HomeMy WebLinkAboutConfirming Tax Abatement - 4747 W. Cleveland Road - Tuliptree Associates, LLC/ PEI-Gensis, Inc.RESOLUTION
3612-06
Passed by the Common Council of the City of South Bend, Indiana
July 10, 06
20
Attest:
----~
City Clerk
• l~ ~~_ President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
July 11,
20 06
Approved and signed by me J u l y 11, Zp 0 6
City Clerk
RESOLUTION NO. ~ ~ ~ 2 ~~
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS 4747 WEST CLEVELAND ROAD AS AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A (8) EIGHT-YEAR
REAL PROPERTY TAX ABATEMENT FOR
TULIPTREE ASSOCIATES, LLC/PEI-GENESIS, INC.
WHEREAS, the Common Council of the City of South Bend, Indiana, has
adopted a Declaratory Resolution designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
4747 West Cleveland Road, South Bend, Indiana, and which is more particularly
described as follows:
Commencing from the East Quarter of said Section 20, said point being
approximately 68.62 feet South of the South right-of--way of Indiana
East/West Toll Road (300' total R/VV) thence North O1 °04' 10" West along
the East line of the Northeast Quarter of Section 20, 704.03 feet to the
point of beginning of this description; (note: The bearing for this
description was derived from the recorded documents from the Right-of-
Way undertaking); thence North 77°34'00" West, along the North right-
of-way of Cleveland Road 1346.24 feet; thence North 00°38'36" West,
629.12 feet to the South line of the Plat of Clarence A. Gregory's High
Meadows Estates Subdivision; thence North 89°37' 14" East along the
South line of the Plat of Clarence A. Gregory's High Meadows Estates
Subdivision and Hartman DeMaegt Subdivision, as recorded under Book
21, page H4 and Book 27, page H respectively; 1304.45 feet to the East
line of the Northeast Quarter of said Section 20; thence continuing along
the South boundary of Hartme DeMaegt Subdivision on a bearing of
North 89°37' 14" East, 80.5 feet to a point on a line West 80.5 feet of the
West Half of the Northwest Quarter of said Section 21; thence South
O 1 °04' 10" East, 946.09 feet to a point on the North line of Cleveland
Road; thence continuing along the said North line of Cleveland Road on a
bearing of North 77°34'00" West, 82.79 feet to the point of beginning.
and which has Key Number 25-1012-0199.37, as an Economic Revitalization Area; and
WHEREAS, notice of the adoption of a Declaaatory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5;
and
WHEREAS, the Council held a public hearing for the purposes of heazing all
remonstrance's and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for Real property tax abatement only and
is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted Real property tax deduction for a period of eight (8) years,
and further determines that the petition, the Memorandum of Agreement between the
Petitioner and the City of South Bend, and the Statement of Benefits comply with
Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code
6-1.1-12 et seq.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
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Member of th on Council
PRESENTEl7 ~
NOT APPRO~tED
ADOPTEQ ~ ~ -~'~ `~
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JUN 2 1 205
JO`iF3 ~'OG~1^uE
CIT`r CLERK, S0. BEND, IN.
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOLR.EVARD
SOUTH BEND, INDIANA 46601-1830
PxoNE574/235-9371
FAx 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
June 19, 2006 COMMUNITY ~ ECONOMIC DEVELOPMENT
SHARON T. KENDALL
EXECUTIVE DIRECTOR
Council Member Roland Kelly, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IlV 46601
RE: Commercial Real Property Tax Abatement Petition for:
Tuliptree Associates, LLC/PEI-Genesis, Inc.
Dear Council Member Kelly:
Please find attached the Department of Community & Economic Development's report on a
commercial real property tax abatement petition for the above referenced petitioner for expansion of
a facility located at 4747 West Cleveland Road. Also attached is a copy of the petition, Statement of
Benefits form, and supporting information.
