HomeMy WebLinkAbout25-26 Designating Resolution - Real Property Tax Abatement for Allen Edwin Residential Builders, LLC r e Filed in Clerk's Office
.. '', CITY OF SOUTH BEND APR 23 2025
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F,,>. `_ COVIVUNITY INVESTMENT: ' Bianca Tirado
City Clerk,South Bend, IN
/865
April 23, 2025
Council Member Troy Warner
Chairperson, Community Investment Committee
South Bend Common Council
County-City Building, 4'h Floor
South Bend, Indiana 46601
RE: Declaratory Resolution: Multi-Family Development Real Property Tax Abatement for
Allen Edwin Residential Builders, LLC
Dear Council Member Warner,
Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax
abatement petition submitted by Allen Edwin Residential Builders, LLC, a Michigan 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 intends to build on the property at 603-621 W. Marion Street; 515-517 Leland
Avenue sixteen (16) new rental housing units in the form of single family, duplex, and cottage
court style housing. Allen Edwin's goal is to build quality infill housing which is desirable and
affordable to area residents.
The total investment for this project is $2,496,534. The project meets the qualifications for a
nine-year (9) multi-family development real property tax abatement.
A representative from Allen Edwin Residential Builders, LLC, will be available to meet with the
Committee on Monday, April 28, 2025.
If you or other Council members have questions about the report or need additional information,
please feel free to call me at (574) 245-6022
Sincerely,
Joseph Molnar
Assistant 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
•
i!"Z237"5
BILL NO. 25-26 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
Multiple Properties
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
NINE-YEAR (9) REAL PROPERTY TAX ABATEMENT FOR
Allen Edwin Residential Builders 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: 71-08-02-476-027.000-026
Local Parcel Number: 018-1055-2365
Commonly Known As: 621 W MARION ST
Legal Description: LOT 14 SMITH&JACKSONS SUB
Key Number: 71-08-02-476-028.000-026
Local Parcel Number: 018-1055-2366
Commonly Known As: 617 W MARION ST
Legal Description: LOT 12 EX 9'OFF E SIDE& LOT 13 SMITH&
JACKSON SUB PER OWNERS REQ CONS W/18
1055 2367 DEL 05/06
Key Number: 71-08-02-476-047.000-026
Local Parcel Number: 018-1055-2343
Commonly Known As: 615 W MARION ST
Legal Description: S 1/2 LOT 11 EX 6 WLY SIDE KENT&
GARRISON ADD
Key Number: 71-08-02-476-048.000-026
Local Parcel Number: 018-1055-2342
Commonly Known As: 611 W MARION ST
Legal Description: LOT 10 &ALLEY ADJ AND N 1/2 LOT 11 EX 6"
WLY SIDE KENT& GARRISON ADD
Key Number: 71-08-02-476-049.000-026
Local Parcel Number: 018-1021-0869
Commonly Known As: 607 W MARION ST
Legal Description: LOT 66 W 1-2 HENRICKS& GRANTS
Key Number: 71-08-02-476-051.000-026
Local Parcel Number: 018-1021-0868
Commonly Known As. 603 W MARION ST
Legal Description: 54 FT S END E 1-2 LOT 66 54 FT S END LOT 65
HENRICKS& GRANTS
Key Number: 71-08-02-476-045.000-026
Local Parcel Number: 018-1055-2341
Commonly Known As: 515 LELAND AVE
Legal Description: EX N END LOT 28 KENTS SUB BOL 114
Key Number: 71-08-02-476-044.000-026
Local Parcel Number: 018-1055-2340
Commonly Known As: 517 LELAND AVE
Legal Description: 10.2 FT S SIDE LOT 5 N PT LOT 28 KENTS SUB
BOL 114
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 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 nine (9) 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 - 95%
Year 3 - 90%
Year 4 - 85%
Year 5 - 80%
Year 6 - 75%
Year 7 - 70%
Year 8 - 65%
Year 9 - 60%
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 L. 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 L. 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
APR 2 3 2025
TO: South Bend Common Council
Bianca Tirado
City Clerk, South Bend, IN
FROM: Joseph Molnar, Assistant Director, Growth and Opportunity
SUBJECT: Multi-Family Development Real Property Tax Abatement Petition
for Allen Edwin Residential Builders, LLC
DATE: 04/23/25
On April 23, 2025, a petition for tax abatement from Allen Edwin Residential Builders, LLC, was
filed with the Office of the City Clerk. The petition seeks consideration for a multi-family
development real property tax abatement for property 603-621 W. Marion Street; 515-517
Leland Avenue 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 petitioner, Allen Edwin Residential Builders LLC (Allen Edwin), has partnered with
the South Bend Redevelopment Commission to build new housing on currently vacant
land located at the Marion-Leland intersection, one block north of Lincoln Way West.
