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HomeMy WebLinkAbout26-05 Designating Resolution - Real Property Tax Abatement for David A. Nufer LLC (Burton's Laundry) is ro - CITY OF SOUTH BEND COMMUNITY INVESTMENT • February 4, 2026 Filed in Clerk's Office Council Member Troy Warner Feb 4, 2026 Chairperson, Community Investment Committee South Bend Common Council Bianca I trad" South Bend City Hall, 3rd Floor ('itc clerk South Bend. IN South Bend, Indiana 46601 RE: Declaratory Resolution: Retail Development Real Property Tax Abatement Petition for David A. Nufer, LLC (Burton's Laundry) Dear Council Member Warner, Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax abatement petition submitted by David A. Nufer, 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 intends to build a new Burton's Laundromat at currently vacant property located at the northeast corner of the intersection of S. Main Street and W. Eckman Street. The facility will be approximately 4,300 square feet and would create four (4) new jobs. The total private investment for this project is $2 million, not including costs associated with land acquisition. The project meets the qualifications for a six-year(6) retail development real property tax abatement. A representative from David A. Nufer, LLC (Burton's Laundry), will be available to meet with the Committee on Monday, February 9, 2026. 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 South Bend City Hall.Suite 500 215 S.Martin Luther King Jr.Blvd. South Bend,IN 46601 p 574235.9371 www.southbendin gov Filed in Clerk's Office Feb 4, 2026 BILL NO. 26-05 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 2614-2626 S. Main Street, South Bend, Indiana 46614 AND 109 W. Eckman Street, South Bend, Indiana 46614 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX-YEAR (6) REAL PROPERTY TAX ABATEMENT FOR David A Nufer, 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: 71-08-24-105-005.000-026 Local Parcel Number: 018-8014-0644 Commonly Known As: 2614 S. Main Street _ Legal Description: Lot 13 Oakside 1st Add Key Number: 71-08-24-105-006.000-026 Local Parcel Number: 018-8014-0645 Commonly Known As: 2616 S. Main Street Legal Description: Lot 14 Oakside 1st Key Number: 71-08-24-105-007.000-026 Local Parcel Number: 018-8014-0646 Commonly Known As: 2626 S. Main Street Legal Description: Lot 15 Oakside 1st Key Number: 71-08-24-105-009.000-026 Local Parcel Number: 018-8014-0648 Commonly Known As: 109 W. Eckman Street Legal Description: Lot 16 Oakside 1st Add 24/25 Cons W/0647 per owners req 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, 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 six(6)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 - 70% 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 , 2026, at o'clock .m. Bianca Tirado, City Clerk Office of the City Clerk Approved and signed by me on the day of ,2026,at o'clock .m. James Mueller, Mayor City of South Bend TAX ABATEMENT REPORT Filed in Clerk's Office Feb 4, 2026 TO: South Bend Common Council I;i,,,,c, Lirado City Clerk. south Bend. IN FROM: Erik Glavich, Director, Growth and Opportunity SUBJECT: Retail Development Real Property Tax Abatement Petition for David A. Nufer, LLC (Burton's Laundry) DATE: February 4, 2026 On February 4, 2026, a petition for tax abatement from David A. Nufer, LLC, was filed with the Office of the City Clerk. The petition seeks consideration for a retail development real property tax abatement for property at the following contiguous parcels: 2614-2626 S. Main Street and 109 W. Eckman Street. 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, David A. Nufer, LLC, purchased the property at the northeast corner of S. Main Street and W. Eckman Street. and will build a new Burton's Laundry facility on the site (4,600 square feet). • The private investment commitment for the project is $2.0 million and includes $1.2 million for the building and about $800,000 in equipment. • The project will provide residents and families in the surrounding area access to services that might not currently exist. • The petitioner is investing in a neighborhood that is prime for new development. The new building and activity will hopefully spur additional