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HomeMy WebLinkAbout25-16 Designating Resolution - Real Property Tax Abatement for 25471 Cleveland Road CITY OF SOUTH BEND COMMUNITY INVESTMENT February 19, 2025 Filed in Clerk's Office Council Member Troy Warner Chairperson, Community Investment Committee South Bend Common Council Bianca Tirado County-City Building, 4th Floor City Clerk,South Bend, IN South Bend, Indiana 46601 RE: Declaratory Resolution: Real Property Tax Abatement for Blueprint, LLC Dear Council Member Warner, Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax abatement petition submitted by Blueprint, LLC, an Indiana Limited Liability Company. This petition package includes: • Department of Community Investment's summary report • Petition for abatement • Statement of Benefits form (SB-1 / Real Property) • Supporting information The report contains the Department's findings relative to the above-mentioned petition. The petitioner, Blueprint, LLC, is a related organization to HRP Construction, Inc., which is a local civil construction company specializing in water and wastewater construction. The property for which the abatement would apply will be home to a new corporate complex for HRP Construction, which has outgrown its current facilities and plans to increase their footprint in South Bend with a new complex in South Bend. The buildings will cover 30,000 sq ft. and will include a new maintenance shop and warehouse as well as an updated and modern office building. This project allows HRP Construction to consolidate regional operations to one site. The total investment for this project is $7,300,000. The project meets the qualifications for a seven-year(7) real property tax abatement. A representative from Blueprint, LLC/ HRP Construction will be available to meet with the Committee on Monday, February 24, 2025. 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 227W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov HRp Filed in CONSTRUCTION TM Clerk's Office February18, 2025 Bianca Tirado City Clerk, South Bend, IN Mr. Joseph Molnar Assistant Director of Growth & Opportunity Department of Community Investment 227 W. Jefferson Blvd., Suite 1400 S. South Bend, IN 46601 RE: HRP Construction Tax Abatement Request Dear Mr. Molnar: Thank you for your consideration of our requested tax abatement for a new building that Blueprint LLC / HRP Construction Inc are proposing to build in South Bend. As requested, we would like to clarify the couple of items that you were questioning. The first question pertained to the relationship between Blueprint, LLC and HRP Construction Inc. Blueprint, LLC and HRP Construction Inc. have common ownership. Blueprint, LLC is a property holding company that owns and leases the property to HRP Construction Inc. Blueprint, LLC does not own any other properties or provide any other services other than owning and leasing this specific property to HRP Construction Inc. The lease would be a triple net lease, where HRP Construction Inc. would be responsible for the property taxes and ultimately be the beneficiary of any tax abatement. The second question requested more detail on this expansion/consolidation project. HRP Construction Inc. has been based in South Bend since 1980 when it was started as H.R.D. Corp., which was soon changed to HRP Construction Inc. in 1981. As the company evolved and grew, we moved from our original home on West Washington Street, South Bend, to our current location at 5777 Cleveland Road, South Bend, in 1992/1993. Since then, we have outgrown the size of our property, our office size, and our shop/warehouse size. Currently HRP Construction's main operations are based out of our 2.7 acre property at 5777 Cleveland Road, South Bend, a 15 acre rented storage yard in Mishawaka, Indiana, one (1) or more rented shop/warehouse spaces for additional space to repair equipment and store materials depending on our needs, and three (3) rented storage units for document storage.As our business operations have grown, the rented spaces were added as a temporary solution to our ultimate need to consolidate to a single larger property and building(s) and to continue growing our business. Our proposed facility would be approximately 20 acres that we recently annexed into the City of South Bend. This larger single lot would allow us to combine all our operations onto one property with the additional space needed to continue to grow our business. Our new location would include a new