The report contains the Department's findings relative to the above petition. The petitioner,
Tuliptree Associates, LLC/PEI-Genesis, Inc., proposes to purchase and develop a 20-acre site with
construction of a 142,400 square feet manufacturing facility. The total cost is estimated to be
$7,250,000. Tuliptree Associates, LLC/PEI-Genesis, Inc., is seeking an (8) eight-year real property
tax abatement and a representative of Tuliptree Associates, LLC/PEI-Genesis, Inc., will be available
to meet with the Committee on Monday, June 26, 2006. _
Should you or any of the other Council members have any questions concerning the report, or need
additional information, please feel free to call me at 235-5825.
Sincerely,
Sharon Terrell
Economic Development
Attachments
cc: South Bend Common Council Members
Mayor Stephen Luecke
Sharon Kendall
Don Inks
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COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL $C PROGRAM
PAMELA C. MEYER DONALD E. INKS IVIANAGEMENT
5741235-9660 574/235-9371 ELlzaeerH LEONARD
FAX: 574/235-9697 574/235-9371
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SOUTH BEND, INDIANA 46601-1830
PHONE 574(235-9371
FAX 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY ~ ECONOMIC DEVELOPMENT
SHARON T. KENDALL
EXECUTIVE DIRECTOR
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: SHARON TERRELL~~.
SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR:
Tuliptree Associates, LLClPEI-Genesis, Inc.
DATE: June 19, 2006
On June 8, 2006, a petition for real property tax abatement consideration for property located at 4747
West Cleveland Road was filed with the City Clerk by Tuliptree Associates, LLC/PEI-Genesis, Inc.
Pursuant to Chapter 2, Article 6, Section 2-77 of the Municipal Code of the City of South Bend, this
petition was referred to the Department of Community and Economic Development for purposes of
investigation and preparation of a report determining whether the area qualifies as an Economic
Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met.
The Department of Community and Economic Development has reviewed the petition (a copy of
which is attached), investigated the area and makes the following report.
PROJECT SUMMARY
Tuliptree Associates, LLC/PEI-Genesis, Inc., core business is the manufacture, assembly, and
distribution of electronic components, primarily electronic connectors. The company also
designs and manufactures electronic systems, cable assemblies, and specialized connectors and
components.
The addition will allow PEI-Genesis to consolidate its North American manufacturing opera-
tions. The estimated cost of the addition is $7,250,000. As a result of the expansion, the
company will increase its full-time workforce by (12) twelve people.
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235-9660 574/235-9371 ELiuserx LEONARD
FAX: 574/235-9697 574/235-9371.
South Bend Common Council
RE: Tax Abatement for Tuliptree Associates, LLC/PEI-Genesis, Inc.
June 19, 2006
Page 2
EMPLOYMENT IMPACT
Per the petition, it is estimated that the total project will create five (12) new, permanent, full-time
jobs within the first year representing a new annual payroll of $340,000. The project will also
maintain 140 existing permanent full-time jobs and (4) four existing, permanent part-time jobs
representing an annual payroll of $3,700,000.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted, finds that the petitioner has been granted
or associated with one previous tax abatement:
Term/Type Resolution No. Date
6-year real property 3083-02 4/22/02
2. The building commissioner has reviewed the petition and finds the property to be properly
zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property is
located in the Airport Economic Development Area, which is a Tax Incremental Allocation
Area; therefore, the petition for real property tax abatement must first be approved by the
South Bend Redevelopment Commission.
4. A review of the Tax Abatement Ordinance (no. 9394-03) finds that the petitioner does meet
the qualifications for an (8) eight-year real property tax abatement under Section 2-82
(Industrial Development City-Wide).
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Tax Abatement Schedule prepared for: 2o-Jun-os
TULIPTREE ASSOCIATES, LLC/PEI-GENESIS, INC.
