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20-34 Designating Real Property Tax Abatment for Tri-Pac, Inc
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20-34 Designating Real Property Tax Abatment for Tri-Pac, Inc
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Last modified
9/23/2020 11:39:27 AM
Creation date
10/1/2020 3:40:26 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/28/2020
Bill Number
20-34
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City of South Bend <br />Public infrastructure needs (Off <br />Petition for Incentives <br />whatis Mev.]ueofwyequipmw,tbeingpumhasedin <br />PetWon must include a $250 J%k g fee payable to the City Oerk's Office w onkne via rhe 011y's website at <br />sneofprojedindollars) <br />hnp.//s"bendin.gav/government/contentA—a botement befweprocessing con be compere <br />Indiana for she project? <br />General Information Project Name Project Number <br />422107 <br />Legal name as maiste red with Secretary of Tri-Pac, Inc. <br />state <br />Business structure CCorporation <br />Company webshe www.trkpac.us <br />Proposed Project Information <br />Proposed protea address 4303 Technology IDrlveParent company name <br />City, sum, aP South Bend, N 46628 Lep]owner I Patterson Logistic Services Inc <br />site acreage oracreage requiredb <br />tha real estate owned or Ownedeased <br />square feet at facility <br />40,000 sf dleasedbywhom <br />Primary contact Information <br />Primary company contact name <br />Vikram Shah Title President <br />address of company camtad <br />3333 NKenmore Sl Phone 574-855-2197 <br />City, State, sip South Bend, IN 46628 anwl vikram.s hah@tri-p i c.usl <br />Senior Official Information <br />Company senior official name Same as above <br />address of company camact (if different fro <br />Phone <br />.hose <br />C]ty,stNe,Zip <br />Email <br />101. <br />Consultant Information/Agent <br />Hired business ccasultaut/a,atrare, Eric Levenhagen <br />ConsunanValease tT/t4 Y <br />address <br />OneAmerica Tower, l American Square, Suite 2800 <br />Local economic developmentpartnos, <br />Y <br />rowl v H <br />Otv.state,Lp <br />Indianapolis, IN 46282 <br />Erall eric.levenhagen@rsmus.com <br />Project Overview <br />Brief description of your <br />Tn-Pac, [no (TPI), which wasfounded asa M�. ch igan Corporation i n 2009, isa certified minorityavned <br />company, pagcq and why the <br />bus ness for tumkey chemical Contract manufacturing of aemwis and liquids. Vi loam Shah isthe Founder <br />Property is necessary for <br />afterwoddng over 30 years at Accra Pac in El khart,Indiana. TPI cl ientsmcl ode Fortune 500 dients, <br />economk growth <br />Department of Defense and other multinational marketi rig wen paries TPI isISO 9001, ISO 14001 certified <br />registered with FDA, EPA, TAR and DOD and compliant with ISO 18001 and ISO 13485. Products <br />produced include personal care, OTC, household, instilutonal productsand othersfor mi litarylsecudty <br />organizations, but TPI hasbeen shifti rig primary focustowalds Pharmaceutical and OTC manufacturing, a <br />new business area that is quickly growing forTPI along with Personal Protective Equipment (PPE) and ham <br />sanitizers. The wen parry donated thousandsof PPE and hand sanitizersto <br />local hospitalsand is now entered in the l ndiaw PPE portal to help more companies <br />TPI iscurently considering stesin Indiana and Michigan to purchase a new buildingforthis <br />Healthcare/Pharma industry growth with the South Bend site at 4303 Technology Drive the focuspoint for <br />$1M building upgrade and $2M new equipment. T PI currently has over 40 total staff in South Bend HO, but <br />there is a plan b Convert about 60 temporary staff b full-time with this expansion. This new project would <br />start with base 0 staff as it would be above and beyond original potted for HO relocation from Michigan to <br />Indi ane in 2017. <br />Cerdhed Technology Park appropriate <br />Yes <br />tat )area? Ifo which? <br />(TIF area? If in.7scbP <br />Yes, <br />Yes, listed as 125 Rizer West 1 -SB German 009 on property tax bill <br />p I) Y <br />Ce that the Building Permit has not been <br />Y <br />Nurnbarof resldenaal unbs created by <br />() <br />issua <br />P otect <br />Hthis is a petition for personal pronenytaa abatement,ha <br />N/A <br />Neequipment been insisted <br />Investment Details <br />Public infrastructure needs (Off <br />Hasany504funding be <br />whatis Mev.]ueofwyequipmw,tbeingpumhasedin <br />What], the value ofany equipment being <br />sneofprojedindollars) <br />receiredP <br />Indiana for she project? <br />purchased from out ofsttle for the project <br />$0 <br />No <br />$0 <br />$2,000,000 <br />CJffice <br />;LU <br />INES <br />H BEND, IN <br />
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