approximately 9,000 SF office which would be over double our Safety and Quality Above Ad Shipping: 5777 Cleveland Rd. South Bend, IN 46628 Phone: 574.271.7800 Mailing: P.O. Box 266 South Bend. IN 46624-0266 Fax: 574.271.0524 Equal Opportunity Employer www.hrpconstruction.com HRP Tax Abatement Request February 18, 2025 Page 2 of 2 existing office space as well as a 15,000 SF shop/warehouse space which would also be approximately twice as much space as we currently own and rent. Currently, we have found it difficult to hire additional people that are needed due to not having the space to house them. We are expecting to hire four new people. Our proposed new facility would be constructed with additional space for continued growth in South Bend. We hope that this information is helpful and answers your questions. Please don't hesitate to reach out if you have any additional questions. We are excited and hopeful to continue our growth in South Bend. Sincerely, HRP Construction Inc. / Blueprint, LLC Jered Baker Filed in Clerk's Office BILL NO. 25-16 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 25471 Cleveland Road, South Bend, Indiana 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN-YEAR (7) REAL PROPERTY TAX ABATEMENT FOR Blueprint, 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 area described as: Key Number: TBD Local Parcel Number: TBD Commonly Known As: 25471 Cleveland Rd. South Bend IN 46628 Legal Description: Lot 1 of OCR CABANA MINOR SUBDIVISION 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 area to be designated as an Economic Revitalization Area was annexed to the City of South Bend on January 6, 2025, and as of the time of consideration of this resolution, Key Numbers were not available; and WHEREAS, the petitioner has agreed to and has accepted responsibility to report any changes in the Key Numbers and legal descriptions 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 the area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall expire on December 31, 2027. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for 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. Year 1 — 100% Year 2—90% Year 3 —80% Year 4-70% Year 5 —60% Year 6-50% Year 7—50% 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. Canneth Lee, 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 , 2025, at o'clock .m. Bianca Tirado, City Clerk Office of the City Clerk Approved and signed by me on the day of ,2025, at o'clock .m. James Mueller, Mayor City of South Bend TAX ABATEMENT REPORT Filed in Clerk's Office TO: South Bend Common Council rad FROM: Erik Glavich, Director, Growth and Opportunity Bianca Tth Bo City Clerk,South Bend, IN SUBJECT: Real Property Tax Abatement Petition for Blueprint, LLC DATE: February 19, 2025 On February 19, 2025, a petition for tax abatement from Blueprint LLC was filed with the Office of the City Clerk. The petition seeks consideration for a real property tax abatement for property located at 25471 Cleveland Road, which was recently annexed to the City of 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 property was annexed to the City of South Bend on January 6, 2025. Blueprint, LLC, also combined what were formerly four parcels into one. • The petitioner, Blueprint, LLC, is under common ownership with HRP Construction Inc. HRP Construction intends to build an office, workshop, and warehouse at property that was recently annexed to the City. HRP Construction has outgrown its current facilities, and this development is critical for continued company growth. The project also enables HRP Construction to consolidate all of its regional operations, including those outside of the City of South Bend, to this new • The project consists of 3 buildings totaling 30,314 square feet of office, workshop, and warehousing spaces. Private investment for this project is approximately$7.3 million. • The project will contribute to the expansion of jobs on the northwest side of South Bend and ensure a local company expands and grows within the city limits. Employment Impact Per this petition and supporting material, it is estimated that HRP Construction Inc.: • By the end of 2026, the petitioner estimates that at least six (6) new full-time jobs with an estimated total annual payroll of$499,200 will be created. Tax Estimates The petitioner qualifies for a seven-year(7) real property tax abatement. • Current estimated annual real property taxes: $6,142 • Estimated annual taxes after the project's completion: $126,233 • Total estimated combined taxes during the seven-year(7) abatement period: $926,627 o Estimated taxes being abated during the abatement period: $513,676 o Estimated total taxes to be paid during the abatement period: $412,951 Abatement Qualification 1. A review of the tax abatements previously granted finds that the petitioner has not been granted a prior 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 not in an established Development Area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a seven-year(7) real property tax abatement under Section 2-84 (Council's authority to enlarge real property tax abatement general standards). 