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Home My WebLink About20-32 Designating Personal Property Tax Abatement for Tri-Pac, Inc.Filed in Clerk's Office StP 23 2020 DAWN M. JONES CITY CLERK, SOUTH BEND, IN CITY OF SOUTH BEND COMMUNITY INVESTMENT September 23, 2020 Council Member Jake Teshka, Chairperson Community Investment Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Real & Personal Property Tax Abatement Petition for: Tri-Pac, Inc. Dear Council Member Teshka: Please find the attached information pertaining to a real and personal property tax abatements petition submitted by Tri-Pac, Inc. to purchase a building located at 4303 Technology Drive, South Bend, IN 46628 and to purchase new manufacturing equipment. The company is planning to expand their presence in South Bend, Indiana. This petition package includes: D Department of Community Investment's summary report ➢ Petition ➢ Statement of Benefits forms (Real and Personal properties) ➢ Supporting information The report contains the Department's findings relative to the above petition. The petitioner proposes to purchase the building for $2,125,000, invest in its renovation approximately $1,000,000 and purchase new equipment with estimated cost of $2,000,000. A total project cost is approximately $5,125,000. A representative from Tri-Pac, Inc. will be available to meet with the Committee on Monday, September 28, 2020. 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 235-5823. Sincerely, Daniel J. Buckenmeyer Director, Business Development D.I.NIELJ. BUCxF.,,,mmmR ALKEm% AI.DRIDCF. PAbIEL NfnER TRT CORCOR.LN Busmxss DE%,EwntEhT EKCACE\IE%r & E(:oNoNuc EIIIgWF.RAIENT N�rEICHBORHOOD DEVELoPNENT Pt L%,NIKr. & CON�suNi tT RESOURCES EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 1400S County -City Building 227W. Jefferson Blvd. South Bend, Indiana 46601 p574.235.9371 www.southbendin.gov TAXABATEMENT REPORT TO: South Bend Common Council FROM: Dan Buckenmeyer, Director of Business Development SUBJECT: REAL & PERSONAL PROPERTY TAX ABATEMENT PETITION FOR Tri-Pac, Inc. DATE: September 23, 2020 On Wednesday, August 26, 2020, a petition from Tri-Pac, Inc. was received and subsequently filed with the City Clerk for real and personal property tax abatements consideration for property located at 4303 Technology Drive, South Bend, IN 46628. 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 ➢ Tri-Pac has been shifting primary focus towards Pharmaceutical and over the counter (OTC) manufacturing, a new business area that is quickly growing for the company along with Personal Protective Equipment (PPE) and hand sanitizers. The i company donated thousands of PPE and hand sanitizers to local hospitals and is now entered in the Indiana PPE portal to help more companies. i ➢ 40,000 sq.ft. building with purchase price of $2,125,000 and an additional $1,000,000 in planned private investment for building upgrades to operate manufacturing facility. ➢ Additional private investment in personal property — new manufacturing equipment with purchase price of $2,000,000. ➢ Current and estimated property taxes for a 10 -year period with and without private investment: Property Current Annual Property Tax Estimated Tax wto Private Investment for 10 Years Est. Tax with Private Investment for 10 Years Building & Renovation $29,703 $297,030 $411,502 Equipment — 5Y $0 $0 $111,000 Total: $29,703 $297,030 $522,502 EMPLOYMENT IMPACT Per this petition, it is estimated that the company will: ➢ Create twenty (20) permanent full-time jobs representing a total annual payroll of $748,800. The estimated hourly average wage is $18. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted, finds that the petitioner has been granted two tax abatements. a. 7-Y Real Property — Confirming Resolution #4673-17 b. 5-Y Personal Property — Confirming Resolution# 4677-17 2. The Area Plan Commission 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 River West Development Area. