HomeMy WebLinkAbout24-39 Designating Resolution - 530 South Michigan Street Vacant Building Tax Abatement CITY OF SOUTH BEND
,` -P (F- "y` COMMUNITY INVESTMENT
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1
November 20, 2024 Filed in Clerk's Office
Council Member Troy Warner a • L'
Chairperson, Community Investment Committee ```�� 2 [ t
South Bend Common Council Bianca Tirado
County-City Building, 4th Floor City Clerk, South Bend, IN
South Bend, Indiana 46601
RE: Declaratory Resolutions (2): Vacant Building Tax Abatement Mixed-Use Development
Real Property Tax Abatement for EmpowerHer Development, LLC
Dear Council Member Warner,
Please find the enclosed Declaratory Resolutions and supporting information pertaining to a tax
abatement petition submitted by EmpowerHer Development, LLC, an Indiana Limited Liability
Company. This petition package includes:
• Department of Community Investment's summary report
• Petition for abatement
• Statement of Benefits forms (SB-1 / Real Property)
• Supporting information
The report contains the Department's findings relative to the above-mentioned petition. The
petitioner intends to redevelop the property at 530 S. Michigan Street into a commercial
kitchen, food market, and boutique hotel. The building has been vacant for several years.
The total investment for this project is $1,631,500. The project meets the qualifications for two
abatements: a two-year (2) vacant building tax abatement and an eight-year (8) mixed-use
development real property tax abatement.
A representative from EmpowerHer Development, LLC will be available to meet with the
Committee on Monday, November 25, 2024.
If you or other Council members have questions about the report or need additional information,
please feel free to call 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 574.235.9371 www.southbendin.gov
Filed in Clerk's Office
N O V 2 0 2024
BILL NO. Bianca Tirado
RESOLUTION NO. 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
530 S. Michigan Street, South Bend, Indiana 46601
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
TWO-YEAR (2) VACANT BUILDING TAX ABATEMENT FOR
EmpowerHer Development, LLC
WHEREAS, a petition for real 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 areas described as:
Key Number: 71-08-12-307-005.000-026
Local Parcel Number: 018-3017-0650
Commonly Known As: 530 S. Michigan Street
Legal Description: Lot 11 Ex 23 Ft 10 7-8 In N Side Martins Add
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 Key Number and legal description 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, is 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 Areas shall expire on December 31,
2027.
SECTION VI. The Common Council hereby determines that the property owner is qualified for
and is granted a vacant building property tax deduction for a period of two(2)years outlined below
as well as shown by the attachment pursuant to Indiana Code 6-1.1-12.1-17.
Year 1 - 100%
Year 2 - 75%
SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of
this Declaratory Resolution for a Vacant Building 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.
Sharon McBride, Council President
South Bend Common Council
Attest:
Bianca Tirado, 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 , 2024, at
o'clock .m.
Bianca Tirado, City Clerk
Office of the City Clerk
Approved and signed by me on the day of , 2024, at o'clock
.m.
James Mueller, Mayor
City of South Bend
TAX ABATEMENT REPORT
TO: South Bend Common Council
FROM: Erik Glavich, Director, Growth and Opportunity
SUBJECT: Vacant Building Tax Abatement and Mixed-Use Development Real Property Tax
Abatement for EmpowerHer Development, LLC
DATE: November 20, 2024
On November 20, 2024, a petition for tax abatement from EmpowerHer Development, LLC, was
filed with the Office of the City Clerk. The petition seeks consideration for (1) a vacant building
tax abatement and (2) a mixed-use development real property tax abatement for the historic
former Hope Rescue Mission Building located at 530 S. Michigan Street 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, investigated the area, and
makes the following report.
Project Summary
• The developer, EmpowerHer Development, LLC, plans to rehabilitate the abandoned
former Hope Rescue Mission Building on South Michigan Street. Built in 1923, the
building has been vacant for a number of years. EmpowerHer Development, LLC,
purchased the property late last year.