South Bend German Township 8 Year Real Property Abatement Schedule'
Total estimated Project Cost: $7,250,000
Base Assessed Value: $6,162,500
(base assessed value is estimated at 85% of project cost)
Assume constant tax rate of: 4.8740%
Assume constant SRTC of: 21.6527%
Assessed Gross Less Net Percent Tax Tax
Year Value Tax SRTC Tax Abated Abated Paid
1 $6,162,500 $300,360 $65,036 $235,324 100% $235,324 $0
2 6,162,500 300,360 65,036 235,324 88% 207,085 28,239
3 6,162,500 300,360 65,036 235,324 75% 176,493 58,831
4 6,162,500 300,360 65,036 235,324 63% 148,254 87,070
5 6,162,500 300,360 65,036 235,324 50% 117,662 117,662
6 6,162,500 300,360 65,036 235,324 38% 89,423 145,901
7 6,162,500 300,360 65,036 235,324 25% 58,831 176,493
8 6,162,500 300,360 65,036 235,324 13% 30,592 204,732
$1,882,592 $1,063,664 $818,928
Total Taxes Due During Abate ment: $1,882,592
Total Taxes Abated During Abatement: 1,063,664
Total Taxes Paid During Abatement: 818,928
-This schedule is for estimation purposes only and assumes constant tax rates.
The true tax values will ultimately be determined by the actual
assessed valuation and the then current tax rates.
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TULIPTREE ASSOCIATES, LLC/PEI-GENESIS, INC.
Public Benefit Points Summary"
Qualify Earned Available
Public Benefit Item: Y or N Points Points
Proiect Related:
1. A. Redevelop a Site that has Special Needs N 0 49
B. Develop Based on Local University Research N 0 35
C. Achieve a Physical Element of a Plan N 0 36
Sub-total Project Related: 0 120
2. Super Size Proiects (point values are cumulative):
A. 100% to 199% (choose only one) Y 25 25
B. 200% to 299% Y 68 68
C. 300% to 399% Y 65 65
D. 400% and Over Y 52 52
Sub-total Super Size Projects: 210 210
3. Construction Related:
A. Employ Local Companies Y 20 20
B. Purchase Materials from Local Companies Y 20 20
C. Require Employees vs. Independent Contracts Y 19 19
D. Require Target Wage Levels N 0 22
E. Require Health Benefits Y 22 22
F. Require Pension Benefits Y 18 18
G. Maintain Affirmative Action Plan Y 20 20
Sub-total Construction Related: 119 141
4. Wage & Benefit Related:
A. Pay Target Wage Levels Y 33 33
B. Provide Health Benefits Y 34 34
C. Provide Pension Benefits Y 29 29
D. Provide Training Y 28 28
E. Provide Child Care N 0 15
F. Provide Transportation Assistance N 0 14
G. Provide Employer Assisted Housing program N 0 9
Sub-total Wage & Benefit Related: 124 162
5. Workforce Related:
A. Create New Jobs Y 42 42
~~
~ B. Retain Existing Jobs Y 41 41
C. Maintain Affirmative Action Plan Y 35 35
°°" D. Provide Targeted Hiring Preference N 0 34
~ Q w ~ Sub-total Workforce Related: 118 152
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lJ O o «° 6. Pav for Municipal Infrastructure: (not cumulative, choose only one)
~ N s ~ A. Pay for Oversizing or Upgrading N 0 14
== w B. Pay for 26-50% of Extension Cost N 0 26
.".~° ~ ~ ~ C. Pay for 51-75% of Extension Cost N 0 39
--• , ~ ~ D. Pay for 76-100% of Extension Cost N 0 52
v
' Sub-total Infrastructure Related: 0 52
7. Support a Municipal Facility:
_ A. Support a Municipal Facility N 0 84
Total Public Benefit Poi nts: 571 921
' Qualification for each Public Benefit Item based on best available information at time of application or
good faith determination if no information available.
~,
TULIPTREE ASSOCIATES, LLC/PEI-GENESIS, INC.
