12-14-15 Agenda, Packet & Committee Meeting Notice

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1',Pt STATEMENT OF BENEFITS 20 15 PAY 20 16. ai:z' a ....;. aft Us VACANT BUILDING DEDUCTION State Form 55182(R/2-14) FORM SB-1 /VBD .y'-;—'✓ Prescribed by the Department of Local Government Finance n� PRIVACY NOTICE This statement is being completed for real property that qualifies as an"eligible vacant building"as defined by The cost and any specific individual's IC 6-1.1-12.1-1(17). salary information is confidential.the balance of the filing Is public record per IC 6-1.1-121.5.1(c)and(d). 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 occupation of the eligible vacant building for which the person wishes to claim a deduction. 2. To obtain a vacant building deduction,a Form 322/VBD must be filed with the county auditor before May 10 in the year in which the property owner or his tenant occupies the vacant building or not later than thirty(30)days after the assessment notice is mailed to the property owner If it was mailed after April 10. If the property owner misses the May 10 deadline in the initial year of occupation,he can apply between March 1 and May 10 of a subsequent year. 3, A property owner who files the Form 322/VBD must provide the county auditor and the designating body with a Form CF-1NBD to show compliance with the approved Form SB-1NBD. The Form CF-1NBD must also be updated each year in which the deduction is applicable. SECTION 1 TAXPAYER INFORMATION Name of taxpayer Appletree Associates LP Address of taxpayer(number and street,city,state,and ZIP code) 2180 Hornig Road Philadelphia, PA 19116 Name of contact person Telephone number E-mail address Greg Warshaw ( 215 ) 673-0400 greg.warshaw @peigenesis.com SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number City of South Bend Common Council Location of property County DIGF taxing district number 1915 Bendlx Drive South Bend IN 46628 I St.Joseph German,South Bend Description of eligible vacant building that the property owner or tenant will occupy(use additional sheets If necessary). Estimated occupancy date(month,day,year) 64,500 square foot facility including production,warehouse and office space on 4.45 acres adjacent 1/1/2016 to the South Bend Airport. This space has been vacant and for sale and/or lease since the prior Estimated date placed-in-use(month,day.year) tenant(PEI/Genesis, Inc.)moved to its new facility in 2007. SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS A RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries SECTION ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project SECTION 5 EFFORTS TO SELL OR LEASE VACANT BUILDING Described efforts by the owner or previous owner to sell,lease,or rent the building during period of vacancy: This building has been for sale and/or lease since 2007 through numerous brokers. It is currently listed with Newmark Grubb Cressy& Everett. Are Show amount for which the building was offered for sale,lease,or rent during period of vacancy. Current listing: Sale$1.5 million: Lease$1.95 PSF NNN. 1 1 1 List any other benefits resulting from the occupancy of the eligible vacant building. t rrr —9 0 Increased employment, revitalization of neighborhood ft " - 7 i i LI'r:‘.r CITY Cl ` I!it'...i. tN I SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authonzed, resent live' 11 Title Date signed 1non(1.d,a!y,y ar) r� �Vf. CFO ti 14 15 Page 1 of 2