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a seven (7) year real property and five (5) year personal tax abatements under section 2-82.1, Industrial development in Urban Enterprise Zone and Redevelopment Blighted Areas, and section 2-84.2, Tangible Personal Property Tax Abatement. City of South Bend pubiiclnfrzstrvctureneeds( Petition for Incentives"> whrtis the slue of anyequipmont being prschued in Petition must include a$250 jiiing Jim payable b the city Oerl Office m online via the City's website at she of project in dollars) southbendin. w vernmen mann MN✓/ 9 /gas V Vtaxabprcment before pmessing can be complete Indiana for the project? General Information Project Name Project Number 422107 Legal name as registered with secretory of Tri-Pac, Inc. stare Business structure C Corporation Campanywebshe w w. tri-pac. us Proposed Project Information proposed project address 4303 Technology Drive Parentcompanyname City, staff, ZIP South Bend, IN 46628 Legal owner Patterson Logistic Services Inc she acreage oracreage required Is the real estae wood m Owned kaed Square feet of facaty 40,000 Sf If leased by whom Primary Contact Information Pdmay company contact name Vikram Shah Tale Resident Address of company contact 3333 NKenmore St Phone 574855-2197 eq'sffff•np South Bend, IN 46628 Email vikramshah@tri-p c. us Senterr OBlcial Information CompanysenioroHidalna se Same as above male Address a/ company contact (if dHaent fro phone above ciwrstata,nP Final CITY 0w1PAvYK'yr';vl Consultant Information/Agent Hired business consultanvagentrome Eric Levenhagen Consuftow release h/r4 �. Address OneAmenca Tower, l AmencanSquare, Suite 2800 Localemnomic devtlopmentpartners Y ravel Y N City. Starts. ap Indianapolis, IN 46282 avail eric.levenhagen@rsmus.com Project Overview edefdescdpdan ofywr Tn-Pac, Inc (TPI), which wasfounded asa Michigan Corporation in 2009, isa certified minontyuyned company, pct::tandwhythe bus ness for to mkey chemical contract manufacturing of aemsolsand liquids Vikram Shah is the Founder property is neceaayfor afterworld ng over30 years at Accra Pac in Elldlart,Indiana. TPI clientsinclude Fortune 500clienti, economic growth Department of Defense and othermultinational marketing companies T PI isISO 9001, ISO 14001 certified registered with FDA, EPA, TAR and DOD and compliant with ISO 18001 and ISO 13485. Products produced Include perional care. OTC, household, institutional producesand othersfor m i litary/security organization; but TPI hasbeen shifti rig primary focustowardsPharmaceutical and OTC manufacturing, a new busnes area that is quicldy growing forTPI along with Personal Protective Equipment (PPE)and had sanilizem The coin party donatedlhousandsof PPE and hand sanitizelsto local hoslitalsand !snow entered in the Indiana PPE portal to help more companies TPI iscumently considering stesin Indianaand Mlchgzn to purchase a new bui ldingforthis Healthcare/Pharma Industry growth with the South Bend site at 4303 Technology Drive the focuspoint for $1M building upgrade and $21A new equipment. TPI currently has over 40 blah staff in South Bend HO, but there is a plan b convert about 60 temporary, staff b full-time with this expansion- This new project would start with bass 0 staff as it would be above and beyond oligi nal project for HO relocation from Michigan for Indi ana in 2017 Certified Technology Park appropriate Yes Is mF) area? raremletject in aT=bso which arcmbl financing Yes, listed as 125 River West 1 -SB German 009 on property tax bill Building Permit has rid been Y refrctldandalanesoea0sdby, 0 Issued(Y/N)he if this is a petition for personal property tae abatement, has, N/Atheequipment been Installed Investment Details pubiiclnfrzstrvctureneeds( Has any 10al.nd.%b. whrtis the slue of anyequipmont being prschued in what is the wive a/anyequipmmtbtlng she of project in dollars) received? Indiana for the project? purchased from out ofstae kr the project $0 No $p $2,000,000 5 Of ice RU ONES H BEND, IN New Project lnves[ments lobs retained Total hourly Cumulative al of net NEWfull 6. Hourly weraee wage, ToWtmining ToWgtobe Calendar Year Land Pcpuhition Building Lease Payments Building Purchase Costs New Building Construction Existing Building improvements New Machinery& Equipment Special-Fooling/Retooling New Furniture/fixtures New Computer/n Hardware New Software On-s0e Rail Infrastructure On-site Fite r