HomeMy WebLinkAboutBills 16-14 16-15 16-16 16-17 The Tower Tax Abatements227 W. JE NERsoN BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
Mauch 9, 2016
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
SCOTT FORD, ExECUTivE DIRECTOR
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
:South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Tax Abatement Petitions for:
The Tower at Washington S quare, LLC
Dear Council Member Ferlic:
PHONE: 574/235 -9371
FAx: 574/235 -9021
*The provided information in this cover letter and accompanying documentation
are from the original packet provided to Council and is being included to Council
for informational purposes due to the time delay in bringing back the Confirming
Resolutions before Council for approval.
Please find the attached information pertaining to the vacant building and real property tax
abatement petitions for The Tower at Washington Square, LLC.
Department of Community Investment's summary report
➢ Copy of the petitions
➢ Statement of Benefits forms
➢ Supporting information.
The report contains the Department's findings relative to the above petitions. As detailed
in the accompanying Tax Abatement Report the petitioner is requesting exceptions to the
local ordinance as allowed by State law. A representative from The Tower at Washington
Square, LLC will be available to meet with the Committee on Monday, March 14, 2016.
Should you or any of the other Council members have any questions concerning the report,
or need additional information, please feel free to call me at 235 -5823.
Sincerely,
Aaron Kobb
Director Economic Resources
Filed in Clerk's Office
EMA R 0 9 2016
KAIiEEMAFI I~OW LE
CITY CLERK, SOUTH SEND, IN
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB
RESOLUTION NO.
A RESOLUTION MODIFYING AND CONFIRMING THE
ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS:
211 West Washington Street
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR:
APARTMENTS LOCATED AT
THE TOWER AT WASHINGTON SQUARE LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, adopted
Declaratory Resolution No. 4506 -15 (the "Declaratory Resolution ") designating certain areas
within the City as Economic Revitalization Areas for the purpose of tax abatement consideration;
and which was adopted by the Council on October 27, 2015 and approved by the Mayor that
same date
WHEREAS, the Declaratory Resolution designated a portion of the property commonly
known as 211 West Washington Street, South Bend, Indiana, and which is more particularly
described as follows:
Lots 239 & 240 &
Vac Alley W & Adj
OP
and which is to be rehabilitated for use as apartments as an Economic Revitalization Area; and
WHEREAS, said property has been subdivided into four (4) separate tax parcels and the
legal description and Key Number for the parcel relating to the apartments is as follows:
[LEGAL DESCRIPTION]
Key Number
(said parcel being referred to hereinafter as the "Property "); and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing
before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and
WHEREAS, a copy of the notice of adoption of a Declaratory Resolution and a statement
containing substantially the same information as a statement of benefits filed with the Council
has been filed with each taxing unit that has authority to levy property taxes in the geographic
area pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and
WHEREAS, the Council held a public hearing on March 14, 2016 for the purposes of
hearing all remonstrances and objections from interested persons; and
WHEREAS, the Council determined that the qualifications for an economic revitalization
area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby modifies and confirms its Declaratory
Resolution to designate the Property as an Economic Revitalization Area for the purposes of tax
abatement. Such designation is for real property tax abatement only and is limited to three (3)
calendar years from the date of adoption of the Declaratory Resolution by the Common Council
rather than the two (2) calendar year designation due to the size, scope and complexity of the
rehabilitation of the property.
SECTION H. The Common Council hereby determines that the property owner is
qualified for and is granted real property tax deduction for up to a period of ten (10) years as
provided in the alternate abatement scheduled below pursuant to Indiana Code 6- 1.1- 12.1 -17 and
further determines that the petition, the Memorandum of Agreement between the Petitioner and
the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the
Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea.
Real Property
Year Abatement
1
100%
2
100%
3
90%
4
85%
5
85%
6
85%
7
85%
8
60%
9
60%
10
60%
-2-
US.105007109.01
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
NOT APKOMW
US.105007109.01
-3-
Member of the Common Council
File.
