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Home My WebLink About20-34 Designating Real Property Tax Abatment for Tri-Pac, IncCITY OF SOUTH BEND COMMUNITY INVESTMENT September 23, 2020 Council Member lake 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: Filed in Clerk's Office LSEP 23 2020 DAWN M. JONES CITY CLERK, SOUTH (SEND, IN 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: ➢ 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,�Nimi. BUCKE.NMETRR ALKEVM1:\ AI iumE P..WELA MEVER 11u CORCOPWN BUSINms DEVELOP]IE\T ERCAOEME-, r & ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOP\IE\T PL�NHIKC & Comxfu%iTS RvsouRcu EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 1400S County -City Building 227W. Jefferson Blvd. South Bend, Indiana 46601 p574.235.9371 www.southbendin.gov TAX ABATEMENT 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 company donated thousands of PPE and hand sanitizers to local hospitals and is now entered in the Indiana PPE portal to help more companies. 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 Estimated Tax w/oI Est. Tax with Private Annual Private Investment for i Investment for 10 Property Tax 10 Years Years Buildine & Renovation $29.703 1$297.030 $411.502 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 Public infrastructure needs (Off Petition for Incentives whatis Mev.]ueofwyequipmw,tbeingpumhasedin PetWon must include a $250 J%k g fee payable to the City Oerk's Office w onkne via rhe 011y's website at sneofprojedindollars) hnp.//s"bendin.gav/government/contentA—a botement befweprocessing con be compere Indiana for she project? General Information Project Name Project Number 422107 Legal name as maiste red with Secretary of Tri-Pac, Inc. state Business structure CCorporation Company webshe www.trkpac.us Proposed Project Information Proposed protea address 4303 Technology IDrlveParent company name City, sum, aP South Bend, N 46628 Lep]owner I Patterson Logistic Services Inc site acreage oracreage requiredb tha real estate owned or Ownedeased square feet at facility 40,000 sf dleasedbywhom Primary contact Information Primary company contact name Vikram Shah Title President address of company camtad 3333 NKenmore Sl Phone 574-855-2197 City, State, sip South Bend, IN 46628 anwl vikram.s hah@tri-p i c.usl Senior Official Information Company senior official name Same as above address of company camact (if different fro Phone .hose C]ty,stNe,Zip Email 101. Consultant Information/Agent Hired business ccasultaut/a,atrare, Eric Levenhagen ConsunanValease tT/t4 Y address OneAmerica Tower, l American Square, Suite 2800 Local economic developmentpartnos, Y rowl v H Otv.state,Lp Indianapolis, IN 46282 Erall eric.levenhagen@rsmus.com Project Overview Brief description of your Tn-Pac, [no (TPI), which wasfounded asa M�. ch igan Corporation i n 2009, isa certified minorityavned company, pagcq and why the bus ness for tumkey chemical Contract manufacturing of aemwis and liquids. Vi loam Shah isthe Founder Property is necessary for afterwoddng over 30 years at Accra Pac in El khart,Indiana. TPI cl ientsmcl ode Fortune 500 dients, economk growth Department of Defense and other multinational marketi rig wen paries TPI isISO 9001, ISO 14001 certified registered with FDA, EPA, TAR and DOD and compliant with ISO 18001 and ISO 13485. Products produced include personal care, OTC, household, instilutonal productsand othersfor mi litarylsecudty organizations, but TPI hasbeen shifti rig primary focustowalds Pharmaceutical and OTC manufacturing, a new business area that is quickly growing forTPI along with Personal Protective Equipment (PPE) and ham sanitizers. The wen parry donated thousandsof PPE and hand sanitizersto local hospitalsand is now entered in the l ndiaw PPE portal to help more companies TPI iscurently considering