• The renovation project will consist of renovating the building to become a shared
resource for local food entrepreneurs by establishing an affordable commercial kitchen
space and hands-on resources. Also, the building will be renovated with a section
consisting of a food market and a boutique hotel.
• Total private investment for the project is $1,631,500.
Employment Impact
• EmpowerHer Development, LLC, plans to retain 3 full-time employees.
• Once the renovation is completed and the entire space is active, the petitioner estimates
that businesses located in the renovated spaces could hire approximately 8 new
employees with an estimated average wage of$25 per hour.
Tax Estimates
Vacant Building Tax Abatement: The petitioner qualifies for a two-year(2)vacant building tax
abatement.
• Current estimated annual taxes: $10,693
o Until EmpowerHer Development, LLC, purchased the building last year, the
building was tax exempt because it was owned by Hope Ministries.
• Estimated taxes being abated during the abatement period: $10,268
• Estimated total taxes to be paid during the abatement period: $11,119
Mixed-Use Development Real Property Tax Abatement: The petitioner qualifies for an eight-
year (8) mixed-use development real property tax abatement.
• Current estimated annual taxes: $10,693
• Estimated annual taxes after the project's completion: $39,150
• Total estimated taxes during the eight-year (8) abatement period: $313,196
o Estimated taxes being abated during the abatement period: $93,722
o Estimated total taxes to be paid during the abatement period: $219,474
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.
o Two of the three co-owners of EmpowerHer Development, LLC, also own
Herstoric Properties, LLC, which in June 2023 received both a vacant building
tax abatement and a six-year(6) mixed-use development real property tax
abatement for the Monarch Printing Building, which is located at 516 S. Michigan
Street and is immediately north of the Hope Rescue Mission building.
Confirming Resolution No. 5035-23 (vacant building tax abatement) and
Confirming Resolution No. 5034-23 (mixed-use development real property tax
abatement)were both adopted by the Common Council on June 26, 2023.
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.
2
5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets
the qualifications for the following:
• Two-year (2) vacant building tax abatement under Division 9 (Miscellaneous Real
Property Tax Abatement), Section 2-84 (Council's Authority to Enlarge Real
Property Tax Abatement General Standards).
• Eight-year (8) mixed-use development real property tax abatement under
Division 5 (Mixed Use Development Real Property Tax Abatement).
3
2-Year Abatement November 19, 2024
Empowerher Development LLC
South Bend Portage Township
Vacant Building Tax Abatement Schedule
Property Address: 530 S. Michigan Street
Tax Key Number: 71-08-12-307-005.000-026
Current Year 1 Year 2
Assessed Value(AV)
Land $ 88,900 $ 88,900 $ 88,900
Structure 227,100 227,100 227,100
Gross Assessed Value 316,000 316,000 316,000
Abatement(100%of Structure) 100% 75%
Abatement Deduction (227,100) (170,325)
Net Assessed Value 316,000 88,900 145,675
Property Taxes
Assume constant tax rate of 5.3548%
Gross Tax(Tax Rate x Net AV) 16,921 4,760 7,801
Local Tax Credit(12.3682%of GT-DS (1,943) (547) (896)
Circuit Breaker Credit (4,285) - -
Taxes Due $ 10,693 $ 4,214 $ 6,905
3% 3% 3%
Circuit Breaker Cap 9,480 9,480 9,480
Debt Service(0.3840%of Net AV) 1,213 341 559
Max Tax Under the Cap 10,693 9,821 10,039
Year Abatement Taxes Due Taxes Abated Net Taxes
Paid
1 100% $ 10,693 $ (6,480) $ 4,214
2 75% 10,693 (3,788) 6,905
Total: 21,387 (10,268) 11,119
This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2023 Payable 2024.
The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates.
