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HomeMy WebLinkAbout4779-19 CBK Land Development Confirming Real Property Tax Abatement RESOLUTION No. 4779-19 Passed by the Common Council of the City of South Bend, Indiana May 13, 20_ 19. Attest: CityClerk Kareemah N. Fowler Attest' President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana May 13, 19 20 City Clerk Kareemah N. Fowler Approved and signed by me gatAl 15 201 . _actie:0 United States of America ***I,... f4 "hetc:-.41s4k Nif l Certificate STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: I, Kareemah Fowler, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby certify that the attached and foregoing is a full, true, and correct copy of RESOLUTION 4779-19 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5245 DYLAN DRIVE, SOUTH BEND, IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR CBK LAND DEVELOPMENT, LLC ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, MAY 13, 2019. PRESENTED TO, APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG, MAY 15, 2019. ATTEST: TIM SCOTT, PRESIDENT OF THE COMMON COUNCIL ATTEST: KAREEMAH N. FOWLER, CITY CLERK T1 .,.`.. _ MAY 1 /2019 Si JOSEPH COO ury MAY 1 7 2019 ASSESSOR AUDITOR. I STT C d __ U , the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph County, Indiana. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of the City of South Bend, St. Joseph County, Indiana, this 14 day of 20 1 61 Kareemah Fowler Clerk of the City of South Bend St. Joseph County, Indiana / BY. ��"._ ... 'e, -erdrDeputy BILL NO. 19-25 RESOLUTION NO. 4779-19 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5245 Dylan Drive, South Bend, IN 46628 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR CBK Land Development, LLC 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 5245 Dylan Drive, South Bend, Indiana, and which is more particularly described as follows: Lot 2 Portage Prairie Minor #5 16/17 NP#1787 03-19-2015 15/16 NP#1338 03-07-2014 and which has Key Numbers 025-1010-0169 to be designated as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory 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 hearing all remonstrances 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 three (3)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 up to a period of seven (7) years as shown by the schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17 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. Year 1 - 100% Year 2 - 95% Year 3 - 95% Year 4 - 90% Year 5 - 85% Year 6 - 80% Year 7—75% 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. Tim Scott, Council President South Bend Common Council 511312-011 5/13/ 2o11 Filed in Clerk's Office (--7-114S >�PR 3 2019 Z) K`�A1 REf..fv A/H1I-OVV3 ER p is,...,....7, Ce, 1 i_VtvEilr\,_____ -1. 1 , tN CITY OF SOUTH BEND D COMMU \ ITY INVESTMENT Council Member Gavin Ferlic, Chairperson April 3,2019 Community Investment Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Real Property Tax Abatement Petition for: CBK Land Development,LLC Dear Council Member Ferlic: Please find attached the Department of Community Investment's report on a real property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The project calls for extension of a distribution center as part of the company's planned increase in productive capacity at 5245 Dylan Drive,South Bend. The project cost is approximately$3,500,000. The report contains the Department's findings relative to the above petition. The project meets the qualifications for a (7) seven-year real property tax abatement and a representative from CBK Land Development, LLC will be available to meet with the Committee on Monday, April 8,2019. 