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

Home Browse Search

Filed ill C:Ierk's Office �.:. STATEMENT OF BENEFITS f - FORM SB-1 /PP PERSONAL PROPERTY r ) State Form 51764(R4/11-16) SEP 2 G L0 I t Prescribed by the Department of Local Government Fine ce PRIVACY NOTICE I<IIi�EEN1AH FOWLER Any Information concorning the cost of the properly and specific salaries paid CITY CLERK,SOUTI iFND,iN to Individual employees by the property ND,.IN ovmer Is confidential per IC 6-1.1-12.1.5.1. INSTRUCTIONS y, 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 a person installs tire new manufacturing equipment and/or research and development equipment,and/or logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the installation of qualifying abatable equipment for which the person desires to claim a deduction. 3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule (Form 103-ERA)with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for the township. The 103-ERA must be filed between January 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or Information technology equipment is installed and fully functional,unless a filing extension has been obtained. A person who obtains a filing extension must file the form between January 1 and the extended due date of that year 4. Property owners whose Statement of Benefits was approved,must submit Form CF-1 1PP annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) 5. For a Form SB-1 1PP that is approved after June 30,2013,the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-l1PP that is approved prior to July 1,2013,the abatement schedule approved by the designating body remains in effect. (IC 6-1.1-12.1-17) SECTION TAXPAYER INFORMATION Name of taxpayer Name of contact person Tri-Pac, Inc. Vikram Shah Address of taxpayer(number end street,city,slate,and ZIP code) Telephone number 3333 N Kenmore St,South Bend,IN 46628 ( 269 ) 476-2303 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number(s) South Bend City Council Location of property County DLGF taxing district number 3333 N Kenmore St,South Bend,IN 46628 St Joseph 009/003 Description of manufacturing equipment and/or research and development equipment ESTIMATED and/or logistical distribution equipment and/or information technology equipment. START DATE COMPLETION DATE (Use additional sheets if necessary) Manufacturing equipment Manufacturing Equipment 11/15/2017 12/31/2019 R&D Equipment Loglst Dist Equipment IT Equipment Current number Salaries - Number retained Salaries Number addalonal Salaries 7 $495000 7 $495000 20 $748,800 MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT NOTE:Pursuant to IC 6-1.1-12.1-5.1 (d)(2)the EQUIPMENT EQUIPMENT COST of the property is confidential. COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED VALUE VALUE VALUE VALUE Current values I _ Plus estimated values of proposed project 1.500,0001 450,000 Less values of any property being replaced I — Net estimated values upon completion of project 450,000 Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits: SECTION • I hereby certify t at the representations In t atemenl are true. _ Signature f aulh ze representative �� Date signed(month,day,year) L'—L- _. September 21, 2017 Printed name of authorized representative Title Vikram Shah President _ Page 1 of 2