Additional Years of Abatement
Mulitfamily Development Proiects:
From To Additional Years
0 141 0
142 183 1
184 225 2
226 267 3
268 309 4
310 351 5
352 393 6
394 & over 7
Other Development Proiects:
From To Additional Years
0 300 0
301 357 1
358 414 2
415 471 3
472 528 4
529 585 5
586 642 6
643 921 7
Subtotal from Points Summary: 571
Base Years of Abatement 3
Additional Years of Abatement: 5
Total Years of Abatement: 8
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CITY OF SOUTH BEND
PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of real property, located within the City of South Bend, hereby
petition the Common Council of the City of South Bend for real property tax abatement
consideration and pursuant to I.C., 6-1.1-12.1-1, et sea., and South Bend Municipal Code
Sec. 2-76 et seg•' for this petition states the following:
1. Describe the proposed redevelopment or rehabilitation project, including information
about physical improvements to be made, the proposed use of the improvements, and a
general statement as to the importance of the project to your business:
Tuliptree Associates, LLC ("Tuliptree") is in the process of acquiring undeveloped
land in South Bend to build a new manufacturin fg acility. The initial facili will be
approximately 142,400 sf; however; the site will support a facility in excess of
350,000 sf and the buildin ig s bein designed to accommodate phased ex ansion.
The facility will be leased to PEI/Genesis, Inc. ("PEI"). Tuliptree and PEI have
common ownership. This property will be Tuliptree's only investment. PEI will use
the facility as its main world-wide production facility. PEI will consolidate its North
American manufacturing operations in this facility retaining 140 full time jobs (total
annual payroll of $3.7 million) in South Bend and generating 12 new jobs in the first
year of production. Over 80% of PEI's revenue will be generated from this facility
and the facility will employ more than 40% of PEI's total employees. Products will
be made and shipped to a1150 states and over 50 countries. The success of this
project is critical to PEI's future growth and prosperity.
Land Size 20
acres; Building Size 142,400 sq.ft.
2. Describe the overall nature of the business and of the operations occurring at the
Property (attach additional sheet if more space is needed):
PEI `s core business is the manufacture, assembly and distribution of electronic
components, primarily electronic connectors. The Company also designs and
manufactures electronic systems, cable assemblies and specialized connectors and
components. All phases of the production process are housed in the facility
including: receiving, inspection, inventory management, warehousing=quality,
production, testing and shipping. PEI currently_produces and ships over 5 million
(Rev 8/11/03)
connectors a year from its existing facility.
3. Estimate the dollar value of the project (excluding land): $ $7,250,000.00
4. The current assessed valuation of the real property before rehabilitation, redevelopment,
economic revitalization, or improvement: $ 11,400.00
5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned
or to be owned by the following individuals or corporations (if the business organization
is publicly held, indicate also the name of the corporate parent, if any, and the name under
which the corporation has filed with the Securities and Exchange Commission):
NAME ADDRESS INTEREST (%)
Tuliptree Associates, LLC 2180 Hornig Road 100%
Philadelphia, PA 19116
(b) The following other person(s) lease, intend to lease, or have an option to buy the Property
(include corporate information as required in 5(a) above, if applicable);
NAME ADDRESS INIERIST(%)
PEI/Genesis, Inc. 2180 Hornig Road 100%
Philadelphia, PA 19116
6. The commonly known address of the Property is:
4747 West Cleveland Road, South Bend
7. The Key Number(s) of said property is:
25-1012-019937
8. A legal description of the above address is attached hereto, marked Exhibit A, and
incorporated herein.
(Rev 8/11/03) 2
9. A map and/or plat describing the Property is attached hereto, marked Exhibit B, and
incorporated herein.
10. Photographs of the property, taken within two (2) weeks of filing of this petition, are
attached hereto, marked Exhibit C, and incorporated herein.
In addition to photographs of the property, conceptual drawings of the new facility
have been included.