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 235-5823. Sincerely, Daniel uckenmeyer Director Economic Resources &Business Development DANIEL j.BUCKF.NMEYER AIxEYNA ALDRIDGE PAMEI.A MEYER TIM CORCORAN BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 14005 County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov TAX ABATEMENT REPORT TO: South Bend Common Council FROM: Angelina Billo SUBJECT: Real Property Tax Abatement Petition For: CBK Land Development LLC DATE: April 1, 2019 On March 25,2019, a petition for real property tax abatement consideration for property located at 5245 Dylan Drive,South Bend,IN was filed with the City Clerk by CBK Land Development,LLC. Pursuant to Chapter 2,Article 6,Section 2-84.2 of the Municipal Code of the City of South Bend,this petition was referred to the Department of Community Investment 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 Investment has reviewed the petition,investigated the area,and makes the following report. PROJECT SUMMARY • Chase Plastics, a leading North American full-service specialty engineering thermoplastics distributor serving plastic processors throughout North and Central America,is planning to expand its current 126,000 sq.ft. distribution center by an additional estimated 80,000 sq.ft. Business conditions have put operations at near capacity causing the need to expand and maximize the use of the previously purchased land.With this expansion,the company will add additional truck dock doors and increase its overall storage capacity by 65%. • The estimated project cost is $3.5millon. • Petitioner is qualified for a seven-year real property tax abatement. • The estimated amount of taxes phased-in for the seven-year abatement is $469,961. Estimated paid taxes paid for the seven-year term are $118,039. Chase Plastics is the only tenant leasing from the ownership entity of CBK Land Development,LLC. The ownership of these two entities are closely related.The company moved into the newly constructed facility in Ameriplex 80/90 area back in 2015.This location is exceptional for a distribution operation. Due to its proximity to the intersection of the Interstate 80/90 and US Highway 31, it allows Chase Plastics to transport goods in all directions in a very efficient manner. EMPLOYMENT IMPACT Per this petition,the company will have nineteen(19)full-time jobs with an annual payroll of$775,384 by the end of 2019.It is estimated that in ten years the business will create twelve(12)new,permanent full- time positions and zero (0)part-time positions with an annual payroll of$475,280. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the Petitioner, CBK Land Development,LLC has been granted or associated with one previous tax abatement. Term/Type Resolution No. Date 10-year real property 4406-14 11/12/2014 2. The Area Plan Commission has reviewed the petition and fords the property to be properly zoned for the proposed project. 3. The Building Commission has reviewed the petition and finds no building permit was issued. 4. The property is located in the River West Development area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a(7) seven-year real property tax abatement under section 2-75 Real Property Tax Abatement General Standards. e r o o p0p o e non 0 0 0 N 888 0 00)) CO COe0 0 } 090 N O C) m c0 mrr N 00 In e eO 0060 a 000 0 0 0 o k 000 (0 0 0 cow O )f1 0 0 r O Q 0 N N N CD In CN0) 0 N N e o O O O a N 0 0 0 0 0 m W 000 0 0 0) - — 0 0 41 O W N N N N W m tq.r N N N e d' O O O O oN 0 N 00. 0) m 000 CD COLO 0) r 0 00 } O Nm N ,- d' m W WON en NN •N z p_ x�e C) N uY - OOOO b r0� OO O �) WPI O rr)ONON- CO r N O 0 Z M rr)n r,�a0 to .., t 0 y o o Cb en n o o d NI el r,-u)m 0 2 v } 000 vr--.,:-4,J0C m N U Nv co a e 0000 a rro ono 8i 0I')C)Ce000 P.‘,L )!) o 00 e0 r N- O O 000 V 00),- 0 C t k 0, 2 O00 e0 m F) 0 0 ~A 000c.,05.-11—. 