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20-14- Confirming Personal Property Tax Abatement for Bamar Plastics
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20-14- Confirming Personal Property Tax Abatement for Bamar Plastics
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5/20/2020 11:32:10 AM
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5/20/2020 11:32:04 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/26/2020
Bill Number
20-14
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City of South Bend <br /> Petition for Incentives <br /> Petition muff include o$250 filingfee <br /> payable to the City Clerk's office or online via the City's website at <br /> http://southbendin.gov/government/content/tox-abatement before processing con be complete <br /> General Information Project Name 20-21 Automation Project Number <br /> Legal name as registered with Secretary of gamer Plastics, Inc. <br /> $tate <br /> Business structure <br /> Manufacturer <br /> CDn'°an'lsNe a <br /> www.bamarplastics.com <br /> Proposed Project Information <br /> Proposed project address 1702 Robinson St. Parent company name <br /> City,set.,req South Bend,IN 46613 legal owner Heather Meixel <br /> Site acreage or acreage required is the real estate owned or Leased <br /> benne/ <br /> Square fret of facility 35,000 If leased by whom HCDM Real Estate Holdings LLC <br /> Primary Contact Information <br /> Primary company contactname Tricia Blair r�` Controller/Secretary <br /> Address otcompany contact 1702 Robinson St. Phone 574-234-4066 <br /> up,State,rip So ;h Bend,IN 46613 Email tblair@bamarplastics.com <br /> Senior Official Information <br /> Company senior official name Heather Meixel rite President/Owner <br /> ess <br /> Addrof company contact(if different Pram Phone 574-309-1892 <br /> above/ <br /> City.State,Bp Email heather@bamarplastics.com <br /> Consultant Information/Agent <br /> Hired business consultant/agent name ?Consultant release(y/N) <br /> Add Ks Local economic development partners <br /> approvalfy/nl <br /> may,State,Zip Em ei I <br /> Project Overview <br /> Brief description of yew <br /> company,project,and wnythe Bamar Plastics, Inc. is a custom injection molder of small parts. In the past we <br /> property is necessary far primarily served the automotive industry(90%). We are moving into the medical <br /> economic growth devices manufacturing arena. The medical field requires high volumes, larger <br /> part size and assembly. In order to be competitive in this space we need larger <br /> presses, automation and improved IT capabilities. This expansion of services <br /> and capabilities is vital to the continuation of the company. With the recent <br /> COVID-19 Pandemic and the shutdown of the automotive sector worldwide it is <br /> imperative our company pivot into other markets. <br /> This is necessary for the company's growth,diversification and continued <br /> viability. <br /> Certified Tedsnology Pah appropriate - -- <br /> Is the project Ina Tu rnaemertel Financing <br /> RIF 1 arta?if to.Which' <br /> Certify that the Building Permit has not been Number of retidennal units created by <br /> Issued fvfel) oro!er. <br /> Ifthis is a petition foe personal property tan abatement,has <br /> the equloenent been Installed No, (some eq,..pment ras aeon ordered) <br /> Investment Details <br /> Public Infrastructure needs(Offs 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 prolect in dollars) received? Indiana for the project? purchased from out of state for the project? <br /> $60,000 (estimated) $590,000 (estimated) <br />
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