11. The redevelopment or rehabilitation project itself will create 12 full-time permanent
jobs within the first year, representing a new annual payroll of $340,000
and will maintain 140 existing permanent full-time and 4 existing permanent part-time
jobs including existing permanent full-time minority employment of 39 and existing
permanent part-time minority employment of 1 with an annual payroll of
$3,700,000. As our business continues to grow, we would anticipate adding additional
jobs in future years.
12. The projected annual salaries for each new position indicated above are estimated to be
as follows (If more space is needed, please attach a separate sheet):
8 x Production Worker $20,100
2 x Engineer $57,500
2 x Supervisor $32,500
13. Provide current employment wage information including; base rate, cost-of-living
allowances, hazardous-duty pay, incentive pay including commissions and production
bonuses, on-call pay and tips. Do Not Include; back pay, jury duty pay, overtime pay,
severance pay, shift differentials, non-production bonuses, and tuition reimbursements
(average hourly rate or range):
Full-Time Part-Time
Laborers $ 10.75 $ 8.00
Technical $ 28.94 $
Managerial $ 22.40 $
Administrative $ 11.94 $ 8.00
14. Indicate whether your company provides the following benefits (use Y/N):
(Rev 8/11/03)
Y Health Care Benefits
_Y_Pension Plan
Y_Employer Provided Training (recognized or certified training/educational
courses or programs)
N_Day Care (provide or contribute to the cost of child day care for its employees)
N Transportation Assistance (provide direct or indirect support and assistance to
its employees without private transportation to get back and forth from
residence to place of employment)
N Employer-Assisted Housing Program (provide anemployer-assisted home
ownership program)
N Targeted Hiring Preference (provide hiring preference for residents of
Census Tracts designated by the Community & Economic Development
Dept. that have the highest unemployment or the highest percentage of low
and moderate income individuals).
(Additional information maybe requested for verification of the above items)
15. List the real and personal property taxes paid at the location during the previous five
years, whether paid by the current owner or a previous owner:
Year Real Property Taxes
2005 $519.34
2004 $519.69
2003 $485.74
2002 $341.66
2001 _ $339.44
Personal Property Taxes
$0
$0
$0
$0
$0
(this information maybe obtained from the St. Joseph County Treasurers office 235-9531)
16. Please list the number of full-time and part-time minority employees for each of the
last three years:
Year 2005
Full Part
Black 18 1
Hispanic 13 0
Asian 6 0
Indian 0 0
Other 2 0
2004 2003
Full Part Full Part
20 1 18 0
7 0 7 0
3 0 1 0
0 0 0 0
0 0 0 0
(Rev 8/11/03) 4
17. Does your business maintain an affirmative action plan or other similar plan in order
to achieve racial diversity? If yes, please briefly indicate specific goals, objectives,
and means as designated by your plan:
Yes we have an Affirmative Action Plan. The specific goals are as follows:
1. Achievement of genuine equal employment
2. To employ and retain a diverse workforce of the best-qualified individuals.
3. Provide equal access to all available jobs, training, and promotional
opportunities
4. Provide similar benefits and services to everyone
5. Apply all policies and practices consistently to applicants and staff
6. Do not differentiate among applicants or employees on the basis of race,
color, national origin, religion, sex, physical or mental disability, medical
condition, ancestry, marital status, or age.
18. Indicate whether or not your project meets any of the following criteria (contact
Community & Economic Development Dept. 235-9335 for information on this section):
N Conversion to residential use of a commercial Eligible Building as designated by
the Community & Economic Development Dept.
N Rehabilitation of a building that is either designated as a National Register or
local landmark or is eligible for nomination as one, located in a National
Register or local landmark district, or rated as Outstanding or Significant in the
most recent Historic Preservation Commission county wide survey.
N Rehabilitation and reuse of a property that is designated a Problem Property by
the Community and Economic Development Department
N Pays for the cost of cleaning up a Brownfield, which is any site, building
facility or complex that has been designated a Brownfield by the Community
and Economic Development Department.