.q,�
i � s s
Department of Community Investment
;; • g' City of South Bend
8-Year Abatement November 19,2024
Empowerher Development LLC
South Bend Portage Township
Commerical Development Real Property Tax Abatement Schedule
Type of Property: Mixed Use
Estimated Project Cost: $ 1,401,500 Rehabilitation
Property Address: 530 S.Michigan Street
Tax Key Number: 71-08-12-307-005.000-026
Without
Current Abatement Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8
Assessed Value(AV)
Land $ 88,900 $ 88,900 $ 88,900 $ 88,900 $ 88,900 $ 88,900 $ 88,900 $ 88,900 $ 88,900 $ 88,900
Structure(AV=60%Project Cost) 227,100 1,068,000 1,068,000 1,068,000 1,068,000 1,068,000 1,068,000 1,068,000 1,068,000 1,068,000
Gross Assessed Value 316,000 1,156,900 1,156,900 1,156,900 1,156,900 1,156,900 1,156,900 1,156,900 1,156,900 1,156,900
Abatement 100% 90% 80% 70% 60% 50% 50% 50%
Abatement Deduction - (840,900) (756,810) (672,720) (588,630) (504,540) (420,450) (420,450) (420,450)
Net Assessed Value 316,000 1,156,900 316,000 400,090 484,180 568,270 652,360 736,450 736,450 736,450
Property Taxes
Assume constant tax rate of 5.3548%
Gross Tax(Tax Rate x Net AV) 16,921 61,950 16,921 21,424 25,927 30,430 34,933 39,435 39,435 39,435
Local Tax Credit(12.3682%of GT-DS) (1,943) (7,113) (1,943) (2,460) (2,977) (3,494) (4,011) (4,528) (4,528) (4,528)
Circuit Breaker Credit (4,285) (15,688) - - - - - - - -
Taxes Due $ 10,693 $ 39,150 $ 14,978 $ 18,964 $ 22,950 $ 26,936 $ 30,922 $ 34,908 $ 34,908 $ 34,908
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Circuit Breaker Cap 9,480 34,707 34,707 34,707 34,707 34,707 34,707 34,707 34,707 34,707
Debt Service(0.3840%of Net AV) 1,213 4,443 1,213 1,536 1,859 2,182 2,505 2,828 2,828 2,828
Max Tax Under the Cap 10,693 39,150 35,920 36,243 36,566 36,889 37,212 37,535 37,535 37,535
Combined
Year Abatement Current Taxes New Current& Taxes Abated Net Taxes
Due Projected Tax New Taxes Paid
1 100% $ 10,693 $ 28,456 $ 39,150 $ (24,171) $ 14,978
2 90% 10,693 28,456 39,150 (20,185) 18,964
3 80% 10,693 28,456 39,150 (16,199) 22,950
4 70% 10,693 28,456 39,150 (12,213) 26,936
5 60% 10,693 28,456 39,150 (8,228) 30,922
6 50% 10,693 28,456 39,150 (4,242) 34,908
7 50% 10,693 28,456 39,150 (4,242) 34,908
8 50% 10,693 28,456 39,150 (4,242) 34,908
Total: 85,548 227,648 313,196 (93,722) 219,474
*This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2023 Payable 2024. ..r,° Department of Community Investment
The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. City of South Bend
City of South Bend Instructions:Complete pages 1-3
AND the proper Form SB-1 for
Petition for Incentives the type of abatement(real
property or personal property)
Petition must include a$250 filing fee payable to the for which you are applying.
"City of South Bend"before processing con be complete
General Information Project Name 1 he Hope Building Project Number
Legal name as registered with
Secretary of State EmpowerHer Development, LLC
Business structure Domestic Limited Liability Company
Company website
na
Proposed Project Information
Proposed project address 530 S. Michigan Street Parent company name EmpowerHer Development,LLC
•
City,State,Zip South Bend, IN 46601 Legal owner EmpowerHer Development,LLC
,Site acreage or acreage required Is the real estate owned Owned
1.7 or leased?
