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Home My WebLink About4774-19 Chase Plastics Designating Personal Property Tax Abatement RESOLUTION No. 4774-19 Passed by the Common Council of the City of South Bend, Indiana April 8, 20 19 . A Attest: / �� ,,z-ri „ City Clerk Kareemah N. ower Attest ` President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana April 8, 19 20 City Clerk Kareemah N. owler Approved and signed by me (t I 201 . Mayor —Ve -eq United States of America ***********: r, Ns Pi Certificate STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: I, Kareemah N. Fowler, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby certify that the attached and foregoing is a full, true, and correct copy of RESOLUTION 4774-19 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5245 DYLAN DRIVE, SOUTH BEND,IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR CHASE PLASTICS SERVICES, INC. ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APRIL 8,2019. PRESENTED TO, APPROVED AND SIGNED BY MAYOR PETE BUTTIGIEG, APRIL 9,2019. ATTEST: TIM SCOTT, PRESIDENT OF THE COMMON COUNCIL ATTEST: KAREEMAH N. FOWLER, CITY CLERK -RECEIVED- HAY 112019 s`i.JosEP COUNTY ASSESSOR I MAY 17 2019 zL SEF COUNTY; the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph County, Indiana. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of the City of South Bend, St. Joseph County, Indiana, this day of 20 Kareemah N. Fowler Clerk of the City of South Bend St. Jose h County, Indiana ki.ze-a•c-o-il -44.,-4.A-- By: Kareemah N. Fowler BILL NO. 19-20 RESOLUTION NO. 4774-19 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5245 Dylan Drive, South Bend, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Chase Plastics Services, Inc. WHEREAS,a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 5245 Dylan Drive, South Bend, Indiana,and which is more particularly described as follows: Business Personal Property and which has Key Numbers to be assigned and be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq.,and South Bend Municipal Code Sections 2- 76 et seq., and; WHEREAS,the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1,et seq.,and South Bend Municipal Code Sections 2-76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS,the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6-1.1- 12.1-4.5 et sec., that: a. The estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; b. That the estimate of the number of individuals that will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed installation of new manufacturing equipment; c. That the estimate of the annual salaries of those individuals that will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed installation of new manufacturing equipment; d. Any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed new manufacturing equipment;and e. The totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new industrial equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6-1.1- 12.1-4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community Investment, and the Community Investment Committee's favorable recommendation,that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to three(3)calendar years from the date of the adoption of this Resolution by the Common Council. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of(5) five years as shown by the schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 90% Year 3 - 80% Year 4 - 70% Year 5 - 60% SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Tim Scott, Counci 'rpt South Bend Common Council PRESI; o4-0(6-12.0 19 k • APF;: 2 Filed in Clerk's Office 01. [161—WR 03 2019 Z' KAREEMiAH FOWLER CITY CLERK,SOUTH BEND, IRS CITY OF SOUTH BEND COMMU \ ITY INVESTv1ENT Council Member Gavin Ferlic, Chairperson April 3, 2019 Community Investment Committee • South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Personal Property Tax Abatement Petition for: Chase Plastics Services, Inc. Dear Council Member Ferlic: Please find attached the Department of Community Investment's report on a personal property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition,Statement of Benefits form, and supporting information. The project calls for the acquisition and installation of new equipment as part of the company's planned increase in productive capacity at their distribution center at 5245 Dylan Drive, South Bend. The report contains the Department's findings relative to the above petition. Chase Plastics will be purchasing and installing new equipment.The total project cost for the equipment is estimated at$823,000. The project meets the qualifications for a(5)five-year personal property tax abatement and a representative from Chase Plastics Services will be available to meet with the Committee on Monday,April 8th,2019. 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 235-95823. Sinc rely, Daniel ucke eyer Director Economic Resources&Business Development DANIEL3.BUCKENMIEYER ALKEVNA ALDRIDGE PAMELA MEYER TIM CORCOR,\.Y BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371 www.southbendin.gov -_FiledTin_Clerk's Office ApR 3 20191 TAX ABATEMENT REPORT KAREE AH FOWLER L R CITY CLERK,SOUTH BEND,!N TO: South Bend Common Council FROM: Angelina Billo SUBJECT: Personal Property Tax Abatement Petition For: Chase Plastics Services, Inc. DATE: April 2, 2019 On March 25,2019 a petition for personal property tax abatement consideration for property located at 5245 Dylan Drive, South Bend,is filed with the City Clerk by Chase Plastics Services, Inc. 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 (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY • Chase Plastics, a leading North American full-service specialty engineering thermoplastics distributor serving plastic processors throughout North and Central America, is planning to purchase and install new equipment at their distribution. Total estimated cost of equipment is approximately $823,000. The equipment will include storage racking, blending equipment and folk lifts. • Petitioner is qualified for a five-year personal property tax abatement. • Total taxes phased-in during a (5) five-year abatement period are estimated at $25,980. New project taxes will be $21,918. Total taxes to be paid over five years on the new and existing equipment are estimated at$31,859. EMPLOYMENT IMPACT Per this petition,the company will have nineteen(19)full-time jobs with an annual payroll of$775,384 by the end of 2019. It is estimated that in ten years the business will create twelve(12)new,permanent full- time positions and zero(0)part-time positions with an annual payroll of$475,280. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted, finds that the petitioner, Chase Plastics Services, Inc has been granted or associated with one previous abatement. Term/Type Resolution No. Date 5-year personal property 4405-14 11/12/2014 2. The Area Plan Commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. The Building Commissioner has reviewed the petition and finds no building permit was issued. 4. A review of the South Bend Redevelopment designation areas finds that the property is located in the River West Development Area. 5. 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