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: AARON KOBB
SUBJECT: REAL PROPERTY TAX ABATEMENT PETITIONS FOR:
The Tower at Washington Square, LLC
DATE: March 9, 2016
Attached please find the petitions of The Tower at Washington Square LLC (the
"Petitioner "), seeking real property tax abatement for the real property within the City of
South Bend, Indiana, commonly known as 211 West Washington Street (the "Property ").
In order to permit Petitioner to increase the scope of the rehabilitation of the Property,
Petitioner requests that the Common Council rescind Resolution 4353 -14 adopted on April
28, 2014 by the Common Council and Resolution No. 4361 -14, adopted on May 12, 2014
by the Common Council which previously designated the Property as an Economic
Revitalization Area for the purposes of tax abatement and only for a period of two (2)
calendar years. As part of the increase in scope of rehabilitation, the Property shall be
subdivided into four (4) separate tax parcels based upon the designated use of each tax
parcel. The designated uses of the parcels shall be (i) a hotel; (ii) retail; (iii) parking garage;
and (iv) residential apartments. Upon the subdivision of the Property, the Petitioner expects
that each parcel will be owned by a separate entity, each affiliated with the Petitioner. The
Petitioner requests a vacant building deduction for the parcel designated for a hotel. At
this time, the Petitioner also requests a deduction for real estate improvements for the retail,
parking garage, and residential uses. The requested tax deduction for the hotel, retail,
parking garage and residential are set forth in the tax abatement schedule in each petition.
The Petitioner requests that the Common Council now consider the (4) four petitions filed
herewith and adoption of the related confirming resolutions.
The Common Council should note the following exceptions to the local ordinance being
requested for these petitions:
Tower — Hotel
➢ Standard designation for an Economic Revitalization Area is two years.
Petitioner is requesting this be three years.
Project would qualify for a two year vacant building abatement. Petitioner
is requesting a ten year abatement.
➢ Petitioner is requesting a revised abatement schedule as detailed in the
accompanying Confirming Resolution.
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB
• Tower - Retail
➢ Standard designation for an Economic Revitalization Area is two years.
Petitioner is requesting this be three years.
➢ Project would qualify for a six year real property tax abatement. Petitioner
is requesting a ten year real property abatement.
➢ Petitioner is requesting a revised abatement schedule as detailed in the
accompanying Confirming Resolution.
• Tower - Parking Garage
Standard designation for an Economic Revitalization Area is two years.
Petitioner is requesting this be three years.
➢ Project would qualify for a three year real property tax abatement.
Petitioner is requesting a ten year real property tax abatement.
➢ Petitioner is requesting a revised abatement schedule as detailed in the
accompanying Confirming Resolution.
• Tower- Apartments
➢ Standard designation for an Economic Revitalization Area is two years.
Petitioner is requesting this be three years.
➢ Project would qualify for a nine year real property tax abatement. Petitioner
is requesting a ten year abatement.
➢ Petitioner is requesting a revised abatement schedule as detailed in the
accompanying Confirming Resolution
The Common Council should also note the following business case considerations for
allowing an exception to the local ordinance:
• The building is the most prominent building in downtown and requires substantial
investment to cure mechanical and structural deficiencies.
The proposed use fits in with the overall plan for the downtown.
The proposed deal structure requires no public cash investment.
PROJECT SUMMARY FOR THE FOUR REQUESTED ABATEMENTS
➢ Total project taxes during ten year abatement period — $5,825,917
➢ Estimated taxes being abated during ten year abatement period — $3,778;026
➢ Total taxes to be paid during ten year abatement period — $2,047,891
EMPLOYMENT IMPACT
Per the petitions, it is estimated that the total project will:
➢ Create 89 permanent, full-time jobs in the ten year abatement period, representing
a new annual payroll of $2,899,894
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted, finds that the petitioner has
been granted or associated with a previous abatement.