Square feet of facility 16,296 If leased,by whom? n/a
Primary Contact Information
'Primary company contact name Jasmine Bradley TitleCo-owner
Address of company contact '1143 E. Ireland Road,#1077 Phone (574)413-0081
City,State,Zip South Bend, IN 46614 Email inspire@thedreamcollectiveinc.org
Senior Official Information
Company senior official name Charity Stowe&Rachel Mospan Title Co-owners
Address of company contact Phone
(if different from above) 614 S. St. Joseph Street Charity:(574)300-8041;Rachel:(312)590-0062
City,State,Zip South Bend, IN 46601 Email P @9 P @q
charityherdevelo ment mail corn;rachelmos an mail cam
Consultant Information/Agent
Hired business consultant/agent name n/a Consultant release?(V/N)
Address Local economic development partners
approval?(Y/N)
City,State,Zip Email
Project Overview
Brief description of your
company,project,and why the The Hope Building will be a transformative space,combining a commercial kitchen,food market,and
property Is necessary for boutique hotel to drive local economic growth.EmpowerHer Development is a collaboration between Charity
economic growth Stowe and Rachel Mospan of Herstoric Development and Jasmine Bradley of the Dream Collective,and
aims to create a collective model that reduces overhead costs and provides shared resources for local food
entrepreneurs.South Bend currently has need of an accessible,affordable commercial kitchen space with
hands-on business resources,to create fewer barriers for aspiring chefs and small business owners.This
project directly addresses those challenges by offering flexible,affordable leasing options,mentorship,and
coaching.
In addition to the business development component,the food market will provide Monroe Park residents
with consistent access to healthy,affordable food,which is currently scarce.The boutique hotel will further
enhance the area,attracting visitors and providing additional revenue streams.By revitalizing the Hope
Building,this project will foster a more vibrant local economy,stimulate job creation,and enhance the
community's overall well-being.The combination of supporting small businesses,improving food access,
and adding new amenities in an underserved but central area of downtown will make the area a hub for
growth and inclusivity,contributing to the long-term economic vitality of South Bend.
Certified Technology Park appropriate n/a
is the project in a Tax Incremental Financing
iTIF)area? If so,which? River West
Have Building Permits been issued?(Y/N) Number of residential units created by
;Note-Not eligible for abatement If Yes) N project 0
If this is a petition for personal property tax abatement,has
the equipment been installed? n/ca
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 being
(Off-site of project In dollars) received? Indiana for the project? purchased from out of state for the project?
n/a No n/a n/a
New Project Investments
Calendar Year 2023 2024 2025 2026 2027 2028 2029 2030
Land Acquisition
Building Lease Payments
Building Purchase Costs $35,000.00
New Building Construction $500,000 00 $200,000.00
•
Existing Building Improvements
$ 1,500.00 $500,000 00 $200,000.00
New Machinery&Equipment 5100,000.00
Special Tooling/Retooling
New Furniture/Fixtures $75,000.00 $55,000.00
New Computer/IT Hardware I
New Software
On-site Rail Infrastructure
On-site Fiber infrastructure
TOTAL $35,000.00 $ 1,500.00 T.' 175000 0u 455,000 00 $0.00 $0.00 $0.00 $0.00
Full-Time Permanent Indiana-Resident Positions by Calendar Year
Calendar Year lobs retained Hourly Cumulative II of net NEW full time Hourly average wage,w/o Total training 1 Total 4 to be
avera a permanent Jobs created at project benefits or bonuses,of expenditure-6 trained-not
wage,w o
benefits or cumulative net new Jobs not N cumulative
bonuses cumulative 19
2024 3 $ 15.00 2 $20.00 $0 1 0
2025 5 $20.00 $1,000 i 2
2026 8 $25.00 $2,500 I 2
2027 8 $20.00 $0 I 0
2028 8 $21.00
2029 8 $22.00
2030 8 $23.00
2031 8 $24.00
2032 8 $25.00
2033 8 $26.00
2034 8 $27.00
2035 8 $28.00
Provide hourly wage information for new employees in the following positions.
Full time I I Part time
Laborers $20.00 I $ 15.00
Technical $35.00 $30.00
9
Managerial $50.00 I $25.00
Administrative $20.00 f S 15.00
Who will be the individual responsible for coordinating
with WorkOne on recruiting? n/a
Does your company have an EEO hiring policy?'y I Are you an EEO employer? Y
Please list the number of full time and part time minority and/or female Please describe your commitment to
employees for the following years: diversity and inclusion by detailing your
Year outreach and recruitment efforts for the last
.?.9 2023 2022 three years as well as current policies.
