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Confirming Tax Abatement - EW Marine Inc. DBA Indiana Rotomolding Inc. 3300 N. Kenmore (5 Yr. Personal Property)
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Confirming Tax Abatement - EW Marine Inc. DBA Indiana Rotomolding Inc. 3300 N. Kenmore (5 Yr. Personal Property)
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12/3/2012 11:15:11 AM
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12/3/2012 11:15:06 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
11/26/2012
Ord-Res Number
4218-12
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TAX ABATEMENT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: DAVID RELOS <br /> SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> EW MARINE, INC. DBA INDIANA ROTOMOLDING, INC. <br /> DATE: October 31, 2012 <br /> On October 29, 2012, a petition for personal property tax abatement consideration for property <br /> located at 3300 N. Kenmore was filed with the City Clerk by EW Marine, Inc. DBA Indiana <br /> Rotomolding, Inc. Pursuant to Chapter 2,Article 6, Section 2-82 of the Municipal Code of the City <br /> of South Bend, this petition was referred to the Department of Community and Economic <br /> Development for purposes of investigation and preparation of a report,to determine whether the area <br /> qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1, and that all zoning <br /> requirements have been met. <br /> The Department of Community and Economic Development has reviewed the petition,investigated <br /> the area, and makes the following report. <br /> PROJECT SUMMARY <br /> EW Marine, Inc. DBA Indiana Rotomolding, Inc. is a custom plastic processor utilizing the <br /> rotational molding process to manufacture yellow crash barrels for highway safety,along with a wide <br /> variety of other small and large hollow products which are shipped up to 800 miles away. EW <br /> Marine,Inc.DBA Indiana Rotomolding intends to purchase equipment in the amount of$1,000,000 <br /> to complement current equipment in order to support client demands and higher volume. <br /> Being located at 3300 N. Kenmore, EW Marine, Inc. DBA Indiana Rotomolding is in German <br /> Township. Using German Township's tax rate,during a five(5)year abatement period,total taxes <br /> being abated are estimated at $15,039. Total taxes being paid are estimated at $168,072. <br />
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