2. The Building Commissioner has reviewed the petition and finds the property to be
properly zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property
is located in the River West Development Area.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner does
not meet the qualifications for a ten year real property tax abatement under section
IC. 6 -1.1- 12.1 -4.8 and requests exceptions to the local ordinance.
New Project_ Investments
Calendar Year
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Full -Time Permanent Indiana - Resident Positions by Calendar Year
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Provide hourly wage information for new employees in the following positions
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Please list the number of full time and part time minority and /or female employees for each of
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1) How do I pay my petition filing fee?
Your petition f Ilingfes can be paid either in person or via mail to: Or Online vla paypal at.
City Clerk's 00ce http :/Isouthbendin.govlgovernmentI
Attu; Deputy'City Clerk content /tax- abatement
227 Westlefferson Blvd. • Suite 40o S
South Bend, Indiana 46101
2) Certified Technology Park appropriate? (Page one, under project overview)
In theSouth.Bend area "there are only two Certified Technology Parks, Innovation Park and Ignition Park. If
your property is not located in either then the answer would be no,
3) Community Revitalization Enhancement District? (Page one, wider project overview)
Vw map below outlines the CRED area, please check to see if you fall within the boundaries.
CRteb bistrict Boundary
I '
Polend � �
Dunham
Olrptir - Tult Tun -
i
.. Sample -
_Kerr
- Gait - _-
Ignition St�,
c
i
- BlOidwey.
Legend r N
QcAe•oawlrl `` lrldhlre frufune - _ -
Soulh Bend Poerlr
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4) Has any 504 fending been received? (Page one, under investment details)
504 Funding is a loan that come from the Small Business Administration, This funding must be applied for to be
received.
5) Total training expenditure - not cumulative (Page two, under full time Indiana resident positions)
The amount of money to be spentper yea r on training over the courre of the project.
6) Total number to be trained - not cumulative (Page two, under full time Indiana resident positions)
The amount of people that you will train per year over the length of theproject,
If you have any additional questions that are not addressed by this document, please contact Sarah Heintzelman in the
Department of Community Investment at 574. 235.5842 or email at shdntiewsouthbendin.gov
I
' STATNI�iT i0pR�tFITS 20 : PAY 20._ -_
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•reruifie, by the PepadiY�ent of LoFa) GoVmmment t7nan t',t ?
1ICE
?his 1'te.1m�,e11 {.1�). int is mtusii0ps n
IC3s&f s an `eiisible va a ui)$�npF a e5ne� fsy j - " t cis
• T1 ,
Tate fib t' � r ��bn � `B LLC
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ne number addrss
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E TION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
f
`f3eno(n dCouncil
ocaUgn of pro�paly
Cwmy
OLOF r•ianb dtslrfd number
211 tN Washington 41
St. Joseph
poaaiDpop o► Nigibls yearn buliding that.lhe properly oxn•r or fenanl tiv111 opcupy (uso budtlanat si�ools Ueac,ssa_ry).
EsunwWd q=panay date (month, day, year)
Hoiet [spars of a mixed use budding Hotel was closed In 4106:204:. hortly after purchase as
.01 17
building had fallen into severe disrepair and occupancy was lass than 109'o OWhbr Intetds to
Eaumaud dste pleoed" e'(rnonlb, day, year)
beglnriing In late 2015 with occupancy to occllf iri :early 21517
refurkish buildlpg re-
01ro1/17 .
CtiFiegi nr±mt>ef g�{ias ' :<
via tiei retained " $aJ•rtea - Fluoiberabdlion,l Salaijps
_: .... . w 82, 1ti 87
AWWWRI 40 OVi NfENS r�`y '�
ASSRSSEO VALUE
Plus:esillVleteiliifaluos bf ` " osed ;'ro act.. .'15 245,274:00
SECTION 5 EFFORTS TO SELL OR BUILDING
p�sc(it�l'�o k 5�f; '�otie°°fn tht6 ir6c31�: 3°��' � , - �w- rp+g.•?F mow' -.
