HomeMy WebLinkAbout25-45 Designating Resolution - Real Property Tax Abatement for Michigan Motorsports LLC at 3315 William Richardson Court TH 44
CITY OF SOUTH BEND
y' CR COMMUNITY INVESTMENT
1865
October 22, 2025
Filed in Clerk's Office
Council Member Troy Warner
Chairperson, Community Investment Committee Oct 22, 2025
South Bend Common Council Bianca l irado
South Bend City Hall, 3rd Floor City Clerk. South Bend, IN
South Bend, Indiana 46601
RE: Declaratory Resolution: Warehouse Development Real Property Tax Abatement for
Michigan Motorsports LLC
Dear Council Member Warner,
Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax
abatement petition submitted by Michigan Motorsports 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 purchase from the South Bend Redevelopment Commission a seven-acre
vacant parcel on William Richardson Court. Michigan Motorsports intends to move their entire
operations from Niles, Michigan, to South Bend and construct a 50,000 square foot office,
warehouse, distribution center, and showroom.
The total investment for this project is $4,550,000, including real estate, construction, and
equipment. The project meets the qualifications for a seven-year (7)Warehouse Development
Real Property tax abatement.
A representative from Michigan Motorsports LLC will be available to meet with the Committee
on Monday, October 27, 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
South Bend City Hall.Suite 500 215 S.Martin Luther King Jr.Blvd. South Bend,IN 46601 p 574 235 9371 www southbendin gov
Filed in Clerk's Office
Oct 22, 2025
BILL NO. 25-45 Bianca Tirado
City Clerk, South Bend, IN
RESOLUTION NO.
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
3315 William Richardson Court, South Bend, Indiana 46628
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
SEVEN-YEAR (7) REAL PROPERTY TAX ABATEMENT FOR
4Boys4 Investments 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: 71-03-21-232-021.000-009
Local Parcel Number: 025-1013-021202
Commonly Known As: 3315 William Richardson Court
Legal Description: Midwest Embroidery Inc Minor Subdivision Lot 1
Annexed From 04-1013-0212.02 92-93
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, 4Boys4 Investments LLC has entered into a purchase agreement with the
South Bend Redevelopment Commission to acquire ownership of the area; and
WHEREAS, the petitioner—Michigan Motorsports LLC—and 4Boys4 Investments LLC
are common entities; and
WHEREAS, the 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 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,
2028.
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 J. 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, Indiana
Filed in Clerk's Office
TAX ABATEMENT REPORT Oct 22, 2025
TO: South Bend Common Council Bianca rir:'d"
City Clerk, South Bend. IN
FROM: Joseph Molnar, Assistant Director, Growth and Opportunity
SUBJECT: Warehouse Development Real Property Tax Abatement Petition for Michigan
Motorsports LLC
DATE: October 22, 2025
On October 22, 2025, a petition for tax abatement from Michigan Motorsports LLC was filed with
the Office of the City Clerk. The petition seeks consideration for a warehouse development real
property tax abatement for property 3315 William Richardson Court 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
• Michigan Motorsports LLC has an active Purchase Agreement with the Redevelopment
Commission of South Bend to purchase 3315 William Richardson Court with the
purpose of constructing a 50,000 square foot office, warehouse, distribution center, and
showroom.
• Michigan Motorsports is a thriving auto parts supply business that has experienced
consistent growth of 30% year-over-year for the past five years. Michigan Motorsports
currently operates out of a 7,500-square-foot facility located in Niles, Michigan. Due to
this sustained growth, they are actively seeking a significantly larger space to support
their expanding distribution operations.
• The project will consist of moving all operations from Niles, Michigan, to the newly
constructed building in South Bend. Private investment for this project is approximately
$4.55 million, which includes$4.00 in construction costs.
• The parcel has been owned by the City since 2003, and the project is ideal for this
location and will add a successful and growing midsize company to the City of South
Bend.