N Achieves a physical element identified in a development or revitalization plan
that has been approved by the Council
19. Is your business based upon licensing intellectual property from research conducted at a
public or private university, college, or community college located within St. Joseph
County, Indiana? If yes, please include a description of the research based aspects of the
business (attach additional sheet if more space is needed):
No.
(Rev 8/11/03)
20. Does your business financially support a Municipal Facility (i.e. municipally owned
park, recreation center, cultural, arts, or entertainment facility)?
No.
21. Is your company incurring any of the cost of extension or oversizing of municipal
infrastructure serving the project site? This includes water, sewer, drainage facilities,
wastewater treatment facilities, road and street improvements, street lighting, traffic
control and related public improvements (attach additional sheet if more space is
needed):
No.
22. Information is required on the companies through which construction materials will be
purchased for the project. (Please complete the table on page 8 of this application).
Final bids have not vet been awarded for this project; however, the design build firm of
Panzica Building Corp. ("PBC") located in South Bend is overseeing the project and
will seek to use qualified firms from the local area. As a point of reference, the
attachment shows the list of construction companies used by PBC when they desig ed
and built an extension to the,property at 1915 N. Bendix Drive, described in Item 28
below. We would expect the final roster of contractors to look similar for this project.
PBC will seek to employ local companies for at least 75% of construction work, and will
seek to purchase 75% of materials locally. PBC will em l~oy only established
subcontractors ands ep cialty construction companies and not individual employees. PBC
will also seek out contractors who pay fair wages, that contribute towards employee
health insurance and retirement plans, and are committed to racial diversity.
23. Information is required on the construction companies that will be utilized for
construction of the project. (Please complete the table on page 9 of this application).
Final bids have not vet been awarded for this project; however the design build firm of
Panzica Building Corp. located in South Bend is overseeing_the project and will seek to
use qualified firms from the local area. As a point of reference the attachment shows
(Rev 8/11/03) 6
the list of construction companies used by PBC when the~gned and built an
extension to the property at 1915 N. Bendix Drive, described in Item 28 below. We
would expect the final roster of contractors to look similar for this project'
PBC will seek to employ local companies for at least 75% of construction work, and
will seek to purchase 75% of materials locally. PBC will employ established
subcontractors and specialty construction companies and not individual employees. PBC
will also seek out contractors who pay fair wages, that contribute towards employee
health insurance and retirement plans, and are committed to racial diversity.
24. No building permit has been issued for construction on the property in connection with
the improvement in question as of the date of filing of this petition. (The Property
Owners signature at the end of this application is verification of this statement).
25. The Standard Industrial Classification (SIC) or North American Industry Classification
Systems (NAILS) major group within which the proposed project would be classified,
by number and description:
334417 Electronic Connector Manufacturer
26. The Internal Revenue Service Code of Principal Business Activity by which the
proposed project would be classified, by number and description:
334000 Computer and Electronic Product Manufacturing
27. The current use of the Property is undeveloped land and the current zoning is light
industrial (use) and N/A (height and area).
(This information maybe obtained from the Building Department 235-9554).
28. Has your business been granted previous tax abatement(s)? If yes, please provide type
(real and/or personal property) and date of approval.
PEI-Genesis, Inc. and Appletree Associates (PEI's landlord at its existin fg_ acilit~at
1915 N. Bendix Drive, South Bend were granted a six year real property tax
abatement (Resolution #3083-02) on Apri122, 2002 in conjunction with a 20 246 sf
expansion of the facility. PEI and Appletree Associates have common ownership.
(Rev 8/11/03) ']
29. Other anticipated public financing for the project including, if any, industrial revenue-
bonding to be sought or already authorized, assistance through the United States
Department of Housing and Urban Development funds from the City of South Bend,
Small Business Association Sections 503 and 504 fmancing through the Business
Development Corporation of South Bend, Mishawaka, and St. Joseph County, Indiana,
Industrial Revolving Fund, Neighborhood Business Development Corporation,
Corporation for Entrepreneurial Development; or other public financial assistance,
including but not limited to public works improvements.