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systems tea lolrys aerrd ra't�iertce spas tinaft . fit►' viable. ma�ntenanoa
to butyl wais0t pipes t;tificp«►t interbr (Ipriisge Ouvtet h>to u msltly dose a. and �iacate ail liri3ntso bisgin a long
r�i ..• •
term fs�ifsiti��on �' e� . '-
StiowenioUnito wijk�►na6bU11d� was :I&4411a'Sale.oast,:crreniEudr peiiadofvacanVy _
�!►a btd�ngt irJ�nliownlo+�rt So ��er�J and Hs bcation on Main! feet make 31 an impprtant cbmtumiy asset
C@rltreTtha so ' nhe7edev i 6f ihA lwlliag to an uptla�e� wed lts�eproject w"ii be a dal8ltr
addil d m . ;t { 1 vVifl a nI" provide a new t ofsf, [cssidojltia] apartments; retafi space and `refur''b_lshhd
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Page 1 of 2
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 calendar years* (see below). The date this
designation expires is
B. The amount of the deduction applicable is limited to $
C. Other limitations or conditions (specify)
D. Number of years allowed: ❑ Year 1 ❑ Year 2 ❑ Year 3 ❑ Year 4 ❑ Year 5 (* see below)
Year a ❑ Year 7 ❑ Year 6 ❑ Year 9 ❑ Year 10
E. For a statement of benefits approved after June 30, 2013, did the 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.
(signature and title of authodzed member
name
by (signature
number
of
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.
IC 6 -1.1- 12.1 -1(17) "Eligible vacant building" means a building that:
(A) is zoned for commercial or Industrial purposes: and
(B) is unoccupied for at least one (1) year before the owner of the building or a tenant of the owner occupies the building, as evidenced
by a valid certificate of occupancy, paid utility receipts, executed lease agreements, or any other evidence of occupation that the
department of local government finance requires.
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. 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
Nevv Pro'ect Investments
Calendar Year
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TOTAL
MIS 2016 2017 2018 2019 2020 2011 202Z
Full -Tune Permanent Indiana- R-�_,,dent Positions by Calendar Year
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Provide hourly vrage information for new employees in the following positions.
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rfYyv -f� iliiC•if � , - ;�
°Ul�i illy iGi I( qr� x"`31}
Please list the number of full time and part time minority and /or female employees for each of ` c.
- - the last three years:
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Please fill out the Public Benefit Sulnmary Information and add to the tutal from above.
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1) How do I paymy petition filing fee?
Xourpetition filingfee can be paid either in person or via mail to: Or online via paypal at:
City Clerk, Offl a http:/ /southbendb gov/government/
Aft. Deputy, City Clerk content %tax abatement
227 West]e,;�erson Blvd, • Suite 400 S
South Bend, Indiana 466ol
Certified Technology Park appropriate? (Page one, underproject overview)
In the South Bend area there are only two Certi, tied Tech ».logy Parks, 2ttnovatioa Park and lg�aition Park. 7f
yourproperty is not loci tied in either then fire answer would be no.
3) Community Revitalization Enhancement District? (Page one, under project overview)
Ott; map below outlines the CRED area,, please check to see fyou fall within the boundaries.
CREeD District Bouridary
t
- i" .?c Grbaa, Vii? -'_. ,� -•' NSouth _ $dulh _• i. .._
� Foid CV'trp�W
Poland. o
Dunhai+i
i
Fl.per Tutt rutt
OMn
.. .. - . ` _ : -. Garst
LOW - ofd
Legend `'_ r . , N ;
F ;
QCAEOD 07.16.1 tlldlgq' .l
tndt.rla f ► t /I1
QSouth Band Pavab l; - = 7+ \• ;.
4) Has any 504 funding been received? (Page one, under investment details)
504 Frmdingis a loan that come from the Small BusineuAdminist ration. This fundingmust be applied for to be
received.
