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HomeMy WebLinkAboutConfirming Tax Abatement - R2 Diagnostics, Inc. 1801 Commerce Drive (5 Yr. Personal Proeprty)Attes RESOLUTION 4184 -12 Passed by the Common Council of the City of South Bend, Indiana May 29, 12 20 Presented by me to the Mayor of the City of South Bend, Indiana May 30, 20 12 City Clerk ident of Common Council Approved and signed by me q—"a4 l 20—LL— . City Clerk RESOLUTION NO. q L N —t �- A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1801 Commerce Drive AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR R 2 DIAGNOSTICS, INC. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1801 Commerce Drive, South Bend, Indiana, and which is more particularly described as follows: E PT Lot 25 Airport Industrial park Phase II- Sec 33 -38 -2E Cont .40 acres+/ - W 287 FT of Lot 25 Airport Industrial Park Phase II- S.W.1-4 Sec 33 -38 -2E 1.57 acres S 80 -5 FT of Lot 24 S.W. Sec 33 -38 -2E and which has Key Numbers 025- 1008 - 033502; 025- 1008 - 033508; 018 - 2183 - 688612; and 018 - 2183 - 688603 be designated as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of five (5) years, and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. Member of the Common Council PRESENTED - -L� -t Z NOT APFizovni 'AOOPTE Filed in Uiatl' E MAY 6'6 `Zol? J® N VCCME . CITY CLERK, SOUTH SEND, IN 1200 COUNTY -CITY Bu IDTNG 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601 -1830 PHONE 574 / 235 -9371 FAx 574/235 -9021 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR COMMUNITY & ECONOMIC DEVELOPMENT April 17, 2012 Council Member Henry Davis, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Commercial Real Property Tax Abatement Petition for: R 2 Diagnostics, Inc. Dear Council Member Davis: Please find attached the Department of Community & Economic Development's report on a personal property tax abatement petition for the above - referenced Petitioner for the purchase of equipment at 1801 Commerce Drive. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The report contains the Department's findings relative to the above petition. The Petitioner, R 2 Diagnostics, Inc. proposes to purchase equipment which will cost $459,500. The Petitioner is seeking a five year personal property tax abatement for the equipment. A representative of the Petitioner will be available to meet with the Committee on Monday, May 14, 2012. Should you or any of the other Council members have any questions concerning the report, or need additional information, please feel free to call me at 235 -9278. Sincerely, t-[K- Kathy Ha Economic Development Specialist Attachments cc: South Bend Common Council Members Mayor Pete Buttigieg Don Inks COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT PAMELA C. MEM DONALD E. INKS 574/235 -9660 574/235 -9371 Fax: 574/235 -9469 1200 CouNTY -CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601 -1830 PHONE 574 / 235 -9371 FAx 574/235 -9021 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR COMMUNITY & ECONOMIC DEVELOPMENT TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: R 2 DIAGNOSTICS, INC. DATE: April 17, 2012 On April 16, 2012, a petition for personal property tax abatement consideration for property located at 1801 Commerce Drive was filed with the City Clerk by R 2 Diagnostics, Inc. Pursuant to Chapter 2, Article 6, Section 2 -82 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development 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 and Economic Development has reviewed the petition, investigated the area, and makes the following report. PROJECT SUMMARY R2 Diagnostics, Inc. (R2 D) manufactures and sells clot based diagnostic kits that test for bleeding and clotting disorders. R2D uses proteins from Enzyme Research Laboratories (ERL) to insure the highest quality final products with no lot -to -lot variation. ERL is the primary supplier of coagulation and fibrinolytic proteins for the research community. The Company's products are distributed worldwide to researchers and pharmaceutical companies to aid in the development of novel therapeutic compounds and assays to diagnose and treat coagulation/hemostatis disorders. R21) intends to purchase equipment in the amount of $459,500 to complement current equipment in order to support client demands and higher volume. Two of the tax key numbers are in Portage Township and two of the tax key numbers are in German Township. Using tax rates for Portage Township results in $18,317 of tax being abated and using tax COMMUNITY DEVELOPMENT ECONOMiC DEVELOPMENT PAMELA C. MEYER DONALD E. INKS 