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p4 SpUTH <br /> Filed in Clerk's Office <br /> V!'1 <br /> \PEACES'.._ l! O Q 2017 <br /> � a <br /> x x <br /> 1865 KAi ''WLER <br /> CITY CLr �AND, IN <br /> CITY OF SOUTH BEND--— �- <br /> COMMUNITY INVESTMENT <br /> August 7,2017 <br /> Council Member Gavin Ferlic, Chairperson <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor, County City Building <br /> South Bend, IN 46601 <br /> RE: Submission of Resolution Approving Waiver of Noncompliance for Personal <br /> Property Tax Abatement for Chase Plastic Services, Inc. <br /> Dear Council Member Ferlic, <br /> Attached please find a proposed form of resolution approving a waiver of <br /> noncompliance,pursuant to Indiana Code 6-1.1-12.1-11.3, for Chase Plastic Services, Inc. <br /> (the "Company"). The South Bend Common Council(the"Common Council")adopted its <br /> Confirming Resolution 4405-14 confirming the designation of a certain area in the City of <br /> South Bend, Indiana as an Economic Revitalization Area for the purposes of granting a <br /> five (5) year tax abatement for personal property in conjunction with the purchase and <br /> installation of new equipment at their new distribution center. The St. Joseph County <br /> Assessor's Office distributed a Notice of Assessment on January 1, 2016. The Company <br /> filed a Form CF-1/Real Property with the City of South Bend on or about March 11,2016, <br /> however, the Company inadvertently did not file the Form 103/ERA and required <br /> attachments with the Assessor's office. The Company subsequently received a Tax Bill in <br /> April 2017 providing that the spring installment of 2016 personal property taxes on the <br /> Parcel was due May 10, 2017. The Company timely remitted payment of$2,749.20 to the <br /> St.Joseph County Treasurer prior to the May 10, 2017 due date for Spring Taxes. <br /> The Company is requesting that the Common Council waive noncompliance with <br /> the filing deadline for the Form 103/ERA along with the Form 103/EL. <br /> The Department of Community Investment endorses and supports this waiver as <br /> The Company has met and/or exceeded their abatement milestones. The Company <br /> exceeded the capital expenditure cost stated in the original petition for tax abatement. The <br /> initial projection associated with the purchase of new equipment for the Company was <br /> $265,000 and the actual cost through December 31, 2016, was $738,568.00. The project <br /> has met the employment representation stated in the original petition for tax abatement <br /> from when the project began operating,until the present date. <br /> EXCELLENCE 1 ACCOUNTABILITY I INNOVATION I INCLUSION 1 EMPOWERMENT O 1� <br /> 1400S County-City Building 227W.Jefferson Bvld. South Bend,Indiana 46601 p574-235.9371 vwvw.southbendin.gov /"� <br />