The Commission has an active Purchase Agreement to sell the land to the petitioner for
the purpose of constructing new housing.
• The project will consist of 16 new rental housing units in the form of single-family,
duplex, and cottage court style housing.
• Through this project, Allen Edwin is also partnering with the City through the Infill
Housing Financing Gap Subsidy Program, which will provide the developer with a
$62,500 per-unit construction subsidy for 12 units up to a total of$750,000. All of the 12
units under this program will be affordable workforce rentals for households earning
120% or less of the Area Median Income.
• Construction costs for this project are estimated to be $2.5 million.
• The project will greatly contribute to the surrounding area, activate long-vacant land, and
provide affordable housing options for residents of South Bend. The new housing will
help connect residents to the ongoing and planned development on the north side of
downtown South Bend. The proximity of the project to City amenities, including bike
trails, will further accelerate momentum being seen on the west and northwest
neighborhoods.
Employment Impact
Per this petition and supporting material, there are no direct jobs created by the project. Since
these are rentals, Allen Edwin will manage the properties directly.
There will be considerable job opportunities for the construction of the new housing and the
petitioner has committed to using as much local labor as possible.
Tax Estimates
The petitioner qualifies for a nine-year(9) multi-family development real property tax abatement.
• Current estimated combined annual real property taxes: $816
o Actual annual taxes $0 (zero) because the property has been owned by the
South Bend Redevelopment Commission.
• Estimated combined annual taxes after the project's completion: $35,886
• Total estimated combined taxes during the nine-year(9) abatement period: $322,977
o Estimated taxes being abated during the abatement period: $189,799
o Estimated total taxes to be paid during the abatement period: $133,178
Abatement Qualification
1. A review of the tax abatements previously granted finds that the petitioner has not been
granted a tax abatement previously.
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 nine-year(9) multi-family development real property tax
abatement under under Division 2 (Residential Development Real Property Tax
Abatement), Section 2-77 (Multi-Family Residential Developments).
2
9-Year Abatement April 22,2025
Allen Edwin Residential Builders, LLC
South Bend Portage Township
Residential Real Property Tax Abatement Schedule'
Type of Dwelling: Multi-Family Residence -16 units-
Estimated Project Cost: $ 2,496,534 New Construction
Property Address: 603-621 W.Marion Street;515-517 Leland Avenue
Tax Key Number: Multiple Properties
Without
Current Abatement Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
Assessed Value(AV)
Land $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300
Structure(AV=60%Project Cost) - 1,497,920 1,497,920 1,497,920 1,497,920 1,497,920 1,497,920 1,497,920 1,497,920 1,497,920 1,497,920
Gross Assessed Value 24,300 1,522,220 1,522,220 1,522,220 1,522,220 1,522,220 1,522,220 1,522,220 1,522,220 1,522,220 1,522,220
Abatement 100% 95% 90% 85% 80% 75% 70% 65% 60%
Abatement Deduction - (1,497,920) (1,423,024) (1,348,128) (1,273,232) (1,198,336) (1,123,440) (1,048,544) (973,648) (898,752)
Net Assessed Value 24,300 1,522,220 24,300 99,196 174,092 248,988 323,884 398,780 473,676 548,572 623,468
Property Taxes
Assume constant tax rate of 5.0426%
Gross Tax(Tax Rate x Net AV) 1,225 76,759 1,225 5,002 8,779 12,555 16,332 20,109 23,886 27,662 31,439
Local Tax Credit(10.1130%of GT-DS) (115) (7,212) (115) (470) (825) (1,180) (1,535) (1,889) (2,244) (2,599) (2,954)
Circuit Breaker Credit (294) (33,661) - - - - - - - - -
Taxes Due $ 816 $ 35,886 $ 1,110 $ 4,532 $ 7,954 $ 11,376 $ 14,798 $ 18,219 $ 21,641 $ 25,063 $ 28,485
3% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Circuit Breaker Cap 729 30,444 30,444 30,444 30,444 30,444 30,444 30,444 30,444 30,444 30,444