Employment Impact
Per this petition and supporting material, it is estimated that the company will bring existing jobs
to South Bend from the company's current location and will create new ones:
• Upon completion of the current building's construction, the Petitioner will relocate at least
thirteen (13) new full-time jobs with an estimated total annual payroll of$1,301,976.
• By the end of 2035, the Petitioner expects to create at least sixteen (16) additional full-
time jobs with an additional estimated annual payroll of$832,000. This would bring the
total employment to twenty-nine (29) employees with an estimated total annual payroll of
$2,133,976.
Tax Estimates
The petitioner qualifies for a seven-year(7)warehouse development real property tax
abatement.
• Current estimated combined annual real property taxes: $2,562
o Note that the property is currently owned by the Redevelopment Commission of
South Bend and is exempt from Property Taxes
• Estimated combined annual taxes after the project's completion: $83,142
• Total estimated combined taxes during the seven-year (7) abatement period: $581,992
o Estimated taxes being abated during the abatement period: $317,410
3 Estimated total taxes to be paid during the abatement period: $264,582
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
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 seven-year(7) warehouse development real property tax
abatement under Division 8 (Warehouse Development Real Property Tax Abatement),
Section 2-83 (Warehouse development City-wide).
2
7-Year Abatement October 21,2025
Michigan Motorsports LLC
South Bend German Township-Residential Real Property Tax Abatement Schedule'
Type of Property. Warehouse
Estimated Project Cost: $ 4,000.000 New Construction
Property Address: 3315 William Richardson Court,South Bend.IN 46628
Tax Key Number 71-03-21-232-021.000-009
Project Compte
Before Project No Abatement With Abatement
Tax Year/Pay Year: 2027/Pay 2028 2028/Pay 2029 2028/Pay 2029 2029/Pay 2030 2030/Pay 2031 2031/Pay 2032 2032/Pay 2033 2033/Pay 2034 2034/Pay 2035
Assessed Value(AV)
Land $ 76,300 $ 76,300 $ 76,300 $ 76,300 $ 76,300 $ 76,300 $ 76,300 $ 76,300 $ 76,300
Structure(60%AV of Project Cost) - 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000
Gross Assessed Value 76,300 2,476,491 2,476,300 2,476,300 2,476,300 2,476,300 2,476,300 2,476,300 2,476,300
Abatement 100% 90% 80% 70% 60% 50% 50%
Abatement Deduction - - (2,400,000) (2,160,000) (1.920.000) (1,680,000) (1,440,000) (1,200,000) (1,200,000)
Standard Homestead Deduction - - - - - - - -
Supplemental Homestead Deduction - - - - - - - - -
Non-Homestead Standard Deduction - - - - - - - - -
Net Assessed Value 76,300 2,476,300 76.300 316,300 556 300 796,300 1,036,300 1,276,300 1,276,300
Property Taxes
Assume constant tax rate of 4.9602%
Gross Tax(Tax Rate x Net AV) 3.785 122,829 3 785 15.689 27.594 39 498 51.403 63 307 63 307
Local Tax Credit (355) - - - - - -
Circuit Breaker Credit (868) (39,688) - - - - - - -
Supplemental Homestead Credit - - - - - - - - -
Taxes Due $ 2,562 $ 83,142 $ 3,785 S 15,689 $ 27.594 $ 39,498 $ 51.403 $ 63.307 $ 63.307
3% 3% 3% 3% 3% 3% 3% 3% 3%
Circuit Breaker Cap 2,289 74,289 74,289 74,289 74,289 74,289 74,289 74,289 74,289
Debt Service(0.3575%of Net AV) 273 8,853 273 _ 1,131 1,989 2,847 3,705 4,563 4,563
Max Tax Under the Cap 2 562 83 142 '4 562 75 420 76.278 77.136 77,994 78,852 78,852
Estimated Pre- Projected Total Projected
Pay Year Abatement Project Tax Liability Additional Tax Tax Liability Taxes Abated Net Taxes Paid
Lability (Current+Add'l)
2029 100% $ 2.562 $ 80,580 $ 0 142 S (79,357) $
2030 90% 2,562 80,580 83,142 (67,453) 15,689
2031 80% 2,562 80,580 83,142 (55,548) 27,594