Full Time Part Time Full Time Part Time Full Time Part Time
Black
1Ne are seeking out female
Hispanic entrepreneurs and business
owners in all positions both within
Asian our company,with subcontractors,
Indian and when assembling our support
team of expertes in accounting,
Female 3 legal,architecture,marketing,and
Other s0 on.
Complete the table below for Real Property Tax Abatement only.
*** Sign at the bottom for all requested incentives (real AND personal property). ***
Public Benefit Item:
Information is required on both the construction companies and the I
companies which will provide materials purchased for this project.
Please complete the table below with the appropriate information. If Qualify Earned Points Available Points
(Yes or No)
you qualify for the points,please enter the full amount of available
points.
1 Construction Related(Contractors):
A. Employ Local Companies(75%) Y 20 20
B. Purchase Materials from Local Companies(75%) Y 20 20
C Require Employees vs.Independent Contractors N 0 19
D. Require Prevailing Wage N 0 22
E. Require Health Benefits N 0 22
F. Require Retirement Benefits N 0 18
G. Maintain Affirmative Action Plan N 0 20
Sub-total Construction Related: 40 141
2 Wage&Benefit Related(Owner):
A. Pay Target Wage Levels Y 33 33
B. Provide Health Benefits N 0 34
C. Provide Retirement Benefits N 0 29
D. Provide Training Y 28 28
E. Provide Child Care N 0 15
F Provide Transportation Assistance N 0 14
G. Provide Employer Assisted Housing program B 0 9
Sub-total Wage&Benefit Related: 61 162
3 Workforce Related:
A. Create New Jobs Y 42 42
B. Retain Existing Jobs Y 41 41
C. Maintain Affirmative Action Plan Y 35 35
D. Provide Targeted Hiring Preference Y 34 34
Sub-total Workforce Related: 1 52 152
4 Support a Municipal Facility:
Support a SB Municipal Facility(donations to the
A
zoo,conservatory,museum,etc.) Y 84 84
Name of Facility SB VPA(Potawatomi Conservatories)
ISub-total Municipal Facility: 84 84
Sub-total from Above: 337 539
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: Jasmine Bradley 'ue,mire ra. (ek1 Date: 10/16/24
For Staff Use Only Below This Line
Lehi 488,900
What Is the current assessed value? Real Property: 4/0D O /'�1 g' 7 I I b a Personal Property:
What Is the projected assessed value? Real Property: Personal Property:
What Is the tax key numberjsl for this project? -7 /_on _ /2.-3O 7_0 0 5 O p 0 .-. o z eo
W/ O 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.
Tax Year2023/Pay2024 O f/ope I(esc4,6 /SS'/a 7
Tax Year 2022/Pay 2023 .1
Tax Year 2021/Pay 2022 t r
Tax Year 2020/Pay 2021 of
Tax Year 2019/Pay 2020 i r
Please fill out the following Public Benefit Summary Information and add to total from above.
(Y or Ni Points Points
Public Benefit Item:
Project Related:
5 A. Redevelop a Site that has Special Needs Y 4/9. 49
B Develop Based on Local University Research N — 35 j
C Achieve a Physical Element of a Plan y (0 36
ISub-total Project Related: 8 S 120
6 Super Size Projects(point values are cumulative):
A, 100%to 199% Y Z5 25 III
B. 200%to 299% Y to g 68
C 300%to 399% .�) (,Q.5— 65
D. 400%and Over n/ 52
Sub-total Super Size Projects; /se 21C
7 Pay for Municipal Infrastructure:
A. Pay for Oversizing or Upgrading Al 14
B. Pay for 26-50%of Extension Cost Ai ) 26
C. Pay for 51 75%of Extension Cost /I r 39
D. Pay for 76-100%of Extension Cost ,� 52
Sub-total Infrastructure Related: 131
Total from Applicant Section: 337 539
Total from Staff Section: 2-Li3 461
Total Public Benefit Points: 5 8 0 1000
<,0"--`1. STATEMENT OF BENEFITS 2024 PAY 20 25
"_'p VACANT BUILDING DEDUCTION FORM SB-1/VBD
State Form 55182(R2/1-21)
Prescribed by the Department of Local Government Finance
PRIVACY NOTICE
This statement is being completed for real property that qualifies as an"eligible vacant building"as defined by The cost and any specific individual's
IC 6-1.1-12.1-1(17). salary information is confidential;the
balance of the filing is public record
per IC 6-1.1-12.1-5.1(c)and(d).