2 7-Year Abatement February 19,2025 Blueprint, LLC / HRP Construction Inc. South Bend Warren Township Commerical Development Real Property Tax Abatement Schedule* Type of Property: Industrial Estimated Project Cost: $ 6,400,000 New Construction Property Address: 25471 Cleveland Road Tax Key Number: TBD Without Current Abatement Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Assessed Value(AV) Land $ 71,800 $ 71,800 $ 71,800 $ 71,800 $ 71,800 $ 71,800 $ 71,800 $ 71,800 $ 71,800 Structure(AV=60%Project Cost) 109,700 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 Gross Assessed Value 181,500 3,911,800 3,911,800 3,911,800 3,911,800 3,911,800 3,911,800 3,911,800 3,911,800 Abatement 100% 90% 80% 70% 60% 50% 50% Abatement Deduction - (3,730,300) (3,357,270) (2,984,240) (2,611,210) (2,238,180) (1,865,150) (1,865,150) Net Assessed Value 181,500 3,911,800 181,500 554,530 927,560 1,300,590 1,673,620 2,046,650 2,046,650 Property Taxes Assume constant tax rate of 5.3430% Gross Tax(Tax Rate x Net AV) 9,698 209,007 9,698 29,629 49,560 69,491 89,422 109,353 109,353 Local Tax Credit(12.3682%of GT-DS) (1,113) (23,993) (1,113) (3,401) (5,689) (7,977) (10,265) (12,553) (12,553) Circuit Breaker Credit (2,442) (52,640) - - - - - - - Taxes Due $ 6,142 $ 132,375 $ 8,584 $ 26,227 $ 43,870 $ 61,513 $ 79,157 $ 96,800 $ 96,800 3% 3% 3% 3% 3% 3% 3% 3% 3% Circuit Breaker Cap 5,445 117,354 117,354 117,354 117,354 117,354 117,354 117,354 117,354 Debt Service(0.3840%of Net AV) 697 15,021 697 2,129 3,562 4,994 6,427 7,859 7,859 Max Tax Under the Cap 6,142 132,375 118,051 119,483 120,916 122,348 123,781 125,213 125,213 Combined Year Abatement Current Taxes New Current& Taxes Abated Net Taxes Due Projected Tax New Taxes Paid 1 100% $ 6,142 $ 126,233 $ 132,375 $ (123,791) $ 8,584 2 90% 6,142 126,233 132,375 (106,148) 26,227 3 80% 6,142 126,233 132,375 (88,505) 43,870 4 70% 6,142 126,233 132,375 (70,862) 61,513 5 60% 6,142 126,233 132,375 (53,219) 79,157 6 50% 6,142 126,233 132,375 (35,576) 96,800 7 50% 6,142 126,233 132,375 (35,576) 96,800 Total: 42,994 883,633 926,627 (513,676) 412,951 pa;. 'This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2023 Payable 2024. 2 Iiik Department of Community Investment The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. y City of South Bend City of South Bend Instructions:Complete pages 1-3 4?><1N AND the proper Form SB-1 for Petition for Incentives the type of abatement(real La property or personal property) Petition must include a$250 filing fee payable to the for which you areapplying. "City of South Bend"before processing can be complete General Information Project Name 7775 W.Cleveland Rd. Project Number n/a Legal name as registered with Secretary of State Blueprint, LLC Business structure Limited Liability Corporation Company website www.hrpconstruction.com Proposed Project Information Proposed project address 25471 Cleveland Parent company name (related) HRP Construction Inc City,State,zip South Bend,IN 46628 Legal owner Blueprint.LLC Site acreage or acreage required Is the real estate owned Leased 21.63 or leased? Square feet of facility (30,314 (3 buildings) If leased,by whom? HRP Construction Inc Primary Contact Information Primary company contact name Matthew CainTitle President (HRP) Address of company contact 5777 Cleveland Rd Phone 574-271-7800 City,stage,Zip South Bend,IN 46628 Email mattc@hrpconstruction.com Senior Official Information Company senior official name Nancy Knapik Title Vice President(HRP) Address of company contact Phone (if different from above) 574-271-7800 City,State,Zip Email nancyk@hrpconstruction.com Consultant Information/Agent Hired business consultant/agent name Consultant release?(Y/N) Address Local economic development partners approval?