5) Total training expenditure - not cumulative (Page two, under fall time Indiana resident positions)
The amount ofmoney to be spentperyear on training over the course of the project.
6) Total number to be trained - not cumulative (Page two, under fug time Indisnavesident positions)
The amount of people that you will train per year over the length of the project:
If you have any additional questions that are not addressed by this document, please contact Sarah Heintzelman in the
Department of Community Investmentat574. 235.5842 or email atdidntzepsoulhben&j,0ov
. 06W . QTA 7!r_a'�Iei�T'r.F wr.�.J��,�_ f , it .1 /."-, �}-
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We find that the applicant meets the general standards In the resolution adopted or to be adopted by this body. Said resoluoori, passed of to be passed
under 1C 6.1.1 -12.1, providss for the following limitations:
A. The designated siea has been limited ib a period or time not to exceed
expires I& calendar years" (see below). The dale this designation
S. The type of deduction that Is allowed In The des)gnated 'area is limited to:
1. Redevelopment or rehabilitation of real estate Improvements j]I Yes ❑ No
2. Residentially distressed areas ❑ Yes 13 No
C. The amount of the deduction applicable is limited to 4
D. other limitations or conditions (specify)
E. The deduction Is allowed fpr
years" (see below),
F. Did the designating body adopt an aitemaliv0 deduction schedule per 1C 6 -1.1- 12.1 -17? O Yee ❑ No
iryes, attach a copy or the alternativedeductton schedule to this form.
We have also reviewed the Information contained to the statement of benefits and find that the estimatds and a peclefions are reasonable and have
determined That the totality of benefits is sufficient to Juslity the deductlph described above.
Approved (signature and titre
and 61le ofettester)
Telephone number
{ )
Designated body
signed food; day, year)
If the designating body limits the time period during which an area Is an economic revitalization area, it does not limit the length of line a taxpayer is
entitled to receive a deduction fo a number of years designated under IC 6-1.1- 12.1 -4.
A. For residentially diptressed areas, the deduction period may not exceed five (6) years.
B. For redevelopment and rehabilitation or real estate improvemenis:
1. If the Economic Revitalization Area was designated prior to July 1, 2000, the deduction period is limited to three (3), six (6), or ten (10) years.
2. a the Economic Revitalization Area was desl8naied 'after June 30, 2000, and is not in a residentially distressed area, the deduction period may not
exceed ten (10) years.
Page 2 of 2
1
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New _ELqj.ect_ Investments
Calendar Year
TOTAL.
2.015 2016 2017 2018 2019 2020 2021 2.022
Full-Time Permanent Indiana - Resident Positions by Calendar Yeai
171 l4
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Provide hourly wage information for new employees in the following positions.
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Please list the number of full time and part time minority ar-,d/orfemale employees for each of I I,
the 1pst three years:
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Staff Use Only
Please fill out the Public Benefit Summary Information and add to the total from above.
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I) flow do I pay my petition filing fee?
Your petition filing fee can be paid either in person or via mail to: Or online vla paypal.ah
City Clerk's Office http: / /southb;ndin.gov /government/
Attn: Deputy City Clerk content /tax- abatement
227 West je,erson Blvd,. • Suite 400 S
South Bend, Indiana 46601
2) Certified Technology park appropriate? (Page one, under project overview)
In the South Bend area there are only two Certified Technology Parks, Innovation Park and Ignition Park. if
yourproperty, is notlocated in either then the answer would be no.
3) Community Revitalization Enhancement District? (Page one, under project overview)
The map below outlines the CRED area, please check to see if youfall within the boundaries.
s !
G�oe
i Ford
Po�arM
-Fkher 3 ":=
CREeD District Boundary
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4) Has any Soo funding been received? (Page one, under investment details)
So4andingis a loan that come from the Small Business Administration. this fundingmust be applied fior to be
received.