stesin Indiana and Michigan to purchase a new buildingforthis Healthcare/Pharma industry growth with the South Bend site at 4303 Technology Drive the focuspoint for $1M building upgrade and $2M new equipment. T PI currently has over 40 total 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 base 0 staff as it would be above and beyond original potted for HO relocation from Michigan to Indi ane in 2017. Cerdhed Technology Park appropriate Yes tat )area? Ifo which? (TIF area? If in.7scbP Yes, Yes, listed as 125 Rizer West 1 -SB German 009 on property tax bill p I) Y Ce that the Building Permit has not been Y Nurnbarof resldenaal unbs created by () issua P otect Hthis is a petition for personal pronenytaa abatement,ha N/A Neequipment been insisted Investment Details Public infrastructure needs (Off Hasany504funding be whatis Mev.]ueofwyequipmw,tbeingpumhasedin What], the value ofany equipment being sneofprojedindollars) receiredP Indiana for she project? purchased from out ofsttle for the project $0 No $0 $2,000,000 CJffice ;LU INES H BEND, IN New Prosect investments Calendar Year Land Mvukkkm Building Lease Payments Building Purchase Costs New Building Construction Existing Building lmprouements New Machineryg ENuiprient Spedd TOOBng/ketooling New Fu miture/Fixtures New Computer/M Hardware New Saftware On-site Rail Infrestrutture On-site Fiber mfraslrvRure 2020 2021 2022 2023 2024 2025 2026 2027 $750,000.00 $250,000.00 SI000.00000 51,0110,00000 TOTAL $1. 750,000.00 $1,250.000.00 $ $ 0.00 0. 1 $ $ 0.00 $ 0.00 $ 0.00 0.00 Full-Time Permanent Indiana-Resident Positions by Calendar Year Cakndar Year lobs retained Total hourly were w/o frin or bonuses Cumulative aof net NEN full three permanent jobs creates rt project Hourly several wage, w/o benefits or bonuses, of cunuladve netnewjobs ToWtraining ToWktobe expenditure- tnoed-not or cm uulative cumulative Me 0 20 $18 $40,000 20 2021 2022 2023 2024 2025 2026 202] 2029 2029 2030 2031 Provide hourly wage information for new employees in the following positions. Full Ome Part time Laborers $ 16 Technical $21 Managerial $ 35 Administrative 0 owi a em i sea rtmorsl le formordlnatbgvvMa Worl on recreating] Pares Shah Does your cornpany have an EEO hiringpotq Yes Me you an EEO employer] Yes Please listthe number off ull time and part time thelastthr minorityan d/orfemale employees for eeyears: each of Fleasedescribewurnxnmahnentlo dIvenityandincbsien bydetaigngyaur Year outreach and recniwent.fbrtsforthelmt three years as well as clrn!ntpolides. Full Time Pan Time Fuli Time Part Full M. Time partrune Black Hispank Aslan Indian Female 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. Qualify (Yes or No) Earned Points Available Points 1 Construction Related (Contractors), A. Empty Loral Companies (75%) Yes 20 20 B. Purchase Materials from local Companies (75%) Yes 20 20 C Require Employees vs. l ndependent Contractors Yes 19 19 D. Require Prevailing Wage (Davis Bacon) Yes 22 22 E. Require Heath Benefits Yes 22 22 F. Require Pension Benefits Yes 18 Is G. Maintain Afftmative Action Plan Yes 20 20 Subtotal Comtructon Related: 141 141 2 Mile&Be RelaWd Owner' A. Pay Target Wage Levels Yes 33 33 S. Provide Health Benefits Yes 34 34 C. Provide Pension Benefits Yes 29 29 M Provide Training Yes 28 28 E. Provide Child Care No 15 F. Provide Transportation Assistance No 14 G. Provide Employer Assisted Housing program No 9 Subtotal Wage & Benefit Related: 124 162 3 Workfarce Related: A. Create New Jobs Yes 42 42 B. Retain Existing lobs Yes 41 41 C- Maintain Affimiative Action Plan 35 35 D. Provide Targeted Hiring Preference �Yes / 1 nin 34 34 Subtotal Workforce Related: 152 152 4 Su rt a Mu I Fad : A. Support a SB Municipal Facilty(do nation to the zoo, conservatory, museum, etc.) Yes 84 84 Name of Facility South Bend Zoo Sub -total Municipal Facility: