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Council approves SB-1 compliance resolutions; one late filing found compliant
Summary
The Council approved resolutions confirming compliance with Statement of Benefits (CF‑1) forms for 2026 pay 2027; Rachel Black said OMD Holdings/Silverado filed late but met compliance based on real property investment.
Rachel Black of Allen County Economic Development presented a resolution confirming compliance with Statement of Benefits (CF-1) forms for companies seeking property tax deductions for 2026 pay 2027. She said compliance is measured against the county policy that requires creating or retaining at least 75% of jobs or salaries, or demonstrating substantial compliance through investment.
"As required under state law, all companies with existing approved designations that file for a deduction are required to file compliance with statement of benefits forms," Black said. The Council approved resolution 2026-06101 by voice vote. Black also described a second case—OMD Holdings LLC/Silverado Properties—that submitted CF-1s late (May 29) but, upon review, was found compliant based on real property investment; she outlined options including requiring the company to seek a waiver and appear in July.
