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TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: KATHY HAHN <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />CBK Land Development LLC <br />DATE: October 6, 2014 <br />On October 6, 2014, a petition for real property tax abatement consideration for property located at 5233 <br />Dylan Drive was filed with the City Clerk by CBK Land Development, LLC. Pursuant to Chapter 2, <br />Article 6, Section 2 -84.2 of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community Investment for purposes of investigation and preparation of a report <br />determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and <br />whether all zoning requirements have been met. <br />The Department of Community Investment has reviewed the petition, investigated the area, and makes the <br />following report. <br />PROJECT SUMMARY <br />Chase Plastics will be the tenant leasing from the ownership entity of CBK Land Development, LLC. The <br />ownership of these two entities are closely related. <br />Chase Plastics is a leading North American full- service specialty engineering thermoplastics distributor <br />serving plastic processors throughout North and Central America. This application is being made in <br />regards to Chase Plastic's desire to build anew distribution center which will support its operations. The <br />facility to be located in the Ameriplex at Interstate 80/90 project will be approximately 125,000 square <br />feet in size and located on 9.55 acre's in South Bend's 1" District. <br />This location is exceptional for a distribution operation. Due to its close proximity to the intersection of <br />the Interstate 80/90 and US Highway 31, it allows Chase to transport goods in all directions in a very <br />