574/235 -9660 574/235 -9371 FAx: 574/235 -9469 South Bend Common Council RE: Tax Abatement for R 2 Diagnostics, Inc.. April 17, 2012 Page 2 rates for German Township results in $18,421 of tax being abated. Total taxes to be paid using Portage Township tax rates during a (5) five -year abatement period are estimated at $29,068. Total taxes to be paid using German Township tax rates during a (5) five -year abatement period are estimated at $28,964. EMPLOYMENT IMPACT Per the petition, it is estimated that the total project will create at least two (2) new, permanent, full - time jobs in the first year of production representing a new annual payroll of at least $65,000. The project will maintain fifteen (15) existing, permanent, full -time jobs and one (1) part-time job with a total annual payroll of $800,000. ABATEMENT QUALIFICATION A review of the tax abatements previously granted finds that the petitioner has not been granted any previous tax abatements. The related company, Enzyme Research Laboratories has been associated with the following abatement: Type Resolution Number Date 5 year personal property abatement 3555 -06 January 23, 2006 2. The Building Commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the Airport Economic Development Area, which is a Tax Incremental Allocation Area; therefore, the petition for personal property tax deduction must first be approved by the South Bend Redevelopment Commission. 4. 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Describe the proposed project, including information about the new manufacturing equipment personal property (equipment) to be installed, the amount of land to be used, if any, the proposed use of the equipment, and a general statement as to the value of the project to your business. This project encompasses the purchase of various of machinery by R2 Diagnostics, Inc. (R2D),to complement current equipment in order to support client demands and higher volume. R21) is a biotechnology company, that in conjunction with Enzyme Research Laboratories (ERL), focuses on the production of high quality innovative products for the homeostasis market. R2 is an ISO 13485:2003 certified company that uses highly purified and well characterized source proteins and materials to produce reagents for routine coagulation testing with major emphasis on the detection of thrombophillia. R2D intends to purchase equipment in the amount of $459,500 in 2012. 2. The project will create 2 new, permanent jobs within the first year, representing a new annual payroll of $ 65,000 and will maintain 15 existing permanent full -time and 1 existing part -time jobs representing an annual payroll of approximately $ 800,000 . The projected annual salaries for each new position created are estimated to be as follows: Lab Tech — R21) - $30,000 - $46,200 Supervisory Position - R2D- $60,000- $90,000 Research Chemist - R21) - $91,000 - $110,500 (The above amounts were computed using the average hourly rate with fringe benefits.) 1 3. Estimate the total cost of the Equipment: $459,500 4. (a) The Equipment is owned or to be owned by the following individuals or corporations (if the business organization is publicly= held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADDRESS INTEREST R2 Diagnostics Inc. 1801 Commerce Dr. South Bend IN 100% (b) The following other persons lease, intend to lease, or have an option to buy this Equipment (include corporate information as required in (4)(a) above, if applicable): NAME ADDRESS INTEREST N/A 5. Give a brief description of the overall nature of the business and of the operations occurring at the location for which tax abatement is requested: R2D manufactures and sells clot based diagnostic kits that test for bleeding and clotting disorders. R2D uses the proteins from ERL to insure the highest quality final products with no lot -to -lot variation. These two points are critical to testing labs like the South Bend Medical Foundation who rely on our Quality for patient care. ERL is a primary supplier of coagulation and fibrinolytic proteins for the research community. The Company's products are distributed worldwide to researchers and pharmaceutical companies to aid in the development of novel therapeutic compounds and assays to diagnose and treat coagulation /hemostatis disorders. 6. The commonly known address of the property where the Equipment is to be located is: 1801 Commerce Drive, South Bend IN 7. The Key Number of said property is: 025- 1008 - 033502; 025- 1008 - 033508; 018 -2183- 688612; 018 - 2183 - 688603 8. Attach the legal description of the property where the equipment is to be located, marked Exhibit A, and is hereby incorporated herein. 