ln6astroRure 2020 2021 2022 2023 2024 2025 2026 2027 nrbonuses banuses.afcanulrtive not cumulative net new jobs cumuMive 5750.000.00 8250.00D.00 S18 $40,000 $1,000.000.00 S1,01R1,000.00 J2026: 2027 TOTAL $t. 7f .MOD $1.250.000.00 S $ 0.00 0.0q $ $ 0.00 $ 0.00 $ 0.00 0.00 Full -Time Permanent Indiana -Resident Positions by Calendar Year lobs retained Total hourly Cumulative al of net NEWfull 6. Hourly weraee wage, ToWtmining ToWgtobe wage w/o Mn permane ntpbs created a projed w/o be ne fits or eapenditum- trained -not nrbonuses banuses.afcanulrtive not cumulative net new jobs cumuMive 0 20 S18 $40,000 20 J2026: 2027 2028 2029 2030 2031 Provide hourly wage information for new employees in the following positions. Full Hire Part time Laborers $16 Technical $21 Managerial $35 rdnan6traWe 0 IN owi a •�n n uai respproible or mardinaWgr.Oh Paras WorkOne on recruiting? Shah Does yourcampany havean EEO hiringpogry Yes Me you an EEO emploYer7 Yes Please list the number offull time and part time minorityan d/or female employees for Pleasedescribeypurmmmitmentto the last thr Be years: each of dNenityand inclusion bydetaifngyour year outreach and re,nitmentefbrtsforthe last three years as well as cumentpolides. Full Tine Part Tune Fullime Part Full Time Pat Trane Time Bleck Hispanic AsWn Indian Fn de Complete below for Real or Personal Property Tax Abatement only. Please sign for all requested incentives. Public Benefit Item: Information is required on both the construction companies and the companies which will provide materials purchased for this project. Please complete the table below with the appropriate Information. if you qualify for the points, please enter the full amount of available points. Quaff (Yes or Na) Earned Points Available Points 1. Construction RelatedlCwnranor* A. Employ Local Companies (75%) Yes 20 20 B. Purchase Materials from Local Companies (75%) Yes 20 20 C Require Employees vs. Independent Contractors Yes 19 19 D. Require Prevailing Wage (Davis Baton) Yes 22 22 E. Require Health Benefits Yes 22 22 F. Require Pension Benefits Yes 18 1g G. I Maintain Affinnative Action Plan Yes 20 20 Subtotal Construction Related: 141 141 2 Wage & Bereft Related lowner): A. Pay Target wage Leveh Yes 33 33 B Provide Health Benefits Yes 34 34 C. Provide Pension Benefits Yes 29 29 D. Provide Training Yes 28 28 E. Pmvide Child Care No IS F. Provide Transportation Assistance No 14 G. I Provide Employer Assisted Housing program No 9 Subtotal Wage & Benefit Related: 124 162 3 gUMRelated: A. Create New Jobs Yes 42 42 8. Retain Existing lobs Yes 41 41 C. Maintain Affirmative Action Plan Yes 35 35 D. Provide Targeted Hiring Preference �� 34 34 Subtotal Workforce Rebted: 152 152 4 Su rt a Munk' Facir A. Support a SB Municipal Facility (donations to the zoo, conservatory, museum, etc.) Yes 84 84 Name of Facility South Bend Zoo Sub-bobl Municipal Faciray:as 84 Subtotal from Above: 501 539 The undersigned owner(s) of real property, located within the City of South Bend, herby petition the Common Council of the City of South Bend for areal and/or personal property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et seq., and South fiend Municipal Code Sec. 2-76 etseo.. for this petition state the above. Submitted By:Date: August26, 2020 For Staff Use Only BelowThis Line Mat is the current assessedvaluey Real Property: 1 990,100 ersonal Property. Whatt the projected asesmdvalue] Real Property. $1,800,000 renoral Property. What is the tex key number for UkproteQ7 025-1017-060204 What Is the six dight NAILS coder 325412 Peaseattach a G ooghe map and street view ofthe location. Attached Please list the mount of real end pnsoMl Property Imes Paid for the last rive years when applicable. Real Propertylaxes: Personal Property Taxes: 2019/2020 Year One $29,]03 YearTwo Yearthree Yearrout Yee Five Please fill out the following Public Benefit Summary Information and add to foal from above. r NJ Point Point Public Berseth Item: Project Rebate d: 5 A. Redevelop a Site that has Special Needs N 49 B. Develop Based on lnal University Research N 35 C Achieve a Physical Element of a Plan y 36 36 SubOotal Project Related: 12C 6 Super She Prolects [Doint