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HomeMy WebLinkAboutConfirming Tax Abatement - Lock Joint Tube LLC. 515 W. Ireland Rd (5 Year Real Property)Attes RESOLUTION 4359 -14 Passed by the Common Council of the City of South Bend, Indiana May 12, 14 20 . Presented by me to the Mayor of the City of South Bend, Indiana _ May 13, 20 14 City Clerk dent of Common Council Approved and signed by me 11jr4 ! 14 20-ft- City Clerk RESOLUTION NO. L�3S"i -L A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 515 WEST IRELAND ROAD AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR REAL PROPERTY TAX ABATEMENT FOR LOCK JOINT TUBE, LLC 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 515 West Ireland Road, South Bend, Indiana, and which is more particularly described as: A parcel of land located in the Southeast Quarter (S.E. 1/4) of the Northeast Quarter (N.E. 1/4) of Section Twenty -Six (26), Township Thirty -Seven (37) North, Range Two (02) East of the Second (2nd) Principal Meridian and all being in Center Township, City of South Bend, St. Joseph County, Indiana and being more particularly described as follows: Commencing at the southeast corner of the Southeast Quarter (S.E. 1/4) of the Northeast Quarter (N.E.1 /4) of said Section Twenty -Six (26); thence South 90'00'00" West (Bearing derived from description shown in Title Commitment 9501843 ) as issued by St. Joseph Title Corp.), along the south line of the Southeast Quarter (S.E. 1/4) of the Northeast Quarter (N.E. 1/4) of said Section Twenty -Six (26) and also being along the centerline of a public road now known as Ireland Road, a distance of 400.00 feet; thence North 01 °30'47" East, parallel with and 400.00 feet west of the east line of the Southeast Quarter (S.E. 1/4) of said Section Twenty -Six (26), a distance of 40.01 feet to the Point of Beginning of this description, said point of beginning being on the north right of way line of said Ireland Road and also being the southwest corner of a parcel conveyed to Roger R. Atwell and Eleanor Atwell as described in Quit Claim Deed No. 9416618; thence South 90° 00'00" West, along said north right of way line of Ireland Road and being parallel with and 40.00 feet north of the south line of the Southeast Quarter (S.E. 1/4) of the Northeast Quarter (N.E. 1/4) of said Section Twenty -Six (26), a distance of 891.36 feet to a point on the west line of the Southeast Quarter (S.E.1 /4) of the Northeast Quarter (N.E.1 /4) of said Section Twenty -Six (26) and also being the southeast corner of a parcel conveyed to Louanne Osborne as described in Warranty Deed 9326881; thence North 00 058'55" East, along the west line of the Southeast Quarter (S.E.1 /4) of the Northeast Quarter (N.E.1 /4) of said Section Twenty -Six (26) and also being along the east line of said parcel conveyed to Louanne Osborne and also along the east line of a parcel conveyed to Transit Mix, Inc. as described in Warranty Deed 9018257, a distance of 955.26 feet to a point which is South 00 °58'55" West -- 314.00 feet from a stone found at the northwest corner of the Southeast Quarter (S.E.1 /4) of the Northeast Quarter (N.E.1 /4) of said Section Twenty -Six (26); thence North 89 °42'44" East, along the south line of two (02) parcels conveyed to Miles Laboratories, Inc. as described in Warranty Deed 7903212 and Warranty Deed 8501215, a distance of 1270.41 feet to a point on the west right of way line of a public street now known as Lafayette Street; thence South 01 °30'47" West, along said west right of way line of Lafayette Street and being parallel with and 30.00 feet west of the east line of the Southeast Quarter (S.E. 1/4) of the Northeast Quarter (N.E.1 /4) of said Section Twenty -Six (26), a distance of 602.05 feet to the northeast corner of a parcel conveyed to Arthur Fontonelli and as described in Warranty Deed 9335926; thence South 90 °00'00" West, along the north line of said parcel conveyed to Arthur Fontonelli and also being along the north line of a parcel conveyed to Arthur Fontonelli as described in Corporate Warranty Deed 9335926, a distance of 370.00 feet to the northwest comer of said parcel conveyed to Arthur Fontonelli; thence South 0 1 °30'47" West, along the west line of said parcel conveyed to Arthur Fontonelli, a distance of 360.00 feet to the Point of Beginning of this description. and which has Key Number 023 - 1013 -0758 a/k/a 71- 08 -26- 200 - 014.000 -002, 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 Real 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 Real property tax deduction for a period of up to such years as set forth in the title of this resolution, 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 seq. SECTION III. This Resolution shall be in full force and effect Common Council and approved by the Mayor. PRESENTED -�-` t ( AOY APPROVED ` 60PTM after its adoption by the Filed ire Vice Err' °I I Z014 ++� _J JOH;� CITY CLERK, 3UJ' A SEND, IN 227 W. JEFFERSON BOULEVARD SDrrE 1400 S. SOUTH BEND, IN 