0.00 Full-Time Permanent Indiana-Resident Positions by Calendar Year Calendar Year lobs retained Hourly Cumulative a of net Erdal full time Hourly averaee wage,w/o .Total training Tokal a td be 417ivera a o permanent lobs created at project benefits or bonuses,of expenditure• trained-not wale.w benefits or wmulanvenet new lobs not cumulative bonuses cumulative 2023 14 5 20 80 15 3 25 00 15 2024 1 2026 15 S 26 00 15 2026 2027 2028 2029 2030 2031 2032 2033 2034 Provide hourly wage Information for new employees in the following positions. Full time Part time Laborers $18.00 Technical $25.00 Managerial $25.00 Administrative $40.00 who will to the.odimdual responsible for coordinating with WortiOne on recruiting? Does your company have an EEO hiring policy? [ Are you an EEO anpioyer? Please list the number of full time and part time minority and/or female Pleas*describe your commitment to employees for the follawtng years: diversity and Inclusion by detailing your 1 --t outreach and recruitment efforts for the last ' hear 2023 I 2022 I 2021 three years as web as current polities. Full Time Part Time Full Time Part time Full Time Part Time Black I 1 4 I 4 We only hire men and women coming out of F I I F I I- poser,Our popuLairon to some degree dictates I Hlupanlc , I I 2 I I I our commitment to rhvenny Out ouriudiceai _.---- 7 — --1-- h -t 1I system largely shapes our eligible pool of I Asian I I I I I t apn.ican;s.We work aim with S9 reenty and 3 lot with the SB parole system The dwersdy of I in sen I I I I I our labor force liuruales n part because our __ __ , willingness to nee tram the reentry program. Female J 3 i I 4 II I When nor workers'gohome-from the Center e often lose dwersily or a snort tilts penin I Other 1 1 1 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 earned Earned Points AvaIla¢te Paints you qualify for the points,please enter the full amount of available (Yes or No) points. 1 SgritruStlon Related fOntractonl: A. Employ Local Companies(75%) 20 B. Purchase Materials from Local Companies(75%) 20 C. Require Employees vs.Independent Contractors 19 0. Require Prevailing Wage 22 E. Require Health Benefits 22 F. Require Retirement Benefits 18 G. Maintain Affirmative Action Plan 20 15ub total Construction Related: 0 141 2 wg b Benefit RSDS Own* A. Pay Target Wage Levels V 33 33 8. Provide Health Benefits Y 34 34 C. Provide Retrement Benefits Y 29 29 D. Provide Training Y 28 28 E. Provide Chid Care IS F. Provide Transportation Assistance 14 G. Provide Employer Assisted Housing program 9 Sub-total Wage 8 Benefit Related: 124 162 3 Workforce Relatgd: A. Create New lobs V 42 42 B. Retain Existing Jobs Y 41 41 C. Maintain Affirmative Action Plan Y 35 15 D. Provide Targeted Hinr•.g Preference Y 34 34 Sub-total Workforce Related: 152 152 C 4 bppgr9 a Munlclpgllas y. Support a SB Municipal Facility(donations to the A. zoo,conservatory,museum,etc) N 0 84 Name of Facility ' I Isub-total Municipal Facility: '1 84 Sub-total from Above: 276 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 pensF''i iT-property tax abaturnent consideration and pursuant to I.C.,6-1.1-12.1-1,et seq„and So Bend M {pal Code Sec -76 et seq.,for this petition state the above. Submitted By: 17 (4,,,7" •t . Date: 7//w 3 For Staff Use Only Below This Line N/A-Personal Property:New Assembly the What Is the current assessed value? Real Property: Personal Property: What Is the projected assessed value? Real Property: Personal Property: What is the tax key number for this project? What Is the six digit NAILS code? Please attach a Goo`te map and street New of the location. Please list the amount of real and personal property taxes Real Property Taxes: Personal Property Tares: paid for the last five years when applicable. Year One 86,123.10 Year Two Year Three $4,364.98 Year Four Year Flve Please fill out the following Public Benefit Summary Information and add to total from above. (Y or NI 1 Points Points Public Benefit Item: Protect Related: 5 A. •Redevelop a Site that has Special Needs 49 B Develop Based on