Confirming Tax Abatement - CBK Land Development, LLC. 5233 Dlyan Dr. (10 Year Real Property)

Home Browse Search

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