Debt Service(0.3575%of Net AV) 87 5,442 87 355 622 890 1,158 1,426 1,693 1,961 2,229
Max Tax Under the Cap 816 35,886 30,531 30,799 31,067 31,335 31,602 31,870 32,138 32,406 32,673
Existing New Net Taxes
Year Abatement Taxes Projected Total Taxes Taxes Abated Paid
Taxes
1 100% $ 816 $ 35,070 $ 35,886 $ (34,776) $ 1,110
2 95% 816 35,070 35,886 (31,354) 4,532
3 90% 816 35,070 35,886 (27,932) 7,954
4 85% 816 35,070 35,886 (24,511) 11,376
5 80% 816 35,070 35,886 (21,089) 14,798
6 75% 816 35,070 35,886 (17,667) 18,219
7 70% 816 35,070 35,886 (14,245) 21,641
8 65% 816 35,070 35,886 (10,823) 25,063
9 60% 816 35,070 35,886 (7,401) 28,485
Total: 7,343 315,634 322,977 (189,799) 133,178
'This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2024 Payable 2025. c�.e , Department of Community Investment
The true tax values will ultimately be determined by the actual assessed valuation and the then-current tax rates. a • ' city of South Bend
City of South Bend Instructions:Complete pages 1-3
AND the proper Form SBA.for ' l
Petition for Incentives the type of abatement(real
property or personal property) 1
`•
Petition must include a$ZSO filing fee payable to the for which you are applying. re5s
-
"City of South Bend"before processing can be complete
General Information Project Name I cottage court@Uncoin Way Project Number
Legal name as registered with
Secretary
of State
"Allen Edwin Residential Builders.LLC"or related entity with common owners
Business structure
LLC
Company website https:(/www.allenedwin.cc,
Proposed Project Information
Proposed project address Parent company name
611 W Marion Street •
City,State,Zip ,nd,IN 46616
Legal owner Currently owned by COSB
site acreage or acreage required 0.554 Acres or leasedr�tate owned I
Square feet of facility If leased,by whom?
Primary Contact Information
'!Primary company contact name Brian Farkas !Tide Director of Workforce Housing
Address of company contact 795 Clyde Ct SW !Phone 248-412-3407 I
City,State,Zip Byron Center,MI 49315 Email ..'arkas@allenedwin.corl
'Senior Official Information
'Company senior official name Tom Larabel Title VP of Land
Address of company contact Phone (616)878-1748 Ext.424
Of different from above)
City,State,zip Email 'arabel@allenedw,n.corn
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 -
eriefdesuiptlonofyour The project includes the construction of twelve(12)single family residential units in a cottage
company,project,and why the court that will contain 2 bedrooms.All units will be affordable workforce rentals.In addition to the
property Is necessary for cottage court,4 single family home will be built on the adjacent vacant parcels as well.The goals
economic growth
of the program are to Develop infill housing consistent with the Analysis of Residential Market
Potential and existing neighborhood and community plans;
•Promote development of a range of housing types that enhance the appearance,value,and
character of the surrounding neighborhood;
•Build a neighborhood scale products that fit the character and context of the surrounding
neighborhood;
•Provide a quality infill housing product which is desirable and meets the needs of area residents:
•Provide a variety of housing types at varying price points;
•Develop infill housing that is consistent with principles for an urban walkable neighborhood;
•Incorporate principles of place making,urban planning,and urban design;and
•Ensure attractive,well designed development that enhances the neighborhood and City's image.
Certified Technology Park appropriate N/A
Is the project in a Tan Incremental Flnandng
(TIF)area? If so,which? River West
Have Building Permits been issued?(YIN) !Number of residemfal units created by
[Note-Not eligible for abatement if Yes] N ilmilea 1
If this Is a petition for personal property tan abatement,has N
the equipment been Installed?
Investment Details
Public Infrastructure needs Has any Soo 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 N,A N ,A N A
ew Project Investments
lendar Year 2023 2024 2025 2026 2027 2028 2029 2030
hand Acquisition
Building Lease Payments !