investment and enhance the vibrancy of the community. Employment Impact Per this petition and supporting materials: • Upon completion, the new facility will create (4) new jobs. • Burton's Laundry is committed to providing equal opportunity and diversity in their labor force. The company currently employs 52 individuals across 13 stores in South Bend and the surrounding area. Tax Estimates The petitioner qualifies for a six-year (6) retail development real property tax abatement. • Current estimated combined annual real property taxes: $1,333 • Estimated combined annual taxes after the project's completion: $25,507 • Total estimated combined taxes during the six-year (6) abatement period: $153,042 Estimated taxes being abated during the abatement period: $112,173 Estimated total taxes to be paid during the abatement period: $40,869 Abatement Qualification 1. A review of the tax abatements previously granted finds that the petitioner has been granted the following prior abatement. • Resolution No. 5027-23 (6/12/23): Four-year (4) real property tax abatement for a new Burton's Laundry at 521 N. William Street 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 South Side Development Area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a six-year (6) retail development real property tax abatement under Division 4 (Retail Development Real Property Tax Abatement), Section 2-79 (Retail developments in Central Business District, East Bank Development Area and Tax Abatement Impact Areas) and Division 9 (Miscellaneous Real Property Tax Abatement Guidelines), Section 2-84 (Council's authority to enlarge real property tax abatement general standards). 2 February Abatement 2,2026 David A Nufer. LLC South Bend Portage Township-Real Property Tax Abatement Schedule(Retail Establishment)* Type of Property: Retail Establishment Estimated Project Cost: $ 1,200,000 Addition Property Address: 2614-2626 S.Main Street;109 W.Eckman Street Tax Key Number 71-08-24-105-005.000-026;71-08-24-105-006.000-026;71-08-24-105-007.000-026;71-08-24-105-009.000-026 Project Compte Before Project No Abatement With Abatement Tax Year/Pay Year 2026/Pay 2027 2027/Pav 2028 2027/Pay 2028 2028/Pay 2029 2029/Pay 2030 2030/Pay 2031 2031/Pay 2032 2032/Pay 2033 Assessed Value(AV) Land $ 24,900 $ 24,900 $ 24,900 $ 24,900 $ 24,900 $ 24,900 $ 24,900 $ 24,900 Structure(60%AV of Project Cost) 14,800 734,800 734,800 734,800 734,800 734,800 734,800 734,800 Gross Assessed Value 39,700 759,700 759,700 759,700 759,700 759,700 759,700 759,700 Abatement 100% 95% 90% 85% 80% 70% Abatement Deduction - - (720,000) (684,000) (648,000) (612,000) (576,000) (504,000) Standard Homestead Deduction - - - - - - Supplemental Homestead Deduction - - - - - - - Non-Homestead Standard Deduction - Net Assessed Value 39.700 759,700 39,700 75,700 111,700 147,700 183,700 255,700 Property Taxes Assume constant tax rate of 5.0426% Gross Tax(Tax Rate x Net AV) 2,002 38,309 2,002 3,817 5,633 7,448 9,263 12,894 - Local Tax Credit (188) (3,599) (188) - - Circuit Breaker Credit (481) (9,202) - - - _ - Sup.lemental Homestead Credit - - - Taxes Due $ 1,333 $ 25.507 $ 1,814 $ 3,817 $ 5,633 $ 7,448 $ 9,263 $ 12,894 3% 3% 3% 3% 3% 3% 3% 3% Circuit Breaker Cap 1,191 22,791 22,791 22,791 22,791 22,791 22,791 22,791 Debt Service(0.3575%of Net AV) 142 2,716 142 271 399 528 657 914 Max Tax Under the Cap 1.333 25.507 22.933 23,062 23.190 23,319 23,448 23,705 Estimated Pre- Projected Total Projected Pay Year Abatement Project Tax Liability Additional Tax Tax Liability Taxes Abated Net Taxes Paid Liability (Current+Add'I) 2028 100% $ 1,333 $ 24,174 $ 25,507 $ (23,693) $ 1,814 2029 95% 1,333 24,174 25,507 (21,690) 3,817 2030 90% 1,333 24,174 25,507 (19,874) 5,633 2031 85% 1,333 24,174 25,507 (18,059) 7,448 2032 80% 1,333 24,174 25,507 (16,244) 9,263 2033 70% 1,333 24,174 25.507 (12,613) 12,894 Total: 7,998 145,044 153,042 (112,173) 40,869 �z ,, Department of Community Investment •This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2024 Payable 2025. City of South Bend The true fax values will ultimately be determined by the actual assessed valuation and the then current tax rates. , City of South Bend Instructions:Complete pages 1-3 jj N AND the proper Form