ea 94 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 sea., and South Bend Municipal Code Sec. 2.76 et sea., for this petition state the above. August 26,2020 For Staff Use Only BelowThlb Line Whack the cummassessd vtlue7 Real Property: $990,100 enantl Property: Mat is roe prokcted messadvalue7 Real Property: $1,800 0()p ensonel Property: What is the W key nambertor thleprojea7 025-1017-060204 What Is the six dlglt NAILS code? 325412 Please attach a Google map and street view ofthe location. Attached Please list the amount ofreal and personal property faxes paid for the hist five yeas when applkable. Real Property Taxes: Personal Property Tories: 2019/2020 Year One $29.]D3 YewT vo YeerTh ee Year Pour Year Five Please NI out the follovAng PubfK Benefit Summary Information and add to total from above. r N Points Paints — Publk Benef t Item: ProJaRReh d: 5 A. Redevelop a Site that has Special Needs N 49 B Develop Based on local University Research N 35 C Achieve a Physical Element of a Plan Y 36 36 Subtotal Project Related: 12C 6 S.per Size Protects k a err umulative A. 100% to 199% y 25 25 S. 200% to 299% Y 68 68 C 300% to 399% Y 65 65 D. 400% and Over y 52 52 Subtotal Super Size Projects: 210 210 7&v for Municipal Infrastructure: A. Pay for Oversizing or Upgrading N 14 B. Pay for 265096 of Extension Cost N 26 C Pay for 5175% of Extension Cost N 39 D. Pay for 76300% of Extension Cost N 52 Sub-total Infrastructure Related: 131 Total from Applicant Section: 501 539 Total tram Staff Section: 246 461 Total Public Benefit Points: 747 1000 Filod in .^,le,rk's Office SEP 17 ZO20 ^a STATEMENT OF BENEFITS �q�/NM. 0 Est e REAL ESTATE IMPROVEMENTS CIT1 CLt I( 5G. 0 S State Form 51767 (R6 / 10-19) , IN I Prescribed by the Department of Local Govemmen(Finance Thisstalement isbeing completed farealpmpenythatqualifimunderthefdlowirg Indiana Code (check one box): ® Redevelopment amhabililaton of real edge improvements (IC 6-1.1-12.1A) ❑ Residentially distressed area (IC 6-1.1-12.14.1) INSTRUCTIONS: 1. ThisstaterrentrrustbambtdttedtoMebolvdecionatinarhe Ecanonic Revitalization Amanriormmenuhlich 2. The staterrentofbenelnsformiust besubaittedto thedesignafingbody andtheareadesignatedaneconone the mdevelopmnt orrehobifilationtorwNchthe person desires to clatma deduction. 3. To obtains deduction, a F=322/RE must be fled with the CountyAuclforbetare May 10 intheyearin which 4. 2020 PAY20JI FORM SB -1 IReal Property PRIVACYN TI E Any Iat on mnrer ng t tart olthe proper) y a nd specifi c salaries paldta indiudualemdoyees bythe property ovmer IsmnB6den[ial per 1.-121-. wishes 10. Propedyshoukd beattachedtothe Form3221RE whenfhecieduction is firstdaw ed andlhenupdatedmnwlytoreach yearthe deduction isapplicable. IC 6-1.1-12.15.1(b) 5. Fora Form SB-1/Rea Pmpedyfhatisappmvedatler June 30, 2013. the desgmdngbcdyismquiredtoestablisp an abatement schedule toreach deduclioaeEowed. Fora Form SB-1/Rea Propedythat is approved prior to July 1,2013. the abatement schedule approved bythe designating body rens rosin effect. IC 6-1.1-12.1-17 SECTION•. Nacre a tagaser Tri-Pac, Inc. Address of taxpayer (number and street, dyi, state, and ZIP ode) 3333 North Kenmore Street, South Bend, IN 46628 Mine or comactperson Warm Snan telephonenumber E-mah address ( i 574-855-2197 vikram.shah@tri-pac.0 SECTION 2 LOCATIONAND DESCRIPTION Name of downs inb body OF PROPOSED PROJECT Remi.utwn num er South Bend City Council location of waperty County oLGF taang dlstnct num r 4303 Technology Drive, South Bend, IN 46628 ST JOSEPH 009 MWImOn 01 (eal property i w Doman , ar re a can r ry7- E$tLwlld Stan date mon ay, Year 9/15/2020 Building purchase with planned upgrades and modifications to R&D lab/equipment. Estimated tanowon date(month, day, ye 12/31/2021 SECTION 3 ESTIMATE OF EMPLOYEES • SALARIES AS RESULT OF PROPOSED PROJECT P:r.ant