Based on recent tax law changes it is likely that PEI/Tuliptree will be seeking to
finance a portion of the project using Industrial Development Bonds. The Cit~f
South Bend and the Indiana Economic Development Corporation will be providing
public infrastructure including~ublic road infrastructure and the extension of steel
conduit from the current St. Joseph Valley Metronet location to the new facility.
30. The following person(s) should be contacted as Petitioner's agent regarding additional
information and public hearing notifications:
Name: Jeff Johnson
Address: May Oberfell Lorber
4100 Edison Lakes Parkway, Suite 100
City, State, Zip: Mishawaka, IN 46545
Telephone: 574.243.4100
31. Please indicate the name, address, and telephone number of the person who will work
with Employment Training Services (ETS) for employee recruitment, and sign the ETS
form attached to the petition if the real tax abatement is for warehouse or industrial
developments.
Name: Gregory Warshaw
Address: PEI-Genesis, Inc.
2180 Horni Road
City, State, Zip: Philadelphia, PA 19096
Telephone: 215.673.0400
(Rev 8/11/03)
. ~,.
WHEREFORE, Petitioner requests that the Common Council of the City of South Bend,
Indiana, adopt a declaratory resolution designating the area described herein to be an
economic revitalization area for purposes of tangible real property tax abatement
consideration, and after publication of notice and public hearing, determine qualifications for
an economic revitalization area have been met, and confirm such resolution. Petitioner
herein hereby verifies that the required $250.00 filing fee to cover processing and
administrative costs pursuant to Section 2-84.7 of the Municipal Code of the City of South
Bend has been paid in full.
Name of Property Owner(s):
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Current Property Owner of Record
(Rev 8/11/03)
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(Typed or printed name and capacity of signor if
signed by an agent or representative of the owner.)
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EXltIBIT "A"
A tract of land situated in the Ila6t half of t}1e ttortheant QLtarter of
Faction 20, and a part of the west Half of the Northwest Quarter of section
21, both its Township 39 North, Range 2 Kaat of the second Principal
Meridian, Ctern+an, Township, St. Joseph County, Indiana, explicitly defined
as follows:
Commencing from the Bast Quarter of said Section 20, said point being
• approximately 68.82 feet South of the South right-of-way of Indiana
8aet/nest Toli Raad {300' fatal R/W) thence North of°04'10" West along the
Sagt line of the 8ortheast Quarter of Section 20, 704.03 feet to the point
• of beginning of L-hia description; {!tote: The bearing for this description
was derived from the recorded documents from the Right-of-Way undertaking};
• thence North 77°34'00" West, Slang the North right-of-way of Cleveland Raod
1346.24 feet; thence !torch 00 38'36" west, 624.12 feet to the South line of
~ the Plat of Clarence A. Cregery's High Meadows Eatatea Subdivision; thence
North 89°37'24^ East slang the South line of the Piat of Clarence A.
Gregory's High Meadows Estates Subdivision and Hartman tkPSaegt Subdivision,
as recorded under Book 21, page H4 and Book 27, page H respectively,
1304.45 feet to the East line of tha HOrtheast Quarter of said Section 20r
thence continuing along ~he South boundary of xartman DeMaegt Subdivision
an a bearing of Horth 89 3714" East, 80.5 feet to a poont on a line West
80.5 feet of thg West Half of tha 2tarthweet Quarter of said Section 21;
thence South 01 04'10" East, 946.09 feet to a point on the North line of
Cleveland Roadt thence continuing along the safd North line of Cleveland
Road on a bearing of North 77034'00• west, 82.79 feet to the point of
begisvaiug .
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1 Cf~ CLERK, ~0•