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19-18 Molding Products Designating Personal Property Tax Abatement
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19-18 Molding Products Designating Personal Property Tax Abatement
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4/3/2019 2:07:35 PM
Creation date
4/3/2019 2:07:27 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/8/2019
Bill Number
19-18
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Filed in Clei;C'c� Office <br /> APR 01 2019 City of South Bend <br /> P tition for Incentives <br /> tnclude p$Z`+4filing fee payable to the City Clerk's Office or online via the City's website at <br /> C' .6 ttfi2Istetathbendia.gov/government/content/tax-abatement <br /> , <br /> hbehdln.pov/government/content/lox-abatement before processing can be complete <br /> General Information Project Name MP Expansion Phase I Project Number <br /> Legal name as registered with Secretary of <br /> State Molding Products LLC. <br /> Business structure <br /> Limited Liability Company <br /> Company website WWW.mol ding-products.com <br /> Proposed Project Information <br /> Proposed project address 1545 S.Olive Street Parent company name IP Corporation <br /> City,State,zip South Bend, IN 46619 Legal owner Jim Wallenfelsz <br /> Site acreage or acreage required 1 acre Is the real estate owned or Leased <br /> Square feet of facility 15,000 If leased by whom Northfolk&Southern <br /> Primary Contact Information <br /> Primary company contact name Troy Wade Title Vice President&General Manager <br /> Address of company contact 1545 S.Olive Street Phone 574-404-5512 <br /> City,State,Zip South Bend, IN 46619 Email twade@molding-products.com <br /> Senior Official Information <br /> Company senior official name Reagan Stephens Title Chief Operating Officer <br /> Address of company contact litdifferent from 1225 Willow Lake Blvd. Phone 651-481-6855 <br /> above? <br /> City,State,Zip St. Paul, MN 55110 Email rstephens@ipcorp.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name Consultant release(Y/N) <br /> Address Local economic development partners <br /> approval(Y/NJ <br /> City,State,Zip Email 11 <br /> Project Overview <br /> Brief description of your <br /> company,project,and why the Molding Products produces fiberglass reinforced composite <br /> property is necessary for intermediate that is molded by their customers into composite parts <br /> economic growth <br /> such as the Corvette outer body panels. The process requires various <br /> powders and liquid resins to be blended according to precise recipes. <br /> The current business is limited by capacity of the mixing system. This <br /> project will add additional mixing capacity and upgrade the storage <br /> vessels for raw materials. <br /> Certified Technology Park appropriate <br /> Is the project in a Tax Incremental Financing <br /> lilt I area?If so.which? <br /> Certify that the Building Permit has not been Number of residential units created by <br /> josued(Y/N) oroiect <br /> If this Is a petition for personal property tax abatement,has <br /> the equipment been installed <br /> Investment Details <br /> 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 <br /> site of project In dollars) received? Indiana for the project? purchased from out of state for the project? <br />
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