values are cumulatNeP A. 100% to 199% Y 25 25 B. 200% w 299% 68 69 C 300% to 399% 65 65 D. 40D% and Over 52 52 MN Sub-ental Super She Project: 210 210 7 Pay for Municipal infrastructure: A. Pay for Oversizing or Upgrading 14 B. Pay for 2650% of Extension Cost N 26 C Pay for 51-75% of Extension Cost N 39 D. Pay for 76100% of Extension Cost N 52 Sub-Wt l Infrastructure Related: 131 Total from Applicant Section: 501 539 Total from Staff Section: 246 461 Total Public Benefit Points: 747 1000 F'ilod in'1Prk',s Office SEP a-1 ZINO I STATEMENT OF BENEFITS 1 L7;5)-A9V-N--M'-J'0-TTE—S—j REAL ESTATE IMPROVEMENTSCITY GLtK SOUTH FEND, IN State Form 51767 (R6 / 10.14) Prescribed bythe Department of Local Government Finance This statement is being compleed for reaIpropenythatclualifiesunder thefdloving Indana Code (check orebox): ® Redevelopment or rehabilitation Of real elate imprOvemeots (IC &1,1-12.1-4) t3 Residentially distressed area (IC 6-1.1-12.1 A.1) MSTRUCTIONS: 1. Thissfatenentrrustbesubnettedtodiebcdydwignatingne Ecmodc RevdalizationAreapriortoOepubfictx Infomafionf mthewDli tlnmkinallsdecisionabmtwhattertodesiona'eanEcononicReveafaationAm 20 20 PAY2LZI FORM SEA IReal Property PRIVA YNO E m ma ".a mare? ng t oft he pidttroper lv ands pdaeIrificsalaries popert Yao'xRiier aIsaxdidentialb peke 2. The slatemento/beneftsforrnmust besubnittedtothe designatingbodyandthaarea dasigrretedaneconomcrevdaltzation area before the inidatic the mdeveloprent ormhabiffetion forwtachthe person desires to olaima deduction. 3. Toobteinadeductkan,a Fam322/RErrustbefdedwdhthe CounlyAuofrorbefreWylOintheyeainwtictitteadcitiontoassessedvaluationis nodeornottaterthanttwtv(301daysaftertheass wmntao6ceisrreiedtothemmrlvawnerifdwasnailedaftwAodff0Aommdvowmrwh 4. ApropedyownwwhofYasforthededucticnnustpmvidethe ComtyAuddmarddesignatingbody Mi6 aFamCF-1/Reai Property. The FormCF-1/Rear Propedyshould bealtachedtothe Fc m322/RE when the deductionis firstclaimed and Penupdatedannuadyforeach yearthe deduction is applicable. lC 6-1.1-12.1$.1(6) 5. Fora Form SB-1/Rea' Pmpedyihatisappovedalkr June30,2013, the desgnadngbodyisrequired to establish an abaerrent schedule foreach dedpcfivle9osved Fora Form SB-1/Rsal Propedythat is approved prior to July 1,2013, the abaenentscheduleppmuedbythe designating body retrains in effect. IC 6-1.1-12.1-17 SECTION 1 TAXPAYER INFORMATION Name mtavaver ri-Pac, Inc. Address of tavayer (number and street, dtV, slate, and ZIP code. 3333 North Kenmore Street, South Bend, IN 46628 rre dfcDntact person Witram wn lelephone number I E-malladdress 574-855-2197 vikram.shah@tri-pac.0 SECTION 2 LOCATION AND DESCRIPTION Name of desienadnb Body OF PROPOSED PROJECT Resp utaan numdar South Bend City councillata! an of property _ _-. tax -Fa didistrictnumber 4303 Technology Ddee, South Bend, IN 46628Cganty ST JOSEPH 009 MWIPlIon a, real pulperty Improvements, "w1opment, or re ton t0r owulti tsuntedstart clate (monlF dI 9/15/2020 Building purchase with planned upgrades and modifications to R&D lab/equipment. Estooted mrryletron date (monl , ay,Ye 12/31/2021 SECTION 3 ESTIMATE OF r SALARIESAS RESULT OF PROPOSEDR Cuaentnumhar Salaries Numbe-reta:ned s 5:,hd.+ Nurnbe,addidonal Seems 0 0 0 20 $748,800.00 SECTION 4 ESTIMATED TOTAL COSTAND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST I ASSESSEDVALUE 1 it %dues Plusestimatedvaluesotproposedproject I 1$1,000,000 1$1,000,000 I Le$valuesofanvompertybelmmpLa d I Net estimated values SIco lellon I$1,0130.0DO SECTION e e AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated sclidwaste convected O o "&sa) ---- — ----- Estimated h mrdous waste converted (pounds) Other benefits SECTION I hereby vTy that one representations to t Is statement are true. August 26, 2020 Vikram Shah President Page 1 of 2 FUSE OF THE DESIGNATING BODY OR We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution, passed or to be passed under IC6-1.1-12.1, provides for the following limitations: A The designated area has been limited to a period of time not to exceed calendar years' (see below). The date this designation expires is 8. The typeof deduction that isallowed in the designated area is limited to: 1. Redevelopment