SB-1 for ,� � N the type of abatement(real i Petition for Incentives N property or personal property) '\ - i Petition must include a$250 filing fee payable to the for which you are applying. H,, "City of South Bend"before processing can be complete General Information N Project Name Burton's Laundry Project Number N Legal name as registered with David A Nufer, LLC Secretary of State Business structure Limited Liability Company Company website https://burtonslaundry.com/ Proposed Project Information Proposed project address 2614-2626 S.Main;109 W.Eckman Parent company name David A Nufer. LLC city,State,zip South Bend, IN 46614 Legal owner David A Nufer, LLC Site acreage or acreage required Is the real estate owned Owned .76 acre or leased? Square feet of facility 4,300 If leased,by whom? Primary Contact Information Primary company contact name David A Nufer Title Owner Address of company contact 2409 Mishawaka Ave. Phone (574)340-9750 City,State,Zip South Bend, IN 46615 Email davidanufer@gmail.com Senior Official Information Company senior official name Title same as above Address of company contact Phone (if different from above) City,State,Zip Email Consultant Information/Agent Hired business consultant/agent name Mike Danch Consultant release?(V/N) Address Local economic development partners 1643 Commerce Drive approval?(Y/N) City,State,Zip South Bend, IN 46628 Email mdanch@danchharner.com Project Overview Brief description of your company,project,and why the We will build a new Burton's Laundromat on property that has been vacant for a long property is necessary for time. The existing building on the far north side of the property will be used for storage. economic growth We have owned and operated laundry facilities in South Bend since 1976. By reviewing the demographics we feel the location would be a great fit for the residents of the south side of South Bend. A tax abatement would enable us to reduce the cost for our customers by a minimum of 10%of the average price in our community through the abatement. We believe it would be an asset for this area and hopefully other investments by other individuals would continue for future growth. We will continue our commitment to the community by increasing our existing partnership with Goodwill, Senior Suds, Hotels for Now, and New Day Intake Center. Certified Technology Park appropriate N/A Is the project in a Tax Incremental Financing (TIF)area? If so,which? South Side Development Area Have Building Permits been issued?(Y/N) Number of residential units created by N/A [Note-Not eligible for abatement if Yes] NO project If this is a petition for personal property tax abatement,has No the equipment been installed? 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? 0.00 No $20,000 $750,000 New Project Investments Calendar Year 2024 2025 2026 2027 2028 2029 2030 2031 Land Acquisition $185,000.00 Building Lease Payments Building Purchase Costs I I New Building Construction $1.200.000.00 Existing Building Improvements New Machinery&Equipment $800.000.00 Special Tooling/Retooling New Furniture/Fixtures New Computer/IT Hardware New Software On-site Rail Infrastructure On-site Fiber Infrastructure TOTAL $0.00 $185.000.00 S 2.000.000.00 $0,00 $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 Hourly average wage,w/o Total training Total#to be average time permanent jobs created at benefits or bonuses,of expenditure- trained-not wage,w/o benefits or project cumulative net new jobs not cumulative bonuses cumulative 2026 $ 12.00 4 $ 12.00 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Provide hourly wage information for new employees in the following positions. Full time Part time Laborers $ 12.00 Technical Managerial Administrative Who will be the individual responsible for coordinating with WorkOne on recruiting? Susan M Nufer Does your company have an EEO hiring policy? Yes 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 outreach and recruitment efforts for the last Year 2026 2025 2024 three years as well as current policies. Full Time Part Time Full Time Part Time Full Time Part Time Black 4 8 4 8 7 7 Currently, Burton's Laundry has Hispanic 1 3 1 3 1 52 employees, 7 men and 48 Asian females. We operate 14 stores throughout the Mishawaka, Indian South Bend,and Elkhart area. Female 18 17 18 17 8 32 Each store has a manager,with 2 of the 14 managers black. Other 1 1 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. Qualify Please complete the table below with the appropriate information. If Earned Points Available Points (Yes or No) you qualify for the points,please enter the full amount of available points. 