Local University Research 35 !Achieve a Physical Element of a Plan 36 Sub-total Project Related: 12C SuQgr Site Projegs joint values are cumulative': A. 100%to 199% 25 B. 2170%to 299% 68 C. 300%to 399% 65 400%and Over - 52 ISub-total Super Sloe Projects: 210 7 Pay for Municipal Infrastructure: A. .Pay for Oversiung or Upgrading 14 B. Payfor2650%ofExtensionCost 26 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: 276 539 Total from Staff Section: 0 461 Total Public Benefit Points: 276 1000 Filed in Clerk's Office i JUL 0 5 2023 DAWN M.JONES CITY CLERK,SOU IhtstND,IN Filed in Clerk's Office JUL 0 5 2023 «,,�,,•,,� STATEMENT OF BENEFITS DAWN M.JONES FORM SB-1 'PP y - 'i PERSONAL PROPERTY CITY CLERK,SOUTH BEND,IN x' i State Form 5175d(R5 i 1-21) PRIVACY NOTICE � � Prescribed by the Department of Local Government Finance Any information concerning the cost of the properly and speofic salares paid to individual employees by the property owner is confidential pet IC 6-1.1-12.1-5.1 INSTRUCTIONS I This srateinent must he submitted to the body designating rim 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 a person installs the new manufacturing equipment and/or research and development equipment,and/or logistical;lrstnbuuon equipment and/or information technology equipment 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 installation of qualifying abatable equipment for which the person desires to claim a deduction 3 To octain a deduction.a person must file a certified deduction schedule with fuse person's personal property return on a certified deduction schedule (Form 103-ERA)with the township assessor of the township where the property is situated or with the county assessor it there is no township assessor for the township The 103-ERA must be hied between January 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional unless a filing extension has heen obtained A person who obtains a filing extension must file the form between January 1 and the extended due date of that year 4 Property owners whose Statement of Benefits was approved,must submit Form CF-1/PP annually to show compliance with the Statement of Benefits (1C 6-1 1-12 1-5 6, 5 For a Form SB-1/PP that is approved after June 30.20.13 the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/PP that is approved prior to July 1.20+3 the abatement schedule approved by the designating body remains in effect 'IC 6-1 1-12 I-17) SECTION 1 TAXPAYER INFORMATION Name of taxpayer Name of contact person :nRegan Crossroads Solar Enterprises LLC First Milne. Patrick LodNac Address of taxpayer Telephone number Cor.,d .,m,I,,..-4,V,, 1901 N. Bendix Dr South Bend 0:,1x IN sir 46628 (607)759-1058 ......r-.....--.. SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number(s) Common Council of the City of South Bend Location of property County DLGF taxing district number V,1➢b[ chit,,R01- 1901 N. Bendix Dr (“r South send st,.:,-IN z, 46E28 St.Joseph 026(South Bend-Portage) Description of manufacturing equipment and/or research and development equipment ESTIMATED and/or logistical distribution equipment and/or information technology equipment. START DATE COMPLETION DATE !Use addhttonal sheets if necessary! The equipment is a fully automated solar panel assembly Manufacturing Equipment line. It will include a laminator, sun simulator, framing, R&D Equipment /soldering unit and numerous conveyors. This equipment will increase our productive capacity by 4X. Logist Dist Equipment IT Equipment SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number 1 Sward.' Q 582 4�0 Number Retained 14 Salaries 582,4�� Number Additional 15 Salaries 750,000 SECTION 4 J ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE:Pursuant to IC 6-1.1-12.1-5.1(d)(2j the MANUFACTURING R&D EQUIPMENT EQUIPMENT IT EQUIPMENT , EQUIPMENT COST of the property is confidential. COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED VALUE VALUE VALUE VALUE Current values $o Plus estimated values of proposed project $1.000000 Less values of any property being