or rehabilitation of real estate improvements D Yes D No 2. Residentially distressedareas D Yes D No C. The amount of the deduction applicable is limited toy !7 Other limitations or conditions (specilyJ E. Number of years allowed: D Year ❑ Year2 ❑ Year3 D Year4 ❑ Year5 ('seebelow) D Year6 D Year7 D Years D Yeeng D Year10 F. For a statement of benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17? ❑ Yes ❑ No If yes, attach a copy of the abatement schedule to this form. If no, the designating body is required to establish an abatement schedule before the deduction can be determined. We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benef its is sufficient to justify the deduction described above. Approved signature a or auififirlZeder of befighaderg Tetleptote number Dale signed (mi day year) F I.'Itec name d aJbon-ed menper at designar, holy Name of designating body Nested by (signaive and title W Slashed Pdntecl name of attester `If thedesignating body limits the time period during which an area is aneconomic revitalization area, that limitation does not limit thelangur of times taxpayer is ent6led to receive a deduction toe number of years that is less than the number of years designated under IC 6-1.1-12.1-17. A Forresidentially distressed areas where the Form SB-1/Real Property was approved prior to July 1, 2013, the deductions established in IC 6-1.1-12.14.1 remain In effect. The deduction period may notexceed five(5)years. Fora Form SB-1/Real Property thatis approved afterJune 30, 2013, the designating body is required to establish an abatement schedule foreach deduction allowed. The deduction period may notexceed len (10) years. (See IC 6-1.1-12.1-17 below.) B. Forthe redevelopment or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in of f ect. Fora Form SB-1/Real Property that Is approved after June 30. 2013. the designating body is required toestablish an abatement schedule foreach deduction allowed. (See IC 6-1.1-12.1-17 below.) IC 6-1.1-12.1-17 Abatement schedules Sec. 17. (a) A designating body may provide told business that is established in or relocated to a revitalization area and that receives a deduction under section 4 or 4.5 of this chapter an abatement schedule based on the following factors: (1) The total amount of the taxpayers investment in real and personal property. (2) The number of new full-time equivalent jobs created. (3) The averagewage of the new employees compared to the state minimum wage. (4) The infrastructure requirements forthe taxpayers investment. (b) This subsection applies to a statement of benefits approved sf ter June 30, 2013. A designating body shall establish an abatement schedule foreach deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction foreach year of the deduction. An abatement schedule may not exceed ten (10) years. (c) An abatement schedule approv, ed for a particular laxpay er before July 1,2013, remains in at act until the abatement schedule ex pines under the terms of the resolution approv Ing the taxpayers statement of benef its. Page 2 of 2 Fihd;i ', tOffice SEP L 1 2020 yam, ` STATEMENT OF BENEFITS a4 . _ PERSONAL PROPERTY Slate Form 51764 N4111-15) I DAM a r , Prescribed by the Department of Loral Government Firm1CITY CLERK. SOUTH 8 FORM SB -1 I PP 'i• r PRIVACY NOTICE I Any mlouration none ornin, u,, cos, of the properly not spedr2 snlar� Paid to individual employ.. by the property INSTRUC77ONS. ovrrmr k mnlWaMhl per IC &1 r-tx, o -s 1 1. This statement must be submitted to the body des'gnating the E040sno c Revitalization Ata prior to the public hearing If the designating body requires mformet On from the appi(caid In making its decision about whefber to deslgnale an Economic Revhaihnite n Aura. Ofhenvisa this statement must be Submitted to the designating body BEFORE as person installs the rtmv manufacturing equipment andror research and development equipfut and1w logfsfka/ OlsbrbUtyon equiPmerf and/or information technology equipment for which the Person wishes to claim a deduction. 2. The statement of benefits form must be submitted M the deslgnoung hotly and the area designated an economic revitalization area before the installation Ofqueidt abatable equipment for which the person desires In claim a deduction. 