1 Construction Related(Contractors): A. Employ Local Companies(75%) Y 20 20 B. Purchase Materials from Local Companies(75%) Y 20 20 C. Require Employees vs.Independent Contractors Y 19 19 D. Require Prevailing Wage Y 22 22 E. Require Health Benefits Y 22 22 F. Require Retirement Benefits . Y 18 18 G. Maintain Affirmative Action Plan 11 Y 20 20 Sub-total Construction Related: 141 141 2 Wage&Benefit Related(Owner): A. Pay Target Wage Levels N 0 33 I B. Provide Health Benefits N 0 34 C. Provide Retirement Benefits N 0 29 D. Provide Training Y 28 28 IE. Provide Child Care N 0 15 F. Provide Transportation Assistance N 0 14 G. Provide Employer Assisted Housing program N 0 9 Sub-total Wage&Benefit Related: 28 162 3 Workforce Related: A. Create New Jobs Y 42 42 B. Retain Existing Jobs N 0 41 C. Maintain Affirmative Action Plan Y 35 35 Y 34 34 D. Provide Targeted Hiring Preference Sub-total Workforce Related: 111 152 4 Support a Municipal Facility: Support a SB Municipal Facility(donations to the Y 84 A. zoo,conservatory,museum,etc.) 84 If 4A is"Y,"then type Name of Facility(required if"Y"): Zoo; Mishawaka Food Pantry;Goodwill; Humane Society Sub-total Municipal Facility: 84 84 I Sub-total from Above: 364 539 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: Susan M Nufer Date: 1/27/2026 For Staff Use Only Below This Line 1 What is the CURRENT assessed value? Land: $24,900 Real Property Improvements: S 14.800 Personal Property: What is the projected assessed value? Real Property Improvements: $720,000 Personal Property: What is the six digit NAICS code? 812310 What is the tax key number(s)for this project? 71-08-24-105-005.000-026,71-08-24-105-006,000-026,71-08-24-105-007.000-026,71-08-24-105-009.000-026 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 2025/Pay 2026 $ 1,493.70 Tax Year 2024/Pay 2025 $ 1,448.36 Tax Year 2023/Pay 2024 $2,635.32 Tax Year 2022/Pay 2023 $2,449.46 Tax Year 2021/Pay 2022 $2,374.16 Please fill out the following Public Benefit Summary Information and add to total from above. (Y or N) Points Points Public Benefit Item: Project Related: 5 A. Redevelop a Site that has Special Needs Y 49 49 B. Develop Based on Local University Research N 0 35 C. Achieve a Physical Element of a Plan N 0 36 Sub-total Project Related: 49 120 6 Super Size Projects(point values are cumulative): A. 100%to 199% N 0 25 B. 200%to 299% N 0 68 C. 300%to 399% N 0 65 D. 400%and Over N 0 52 Sub-total Super Size Projects: 0 210 7 Pay for Municipal Infrastructure(point values are cumulative): A. Pay for Oversizing or Upgrading N 0 14 B. Pay for 26-50%of Extension Cost N 0 26 C. Pay for 51-75%of Extension Cost N 0 39 D. Pay for 76-100%of Extension Cost N 0 52 Sub-total Infrastructure Related: 0 131 Total from Applicant Section: 364 539 Total from Staff Section: 49 461 Total Public Benefit Points: 413 1000 Aerial and Street Views ta ' 1,..; A5 ' ' s et p COI .. , iiir R _.-_- tic-,. : -). " . Anorionimisi iii / I( „ q O,BJ6 1 ' / '2'1'' I I air ,I It, lkik Ai a - i _ _ -_.—_. _ / �,xsl� .. �6 - � a., Pr av :l o r View Looking East from the Intersection of S. Main Street &W. Eckman Street .xr. ..�� �� _Y `dam V '• Proposed Improvements (Project Rendering) +ram ,..�,.„. � int, •,,, —41111,:i .�. f , 9 1 s s.s.-_ !_ y . •1 or" �Sb`,r 1. .�.,r.,1V,4j7TVV +f J, ....,'+".e t .I f,, .. .^+-"^o STATEMENT OF BENEFITS 20 26 PAY 20 27 77y is•A REAL ESTATE IMPROVEMENTS FORM SB-1/Real Property a1 .• t State Form 51767(RB 1 5 25) o PRIVACY NOTICE Prescribed by the Department of Local Government Finance Any information concerning the cost This statement is being completed for real property that qualifies under the following Indiana Code(check one box): of to individual dual and e specific ciifcs salaries the ✓ Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) property owner Is confidential per Residentially distressed area(IC 6-1.1-12.1-4.1) IC 6-1.1-12.1-1.1. New agricultural improvement(IC 6-1.1-12.1-4) 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 initiation of the redevelopment or rehabilitation of real property or a new agricultural improvement for which the person wishes to claim a deduction. 