Confirming Tax Abatement - 3425 West Lathrop Drive - McCormick & Company

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M CITY OF SOUTH BEND PETITION FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION • The undersigned owner(s) of new manufacturing equipment, personal property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for personal property (new manufacturing equipment) tax abatement consideration and pursuant to I.C., 6-1.1-12.1, et sea•, and South Bend Municipal Code Section 2-84.2, et seQ•, for this petition states the following: 1. Describe the proposed project, including information about the new manufacturing equipment personal property ("equipment's to be installed, the amount of land to be used, if any, the proposed use of the equipment, and a general statement as to the value of the project to your business. The project will invest $14.9 million of capital and $2.3 million of one-time expenses to consolidate McCormick's manufacturing of U.S. condiment products into the South Bend facility. To accommodate the new production volume, all finished goods storage will be moved to a third party logistics firm, making room for the new ketchup process and packaging room. The current ketchup room will be renovated, and house jelly and salad dressing process and packaging lines. The large pouch filler area will be reconfigured to fit one additional filler. Increased numbers in the workforce (38) require employee amenities (locker rooms, lunch room, restrooms) areas and front offices to be reconstructed requiring a small expansion (2,300 sgft) on the front of the facility. External to the facility, a larger transformer will be installed, and additional parking for employees will be added. 2. The project will create 38 new, permanent jobs within the first year, representing a new annual payroll of $989,498_ and will maintain _90_ existing permanent full-time and _2_ existing part-time jobs representing an annual payroll of $4,555,600_. The projected annual salaries for each new position created are estimated to be as follows: see attached table: Item 2 3. Estimate the total cost of the Equipment: $13,989,120. 4. (a) The Equipment 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 McCormick & Company, Inc. 18 Loveton Circle Owner Sparks, MD 21152 •r.' •