20-13 Designating Personal Property Tax Abatement for Bamar Plastics

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-,""t4,,, STATEMENT OF BENEFITS [ FORM SB-1 I PI-;-1 iii . PERSONAL PROPERTY �'\ State Form 51764(R4l 1 1-15) - _.�f Prescribed by the Department of Local Government Finance PRIVACY NOTICE Ary inform_. _ ,.ty the 2051 or the propery arm :peat c salaries paid to individual employees by the property owner is confidential per IC 6-1 1-12.1-5.1 INSTRUCTIONS 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment,and/or logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the installation of qualifying abatable equipment for which the person desires to claim a deduction. 3. To obtain a deduction,a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule (Form 103-ERA)with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for the township. The 103-ERA must be filed between January 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional.unless a filing extension has been obtained. A person who obtains a filing extension must file the form between January 1 and the extended due date of that year. 4 Property owners whose Statement of Benefits was approved,must submit Form CF-1/PP annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) 5. For a Form SB-1/PP that is approved after June 30,2013,the designating body is required to establish an abatement schedule for each deduction allowed. Fora Form SB-1/PP that is approved prior to July 1,2013,the abatement schedule approved by the designating body remains in effect. (IC 6-1.1-12.1-17) SECTION 1 TAXPAYER INFORMATION Name of taxpayer Name of contact person Bamar Plastics, Inc. Tricia Blair Address of taxpayer(number and street,city state,and ZIP code) Telephone number 1702 Robinson St.South Bend, IN 46613 1 574 ) 234-4066 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number(s) South Bend Common Council Location of property County DLGF taxing district number 1702 Robinson St.South Bend,IN 46613 St.Joseph Description of manufacturing equipment and/or research and development equipment ESTIMATED and/or logistical distribution equipment and/or information technology equipment. START DATE COMPLETION DATE (Use additional sheets it necessary.) Injection Molding Presses Material Grinders Manufacturing Equipment 04/01/2020 01/31/2022 Robots Computers R&D Equipment Conveyors Phone System Pickers IT Server Logist Dist Equipment ERP System CAD System IT Equipment A- •, i• -u SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT CJr-enl number 1SalariesI Number retained Salaries Number additional Solaces 14 1660,205 14 $680,205 1 $60,000 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE:Pursuant lc IC 6-1.1-12.1-5.1(d)(2)the MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT EQUIPMENT EQUIPMENT COST of the property is confidential. COST ASSESSED COST ASSESSED i COST ASSESSED COST ASSESSED VALUE VALUE VALUE VALUE Current values 2,587,513 L 70,111 Plus estimated values of proposed project 432,104 E f 217,000 Less values of any property being replaced 148,000 13,000 • Net estimated values upon completion of project 2,871,617 274,111 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) _ I Estimated hazardous waste converted(pounds) Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized ren Wive - Date signed( nth.d year) 1Lr C.cr` �'� -tet yob 3dgo Printed name of authorized representativeTide Tricia Blair 1 Secretary Page 1 of 2