2 9. Attach a map and /or plat describing the property where the equipment is to be located, marked Exhibit B, and is hereby incorporated herein. 10. Attach photographs of the property, taken within 30 days of filing of this petition, marked Exhibit C, and hereby incorporated herein. 11. The current assessed valuation of the tangible personal property to be replaced by the new manufacturing equipment is $ No equipment being replaced. The additional equipment being purchased to complement existing equipment in order to meet new customer demands and increased volume. (This information may be obtained from the St. Joseph County Assessors office 235 -9523) 12. The current use of the real property where the Equipment is to be installed is Light Industrial and the current zoning is LI (use) and N/A (height and area). (This information may be obtained from the Building Department 235 -9553) 13. List the real and personal property taxes paid at the location during the previous five years, whether paid by the current owner or a previous owner: YEAR REAL PROPERTY TAXES PERSONAL PROPERTY TAXES 10 pay 11 approx $45,563.92 approx $7,551.60 (ERL) $1,726.90 R2D 09 pay 10 approx $42,697.84 approx $10,579.10 (ERL) $645.82 R2D 08_pa3: 09 approx $47,901.27 approx $8,704.42 (ERL) $606.37 R2D 07 pay 08 approx $36,715.42 approx $17404.25 (ERL) $221.77 R2D 06 pay 07 approx $34,334.55 approx $0 (ERL) $246.43 R2D (This information may be obtained from the St. Joseph County Treasurers office 235 -9531) 14. Describe the commitment made within the past five years by your firm to hiring minority individuals, including number of minorities employed during each of the past five years, specifying whether full time or part -time and whether permanent or temporary employees. The Petitioner shall also list the current number of total employees (full and part -time) and the current number of minority individuals (full and part- time). R2D and ERL are equal opportunity emplovers, who do not discriminate in hiring, promotion, discharge, pay, fringe benefits and other aspects of employment, on the basis of race, color, religion, sex or national origin. 15. Describe on -site child care or day care facilities, services or benefits currently (Revised 8/2/02) 3 offered or proposed to be offered by the Petitioner for children of employees. There will be a designated "Kid Zone" for children of employees to use after school. The hours of the laboratory are 7:00 am — 4:00 pm. The children will be utilizing this space for approximately 1 hour a day. The room will have computers and study tables as well as games for the children to use while they are waiting for their mother or father. This is not intended to be for all day care nor for children under school age. Currently no employees have children under school age. 16. What is your best estimate of the market value of the new Equipment after installation? $ 459,500 17. What is your best estimate of the amount of taxes to be abated during each of the five years after installation? Year 149,793.42, Year 2- $7,834.73, Year 3- $8,226.47, Year 4- $4,113.23, Year 5- $1,566.95. Total Estimated abatement $31,534.80 (See attached computation) 18. What is the commitment your firm will make to minority employment during the five years of tax abatement? R21) and ERL are equal opportunity employers, who do not discriminate in hiring, promotion, discharge, pay, fringe benefits and other aspects of employment, on the basis of race, color, religion, sex or national origin. With the new facility, equipment and anticipated growth, the companies will fill all openings with qualified individuals regardless of race, color, religion, sex or national origin. 19. The Equipment has not been installed as of the date of filing of this petition. (The signature at the end of this Petition is verification of this statement) 20. The standard Industrial Classification Manual major group within which the proposed project would be classified, by number and description: R21) — 6214510 — Medical and Diagnostic Laboratories ERL — 541700 — Scientific Research and Development Services 21. The Internal Revenue Service Code of Principal Business Activity by which the proposed project would be classified, by number and description: (Revised 8/2/02) 4 Same as #20 22. The real property where the Equipment will be installed is located in the following Allocation Area, if any, declared and confirmed by the South Bend Redevelopment Commission: Airport Economic Development Area 23. Other