(Y/N) City,State,Zip Email Project Overview Brief description of your company,project,and why the HRP Construction is a local civil construction company specializing in water and wastewater property is necessary for construction.We have outgrown our current facility in South Bend which has become a barrier to economic growth our company's growth. The construction of our new facility would allow us to continue to grow and meet the local market demanas for infrastructure (water,wastewater,and road)construction in the South Bend area. Our new facility would include an updated and modern office building which we expect will make us more marketable as a employer and as a contractor. It will also include a new, larger maintenance shop/warehouse allowing us to perform more equipment maintenance at our new facility as well as additional indoor storage to protect our current equipment investment. In addition to these two buildings planned for immediate need,we are also planning to construct a third building for material and equipment storage which would be expected to be constructed early in the duration of the this abatement. Certified Technology Park appropriate N/A Is the project in a Tax Incremental Financing (TIF)area? If so,which? N/A Have Building Permits been issued?(Y/N) Number of residential units created by (Note-Not eligible for abatement if Yes] No project 0 If this is a petition for personal property tax abatement,has the equipment been installed? N/A 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? No New Project Investments Calendar Year 2023 2024 2025 2026 2027 2028 2029 2030 Land Acquisition $875,000.00 Building Lease Payments Building Purchase Costs New Building Construction S 6,000,000.G0 $400,000.00 Existing Building Improvements New Machinery&Equipment $50.000.00 $100,000.00 Special Tooling/Retooling New Furniture/Fixtures $500,000.00 New Computer/IT Hardware $150,000.00 New Software On-site Rail Infrastructure I On-site Fiber Infrastructure $100,000.00 TOTAL $0.00 $875,000.00 $6,800,000.00 $500.000.00 $0.00 $0.00 Full-Time Permanent Indiana-Resident Positions by Calendar Year Calendar Year lobs retained Hourly Cumulative B of net NEW full time Hourly average wage,w/o Total training Total N to be avers a permanent jobs created at project benefits or bonuses,of expenditure- trained-not wage,w/o benefits or cumulative net new jobs not cumulative bonuses cumulative 2024 38 $38.34 1 $35.00 2025 5 $40.00 2026 6 $40.00 2027 2028 2029 2030 2031 2032 2033 2034 2035 Provide hourly wage information for new employees in the following positions. Full time Part time Laborers $32.00 Technical $37.00 $21.00 Managerial $50.00 Administrative $30.00 Who will be the individual responsible for coordinating with WorkOne on recruiting? Does your company have an EEO hiring policy? Yes Are you an EEO employer? Yes 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 outreach and recruitment efforts for the last Year 2024 2023 2022 three years as well as current policies. Full Time Part Time Full Time Part Time Full Time Part Time Black 1 3 1 3 1 HRP not only actively seeks to Hispanic 4 2 2 directly hire minority applicants,but also seeks to hire minority Asian subcontractors and vendors on our projects.HRP attends various local Indian 1 1 career fairs to seek diverse and inclusive hires.Our corporate policies Female 5 5 6 include to support inclusiveness and Other 1 1 1 respect between all employees. 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 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%) Yes 20 20 B. Purchase Materials from Local Companies(75%) Yes 20 20 C. Require Employees vs.Independent Contractors Yes 19 19 D. Require Prevailing Wage I No 0 22 E. Require Health Benefits Yes 22 22 F. Require Retirement Benefits Yes 18 18 G. Maintain Affirmative Action Plan Yes 20 20 Sub-total Construction Related: 119 141 2 Wage&Benefit Related(Owner): A. Pay Target Wage Levels Yes 33 33 B. Provide Health Benefits Yes 34 34 C. Provide Retirement Benefits Yes 29 29 D. Provide Training Yes 28 28 E. Provide Child Care No 0 15 F. Provide Transportation Assistance No 0 14 G. Provide Employer Assisted Housing program No 0 9 Sub-total Wage&Benefit Related: 124 162 3 Workforce Related: A. Create New Jobs Yes 42 42 B. Retain Existing Jobs Yes 41 41 C. Maintain Affirmative Action Plan Yes 35 35 D. Provide Targeted Hiring Preference No 0 34 Sub-total Workforce Related: 118 152 4 Support a Municipal Facility: Support a SB Municipal Facility(donations to the A. zoo,conservatory,museum,etc.) Yes 84 84 Name of Facility Morris Performing Arts,Potawatomi Zoo Sub-total Municipal Facility: 84 84 Sub-total from Above: 445 539 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: --c-,-,-) V Date: .