3. To obtain a deduction, a person must fife a cruto ed deduction schadille with the liaison's personal progeny mtum on a certified deduction schedule (Form 1g3 -ERA) with the township assessor, of the township where the proPeny is situaled or with the county assessoriffhem is run township assessor for the townsmp. The 103 -ERA must be filed between January i and May 15 of the assessment year in which rtew manufactu ut equipment an0br reseamn and development equipment andsw logistical distribution equipment and/or informatmn technology equipment is installed and fully Mndfenal, unless a flb'rg extension has been coffered. A person who Oblalns a filing extension must file the form between January 1 and the extended due date of mat year 4. Prupony owners whose Statement of Benefits was approved, must submit Form CF1/PP annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) 5. Fora Form SB-11PPmat is approved aaer June 30. 2013, the designating body is required to establish an abatement schedule toveach deduch'on allowed. Fora Form SB-I/PP that is approved priorfo July 1. 2013. the abatement schedule approved by the designating body remains in effect. (IC 6-1.1-12.1-17) Tri-Pac, Inc. Vik Sh h P Addrem oltavpayer rnvm6er and sheet dry, s!a/e, and Zip code) ram a , residWllt 3333 N Kenmore St, South Bend, IN 46628 Teiephorle number (574 )855-2197 Name or desgneling body South Bend City Council Resolution number Is) Location of property 4303 Technology Drive, South Bend, IN 46628 County DLGFleang dietrdnumber ST JOSEPH 009 Description of manufacturing equipment andlor research aM development equipment and/or logistical distribution equipment Matter mfommilion technology equtpmem. ESTIMATED (Use additional sheets if necessary.) START DATE COMPLETION DATE Manufacturing Equipment 9/15/2020 12/31/2021 New Pharma/PPE equipment purchases. R & D Equipment LOgai Dist Equipment IT Equipment Cmrenl number Sonoma Number retained 0 sale, Numberaddibamt Saltines 0 0 0 20 $748.8 000 • a •ol• --• NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the MANUFACTURING R & D EQUIPMENT LOGIST DIST COST of the property is confidential,COST A D COST D COST ASSESSED ASSESSED 1�LS Curren) values VALUE VALUE VALUE VALUE Plus estimated values of reposed pro act 20000 0 600000 Less values of any grope bein r aced Net estimated values Won core Ilm of pro ect 20 •10— 11 a . Estimated solid waste converted (pounds) •c Estimated hazardous waste converted (pounds) Other benefrls: SECTION 15 TAXPAYER CERTIFICATION I hereby worry that the repreaerltdllOn3 in this slate 11 are true, Signature of a ed ni resent ! r✓`��(' Date signed (month, dap year) August26,2020 Printed name Or authorized representative TI•e Vikram Shah President Page I of 2 We have reviewed our prior aclions relating to the designation of this economic revitalization area and rind that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under tC 6-1.1-12.1-2.5, provides for the following limilalions as authorized under IC 6-1.1-12.1-2. A. The designated area has been limited to a period of lune act to exceed calendar years' (see below) The date this designation expires is— NATE- This4i esfion addresses whether the reschwan contains an explanation date la the designated area B. The type of deduction that is allowed in the designated area is limited to: 1. Installation of new manufacturing equipmeng ❑Yes ❑ No ❑ Enhanced Abatement per IC 6-1.1-12.1-18 2 Installation of new research and development equipment; ❑ Yes ❑ No Check box If an enhanced abatement was 3 Installation of new logistical distribution equlprimi ❑ Yes ❑ Np approved krone armors of these types 4 . Installation of new information technology equipment, ❑ Yes ❑ No C, The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of S (One orboth lines maybe (fled out to establish avant, it desired.) D. The amount of deduction applicable to new research and development equipment is limited to S cast with an assessed value of S (One or both lines maybe filled our to establish a limit, i1 dearmad) E. The amount of deduction applicable to new logistical disribution equipment is limited to $cost with an assessed value of S (One orboth lines may be filled out to establish a limit, it desired.) F The amount of deduction applicable to new informalion technology equipment is limited to S cost with an assessed value of S.