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 occupation of the eligible vacant building for which the person wishes to claim a deduction.
2. To obtain a vacant building deduction,a Form 322NBD must be filed with the county auditor before May 10 in the year in which the property owner
or his tenant occupies the vacant building or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was
mailed after April 10. If the property owner misses the May 10 deadline in the initial year of occupation,he can apply between January 1 and May 10
of a subsequent year.
3 A property owner who files the Form 322/VBD must provide the county auditor and the designating body with a Form CF-1NBD to show compliance
with the approved Form SB-1NBD. The Form CF-1NBD must also be updated each year in which the deduction is applicable.
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer EmpowerHer Development, LLC
Address of taxpayer
Number and Street: 530 S. Michigan Street city: South Bend State: IN ZIP: 46601
Name of contact person Telephone number E-mail address
First Name: Jasmine t.astNamc: Bradley (574) 413-0081 inspire@thedreamcollectiveinc.org
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body 'Resolution number
Common Council of the City of South Bend
Location of property County DLGF taxing district number
Number and Street: 530 S.Michigan Street City:southeend State: IN ZIp:46601 St. Joseph 026(South Bend-Portage)
Description of eligible vacant building that the property owner or tenant will occupy(use additional sheets if necessary). Estimated occupancy date(month,day,year)
Long vacant commercial 2-story building built in 1923 that used to be home 9/1/2025
to the Hope Rescue Mission. Estimated date placed-in-use(month,day,year)
9/1/2027
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS A RESULT OF PROPOSED PROJECT
Current Number Salaries $ 90,000 Number Retained 3 Salaries $ 90,000 Number AdditionalSalaries $ 400'000
SECTION ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS
COST ASSESSED VALUE
Current values $35,000 $227,100
Plus estimated values of proposed project $1,401,500 $840,900
Less values of any property being replaced $o $o
Net estimated values upon completion of project $1,436,500 $1,068,000
SECTION 5 EFFORTS TO SELL OR LEASE VACANT BUILDING
Described efforts by the owner or previous owner to sell lease,or rent the building during period of vacancy
The current owner purchased the building in December 2023. In its current state, it is inhabitable and in
dire need of repair.
Show amount for which the building was offered for sale,lease,or rent during period of vacancy.
n/a
List any other benefits resulting from the occupancy of the eligible vacant building.
Rehabilitate a long vacant building to provide shared resources for local food entrepreneurs, including an accessible,affordable
commercial kitchen space with hands-on business resources.Additionally,there will be a food market and a boutique hotel.The
combination of supporting small businesses, improving food access, and adding new amenities in an underserved but central area of
downtown will make the area a hub for growth and inclusivity, contributing to the long-term economic vitality of South Bend.
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations in this statement are true.
Signature of authorized representative Title Date signed(month,day,year)
�61.9itlYt2 '4 Co- Owner 11/20/2024
o Page 1 of 2
FOR USE OF THE DESIGNATING BODY
We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed
under IC 6-1.1-12.1,provides for the following limitations:
A. The designated area has been limited to a period of time not to exceed N/A calendar years*(see below). The date this designation
expires is 12/31/2027 . NOTE: This question addresses whether the resolution contains an expiration date for the designated area.