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City,State,Zip South Bend, IN 46628 Legal owner CBK Land Development Site acreage or acreage required 9.55 Acres Is the real estate owned or Owned Lessen Square feet of facility 78,880 sq. ft. addition if lensed by whom N/A Primary Contact Information Primary company contact name Robert Hoff 7111° Business Process Manager Address of company contact 6467 Waldon Center Dr. P1ione 248-620-8302 City,State,Zip Clarkston, MI 48346 `Ted bhoff@chaseplastics.com Senior Official Information Company senlorofncial name Kevin Chase '"`e President address of campanycenmd(if different"nom Same as Above Phone 248-620-2120 Atom/ City, State, Zip _Same asAbove rm"1 kchase@chasepiastics.com Consultant Information/Agan Hued business consultant/agent noose Majority Builders,Inc.-Rick Slagle Consuitantreleasttvmi Yes Address 62900 U.S. 31 South Local economic development partners Yes approval(y,N City,state,Zip South Bend, IN 46614 Email rick@majoritybuilders.com Project Overview Brief description of your company,project,and why the Chase Plastics is a leading North American full-service specialty engineering thermoplastic distributor Pr°parry is necessary for serving plastics processors throughout North and Central America.This application is submitted due to economic growth Chase Plastics'desire to expand its current 126.000 sq.ft.distribution center by an additional estimated 90,000 sq.ft. After erecting our existing building in 2015,business conditions have put our operation at near capacity causing the need to expand and maximize the use of the previously purchased land.With this expansion, we will add additional Hueck dock doers and increase our overall volume by 65%. CHASE PLASTIC SERVICES,INC.WiLL CONTINUE TO BE THE TENANT OF THE BUILDING LEASING FROM THE BUILDING OWNER CBK LAND DEVELOPMENT LLC.THE OWNERSHIP OF THESE TWO ENTITIES ARE CLOSELY HEI D. Certified Technology Park appropriate Is the project In a Tax Incremental Financing JTIF I area?Ilse.which? Certify that the Building-Permit has apt been Number of nesrdrntiet units treat Issued NMI or0IC If this to a petition for personal property tax abatement,has the equipment been Installed Investment Details Public Infrastructure needs(Off. Has any 504 funding been What is else value of any equipment being purchased In What Is the value of any equipment Doing site of proled In dollars) received? Indiana for the project? purchased hem out of state for the project?I New Protect Investments Calendar Year 2019 2020 2021 2022 2023 2024 2025 2026 t and Acqukltion Building tease Payments Building Purchase Costs New Building Construction twisting Building Improvements 5 3,504000 CO New Machinery 8,Equipment $457,00000 $90,030.00 $53,300.00 $00,000.00 $10,070.00 3 35,000.00 3 10.300.00 3 35 70",.:,,` Special Tooling/Retooling Nev.Furniture/Fixtures $8,000.00 $2,500.00 $5,000.00 flew Computer/ft Hardware 0 20,000,00 3 23,000.00 $10,000.n0 $10,000.00 New Software - $5,000.00 s-3,00.:,0 4 i,i c0i ('Zi $15,000.00 On-site Ball Infrastructure Onatte Fiber Infrastructure TOTAL I$4,083,000.00 $128,000 00 S 55,500.00 i 80,000.00 $10,000.00 S 40,000,00 $36,000:00 $30,000.00 Full-Time Permanent Indlana-Resident Positions by Calendar Year Calendar Year lobs retained Total hourly Cumulative It of net NEW full time Hourly average wage,w/o Total training Total O to be wage w/o permanent jobs created at prof vet benefits or bonuses,of expenditure- trained-not fringe or cumulative net new labs not cumulative bonuses cumulative 2019 18 19.62 1 2020 2 17.00 2021 2022 1 19.00 2073 0 17.50 2024 19.50 2025 20.00 2025 18.50 2027 0 2028 2 20.50 2029 1 19,00 2030 1 21.00 Provide hourly wage information for new employees In the following positions. Full lino Part time Laborers 17.00 Technical Managerial Administratfue 18.50 Who wail be the indivtaual responsible for coordinating with" WorkOsee onreaulting7 _ Does your company have an 6E0 hiring policy?'Yes Are you an EEO employer? 