2. 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. 3. 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) 4. 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. SECTION 1 TAXPAYER INFORMATION Name of Taxpayer David A Nufer, LLC Address of Taxpayer(number and street,city,state,and ZIP code) 2409 Mishawaka Ave., South Bend, IN 46615 Name of Contact Person Telephone Number Email Address David Nufer (574 ) 340-9750 davidanufer@gmail.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Resolution Number Name of Designating Body Common Council of the City of South Bend Location of Property County DLGF Taxing District Number 2614-2626 S.Main St, 109 W.Eckman Street,South Bend,IN 46614 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) A new Burton's Laundry on the current vacant land. The existing building on 06/01/2026 the north side of the of the property will be used for storage. 1Estimated Completion 2/31/2027 Date(month,day,year) SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES FROM PROPOSED PROJECT Current Number Salaries Number Retained Salaries N4umber Additional Salarie$9ri 000 0 0 0 0 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current Values $0 $14,800 (+)Plus Estimated Values of Proposed Project $1,200,000 $720,000 (—)Less Values of Any Property Being Replaced $0 $0 Net Estimated Values Upon Completion of Project $1200,000 $734,800 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated Solid Waste Converted(pounds) 0 _ I Estimated Hazardous Waste Converted(pounds) 0 Other Benefits: SECTION 6 TAXPAYER CERTIFICATION I hereby i=rtify that the represen . Ion his schedule are true. Signature' Authorized R -i Date Si ed^�onntth,day,year) 0 7t7 Printed r e of Authoriz Re-'= >n 11 a Ti Ifie_- Page 4 4,,,,2 .�, 1*1 of 2 FOR USE OF THE DESIGNATING BODY We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body.Said resolution,passed or to be passed under IC 6-1.1-12.1,provides for the following limitations: A. The designated area has been limited to a period of time not to exceed NIA calendar years'(see below).The date this designation expires is 17J31/2028 .NOTE:This question addresses whether the resolution contains an expiration date for the designated area. B. The type of deduction that is allowed in the designated area is limited to: ✓Yes _No 1.Redevelopment or rehabilitation of real estate improvements ,Yes ✓ No 2.Residentially distressed areas Yes ✓ No 3.New agricultural improvement C. The amount of the deduction is limited to$NIA D. Other limitations or conditions(specify) NIA E. Number of years allowed: ❑Year 1 ❑Year 2 ❑Year 3 ❑Year 4 ❑Year 5(*see below) ❑✓ Year 6 E]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) (574) Printed Name of Authorized Member of Designating Body Name of Designating Body 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. In accordance with IC 6-1.1-12.1-17,where the Form SB-1/Real Property was approved after June 30,2013,the designating body is required to establish an abatement schedule for each deduction allowed.The deduction period shoJld be as follows: A. For residentially distressed areas,the deduction period may not exceed ten(10)years. B. For the redevelopment or rehabilitation of real property,the deduction period may not exceed ten(10)years. C. For a new agricultural improvement,the deduction period may not exceed five(5)years. 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. (5)In the case of a deduction for new farm equipment or new agricultural improvement,an agreement by the deduction applicant to predominately use the area for agricultural purposes for a period specified by the designating body. (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 subsection(d)and section 18 of this chapter,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. (d)An abatement schedule for new farm equipment or new agricultural improvement may not exceed five(5)years. Page 2 of 2