17-66 Designating Personal Property Tax Abatement for Tri-Pac, Inc.

Home Browse Search

City of South Bend Petition for Incentives s Petition must include a$250 f ling fee payable to the City Clerk's Office or online via the City's website at INbs http://southbendin.gov/government/content/tax-abatement before processing can be complete General Information Project Name Project Number 419410 Legal name as registered tvlthSecretaryof Tri-Pac, Inc. (Not registered in Indiana yet- MI based corporation) 51 c Business structure C Corporation Company website vvvdw.tri-pac.us Proposed Proj_ctsformatlon _. 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 Is the real estate owned or 15 acres(5 acres for building) Owned Square feet of fadilty 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 Emall vikram.shah @tri-pac.us Senior Official Information Company senior official name Title Address of company contact(If different from Phone 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#200 Lecal a economicdevroyal Y N l(Y/N)ntpartners Y City,state,ZIP Indianapolis, IN 46240 Email eric.levenhagen @rsmus.com Project Overview Brief description of your Tri-Pac,Inc(TPI),whldl was founded as a Michigan Corporation In 2009,is a certified _ company,project,and why the minority-owned 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 Mlchlgan with 11 staff oul of that to laI residing in Indiana.TPI clients include Fortune 600 clients,Department of Defense and other multinational marketing companies TPI s ISO 9001,ISO 14001 certified,registered with FDA.EPA,ITAR and DOD and compliant with ISO 18001 and ISO 13485 Products produced include personal care.OTC.household,Institutional products and others for military/security organizations.TPI has 5 high speed manufacWdng, Filed in Clof!<rS ffiC@ filling lines currently housed in Vandalia,Michigan. TPI has added over 25MM capacity In 2017 and Is shifting primary focus towards Phannareulical and o rC manufacturing,a new business area that Is quickly growing for TPI TPI is currently 1 SLI 2 6 20 7 considering riles in Indiana,Michigan,Ohio and Illinois and is looking to move its primary slate {Ii 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 ChomisVRBD/Manufacturing jobs and technology through organic growth and acquisitions If the company purchases the 3333 N Kenmore A p �n �1 FOWLER building in South Bend,then there will be a need for over$2 million building upgrades and at KAREL-MAI 1�FOY LER least 32 million new equipment to Indiana.The company needs HBI Tax CrediVSEF Training ! �?-y CLERK,S�V�f "�E�l�r�N support from Indiana along with Tax Abatement assistance from City of South Bend to move HO/ManulBC_fir to Indiana Certified Technology Park appropriate No Is the project in a Tax Incremental Financing NO IF I area? fro w I Certify that the Building Permit has not been Y", Number of residential units created by O d If thls Is a petitlon for personal property tax abatement,has the the equipment 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 equlpment being site of project In dollars) received? Indiana for the project? purchased from out of state for the project? $0 No $0,000 $1,200,000 i