replaced 5 0 Net estimated values upon completion of protect 5'On7.i,o0 $0 $0 $0 $0 I $'' $0 $0 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted ipou,uis) 0 i estimated hazardous waste converted(pounds) 0 Diner benefits. — SECTION 6 TAXPAYER CERTIFICATION i I hereby dy that th• representat this statement are torr Sign.tur or autho' ed• pies live Dale sig d condi day year) bd`P -i , 7 / i-306,- P- - .I-n n,.te of outhunted ewes . :tie, Title Page 1 of 2 FOR USE OF THE DESIGNATING BODY We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, provides for the following limitations as authorized under IC 6-1.1-12.1-2 • A. The designated area has been Limited to a period of time not to exceed calendar years'(see be/ow). The date this designation expires Is . NOTE'This question addresses whether the resolution contains an expiration date for the designated area B.The type of deduction that is allowed in the designated area is limited to: 1 .Installation of new manufacturing equipment; ❑Yes ❑No ❑ Enhanced Abatement per IC 8-1-1-12.1-18 2. Installation of new research and development equipment; ❑Yes ❑No Check box if an enhanced abatement was approved for one or more of these types. Yes 3. Instaltatron of new logistical distribution equipment. ❑ ❑No 4.installation of new information technology equipment ❑Yes ❑No C.The amount of deduction applicable to new manufacturing equipment is limited to$ cost with an assessed value of $ . (One or both lines may be filled out to establish a limit,if desired) D.The amount of deduction applicable to new research and development equipment is limited to S cost with an assessed value of t $ (One or both lines may be fined out to establish a limit,if desired.) E The amount of deduction applicable to new logistical distribution equipments limited to$ cost with an assessed value of $ . (One or both lines may be tilled out to establish a limit,if desired.) F. The amount of deduction applicable to new information technology equipment is limited to$ cost with en assessed value of . (One or both lines may be flied out to establish a limit.if desired G. Other limitations or conditions(specify) H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction is allowed for ❑ Year 1 ❑ Year 2 ❑ Year 3 ❑ Year 4 I] Year 5 ❑Enhanced Abatement per IC 6-1.1-12.1-18 ❑ Year 6 Year 7 ❑ Year 8 ❑ Year 9 ❑ Year 10 Number of years approved:❑ (Enter one to twenty(1-20)years;may not exceed Twenty(20)years) I. For a Statement of Benefits approved after June 30.2013,did this designating body adopt an abatement schedule per IC 6-1-1-12.1-177 ❑Yes ❑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. Also we have 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 by:(signature and title of atiihonzed member of designating body) Telephone number Date signed(month.day year) 1 1 Pinned 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 titan the number of years designated under IC 6-1.1-12.1-17. 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 Nage. (4) The infrastructure requirements for the taxpayer's investment. (b)1 his 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.Except as provided in IC 6-1.1-12.1-18,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 abateme t schedule expires un.a �" the terms of the resolution approving the taxpayer's statement of benefits. Filed ed (n Clerk's Office JUL 5 2023 Page2of2 DAWN M.JONES CITY CLERK,SOUTH BEND,IN Current solar panel construction line located at 1901 N Bendix Dr. 4 r. . 7 a 1 r rJ may_r L.T A rr, 1 �,Y illX16 _� * G •ii-q- --tiC". ,.* ri,:!•-cvv--- !.r-,. , .. -- —ate f'l +4" _ , ,:, _ SZ' / Diagram for second solar panel assembly line ,,� _ - . I' L /..1404. I .1 II11111 II II 1.1r:-` III N Jre 1 ii tee*e,•yI — q tort. rwt TT 11.....7,,,,,,•,, ,,..r.,,,T,„,„.....-„,.„."- , .1 1 11 Gad Igil .. t. Fm:,,,as irrr.lake `C�an.-1?- iu 1----1•"'' ' 3. , A� I ,,,,-1= 4 i ' Aerial and Street Views ,A*4 View Looking West from N Bendix Dr 1111 U II ,IIr ty,s t= ' ti e in er4—s juL 0 5 2023 DAWN M.JONES CITY CLERK,SOUTH BEND,IN