number Selanas Num:ere. .a ne' s 4:da:ie+ Number •dditpnal Saknes 0 '� 20 $748,800.00 TOTALSECTION 4 ESTIMATED •• • PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSEDVALUE i it C�aenl clues Pluse3i matedvaluesofpreposed project 1$1,000,000 x$1,000,000 1 Leava l uesof anvprooenv b ema replaced Net estimated values upon com letion of Wgect j$1,000,wo $1,000,000 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solidwaste converted (pounds)--------- Estimated haardous vas(e converted (pounds) Other benefits SECTION 6 TAXPAYER CERTIFICATION I hereby cent y [ attfie representations in this statement are true. August 26, 2020 Vikram Shah President Page 1 of 2 FOR USE OF THE DESIGNATING 13ODY 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 I C 6-1.1-12.1, prov ides f or the f ollowng 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 S. The typeof deduction that isallowed in the designated area is limited to 1. Redevelopment ormhabililation of realestate Improvements D Yes D No 2. Residentially distressed areas D Yes D NO C, The amount of the deduction applicable islimiled toy D. Other limitations or conditions (apeOlty) E. Number of years allowed: D Year ❑ Year2 ❑ Yaai D Yei ❑ Year5 I' seebelow) D Year6 D Year? D Year6 D Yei D Yei F. For a statement of benefits approved afterJune 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 bene( its is sufficient to justify the deduction described above. Approved Isgnarve e a rztramper a mWWng Telephone number Dale sigrrtd (rmnfh, Wy, ye. Printed nane of adhaizetl nenoer of designating body Name oldesognalln, Cody Aftei W (s,mum arxi Atle a aaesied Rinlei name of alasM *If thedesgnating body limitsthe time period during which an area is aneconomic revitalization area, that limitation does not limit the engdr of times taxpayer is entbled to receive a deduction to a number of years that is leas than the number of years designated under IC 6-1.1-12.1-17. A Forresidermally 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 affect_ The deduction period may notexceed five(5)yeam, Fora Form SB-1/Real Property thatisapproved afterJune 30, 2013, the designating body is required toestablish anabalement schedule foreach deduction allowed. The deduction period may notexceed ten (10) years. (See IC 6-1.1-12.1-17 below.) B. For the 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 effect. Fora Form SB-1/Real Property that Is approved afterJune 30, 2013, the designating body is required to establish an abatement schedule foreach deduction allowed (See IC 6-1,1-12A.17 below.) 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 this chapter an abatement schedule based on the fallowing 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 slate minimum wage. (4) The infrastructure requirements forthe taxpayers investment. (b) This subsection applies to a statement of benefits approved afterJune W. 2013. A designating body shall establish an abatement schedule for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction foreach y earof the deduction. An abatement schedule may not exceed ten (10) years. (c) An abatement schedule approved fora particular taxpayer before July 1, 2013, remains in effect until lheabatement schedule expires under the terms of the resolution approving the taxpayer's statement of benefits. Page 2 of 2 FIIPri ir. r• _ ; rel' ice STATEMENT OF BENEFITS SEP l 1620 PERSONAL PROPERTY State Form 51764 (R4111-15) OAWN M. J NE! Prescribed by the Depadmenl off- mal Government FinaICITY CLERK, SOUTH B FORM SB -1 I PP A" "farms ban concerning the cent o1 the p bm I; specific srtaritw paid to maia,doel umployads by the properly IAFSTRUC77ONS owner is wNidenaal per IC &I 1-12. Fa 1 1 This statement must be submitted to the body designating the EcOrmmlc Revitalization Area prior to the public hearing i/ the designating body