2032 70% 2,562 80,580 83,142 (43.644) 39,498
2033 60% 2,562 80,580 83,142 (31 739) 51,403
2034 50% 2,562 80,580 83.142 (19,835) 63,307
2035 50% 2,562 80,580 83,142 (19,835) 63,307
Total: 17,932 564,060 581,992 (317,410) 264,582
This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2024 Payable 2025. Department of Community Investment
The true lax values will ultimately be determined by the actual assessed valuation and the then current tax rates. (Itlb.'-
City of South Bend
City of South Bend Instructions:Complete pages 1-3 TH
ti
AND the proper Form SB-1 fore
Petition for Incentives the type of abatement(real
property or personal property) _
Petition must include a$250 filing fee payable to the r '
for which you are applying. 1tl85 j
"City of South Bend"before processing can be complete
'General Information Project Name Project Number
Legal name as registered with
Secretary of State Michigan Motorsports
Business structure LLC
Company website wwyy.michiganmotorsportS.com
Proposed Project Information
Proposed project address 3315 William Richardson Ct Parent company name Michigan Motorsports
City,State,Zip South Bend, IN 46628 Legal owner Ardannie Baber and Easter Baber
Site acreage or acreage required 7.06 Is the real estate owned
or leased?
Square feet of facility 50,000 If leased,by whom?
Primary Contact Information
Primary company contact name Dan Baber Title Owner
Address of company contact 255 Bell Road Phone (269)340-2279
City,State,Zip Niles, MI 49120 Email dan@michiganmotorsports.com
Senior Official Information
Company senior official name Easter Baber Title Owner
Address of company contact Phone
(if different from above) (269)340-4521
City,State,zip Email ebaber@ mich igamotorsports.corn
Consultant Information/Agent
Hired business consultant/agent name Consultant release?(Y/N)
Address Local economic development partners
approval?(YIN)
City,State,Zip Email
Project Overview
Brief description of your
Michigan Motorsports is a thriving auto parts supply business that has experienced consistent growth of 30 o year-over-year for the
company,project,and why the past rive years.We are currently operating out of a 7.500-square-foot facility located in Niles,Michigan.Due to this sustained growth,
property is necessary for we have been actively seeking a significantly larger space to support our expanding distribution operations.Our site search has
economic growth focused specifically on the northwest side of South Bend,and we believe the William Richardson property is an excellent fit for our
expansion plans.We currently employ 15 team members,and employee retention is a top priority as we scale.In addition to retaining
our existing workforce,we anticipate the creation of new lobs and believe that relocating to South Bend will provide access to a
broader and more diverse pool of talent.
We propose constructing a 40,000 to 50,000-square-foot warehouse and distribution center,designed to support both operational and
administrative functions The planned fadlily would include.
-8-10 standard 10'x 12'offices
-4 larger corner offices,with 1-2 designated as conference/meeting rooms
-15-20 open-concept cubicles for administrative and call center staff
-1,200-square-foot showroom
-Covered outdoor display area to accommodate 6-8 vehicles near the showroom
-4-5 standard loading docks
-2 additional docks for box truck deliveries
This investment represents a major step forward in our company's growth and our continued commitment to long-term success in the
region.
Certified Technology Park appropriate N/A
Is the project in a Tax Incremental Financing
(TIF)area? If so,which? River West Development Area
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?