•
'
uiiding Purchase Costs
New Building ConstructionS 2,496 934.00
Existing Building improvements .
[-NNew Machinery&Equipment _
I4 Special Tooling/Retooling
,New Furniture/Fixtures
New Computer/R Hardware
'
!New Software I
VOn-siteRallInfrastructure
iOn-site Fiber Infrastructure ; III
TOTAL i $0.00 $0.00I$2,496,534.00 $0-00 $0.00 $0.00 $0.00 $0.00 f
Full-Time Permanent Indiana-Resident Positions by Calendar Year
Calendar Year lobs retained Hourly Cumulative it of net NEW full time Hourly average wage,w/o Total training Total ft to be
average permanent jobs created at project benefits or bonuses,of expenditure- trained-not
wage,w/o
benefits orr cumulative net new jobs not cumulative
bonuses cumulative
2024
202S
2026
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
Technical
Managerial
Administrative
Who will be the individual responsible for coordinating
with WorkOne on recruiting?
Does your company have an EEO hiring policy? Are you.n EEO employer?
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
-- three years as well as current policies.
FullTime Part Time Full Time Part Time Full Time Part Time
Black
See cover letter
Hispanic
Asian
Indian
Female
Other
Complete the table below for Real Property Tax Abatement only.
***Sign at the bottom for all requested incentives(real AND personal property).a a
Public Benefit Item:
Information is required on both the construction companies and the
companies which will provide materials purchased for this project. qualify
Please complete the table below with the appropriate information. If (Yes or No) Earned Points Available Points
you qualify for the points,please enter the full amount of available
points.
1 Construction Related(Contractors):
A. Employ Local Companies(75%) 20 20
B. Purchase Materials from Local Companies(75%) I 20 20
II
C. Require Employees vs.Independent Contractors I
0 19
D. Require Prevailing Wage 0 22
I E. Require Health Benefits 0 22
F. Require Retirement Benefits 0 18
G. Maintain Affirmative Action Plan n 20
Sub-total Construction Related:
2 Wage&Benefit Related(Owner):
A. Pay Target Wage Levels 0 33
B. Provide Health Benefits 34 34
C. Provide Retirement Benefits 29 '-°
D. Provide Training 28
E. Provide Child Care 0 15
F. Provide Transportation Assistance 14 14
G. Provide Employer Assisted Housing program 0 9
Sub-total Wage&Benefit Related: .n` 11-
•
3 Workforce Related:
A. Create New Jobs 42
B. Retain Existing Jobs 41
C. Maintain Affirmative Action Plan 35
D. Provide Targeted Hiring Preference 34
Sub-total Workforce Related: 0 152
4 Support a Municipal Facility:
Support a SB Municipal Facility(donations to the
A. zoo,conservatory,museum,etc.) 84 =4
Name of Facility Morns Performing Arts Center
I Sub-total Municipal Facility:
Sub-total from Above: 224
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: Date:
For Staff Use Only Below This Line
����
What is the current assessed value? Real Property: 3, Voo Personal Property:
What Is the projected assessed value? Real Property: ..c I /`;L Personal Property:
What is the tax key number(s)for this protect? /r✓// 7(!1`0p(. I�pQrk-/-�
What is the six digit NAICS code? /`•.310
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 /,�, "0///y t ��
_
Tax Year 2022/Pay 2023 3'Yf
Tax Year 2021/Pay 2022 (((( ' --------
..—
Tax —
` J
Tax Year 2020/Pay 2021 _���
Tax Year 2019/Pay 2020
Please fill out the following Public Benefit Summary Information and add to total from above.