5) Total training expenditure - not cumulative (Page two, under full time Indiana resident positions)
3 he amount of m oney to be spentper year on training over the course of the project.
6) Total number to be trained - not cumulative (Page two, under fall time Indiana resident positions)
The amount of people that you will train per year over the length of the project.
If you have any additional questions that are not addressed by this document, please contact Sarah Heintzelman in the
Department of Communitylnvestment at 574.235..5842 or email atshei . nta. OlOuth(yndin,,
of Firs
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sM b ► ? peperiryKSnt 4l00;0,a%na PM Ffrmn(*
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�tr�h��i nue8lat�e��lProVa�(ICp61'1 12:1 =0J
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Detaiptiee orre,l properlyimpeovemepU, tetiev66oprnenl, or ithaDlite,5 n (use ed�reaerlshe•ttflaeauery)
Thr Aui4JVIps use and slaMyont ooil qd ma?atmenea Issms have made Ilw WldmB ehte.eradrlgSvlw awma•'amogemtr(
Cun nlpumieet. =s Soferfei" oww* rbWlirctl "`
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SECTION 4
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We. find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolutfoib passed dr to be passed
under 1C 6 -1.1 -12.1, pro�Wes'for the following limitations:
A. The designated area has been limited to a period of tiM6 not exceed
expires is calendar years* (see below). The date this designation
-
B. The tope ofdeductioh that is alibwed in the designated area is limited to:
1. Redeyelpptnent pr rehabilitation of real estate improvements m Yes O No
2. Residentially distressed areas ❑ Yes ® No
C. The amount of the deduction applicable Is limited to $
D. Other limitations or donditions (speclfyJ
E. The deduction} is allowed for•. years" (see below).
F Did the deslgnaling body adopt an alternative deduction schedule per IC 6=1.1- 12.1 -17? ❑ Yes O No
If yes, a(tach a copy of thealternaft deduction schedule to this form
M have also reviewed the lnropnatlon contained In the statement of benefits and find !Fief the oistimates and expectations are reasonable and have
delermfried that the totality of benefila Is sufficlant to Justify the deduction descrlbed'above.
Attested by (slgnatu e
Telephone number Date signed (mdpth,
{
Designated body
* lfthe designating Eddy, Omits the time period during whioh.an area Is-an economic revitalization area, it does not Omit the length of lime a laxpayark
enfilled to receive a deduction toe number of years designated under IC
A. For residentially distressed areas, Ihp deduclion period may not exceed five (6) years.
B. For redevelopment and rehabilitation or real estate improvements:
1. if the Economic Revitalization Area was designated prior to July 1., 2000, the deduction period is limited to three (3), six (6), or ten (I D) years,
2. If the Economic Revitalization Area was designated after June 30, 2000, and Is-not Ina residentially distressed area, the deduction period may not
exceed ten (10) years,
Page 2*of2
New Project Investments
Calendar Year
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TOTAL -- - - -- -_�
2015 2016 2.017 2015 2019 2020 2021 2022
Full -Time Permanent Indiana- Resident Positions by Calendar Year
Srll 1.1 �d b' � Iq F ,,. 1117 rl s'9 l4 CPI it ll I IuIf�IJ! 1 � l; .i u.Lu rll � 11
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.. � -... ii i• � i�illl ill f� �� .- .
Provide hourly wage information for new employees in the follo)ving positions.
G FyilLL.�I`I 1 11 -$26.00
7Ti7a ;F 1PiT]
-_�.1.. U• I.r r�T'uiL. -.t om
Please list the number of full time and part time minority and /or female employees for each of F-fTt
the last three years:
J!c,:IuG�j xrr7 7t T �L ' r'� rli ITir 7� 7t r1 P al
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tl {�i: ^fSjo I��iJl ti7 4�i�.JJt Y
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_
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Staff f Use Only
Please fill out the Public [3enefit
Summary Information and add to the total from above.
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_
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1) How do I pay my petition Sling feet
Four petition filing fee can be paid either in person or via mail to: Or online via paypal at.