B. The amount of the deduction applicable is limited to$ N/A
C. Other limitations or conditions(specify) N/A
D. Number of years allowed: ❑ Year 1 ❑X Year 2 ❑ Year 3 ❑ Year 4 ❑ Year 5(*see below)
❑ Year 6 ❑ Year 7 ❑ Year 8 ❑ Year 9 ❑ Year 10
E. For a statement of benefits approved after June 30,2013,did the designating body adopt an abatement schedule per IC 6-1.1-12.1-17?
X❑ 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 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
Common Council of the City of South Bend
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.
IC 6-1.1-12.1-1
(17) "Eligible vacant building"means a building that:
(A)is zoned for commercial or industrial purposes;and
(B)is unoccupied for at least one(1)year before the owner of the building or a tenant of the owner occupies the building,as evidenced
by a valid certificate of occupancy,paid utility receipts,executed lease agreements,or any other evidence of occupation that the
department of local government finance requires.
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. 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 abatement schedule expires under
the terms of the resolution approving the taxpayer's statement of benefits.
Page 2 of 2
0` 6"4. STATEMENT OF BENEFITS 2024 PAY 2025
1, `= REAL ESTATE IMPROVEMENTS
' State Form 51767(R7/1-21) FORM SB-1/Real Property
mg. `�� 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
E Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of the individrtyual
al employees specific salaries
ties
p p paid to individual by the
❑ Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per
IC6-1.1-12.1-5.1.
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.
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 January 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(b)
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
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
Name of taxpayer
EmpowerHer Development, LLC
Address of taxpayer
Number and Street: 530 S. Michigan Street cite South Bend State: IN ZIP: 46601
Name of contact person Telephone number E-mail address
First Name: Jasmine N,m:e. Bradley (574)413-0081 inspire@thedreamcollectiveinc.org
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body Resolution number
Common Council of the City of South Bend
Location of property Number and Street City State ZIP County DLGF taxing district number
530 S. Michigan Street South Bend IN 46601 St. Joseph 026(South Bend-Portage)
Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year)
Rehabilitate a long vacant building to provide shared resources for local food entrepreneurs, 9/1/2025
including an accessible,affordable commercial kitchen space with hands-on business resources. Estimated completion date(month,day,year)
Additionally,there will be a food market and a boutique hotel. 9/1/2027
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current Number Salaries Number Retained Salaries Number Additional Salaries
3 $90,000 3 $ 90,000 8 $400,000
SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS
COST ASSESSED VALUE
Current values $35,00o $227,100
Plus estimated values of proposed project $1,401,500 $840,900
Less values of any property being replaced $0 $0
Net estimated values upon completion of project $1,436,500 $1,068,000
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted(pounds) 0 Estimated hazardous waste converted(pounds) 0
Other benefits
The combination of supporting small businesses, improving food access, and adding new
amenities in an underserved but central area of downtown will make the area a hub for growth
and inclusivity, contributing to the long-term economic vitality of South Bend.
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations in this statement are true.
Signature of authorized representative Date signed(month,day,year)
A''asoLilne'7raci Qet/,tl. 11/20/2024
Printed name of authorized representative Title
Jasmine Bradley Co-Owner
Page 1 of 2
FOR USE OF THE DESIGNATING BODY
We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed
under IC 6-1.1-12.1,provides for the following limitations:
A. The designated area has been limited to a period of time not to exceed 8 calendar years*(see below). The date this designation
expires is 12/31/2027 . NOTE:This question addresses whether the resolution contains an expiration date for the designated area.
B. The type of deduction that is allowed in the designated area is limited to:
1.Redevelopment or rehabilitation of real estate improvements ['Yes ❑No
2.Residentially distressed areas ❑yes No
C. The amount of the deduction applicable is limited to$ N/A
D. Other limitations or conditions(specify) N/A
E. Number of years allowed: ❑Year 1 ❑Year 2 Year 3 ❑Year 4 ❑ Year 5 (*see below)
❑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 6-1.1-12.1-17?
['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 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
Common Council of the City of South Bend, Indiana
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. Except as provided in IC 6-1.1-12.1-18,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. 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 abatement schedule expires under
the terms of the resolution approving the taxpayers statement of benefits.
Page 2 of 2
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