requires mtomnatign nom the applicant In making its decision about whether to desgnale an Econivid: Revitalization Area. Ofherwise this statement must be submitted lo the designating Will, BEFORE a person installs the nem maindWi sing equipment andAzr rosaaren and development equipment, and/or logistical is fabuthon equipment andlor information leehn0409Y 094et mem for which the person wishes to dam a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated do economic revitelizafion area before the installation olqua/dying abatable equipment for which the person desires m c/amr, a deduction 3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal property reliant an a certified deduction schedule (Form 103 -ERA) with the mHanshlb assessor of the township where the property is satiated or with the county assessor;/than, is no township assessor for the township, The 103 -ERA must be. filed between January 1 and May 75 of the assessment year in which new manutectudng equipment andrbr research and development equipment anWa logistical distribution equipment andror information tachnolegy equipment !s Installed and fullyPorwYionab unless a aGrg extension has been obtained. A person who obtains a hang extension must life the tom between Jarwary i and the exlrnded due date of that year 4. PrOtiOny owners whose Statement of Benefit; was approved, must submit Form CF f/PP annually to show compliance with the Statement of Benefits. (IC 5 Fora Form SS- 1/PPthat is eopmved after June 30. 2013, the designafirg body is required to establish an abatement schedule for each deduction allowed Fora Form SS-uPP that is approved priorto July 1. 2013, the abatement schedule approved by the designating body remains in effect (ICS -1.1421-17) Inc. mmacl person nShhP Address or taxpayer (number and sl reef, city, stale, and ZIP CMe) o a resident 3333 N Kenmore St, South Bend, IN 46628 Teiepbom number SECTION ( 574 )855 2187 2 LOCATION D DESCRIPTION Name of designating body 71 awasillatil South Bend City Council Rewlulipm nurMer (s) Lo Mon MpropeM 4303 Technology Drive, South Bend, IN 46628 County DLGF taxing dkirlot number ST JOSEPH 009 Dasctiptimi Of manufacturing equipment a,dill research and deve:opmen: equipment and/or 10099lslical distribution equipment andfor information techiiotogy agwp (Use addrbVnalsheetellnecressary.) re ESTIMATED START DATE COMPLETION DATE Manufacturing Equipment 9/15/2020 12/31/2021 New Pharma/PPE equipment purchases- R&D R d D Equipment Dist Equipment IT Equipment Current number Salaries Nvmbenetained 0 Sala:,cc Numper,ddNonal Salaries 0 0 0 20 746 0000 NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the MANUFACTURING E NPM R & D EQUIPMENT LOGISTOIST IT EQUIPMENT COST of the properly is confidential' COST ASSESSED IF, COST ASSESSED ASSESSB AS COST VALUE Current values VALUE VALDE COST ALSSED LIE Plus estimated values of proposed pro eel 20000 600000 Less values of any property being r Isced Net estimated values upon Completion of pro ect 2000000 Annonn ' •AJ Estimated solid waste convened (pounds)Estimated hazardous waste converted (pounds) 00er benefits: — SECTION 6 1 Hereby cemty that the represemat(ons in this stalel are true, s Signaturectaul - ed rc nesmd Date signed (month, day, year) August 26, 2020 Primed name of eathorized representativeTitle Vikram Shah President Page 1 of 2 the have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets Ne general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1.12.1 2.5, provides for the following limitations as authorized under IC 6-1.1-12.1-2. A. The designated area has been limited to a period Of time Phil to exceed calendar Is years' (see below) The date this designation expires NOTE' This question arddresses wir,mer the re30"ber contains an expiration date Ior the designated area. S. The type o(deduclibn that Is