- (One or both lines maybe fried out to establish a limn, irdeak d) G, Other limitations or conditions faoecyN) H. The deduction for new manufacturing equipment and/or new research and develnpmenl equipment and/ornew logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction is allowed for: ❑ Year 1 ❑ Year 2 ❑ Year 3 ❑ Year 4 ❑ Year 5 ❑ Enhanced Abatement per IC 6-1.1-12,1-18 ElYearB Number of years approved: ❑ Year 7 ❑ Year 8 ❑ Year 9 ❑ Year 10 (Erfer one to bvenfy(1-20) years, may not exceed twenty (20) years,) I. For a Statement Of Benefits approved star June 30, 2013, did this designating body adopt an abatement schei per IC 64.1-12.1179 0 Yes ❑ No If Yes, attach a copy Of the abatement schedule to this arm. If no, the designating body is required to establish an ahatemenl schedule before are deduction can he determined, Also we have reviewed the information contained in the statement of Is"lis and find that the estimates and expeclafions are reasonable and have determined that 01e locality of cements is sufficient to justify the deduchon described dinner. Approved byt(sipnalure arta Glle of aulhodzetl member pl designe6rq LrMy) Telephonenumber Date signed(monlh, day, year) Printed name or au[har¢ed member d designafmg body Name of designating body rivesled by: Isipnali and Ale of adesled Printed name of aeester If the designating body limits de time period during which an area is an economic revitalization area, that limitation does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years that Is less man the number of years designated under IC 6-1.1-12.1-17. IC 6-1.1-12.1-17 Abatement schedules Sec. 17. (a) A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under section 4 or 4.5 of rhes chapter an abatement schedule based on the fogavai g factors (1) The total amount of the taxpayers investment in real end personal prupedy (2) The number of new, fult-lime equivalent jobs healed (3) The average wage of the new employees compared ,a the state minimum wage. (4) The infrastructure requirements far the taxpayer's Investment, (b) This subse dsch applies to a statement of borwfils approved after Junior 30, 2013. A designating body shall establish an abatement schedule for each deduction attained under this chapter. An abatement schedde must Specify de percmltage amount of the detluclion for each year Other deduction. An abatmmnl schedule may not exceed tan (10) years. (c) An abatement schedule approved for a particular taxpayer before Jury 1, 2013, remains in effect until the abatement schedule expires under the tenns of the resolution approving the taxpayer's statement Of benefls. Page 2 of 2 �n0 i F F. m A. Id 6alleA Lid -50f pue5 c. o 'Wid 6alleA 4dasof Jules oe o i OL _ ?J" F. 9 .) s 3 lig e 5' c M1J N T c Ol O o Y t m � 3 ♦Y � s .6 - a cr F. 9 .) s 3 lig e 5' c r\ °H. .. § ; §.# )- §■! � ; _ w §] WN § ■ !!§ ! 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Filed in Clerk's Office [StF 2 3 2Uz0 DAi<;;,; `jO,NrS CITY CLER';, ,D '1 H BEND, IN 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 4303 Technology Drive, South Bend, Indiana 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Tri-Pac, 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 4303 Technology Drive, South Bend, Indiana 46628, and which is more particularly described as follows: Business Personal Property and which has Key Numbers to be assigned, 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 seg., 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 seq., 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 Il. The Common Council hereby determines and finds that the proposed new manufacturing 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 below pursuant to Indiana Code 6-1.1-12.1-17. Year 1-100% Year 2- 100% Year 3- 100% Year 4- 100% Year 5- 100% 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. Karen L. White, Council President South Bend Common Council