11Yes Please list the number of full time and part time minority and/or female employees for each of Pleasedeacrlbe your commitment to the last three years: diversity and Inclusion by detailing your Pear 2018 and recruitment efforts for the last 2018 2018 2018 three years as well as current policies, Full Time Part Time Full Time Part lime Full 7lme Part Time Black 5 5 5 Hispanic 1 1 1 Asian 1 Indian Female 4 3 3 Other Complete below for Real or Personal Property Tax Abatement only. Please sign for all requested incentives. Public Benefit item: Information is required on both the construction companies and the companies which will provide materials purchased for this project. , Please complete the table below with the appropriate information. If qualify Earned Points Available Points (Yes or No) you qualify for the points,please enter the full amount of available points. 1 Construction Related(Contractors): A Employ Local Companies(75%) YES 20 20 B. Purchase Materials from Local Companies(75%) YES 20 20 C. Require Employees vs.Independent Contractors YES 19 19 Require Prevailing Wage(Davis Bacon) No 22 E. Require Health Benefits YES 22 I 22 F. Require Pension Benefits VO I 18 G. Maintain Affirmative Action Plan YES 20 2C Sub-total Construction Related: 101 111 2 Wojt&Benefit Related(Owned:: A. Pay Target Wage levels YES 33 33 B. Provide Health Benefits YES 34 34 C. Provide Pension Benefits YES 29 29 D, Provide training YES 28 28 E. Provide Child care NO Is F. Provide Transportation Assistance NO 14 G. Provide Employer Assisted Housing.program NO 9 Sub-total Wage&Benefit Related: 124 162 3 Workforce Related: A. Create New Jobs YES 42 42 B. Retain Existing lobs YES 41 41 C. Maintain Affirmative Action Plan No 0 3s R 0. Provide Targeted Hiring Preference ' •0 34 Sub-total Workforce Related: 83 152 4 Support a Municipal Facility: Support a S8 Municipal Facility(donations to the A. coo,conservatory,museum,etc.) Y�S 84 84 Name of Facility Polawalo_ ' ISub-total Municipal Facility: n al 84 fj Sub-total from Above: _9 5 The undersigned owner(s)of real property,located within the City of South Bend,herby petition the Common Council of the City of South Bend for a real and/or personal property tax abatement consideration and pursuant to I.C.,6-1.1-12.1-1,et seq.,and South Bend Municipal Code Sec.2-76 et seq.,for this petition state the above. Submitted By: Dater [ 3/2-z./ 1 For Staff Use Only Below This Line What Is the current assessed value? Real Property: ///'r C 7. r Personal Property: projected assessed value? Real Property: P What Is thePro a /�J vv 3 y 3 .2 pvt,. Personal Property: -� p00 What Is the tax key number for this project? 1 0.25- -10/0.-a7'61 What Is the six digit NAICS code? pQ(/161 e ,'&z-c4.� _PP)` 473 (/Ok z, 4/6) Please attach a Google map and street view of the location. Please list the amount of real and personal property taxes Real Property Taxes: Personal Property Taxes: paid for the last fNe years when applicable. •vi5 /4...7 fri• Year One 4i5 "re /3 9 56.. &'7 3 f' =mss' r e / Year Two ;G`.e/s ` 3,b 56'8( = y/ W/6// n/ // /�/y' YearThree /�/, X292 = 5777 etc, pc year Four 9- t� iO oto/ ///5—Year Five 1 /5- _76'. Please fill out the following Public Benefit Summary Information and add to total from above. fY or Nj Points Points Public Benefit Item: Project Related: 5 A. Redevelop a Site that has Special Needs 49 B. Develop Based on Local University Research 35 C. Achieve a Physical Element of a Plan 36 Sub-total Project Related: 120 6 Super Size Projects(point values are cumulative): A. 100%to 199% c21 25 B. 200%to 299% Lc' 68 C. 300%to 399% G6— 65 D. 400%and Over 52 Sub-total Super Size Projects: /J '' I 210 7 Pay for Municipal infrastructure: A Pay for Oversizing or Upgrading 14 B. Pay for 26-50%of Extension Cost 25 C. Pay for 51-75%of Extension Cost 39 D Pay for 76-100%of Extension Cost L� 52 Sub-total Infrastructure Related: ".j�U 131 Total from Applicant Section: 3 oZ 539 Total from Staff Section: l6"'cf 461 Total Public Benefit Points: 5-672 , 1000 i 314 _ W J >- 1 m 1-- Q W J_ W y Q 0 z ao. V ILLI �_ o Z 02 a 1— — r % 0lj_ • - Z Q`DJ , �.� o, J [[, "� �Mxa"� .).7,.., Z � 4, O� Q F= 4�k¢-1-4�7b USS'-.S CO D7, e_ Q , .r C ch o C v d, U 4 M CC O n 3t C D. .74' Z C. cc 00 - Q cq en e v yU VVI 0 C U0 O Q O �'d O U c7 Q O W y < C O ►�1 CO . 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