--\ `- - ` For Staff Use Only Below This Line L•ri o(. l?/1 Bo D What is the current assessed value? Real Property: p01 r f(Ol 760 Personal Property; What Is the projected assessed value? Real Property: 34,65 , ,If 3'v5, o�7 Personal Property: What is the tax key number(s)for this project? T What is the six digit NAICS code? A1/^ 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 Year 2023/Pay 2024 NM Tax Year 2022/Pay 2023 N/A Tax Year 2021/Pay 2022 N f Tax Year 2020/Pay 2021 NM Tax Year 2019/Pay 2020 N/A Please fill out the following Public Benefit Summary Information and add to total from above. (V or NI Points Points Public Benefit Item. I Project Related: 5 A. Redevelop a Site that has Special Needs 0 49 B. Develop Based on Local University Research ff./ I — 35 IC. Achieve a Physical Element of a Plan N __ 36 j Sub-total Project Related: t` 120 6 Super Size Projects(point values are cumulative►:A. 100%to 199% Y 1 5 25 8. 200%to 299% Y & D 68 C. 300%to 399% Y Co 5 65 D. 400%and Over N 52 Sub-total Super Size Projects: '5 9 210 7 Pay for Municipal Infrastructure: A. Pay for Oversizing or Upgrading `ki ---. 14 B. Pay for 26-50%of Extension Cost /a �, 26 C. Pay for 51-75%of Extension Costal 39 0. Pay for 76-100%of Extension Cost /S/ 0- 52 I Sub-total Infrastructure Related: ,--_ 131 Total from Applicant Section: 445 539 Total from Staff Section: r 38 461 Total Public Benefit Points: I 603 1000 Filed in Clerk's Office 7""a. STATEMENT OF BENEFITS g - 4 ' 20 .PAY 20 (14 r;.t REAL ESTATE IMPROVEMENTS J State Form 51767(R7/1.21) FORM SB-1/Real Property Bianca Tirado ��.. Prescribed by the Department of Local Government Finance City Clerk, South Bend, IN 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 paid to individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) property owner is confidential per 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. 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 propertyowner 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(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 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 Blueprint, LLC Address of taxpayer Number and Street:5777 Cleveland Rd. City South Bend State: IN 7.11': 46628 Name of contact person Telephone number E-mail address First Name: Nanc Knapik (574) 271-7800 nancyk@hrpconstruction.com 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 OLGF taxing district number 25471 Cleveland Rd South Bend IN 46628 St. Joseph - 037-South Bend Warren Description of real property improvements,redevelopment.or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) Construction of three buildings totaling 30,314 sq. ft. for expansion of office 7/1/2025 and Warehousing space. Estimated completion date(month,day,year) 12/31/2026 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 48 $3,680,640 48 $3,680,640 6 $499,200 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values $109,700 $210,700 Plus estimated values of proposed project l $6,400,000 $3,200,000 Less values of any property being replaced l $109,700 $0 Net estimated values upon completion of project $6.400,000 $3,410,700 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized representative Date signed(month,day,year) Printed name of authorized rr.•resentative Title fi r\ c 'SINt1C01 V�« t-R. , t•-Q CU oc-r S V.CT fQ Page 1 of 2 Z n� FOR USE OF THE DESIGNATING.BODY We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed under IC 6-1.1-12.1,provides for the following limitations: A. The designated area has been limited to a period of time not to exceed N/A calendar years*(see below). The date this designation expires is 12/31/2027 . NOTE:This question addresses whether the resolution contains an expiration date for the designated area. B. The type of deduction that is allowed in the designated area is limited to: 1. Redevelopment or rehabilitation of real estate improvements ®Yes ❑No 2.Residentially distressed areas ❑Yes ®No C. The amount of the deduction applicable is limited to$ N/A D. Other limitations or conditions(specify) N/A E. Number of years allowed: ❑Year 1 ❑Year 2 ❑Year 3 ❑Year 4 0 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 tile 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 taxpayers 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. 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