Substitute 17-62 Designating Real Property Tax Abatement for Tri-Pac, Inc.

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City of South Bend Petition for Incentives Petition must Include a$250 filing fee payable to the City Clerk's Office or onllne via the City's website of 1965 http://southbendin.gov/government/content/tax-abotement before processing can be complete General Information Project Name I I Project Number 419410 Legal name as registered wlth Secretary of Tri-Pac, Inc. (Not registered in Indiana yet-MI based corporation) 5t e Business structure C Corporation Company website www.tri-pa c.us Propq.ed for Project Iltrnatl0n Proposed project address 3333 N Kenmore St Parent company name City,State,Zip South Bend, IN 46628 Legal owner Dafir Realty LLC Site acreage or acreage required 15 acres(5 acres for building) tsthereal estate owned or Owned Square feet of facility 55,600 If leased by whom Primary Contact Information , Primary company contact name Vikram Shah Title President Address of company contact 17336 M60 E Phone 269-476-2303 City,State,Zip Vandalia, MI 49095 Email vikram.shah @tri-pac.us Senior Official Information Company senior official name Title Address of company contact(If different from Phone above) City,State,Zip Email Consultant Information/Agent Hired business consultant/agentname RSM US LLP/Eric Levenhagen Consultant release(Y/N) Y Address 9225 Priority Way West Drive 4200 Local economic development partners Y City,State,ZIP Indianapolis, IN 46240 Email eric.levenhagen @rsmus.com Project Overview Brief descrlption of your Tri-Puc,Inc(TPI),which was founded as a Michigan Corporation in 2009,is a cerfried company,project,and why the minority-ovmed business for turnkey chemical contract manufacturing of aerosols and liquids Vikram property Is necessary for Shah is the Founder after working over 30 years at Accra Pac In Elkhart,Indiana.TPI currently has economic growth over 40 total staff in Michigan with 11 staff out of that total residing in Indiana.TPI clients include Fortune 500 clients,Department of Defense and other muldnallonal marketing companies TPI is ISO 9001,ISO 14001 certified,registered with FDA,EPA,ITAR and DOD and compliant with ISO 1 8001 and ISO 13405 Products produced include personal care.OTC,household,institutional products and others for mllitary/security organizations.TPI has 5 high speed manufaUudngl ! Filed in Cleric's Nfice filling lines currently housed in Vandalia.Michigan, 1 __ TPI ties added over 25MM capacity in 2017 and Is shiflino primary focus towards Pharmaceutical and O rC manufacturing,anew business area that Is quickly growing for TPI TPI is cunently I ^, t considering sites in Indiana,Michigan,Ohio and Illinois and is looking to move its primary stale { 5 EP 2 6 20 1 of incorporation(if not Michigan),headquarters and operations to Its new location TPI Is a fast , growing manufacturing company and Is poised to bring In ChamisUR&D/Manuracludng jobs and 1 technology through organic growth and acquisitions If the company purchases the 3333 N Kenmore building In South Bend,then there will be a need for over$2 million building upgrades and at KAREE:fAAI-t FOY'LER least 32 million new equipment to Indiana.The company needs HBI Tax CrediUSEF Training Qt Y CLERK,SOUTH END,IN suppon from Indiana along with Tax Abatement assistance from City of South Bend to move HC/Menufbe-h 9 to Indiana. Certified Technology Park appropriate No Is the project In a Tax Incremental Financing NO IF I area? f5o.which? Certify that the Building Permit has not been Y Number of residential units created by 0 fyINI i<� ,1 If this is a petition for personal propertytax abatement,has NO theequipment been Installed Investment Details Public Infrastructure needs(off Has any 504 funding been what Is the value of any equipment being purchased in What Is the value of any equipment being site of project In dollars) received? Indiana for the project? purchased from out of stale for the project? $0 No $00,000 $1,200,000