anticipated public financing for the project including, if any, industrial revenue - bonding to be sought or already authorized, assistance through the United States Department of Housing and Urban Development funds from the City of South Bend, Small Business Association Sections 503 and 504 financing through the Business Development Corporation of South Bend, Mishawaka, and St. Joseph County, Indiana; or other public financial assistance, including but not limited to public works improvements. NIA 24. Describe how and why the manufacturing equipment to be replaced or the facility in which Equipment will be added is currently technologically, economically or energy obsolete and how and why that obsolescence may lead to a decline in employment and tag revenues: No equipment is being replaced. All new equipment will be used to complement existing equipment in efforts to meet client demand and increased volume as operations expand. Without this equipment the company will not be able to meet client demands and specification which could in the time reduce the client base and the associated sales. This reduction will surely attribute to a decline in employment and tax revenues. 25. The new manufacturing equipment will be used in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal property and that the equipment was never before used by its owner for any purpose in Indiana. The signature at the end of this Petition is verification of this statement. 26. The following person(s) should be contacted as Petitioner's agent regarding additional information and public hearing notifications: (Revised 8/2/02) 5 Name: Jeffrey M. McGowan, CPA Address: 210 S. Michigan St., Suite 200 City, State, Zip Code: South Bend IN 46601 Telephone: 574 - 289 -4011 WHEREFORE, Petitioner requests that the Common Council of the City of South Bend, Indiana, adopt a declaratory resolution designating the area described herein to be an economic revitalization area for purposes of tangible personal property tax abatement consideration, and after publication of notice and public hearing, determine qualifications for an economic revitalization area have been met, and confirm such resolution. Petitioner herein hereby verifies that the required $250.00 filing fee to cover processing and administrative costs pursuant to Section 2 -84.7 of the Municipal Code of the City of South Bend has been paid in full. Name of Property Owner(s): ��iJ�aeantx� -iL� \ nc. Lo Name) )dReuR NIC.�a�n-1AX 1�es,rpsergVwe f 1- UelTLZAX (Type" r printed name and capacity of signor if signed by an agent or representative of the owner) Piled iniY LCITY CLERK, ®� �N 1 END, fN (Revised 8/2/02) 6 N z Z + ! OD -0 0 $o f M O o J V ■ LL 0 OR co Lr o' M Ln O o O O o" ", ON N O O O 00 � O M O N : 00 M I ko to O �t tn, Ln M Q1 cr r-1 Ln N Ci' ri O O r-I N O O �' l0 N' M„ M In d1 epI Z M � n Q rI in p Z � p o \° p o \° ON p co p O p o0= O M O cD N fV' M; co Lij m v-1 L M M Ln N M 00 f=- Ln O �Y N LW > d 0 \ O O � O 00 00 n nn' 0 en W \ M 00 O Ln 00 u M ^ Ln 000 Cw O �' OU J O o O o N O O N, i Z N O p O Mi Cyi 000 O O Ln O 00 00 Ln n O "' 0) 00 z o00 Q .1 0 J a C0C G � No K in w Z m w J m = N �' N _J H H O N r1 D r4 a) E 00 m O r4 Ln a) -O vii C ri 0 ++ H m L U L W m m 0 J Q a) LU Lu C w :3 a C '0 U (U 'a Q D E a� a 3 Q 5 (v E x w O= w M C > > ~ 0 Z = O 4- Q a� ca Q U *' a) > Co w OA L N N ca L ' Q m f W O a w o) p F- w N >- O a i E w m D Ln Q — � Q N z Z + ! OD -0 0 $o f M Zj o J V ■ LL 0 Attachment to: City of South Bend Petition for Tangible Personal Property Tax Abatement Consideration Detail Listing of Property to be placed in service intelliTech -fill_ rates - and_ quotes- 29Aug11- updated15Oct11.xlsx instrument - quotes- 27Mar12 intelliTech quotes for i -Fill system. Larger system to accommodate the aluminum trays updated 27Mar12 Quote Line item P-0- Date Quote # Item# Description # units unit Subtotal Total (D 2012 -02 -01 10597D M3 -00020 XY platform, filler 1 $ 18,000 $ 18,000 2 2012 -02 -01 10597D M2 -00067 i -Fill micro pumps, $7,600 ea 6 $ 7,600 $ 45,600 ( 2012 -02 -OS 10597D MK -10 GR 03103D Micro kit, 30 ml. 30 $ 60 $ 1,800 ®2012 -02 -01 10597D M3 -00033 Roll -up Dual -head crimper 1 $ 45,000 $ 45,000 $110,400 2011 -9-21 verbal Validation package for i -Fill pumps 1 $ 7,500 $ 7,500 02011-11-2 10620 M3 -00025 Stoppering fixture (machine) 1 $ 21,600 $ 21,600 2011 -11 -2 10620 M1 -01423 Stopper jigs 40 $ 2,000 $ 80,000 $109,100 © 2012 -03 -22 verbal Monobloc filler for Sarstedt tubes 1 $ 190,000 $ 190,000 $ 190,000 Other Equipment for Project $ 50.000 Project Total -> $459,500 K. a x 0cle kL V Cdr cfLE