shoved in the designated area is limited to 1 Installation of new manufacturing equiprrlenl; C Yes C No 2. Installation ofnew research and development equipment; C Yes ❑ No 3 Installation o(new Iogistl al distdbulion equlpmeol. C Yes ❑ No 4 . Installation of new information technology equipment, Oyes C N o C. The amount at deduction applicable 10 new manufacturing equipment is limited to 3 5 (One orboth lines maybe Idled out to establish a limit, h desim l) D. The amount of deduction applicable to new research and development equipment is limited to 5 6 . (One or both lines maybe riled out to establish a limit, iI desired.) E. The amount of deduction applicable to new logistical distribution equipment is limited to6 6 . (One orboth lines may be filled out to establish a limit, if desked.) F. The amount of deduction applicable to new mfounailon technology equipment is limited to S _ 5 (One or both lines may be filed out m establish a limit, Hdestrei G. Other limitations or conditions (sone iM C Enhanced Abatement per IC 6-1.1-12.1-16 Check box Ilan enhanced abatement was approved for one or more of these types cost with an assessed value of with an assessed value of cost with an assessed value of cost with an assessed value of H. The deduction for new manufacturing egnipmenl andmr new research and development equipment and/or new logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction is allowed for: D Year 1 D Year 2 ❑ Year 3 D Year 4 D Year 5 D Enhanced Abatement per IC 6-1.1-12.1-18 ❑ Number of years approved: Year ❑ Year ❑ Year ❑ Year D Year 10 (Enter one to fwenty(1-2A) years; may not exceed husmy (20) years,) 1 Fora Statement If enefits approved after June 30, 2013, did this desg noting body adopt an ahatament schedule per IC 6-1.1-12.1-177 C Yes D No If yes, allach a ropy of the abatement schedule m this form. If no. the designating body Is required to establish an abatement schedule before the deduction can be delermtrmtl. Also we have ranixi d the information contained in the statement of benefits and rind that the estimates and expectations are reasonable and have determined that the totality of benefits is suf6rent to justify the deduction described above. Data ' If me designatinbody limits the time period during which an area is an economic revitalization area, that limitation does not limit the length of lime a taxpayer Is eniitteg tl to receive a deduction to a number of years that Is less than the number of years designated under IC 6.1.1-12.1-17. IC 6-1.1-12.1-17 Abatement schedulas Sec. fl. (a)A desigmr8ng body may provide to a btsinai Thal is established fn Or relocated to a revitalization area and Aa( receives a deduction under section 4 or 4.5 Of this chapter an abatement sc rodwe based On the following factors. - (1) The total amount Clint taxpayers ulvesbrcnt in mal er d personal property (2) The number of new full -lime equivalent jobs created. (3) The average wage of the new employees Compared tc the stale minimum wage. (4) The infraslruche a requirements far the taxpayer's bnvestmem. (b) This subsection appose, to a Statement ofbeheri approved aner June 3% 2013. A designating body Shan establish an abatement scnedula far each deduction allowed under this chapter. An abalement schedltle must aper fy the percentage amou d of the deduction for each year of the deduction, An abalernenl schedule may not exceed len (10) years. (c) An abatement schedule approved for a particular taxpayer before July 1, 2013, remains in effect until the abatement Schedule expires untler the terms of the resolution approving the taxpayer's statement Of benerds. Page 2 Of 2 F F' 3 �-Id F.apeA ydasof 1111e5� s A+9d FalleP, 4daso( nie5 s s �+ o= 001 xg Y � c 0 u z`. N m a r °§ 0 N 0 T ^ o n o _ d xg Y £!2 ( ) § & # ;] °!#§ ; ■ � f°° �022 �k ) § \ | £ �! °|| m0 / >0 ,: ; )i !!2 to } |! ,, ®` i � • || }\ \\)j\ <uz *) !j!] !! 