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25-07 Designating Resolution - Real Property Tax Abatement for 445 North Sheridan Street
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25-07 Designating Resolution - Real Property Tax Abatement for 445 North Sheridan Street
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City of South Bend Instructions:Complete pages 1-3 5:93.-MEj, <br /> AND the proper Form SB-1 for 4x <br /> Petition for Incentives the type of abatement(real <br /> rracr. <br /> property or personal property) <br /> Petition must include a$250 filing fee payable to the <br /> for which you are applying. <br /> "City of South Bend"before processing can be complete <br /> General Information Project Name Project Number <br /> legal name as registered with <br /> Secretary of State GLC Sheridan, LLC & GTA Containers, LLC <br /> Business structure Indiana limited liability companies <br /> Company website www.greatlakescapital.com&www.gtacontainers.com <br /> Proposed Project Information <br /> Proposed project address 445 N. Sheridan Street Parent company name <br /> City,State,Zip South Bend, IN 46619 Legal owner GLC Sheridan, LLC <br /> Site acreage or acreage required 9.91 Is the real estate owned Owned <br /> or leased? <br /> Square feet of facility 112,500 If leased,b v whom? Lease to GTA Containers,LLC <br /> Primary Contact Information <br /> Primary company contact name Isaac Hall Title Development Associate <br /> Address of company contact 7410 Aspect Drive,Suite 100 Phone 574-213-1709 <br /> City,State,Zip Granger, IN 46530 Email ihall@greatlakescapital.com <br /> Senior Official Information <br /> Company senior official name Jeff Smoke Title Managing Director <br /> Address of company contact Phone <br /> (if different from above) 7410 Aspect Drive, Suite 100 574-251-4400 <br /> City,State,Zip Granger, IN 46530 Email <br /> g jsmoke@greatlakescapital.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Consultant release?(Y/N) <br /> Address Local economic development partners <br /> approval?[Y/N) <br /> City,State,Zip Email <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the GLC Sheridan, LLC proposes to develop an industrial building <br /> property is necessary for containingapproximately 112,500 square feet to (a) replace an obsolete <br /> economic growth pp Y t' <br /> building at 445 N. Sheridan, and (b) be leased to GTA Containers to <br /> expand its two building campus on Linden Avenue. Any benefits of <br /> abatement inure to GTA Containers and support its efforts to invest in <br /> new manufacturing capabilities and grow and retain its employment on <br /> site. This project will facilitate continued growth for GTA's Doors and <br /> Covers business with the addition of new paint lines. <br /> Certified Technology Park appropriate N/A <br /> Is the project In a Tax Incremental Financing <br /> (TIE)area?If so,which? N/A <br /> Have Building Permits been issued?(Y/N) Number of residential units created by <br /> [Note-Not eligible for abatement if Yes[ No project N/A <br /> If this is a petition for personal property tax abatement,has <br /> the equipment been installed? N/A <br /> Investment Details <br /> 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 <br /> (Off-site of project in dollars) received? Indiana for the protect? purchased from out of state for the project? <br /> 0 0 0 $2,375,000 <br />
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