N/A No N/A N/A
New Project Investments
Calendar Year 2023 2024 2025 2026 2027 2028 2029 2030
Land Acquisition $50,000.00
Building Lease Payments
Building Purchase Costs
New Building Construction $4,000,000.00
Existing Building Improvements
New Machinery&Equipment $200,000.00
Special Tooling/Retooling
New Furniture/Fixtures $200000 00
New Computer/IT Hardware $100.000 00
New Software
On-site Rail Infrastructure
On-site Fiber Infrastructure
TOTAL $0.00 $0.00 $50,000.00 $4.500,000.03 $0.00 $0.00 $0.00 $0.00
Full-Time Permanent Indiana-Resident Positions by Calendar Year
Calendar Year Jobs retained Hourly Cumulative#of net NEW full time Hourly average wage,w/o Total training Total#to be
average 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
2025 0 $0.00 $0 0
2026 13 $48.15 $ 1,500 10
2027 17 $42.70 $ 1,500 2
2028 19 $40.84
2029 21 $39.33
2030 23 $38.05
2031 29 $35.38
2032
2033
2034
2035
Provide hourly wage information for new employees in the following positions.
Full time Part time
Laborers $ 19.17
Technical $43.51
Managerial $ 180.29
Administrative $31 97
Who will be the individual responsible for coordinating
with WorkOne on recruiting?
Does your company have an EEO hiring policy? Are you an 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
2025 2024 2023 three years as well as current policies.
Full Time cart Time Full Time Part Time Full Time Part Time
Black Local Pannersnips,Inclusive Job Postings
Intemship and Fnlry-Level Hiring.
Hispanic
Equal Opportunity Employment,Local Talent
Asian First.Skill Based Hiring,Veterans and
Returning Citizens
Indian •See the attached Statement regarding our
past and current policies
Female 3
Other 2
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(Yes or No) Earned Points Available Points
you qualify for the points,please enter the full amount of available
points.
1
Construction Related(Contractors): 1
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 no 0 22
E. Require Health Benefits yes 22 i 22
F. Require Retirement Benefits yes 18 18
G. Maintain Affirmative Action Plan no 0 20
Sub-total Construction Related: 99 141
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 yes 34 34
Sub-total Workforce Related: 152 152
4 Support a Municipal Facility:
Support a SB Municipal Facility(donations to the
A.
zoo,conservatory,museum,etc.) yes 84 84
Name of Facility Potawatomi Zoo
Sub-total Municipal Facility: 84 84
Sub-total from Above: 459 539
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: Ardannie Baber i Date: 10(14/25
For Staff Use Only Below This Line
What is the current assessed value? Real Property: Land:$76,300,Bdg:$0 Personal Property: ---
What is the projected assessed value? Real Property: Bdg:$2,400,000 Personal Property:
What is thetas key number(s)for this project? 71-03-21-232-021.000-009
What is the six digit NAICS code?
493110
Please attach a Google map and street view of the location. 11
Please list the amount of real and personal property taxes Il Real Property Taxes: Personal Property Taxes:
paid for the last five years when applicable.
Tax Year 2023/Pay 2024 City Owned,Exempt Property Taxes ---
i
Tax Year 2022/Pay 2023 City Owned,Exempt Property Taxes ---
Tax Year 2021/Pay 2022 City Owned,Exempt Property Taxes ---
Tax Year 2020/Pay2021 City Owned,Exempt Property Taxes ---
Tax Year 2019/Pay 2020 City Owned,Exempt Property Taxes ---
Please fill out the following Public Benefit Summary Information and add to total from above.
JY or Ni Points Points
Public Benefit Item:
Project Related:
5 A. Redevelop a Site that has Special Needs N 49
B. Develop Based on Local University Research N 35
C. Achieve a Physical Element of a Plan N 36
Sub-total Project Related: -- 120
6 Super Size Projects
l (point values are cumulative):
A. 100%to 199% Y 25
B. 200%to 299% N 68
C. 300%to 399% N 65
D. 400%and Over N 52
Sub-total Super Size Projects: �'i 210
7 Pay for Municipal Infrastructure:
A. Pay for Oversizing or Upgrading N i 14
B. Pay for 26-50%of Extension Cost N l 26
C. .Pay for 51-75%of Extension Cost N 39
D. Pay for 76-100%of Extension Cost N 52
Sub-total Infrastructure Related: — 131
Total from Applicant Section: 459 539
Total from Staff Section: n ti 461
Total Public Benefit Points: 4.'. 8 `I 1000
r<Wo. STATEMf NT OF BENEFITS
ri REAL ES II ATE IMPROVEMENTS 2025 PAY 2025
State Form 517P7(R7/1-21)
r i. Prescribed by he Department of Local Government Finance FORM SB-1/Real Property
PRIVACY CE
This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concern!ng the cost
lJ Redevelopment or rehabili lion of real estate improvements(IC 6-1.1-12.1-4) of the property and specific salaries
ElResidentially distressed ar a(IC 6-1.1-12.1-4.1) paid to individual employees by the
INSTRUCTIONS: property owner is confidential per
IC 6-1.1-12.1-5.1.