'A oo RIO a o o � S o } a e o r n ci 2'v OQ o10 d° O O W W YI NOIS �' Z W'0 00000 S O a O M I '� G a° a' 00 m J r 0 0 0 0 0 m M 2 Mx M 0 0 0 0 o O O E F D W N l7 lh N N V US a N m O O O N d J � N N } m ? 0000 O Q N C G U m U m a d N 0 i m O O p p � 00 deN Z X I O� 0000 a OO Y NN x C X fD d m m vi a } d` oo p 2 m U 8 U c Q E C dd p J N y J J N y N O Y 2 Uma N N U� U a G N X F « d W U Cl) r L C ' a N C h C m sa G C N L `ml .-NMV in E } 3 d m d d d d d } } } } } w d d m m o 00 F O C m G cop m OO D d " V } o 0 0 0 n d t7 r,0 E ¢ mm a !4 Q) x ca oa C7 '� m d C E L C d .d, Qj Q O C m p O O O O ate. [Qn� d oa 3 m =� U o v m = E Q N V J w � G � 3 h l d 2. a >U d N d Eam J d a Z a S .� d d C l0 Y d E NOIS �' Z W'0 00000 S O a O M I '� G a° a' 00 m J r 0 0 0 0 0 m 2 Mx M O O O O O O O O O N O N E F D W N l7 lh N N V US a N m N d d J � N N m ? dJ a m V> J N� Q N C G U m U m a d 0 i m O O p p f d Z X I O� U N ,.Mo. C N Y NN x C X fD d m m vi m2 rnEa M Z d` F U Z 2 m U 8 U c Q E C dd p J N y J J N y N O Y 2 Uma U� U ~ d 8 0 0 0 N N M M N N m 0 0 0 0 0 O 2 Mx M O O O O O O O O O N O N E F D W N l7 lh N N V US m W N i m O O p p O d Z X I O� n 0 0 0 0 0 N O O O O O N x Y 3X L C y J W V N X F « d W r L C ' a N C C m sa N L `ml .-NMV in E } m d d d d d } } } } } w d d m m o � m d F T N C m O � d " V m D m n d a ca oa m d C E d .d, Q O a d 3 m v m = E V J w � � 3 BILL NO. 20-34 RESOLUTION NO. I Filed in Clerk's Office [SEP 2 3 2020 CITYCLUERK SOUTT N , 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, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR Tri-Pac, Inc. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area located at 4303 Technology Drive, South Bend, IN. which is more particularly described as: Landmark Business Park Sec Six Part Two Lot 16 and which has a Key Number 025=1017-060204 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, petitioner has agreed to and has accepted responsibility to report any changes in the final legal description and to report the final, appropriate Key Number to the Department of Community Investment and to the Office of the City Clerk; 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 that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development; B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed described redevelopment or rehabilitation; D. That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed redevelopment or rehabilitation; E. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and F. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code § 6-1.1-12.1-3. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the Statement of Benefits, Sections 1 through 3 of the Petition for Real Property Tax Abatement Consideration and the Memorandum of Agreement between the Petitioner and the City of South Bend, and that the 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 § 6-1.1-12.1-3. SECTION IV. The Common Council hereby accepts the report and recommendation of the Community Investment Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to three (3) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of seven (7) 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 - 95% Year 3 - 90% Year 4 - 85% Year 5 - 80% Year 6- 75% Year 7- 70% e Tax Abatement to be published pursuant to Indiana SECTI_� The Common Council directs the City Clerk to cause notice of the adoption o this Declaratory Resolution for Real Property Abatement providing notice of the public Code § 5-3-1 and Indiana Code § it o 6-1.1-12.1-2.5, pro 5, said publication hearing before the Common Council on the proposed confirming of said declaration. SECTIO , This Resolution val by the Man full force and effect from and after its adoption by the Common Councilpp Karen L. White, Council President South Bend Common Council