25-35 Designating Resolution - Real Property Tax Abatement for South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC

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TAX ABATEMENT REPORT Filed in Clerk's Office J U N 1 7 2025 TO: South Bend Common Council Bianca Tirado FROM: Mark Bemenderfer, Manager of Business Development City Clerk, South Bend, IN SUBJECT: Industrial Real Property Tax Abatement Petition for South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC DATE: June 17, 2025 On June 17, 2025, a petition for tax abatement from South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC was filed with the Office of the City Clerk. The petition seeks consideration for an industrial real property tax abatement for 29-acre property located at 701 W Chippewa Ave. 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 petitioners, South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC, seek to perform demolition and renovations to a 1.4 million square foot building that was formerly a Studebaker manufacturing facility. A significant portion of the facility (approximately 221,248 sq. ft.) consists of former aviation engine test cells that limit future development. • Once the cells are demolished, it will allow for modern development of this 221,000 square foot area and turn it into leasable space. • Planned improvements include adding additional loading dock positions, creating a truck court for tractor&trailer storage, and providing for truck circulation around the multi- tenanted property. Employment Impact Per this petition and supporting material, it is estimated that the company will create: • Upon completion of the current building's rehabilitation and conversion, at least fifty-five (55) new full-time jobs with an estimated total annual payroll of$1,944,800. • These jobs will be created through the leasing of space due to the project.