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CITY OF SOUTH BEND <br />COMMUNITY INVESTMENT <br />September 23, 2020 <br />Council Member lake Teshka, Chairperson <br />Community Investment Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Real & Personal Property Tax Abatement Petition for: Tri-Pac, Inc. <br />Dear Council Member Teshka: <br />Filed in Clerk's Office <br />LSEP <br />23 2020 <br />DAWN M. JONES <br />CITY CLERK, SOUTH (SEND, IN <br />Please find the attached information pertaining to a real and personal property tax abatements petition <br />submitted by Tri-Pac, Inc. to purchase a building located at 4303 Technology Drive, South Bend, IN 46628 <br />and to purchase new manufacturing equipment. The company is planning to expand their presence in <br />South Bend, Indiana. This petition package includes: <br />➢ Department of Community Investment's summary report <br />➢ Petition <br />➢ Statement of Benefits forms (Real and Personal properties) <br />➢ Supporting information <br />The report contains the Department's findings relative to the above petition. The petitioner proposes to <br />purchase the building for $2,125,000, invest in its renovation approximately $1,000,000 and purchase <br />new equipment with estimated cost of $2,000,000. A total project cost is approximately $5,125,000. A <br />representative from Tri-Pac, Inc. will be available to meet with the Committee on Monday, September 28, <br />2020. <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 235-5823. <br />Sincerely, <br />Daniel J. Buckenmeyer <br />Director, Business Development <br />D,�Nimi. BUCKE.NMETRR ALKEVM1:\ AI iumE P..WELA MEVER 11u CORCOPWN <br />BUSINms DEVELOP]IE\T ERCAOEME-, r & ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOP\IE\T PL�NHIKC & Comxfu%iTS RvsouRcu <br />EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br />1400S County -City Building 227W. Jefferson Blvd. South Bend, Indiana 46601 p574.235.9371 www.southbendin.gov <br />