JY or Ni i Points I Points
Public Benefit Item:
Project Related:
5 A. Redevelop a Site that has Special Needs i ( 49
s
B. Develop Based on Local University Research 35
C. Achieve a Physical Element of a Plan Y 3‘ 36
Sub-total Project Related: 120
6 Super Size Projects(point values are cumulativej:
A. 100%to 199% f 25
B. 200%to 299% N o3
C. 300%to 399% / 65
D. 400%and Over /17 522
Sub-total Super Size Projects: cX s 210
7 Pay for Municipal Infrastructure: y/ L/
A. Pay for Oversizing or Upgrading
f 14
0. Pay for 26-50%of Extension Cost !" 26
t
C. Pay for 51-75%of Extension Cost /j/ 39
D. Pay for 76-100%of Extension Cost /l` 52
.�(r"
Sub-total Infrastructure Related: 7 I 131
Total from Applicant Section- 229 539
Total from Staff Section: Irk'I 461
Total Public Benefit Points: 3 S 3 1000
EDWIN HOMES
Erik Glavich
Director, Growth and Opportunity
Department of Community Investment
City of South Bend
Dear Erik,
We are pleased to submit our Petition for Incentives for the development of new housing in
South Bend.As a Michigan-based,family-owned company with over 30 years of
experience,Allen Edwin Homes(AEH) is committed "To build homes that enrich the lives of
our customers and those who build them.' Our commitment to diversity and inclusion
begins with recruitment and extends across our entire team.We embrace individual
differences and value diverse perspectives, striving to foster an inclusive environment that
reflects the communities we serve.
This project will deliver a Cottage Court containing 6 single family homes and 4 townhome
units, a corner duplex, and 4 single family homes for a total of 16 units.
Our plan aligns with the City's goals for urban revitalization, walkable neighborhoods, and
high-quality infill housing that is both aesthetically appealing and financially accessible.
This project is exclusively focused on developing new affordable housing and will not
generate any new full-time jobs. However,there will be some indirect opportunities in areas
such as maintenance and landscaping.
AEH has successfully built over 10,000 homes across Michigan, Ohio, and Indiana,
demonstrating our ability to deliver projects of this scale and significance. We remain
financially strong, employing a conservative capital strategy to ensure stability and success
in all our developments.
We are excited about the opportunity to work with the City of South Bend to bring this vital
housing initiative to life. Please feel free to contact us with any questions or to discuss next
steps.
Sincerely,
Brian Farkas
Allen Edwin Homes, Director of Workforce Housing
_
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EDWIN HOMES
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STATEMENT OF BENEFITS 2025-PAY 2026>-
I $ REAL ESTATE IMPROVEMENTS
State Form 51767(R7/1-21) FORM SBA/Real Property
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
O 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 poor to the public heanng 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 taxpayerEdwin Residential Builders, LLC
Address of taxpayer
Number and Street: 2186 E. Centre Avenue city Portage State. MI ZIP, 49002
Name of contact person Telephone number E-mail address
First Name. Last Name'
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 1 County DLGF taxing district number
Number and Street: Multiple City.South Bend State; IN ZIP;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)
Construction of 12 single family residential units a cottage court along with 4 single family homes.Parcels: 7/15/2025
71-08-02-476.027.000-026;71-08-02 476-028.000-026.71-08-02-476-044.000-026:71-08-02-476-045.000-026.
71-08-02-476-047 000.026:71-08-02-476-048.000-026,71-08-02-476.049 000-026:71-08-02.476.051.000-026 Estimated completion date(month,day,year)
12/31/2027
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current Number Salaries Number Retained Salaries Number Additional Salaries
SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS
COST ASSESSED VALUE
Current values 8 0 $0
Plus estimated values of proposed project $2.496,534 $1,497,920
Less values of any property being replaced $o $o
Net estimated values upon completion of project $2,496,534 $1 497.920
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted(pounds) 0Estimated hazardous waste converted(pounds)
Other benefits
Affordable workforce housing
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations in this tatement are true.
Signature of author zed representative Date signed(month,day,year)
,..1........... '4Pn'1 l , ZoZS
Printed name of ut onzed represen Title
f
1 OretQt i 4. Lc(ak( V s .t. 3'414 a 114'
Page 1 of 2
FOR USE OF THE DESIGNATING BODY
We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed
under IC 6-1.1-12.1,provides for the following limitations:
A. The designated area has been limited to a period of time not to exceed N/A calendar years'(see below). The date this designation
expires is 1 2/i 1/2027 . NOTE:This question addresses whether the resolution contains an expiration date for the designated area
B. The type of deduction that is allowed in the designated area is limited to:
1.Redevelopment or rehabilitation of real estate improvements Yes ❑No
2.Residentially distressed areas DYes mNo
C. The amount of the deduction applicable is limited to$ 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
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 taxpayer's statement of benefits.
Page 2 of 2
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