|
~~ nary
<br />~~~,~~ STATEMENT OF BENEFITS
<br />a,~~ PERSONAL PROPERTY
<br />State Form 51764 (R / 1-06)
<br />~ ~..~~ ;:
<br />~•~• Prescribed by the Department of Local Government Finance
<br />i
<br />FORM SB-1 / PP i
<br />PRIVACY NOTICE
<br />The cost and any specific individual's
<br />salary information is wnfidential; the
<br />balance of the filing is public record
<br />per IC 6-1.1-12.1-5.1 (c) and (d).
<br />INSTRUCTIONS:
<br />1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires
<br />information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted
<br />to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment, and/or logistical distribution
<br />equipment and/or information technology equipment for which the person wishes to claim a deduction. Projects" planned or committed to after July 1, 1987,
<br />and areas designated afrerJuly 1, 1987, require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1)
<br />2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to installation of the new manufacturing equipment
<br />and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment, BEFORE a deduction may
<br />be approved.
<br />3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal property refum on a certified deduction schedule (Fomr f03-
<br />ERA) with the township assessor of the township where the property is situated. The 103-ERA must be filed between March 1 and May 15 of the assessment
<br />year in which new manufacturing equipment and/or research and development equipment and/or logistical dstribution equipment and/or information technology
<br />equipment is installed and fully functional, unless a frling extension has been obtained. A person who obtains a filing extension must file the form between
<br />March 1 and the extended due date of that year.
<br />4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF-1 /PP annually to show compliance with the Statement
<br />of8enefds. (IC6-1.1-121-56)
<br />5. The schedules established under IC 6-1.1-12.1-4.5 (d) and (e) apply to equipment installed after March 1, 2001. For equipment installed prior to March 2,
<br />2001, the schedules and statutes in effect at the time shall continue to apply. (!C 6-1.1-121-4.5 (t) and (g))
<br />~ .. • - - -
<br />Name of taxpayer ~ ~ ~• ___..--~---~'-~- _ 4
<br />•^
<br />GTA Containers, Inc. ~
<br />~ {
<br />Address of taxpayer (number and street, city, state and ZIP code) 1 1 i t i _ ,i,} :u i
<br /> 1
<br />~
<br />4201 Linden Avenue, South Bend, Indiana 46619 ~ l
<br />Name of contact person Tee -one.,number
<br />~
<br />Yatish J. Joshi, President ' ~~° ,-r~~,, P!.
<br />`
<br />OtT(a74~'28~59 . ,'
<br />
<br />Name of designating body Resolution number(s)
<br />Common Council of the City of South Bend
<br />Location of property County DLGF taxing district number
<br />4201 Linden Avenue, South Bend, Indiana 46619 St. Joseph 018 (Portage Township)
<br />Description of manufacturing equipment and/or research and development equipment ESTIMATED
<br />and/or logistical distribution equipment and/or information technology equipment Start Date Com Ietion Date
<br />(use additional sheets if necessary) August, 2008 August, 20!77
<br /> Manufacturing Equipment
<br />Proposed investment in new manufacturing a nd logistical distribution equipmen
<br />'ncluding, without limitation, fabric cutters and seaming equipment and relate R ~ D Equipment
<br />quipment.
<br /> Augusf, 2008 August, 20 i C
<br />Logist Dist Equipment
<br />
<br />IT Equipment y
<br />~u 2e!~~S ~ j1 X01 p
<br />• • • rt • -~-~ ~ •
<br />Current number Salaries Number retained Salaries Number additional Salaries
<br />31 -$1,250,000 31$1,250,000 6-11 -$160,000.260,000
<br />• ~ ~ • ~ • --~-• r •••
<br />NOTE: Pursuant to IC 6-1.1-12.1-5.1(d)(2) the MANUFACTURING R ~ D EQUIPMENT
<br />EQUIPMENT LOGIST GIST IT EQUIPMENT
<br />EQUIPMENT
<br />COST of the roe
<br />p p rty is confidential. Assessed Assessed
<br />Cost
<br />Cost Assessed Assessed
<br />Cost
<br />Cost
<br /> value
<br />Value Value
<br />Value
<br />Current values ~1.1M $320k -49k -15k -31.5k -10k
<br />Plus estimated values of proposed project $220K- Reg. 16 -20k Reg. 16 -10k Reg. 16
<br /> 370k
<br />Less values of any property being replaced N/A N/A ~ N/A NIA NIA N/A
<br />Net estimated values upon completion of project ~1.5M Reg. 16 -70k Reg. i6 ~41.5k Reg. 16
<br />• • ~ ~ •• ~
<br />Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds)
<br />Other Benefits:
<br />• ~
<br />I hereb certi t at the re resentations in this statement are frue.
<br />Signature of authorized representative ~~ _ ,,,_ ` Title Date signed (month, day, year)
<br />~-~' ~~-• Yatish J. Joshi, President July 8, 2008
<br />
|