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Filed in Clerk's OffiCe <br /> APR 0 3 2019 <br /> KAR <br /> FCIti/1�H Ft}'vVLER <br /> '`1t, CITYCLF lK SOUT62;9 END,IN <br /> CITY OF SOUTH BEND <br /> CO AMU \ ITY INVEST1IE\T <br /> Council Member Gavin Ferlic, Chairperson April 3, 2019 <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor, County City Building <br /> South Bend, IN 46601 <br /> RE: Personal Property Tax Abatement Petition for: Chase Plastics Services, Inc. <br /> Dear Council Member Ferlic: <br /> Please find attached the Department of Community Investment's report on a personal property tax <br /> abatement petition for the above-referenced petitioner. Also attached is a copy of the petition,Statement of <br /> Benefits form, and supporting information. The project calls for the acquisition and installation of new <br /> equipment as part of the company's planned increase in productive capacity at their distribution center at <br /> 5245 Dylan Drive, South Bend. <br /> The report contains the Department's findings relative to the above petition. Chase Plastics will be <br /> purchasing and installing new equipment.The total project cost for the equipment is estimated at$823,000. <br /> The project meets the qualifications for a(5)five-year personal property tax abatement and a representative <br /> from Chase Plastics Services will be available to meet with the Committee on Monday,April 8th, 2019. <br /> Should you or any of the other Council members have any questions concerning the report, or need <br /> additional information,please feel free to call me at 235-95823. <br /> Sin •rely, <br /> 1. � <br /> Daniel :ucke eyer <br /> Director Economic Resources&Business Development <br /> DANIELJ.BUCKENMEYER ALKEYN.A ALDRIDGE PAMELA MEYER TIM CORCORAN <br /> BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov <br />