City Clerk's Ojj4ce http: / /Southbendin gov /government/
Attn: Deputy City CIerk content/tax- abatement
227 West Jefferson Blvd. • Suite 400 S
South Bend, Indiana 46601
2) Certified Technology Park appropriate? (Page one, under project overview)
In the South Bend area there are only two Certified Technology Parks, Innovation Park and Ignition Park. If
yourproperty is not located in either then the answer would be no.
3) Community Revitalization Enhancement District? (Page one, under project overview)
The map below outlines the CRED area, please check to see if you fall within the boundaries.
I 71r.
P/ �Verft
4.
Wow.
ra
Legend a c-
6RE.G CWna! ; Indleoa
[� Soft rind P,vadt
GREeD District Boundary
..south_.:
4) Has any 504 fending been received? (Page one, under investment details) '
504 Funding is a loan that come from the Small Business Administration. This funding must be applied for to be
received.
5) Total training expenditure - not cumulative (Page two, under full time Indiana resident positions}
The amount of money to be spent per year on trainingover the course of the project.
6) Total number to be trained - not cumulative (Page two, under fall time Indiana resident positions)
The amount of people that you will train per year over the length of the project. -
If you have any additional questions that are not addressed by this document please contact Sarah H i1f i��the ^f
Department of Community Investment at 574.235.5842 or email atsheintzeasouthbendin gov -•�
Cl'lirCL(`:, i:nr� 6 f 11alFk, Eli
Wow.
�.. _._
sroedVM .'.:
— HaW— .l
-J
4) Has any 504 fending been received? (Page one, under investment details) '
504 Funding is a loan that come from the Small Business Administration. This funding must be applied for to be
received.
5) Total training expenditure - not cumulative (Page two, under full time Indiana resident positions}
The amount of money to be spent per year on trainingover the course of the project.
6) Total number to be trained - not cumulative (Page two, under fall time Indiana resident positions)
The amount of people that you will train per year over the length of the project. -
If you have any additional questions that are not addressed by this document please contact Sarah H i1f i��the ^f
Department of Community Investment at 574.235.5842 or email atsheintzeasouthbendin gov -•�
Cl'lirCL(`:, i:nr� 6 f 11alFk, Eli
Rage 1 of 2
We And that the applicaril theels he 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 foitowing oWitaitons;
A. The designated area has been limited to a period or lime not to exceed calendar years* (see belo%). The dale this designation
expires is
B. The type of deduction that is allowed In the designated area is limited lo:
1. Redevelopment or rehabilitation of teal estate improvements 13 Yes 0 No
2. Residentially distressed areas ❑ Yes M No
C. The amount of the deduction applicable is limited to $
D. Other limitations or conditions (speclry�
E. The deduction is allowed for years* (see below).
F. Did the designating body adopt an alternative deduction schedule per le 6 -1.1- 12.1 -171 ❑ Yes D No
If yes, attach a copy of the alternative deduction schedule to this form.
We have also reviewed the Information contained In the statement of boneflis and find that the estimates and expectations are reasonable and have
determined that the tolelity of benefits Is suficlerit to Justify the deduction described above.
Approved (signature and Nile ore(rlhorized member ordesignasngbod)l Telephone number Date signed (month, day, year)
t )
Attested by ( signature and title ofetlester) Designated body
* If the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length, of time a taxpayer Is
entitled to receive a deduction to a number of years designated under IC 6-1.1- 12.14.
A. For residentially distressed areas, the deduction period may not exceed Ave (6) years.
B. For redevelopment and rehabilitation or real estate improvements:
1. If the Economic Revitalization Area was designated prior to July 1, 2000, the deduction period is limited to three (3), six (6), or ten (10) years.
2. If the Economic Revitalization Area was designated after June 30, 2000, and Is not in a residentially distressed area, the deduction period may not
exceed ten (10) years,
Page 2 of 2