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Home My WebLink About5148-25 Modifying and Reconfirming Resolution - Real Property Tax Abatement for Verbio North America LLC at 3201 West Calvert Street United States of America ____ N _ FILED i COKICD *** --0 *• ;s=� NOV 0 / 2025 =-a ~ -RECEIVED' ST, JOSEPH_AUDITOR NOV 0 7 2025lit • ST. d AS OR NN EPH 2025-28639 • • RECORDED AS PRESENTED ON ertl icate 11/07/2025 11:04 AM CANDACE S.BROWN ST.JOSEPH COUNTY RECORDER PGS:S FEES: 25.00 STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: I, Bianca L. Tirado, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby certify that the attached and foregoing is a full, true, and correct copy of RESOLUTION NO. 5148-25 A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF DECLARATORY RESOLUTION NO. 5019-23 DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3201 WEST CALVERT STREET, SOUTH BEND, INDIANA 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT-YEAR (8) REAL PROPERTY TAX ABATEMENT FOR VERBIO NORTH AMERICA LLC ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, OCTOBER, 27, 2025 PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, OCTOBER, 30, 2025 ATTEST: CANNETH LEE, PRESIDENT OF THE COMMON COUNCIL ATTEST: BIANCA L. TIRADO, CITY CLERK the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph County, Indiana. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of the City of South Bend, St. Joseph County, Indiana, this 7LI' day of NovvNtde- 20 Z.S. . �,,,,/"''COU jR b Bianca L. Tirado Q ,• ��z�.�ti�lik/ 'L Clerk of the City of South Bend ‘ ^ �� St. Joseph County, Indiana `�� V':` 4 aL�a.. �cnl Deputy City Clerk gir • 1 8 65> '` RESOLUTION No . 5148-25 Passed by the Common Council of the City of South Bend, Indiana October 27, 20 25 Attest: ! % +,. City Clerk Bianca L. Tirado Attest: ' .) . ---2-'- President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana October 28, 20 25 ✓("0 / City Clerk Bianca L. Tirado Approved and signed by me 0CP tr it 20 25 )1 lit Mayor 04,, C - ;10,ys,,,, .4 F0 \ `, i'/: 1"` BILL NO. 25-43 RESOLUTION NO. 5148-25 A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF DECLARATORY RESOLUTION NO. 5019-23 DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3201 W. Calvert Street, South Bend, Indiana 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT-YEAR (8) REAL PROPERTY TAX ABATEMENT FOR Verbio North America LLC WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as an Economic Revitalization Area for the purpose of tax abatement consideration; and WHEREAS, Declaratory Resolution No. 5019-23 designated the area described as: Key Number: 71-08-16-400-002.000-026 Commonly Known As: 3201 W. Calvert Street, South Bend, IN 46613 Legal Description: Vac Sunset Pk Se 1/4 Ex Pt Sold To City S& Adj & Mid Pt S 1/2 E Of Rr Cont 61.834 Ac+- Sec 16-37- 2e 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, upon proper notice, a public hearing was held, after which the Common Council issued Confirming Resolution No. 5026-23 on June 12, 2023, confirming the adoption of Declaratory Resolution No. 5019-23; and WHEREAS, Verbio North America LLC, a Foreign Limited Liability Company, was granted a designation period which expires on December 31, 2026, in Confirming Resolution No. 5026-23; and WHEREAS, Verbio North America LLC has begun a project to modernize the real property located at the area designated, through the adoption of Declaratory Resolution No. 5019- 23 and confirmed through the adoption of Confirming Resolution No. 5026-23, as an Economic Revitalization Area for the purpose of tax abatement consideration; and WHEREAS, the modernization project, upon completion, will employ proprietary technology and processes that will be eligible for federal tax credits that incentivize the development and implementation of technologies for renewable energy; and WHEREAS, Verbio North America LLC's advanced technology processes require approval from the federal Department of Energy; and WHEREAS, the Department of Energy's approval depends on guidelines to be issued by the Internal Revenue Service at a date expected to be no sooner than May 2026; and WHEREAS, following the publication of guidelines by the Internal Revenue Service, the Department of Energy's approval for Verbio North America LLC would be issued approximately one year later; and WHEREAS, because of delays in the issuance of guidelines by the Internal Revenue Service, Verbio North America LLC's project has been delayed and full construction of the real property improvements cannot begin until Verbio North America LLC has received the necessary federal approvals; and WHEREAS, because of these delays, which are outside the control of Verbio North America LLC, the Petitioner has requested to extend the designation period confirmed by Confirming Resolution No. 5026-23; and WHEREAS, the Common Council desires to reconfirm the designation of a certain area designated by Declaratory Resolution No. 5019-23 and confirmed by Confirming Resolution No. 5026-23 as an Economic Revitalization Area for purposes of an eight-year (8) real property tax abatement; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby reconfirms Declaratory Resolution No. 5019-23 and Confirming Resolution No. 5026-23 designating as an Economic Revitalization Area for purposes of an eight-year(8) real property tax abatement the area described as: Key Number: 71-08-16-400-002.000-026 Commonly Known As: 3201 W. Calvert Street, South Bend, IN 46613 Legal Description: Vac Sunset Pk Se 1/4 Ex Pt Sold To City S& Adj & Mid Pt S 1/2 E Of Rr Cont 61.834 Ac+- Sec 16-37- 2e SECTION II. The designation as an Economic Revitalization Area for purposes of an eight-year (8)real property tax abatement expires on December 31, 2030. SECTION III. The Common Council hereby determines that the Petitioner is qualified and is granted property tax deduction for a period of eight(8)years as shown in Section VI of Declaratory Resolution No. 5019-23 and further determines that the petition, the Statement of Benefits, and the Memorandum of Agreement between the Petitioner and the City of South Bend comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. .7"'L--"—,' /2 Canneth J. Lee, Council President South Bend Common Council Attest: LON/ , ii Bianca L. Tirado, Ci 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 28th day of October , 2025, at 12 o'clock p.m. 40kit'fr" ,4 i Bianca L. Tirado, City rk Office of the City Clerk Approved and signed by me on the 3" day of e, , 2025, at 2 o'clock f.m. Jame Mueller, Mayor City f South Bend, Indiana