1. This statement must be su miffed to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires
information from the applic nt in making its decision about whether to designate an Economic Revitalization Area. Otherwise, this statement must be
submitted to the designatin body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction.
2. The statement of benefits f�rm must be submitted to the designating body and the area designated an economic revitalization area before the initiation of
the redevelopment or reha ilitation for which the person desires to claim a deduction.
3. To obtain a deduction,a Fo m 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 thirt(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 ap lication within the prescribed deadline may file an application between January 1 and May 10 of a subsequent year.
4. A property owner who files .r 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 attach a 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 Pro,:rty that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each
deduction allowed. For a 'orm 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- 2.1-17
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
4Boys4 Investments LLC
Address of taxpayer
Number and Street: 165 Bell "oad
City, Niles state. MI ZIP' 49120
Name of contact person
Telephone number E-mail address
First Name: Easter last Name Baber
(269)262-0511 ebaber@michiganmotorsparts.com
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body
Common Council of the City of South Bend Resolution number
Location of property Number and. reel City State zip I County
3315 William Richards t St. Joseph DLGF taxing district number
n Ct. South Bend IN 46628009(South Bend-German)
Description of real property improve ents,redevelopment,or rehabilitation(use additional sheets if necessary)
Estimated start date(month,day,year)
Construction of a 50,100 square foot office and warehouse building for the 6/1/2026
new headquarters of Michigan Motorsports. Property is currently vacant Estimated completion date(month,day,year)
12/31/2028
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current Number Sala :s Number Retained Salanes
Number Additional Salaries
0 0 0 $0 29 $2,133,976
SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS
Current values
COST ASSESSED VALUE
$o $0
Plus estimated values of prop.sed project $4,000,000
ro $2,400,000
Less values of any property b ing replaced $o $o
Net estimated values upon co pletion of project $4,000,000
SECTION 5 $z,40o,000
WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste conve 3. (pounds) Estimated hazardous waste converted(pounds)
Other benefits
Construction on a long-vacant parcel. Filed in Clerk's Office
Oct 22, 2025
I(ianea I ireful
City Clerk South Rend. IN
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the rep esentations in this statement are true.
Signature of authorized re entativ
1 Date signed(r/tenth,dal,year)
Printed name of authonzed represen:ive ?nth,
7— Z �'
Title
er't '.--"D Pr— CG o
Page 1 of 2
FOR USE OF THE DESIGNATING BODY
We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed
under IC 6-1.1-12.1,provices for the following limitations:
A. The designated area has been limited to a period of time not to exceed n/a calendar years*(see below). The date this designation
expires is 12/31/2028 NOTE: This question addresses whether the resolution contains an expiration date for the designated area.
B. The type of deducticn that is allowed in the designated area is limited to:
1. Redevelopment ct rehabilitation of real estate improvements EYes ❑No
2.Residentially distressed areas ❑yes No
C. The amount of the deduction applicable is limited to$ n/a
D. Other limitations or donditions(specify) n/a
E. Number of years alldwed: ❑Year 1 ❑Year 2 ❑Year 3 ❑Year 4 ❑Year 5 ('see below)
❑Year6 Q Year 7 ❑Year ❑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 6-1.1-12.1-177
Ei Yes ❑No
If yes,attach a copy bf the abatement schedule to this form.
If no,the designatinc 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 ofrttester) Printed name of attester
'If the designating body lim is 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 designatinc 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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