46601 -1830 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR Apri11o,2014 COMMUNITY INVESTMENT SCOTT.FORD-.EXECUTIVE DIRECTOR Council Member, Chairperson (Cjiavin j er is Community Investment Committee South Bend Common Council 4th Floor, County -City Building South Bend, IN 46601 RE: Real Property Tax Abatement for: Lock Joint Tube, LLC Dear Council Member Ferlic: PHONE: 574 /235 -9371 FAx:574/235 -9021 With the real property improvements, the Company now qualifies for a five real property tax abatement. In our initial report to the Common Council the Department of Community Investment explained that the Company would qualify for a five to seven year real property abatement depending on their selection of contractors. The Company has since informed our department that they do not intend to submit contractor information. Hence, they now qualify for a five year real property abatement. The project cost is $1.1 million in new building construction for a 30,000 square foot addition and $2,048,900 for existing building improvements. It is estimated that the projects (they have petitioned for a personal property abatement) will create six to eight new, permanent, full -time jobs within the first year of production representing a payroll of $189,000 to $251,000; and the projects will maintain one hundred ninety-three (193) existing, permanent full -time and no existing, part-time jobs representing an annual payroll of approximately $10,300,000. A representative from Lock Joint Tube will be available to meet with the Committee on Monday, May 12, 2014 Should you or any of the other Council members have any questions concerning the report, or need additional information, please feel free to call at 235 -9339. 1 � __ _- - .__ Sincerely 2 Br6c1c eZ eb " " Director Economic Resources Attachments cc: South Bend Common Council Members Deputy Mayor Mark Neal Scott Ford Chris Fielding Fled in C =. r: FAPR 1 1 CITYCLENt , g: , M4 PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES JITM KAIN PAMELA C. MEYER CHRIS FIELDING DONALD E. INKS e mlFiled In C1.6jk' .. M m M m M OWN m m N } M M NM —q y N NMp sp FAPR 11 20 14 JOHN voc A W N WW" CITY CL�n+ \� SCi�! }� �"�'�ID, ? d M m m N M O m d' aD V IN }N mWN M W N� W Into '- O O M O �- N L6 N M M N m N m OMONMN io ORM @ O W MNN �"' m M m W W M O a m WWm O m z @I a aN0 CL }Nbm W M (O� m W N — O m a N N T Via) d' N M O a°0 Lq � m m m N m M m m W r N th � th r e N OmNM o mOm mM W ry� MI�Nm V m O @Omm(q m W W m@ M m N m M O O m N m Lq @ W W M m I6 m } N(O thN O a � Oi N I� n Q O W SIAM N MO14°W vi m min I�M� M N M V N m 3 °o °o o °o memo °o °u\i o °o mna x mmmmm n .o. .0 L M W O yMmmM M �- v! O0 Z@ 0 0 0 0 0 O f� } �WU ar 0 m~ mm mm tm0 j M .- —� — W � NMtMN U« �NM N Y O W o N Q 3comom a mWm WMW 3u� d@ mmmmm m m X o a� o m m L E M m M m M m m O O O m y m V 0 x Z.3 @ m m m m m d' <v M M > m m W M T .d ~ O O O O O N m U -i City of South Bend Petition for Incentivesr �€ Petition must include a $250 filing fee payable to the City Clerk's Office before processing can be complete General Information Project Name LOCK JOINT TUBE Project Number Legal name as registered with Secretary of LOCK JOINT BE LLC Business stucture Indiana limited liability, company Companywebske ww•w.ljtube.com Proposed Project Information Proposed project address 515 West Ireland Road Parent company name City, State, Zip South Bend, Indiana 46614 legalowner Site acreage or acreage required Existing Site ( -20.56 Acres) Is the real estate owned or Owned Square feet of facility Primary Contact Information - 30,000 SF Addition to 288,000 SF Bldg, N leased by whom N/A Primary, compa" contact name Robert Strzeleold This Controller Address of companYcontact 515 West Ireland Road Phone (574) 299 -3455 City, State, Zip South Bend, Indiana 46614 Email strzeleckib@Ijtube.com Senior Official Information Company senior official name (Same as above) Title Address of company contact (if different from Phone City, State, Zip Email - Consultant Information/Agent Nired business consultant/agent name Richard Deahl/Barnes & Thorn burg LLP Consultantretease lY /N) I Counsel (yes) (Y ) Address 100 N. Michigan Street, Suite 700 Local economic development partners a royal N City, state, zip South Bend, Indiana 46601 Email rdeahl @btlaw.com Project Overview Brief description of your - why Lock Joint Tube, LLC (the "Company" or "Petitioner") manufacturers mechanical and structural grade steel tubing in Indiana company, project, and the (and other states) for use in various industries, including (among others) automotive, recreational vehicle, office /furniture, property is necessary for healthcare and construction. The proposed project includes new investment of approximately: economic growth (a) $1.1 MM - $1.SMM in a building addition/expansion containing approximately 30,000 square feet to be used for additional manufacturing space (and to facilitate the reconfiguration of storage and shipping areas) at the Company's main facility on W. Ireland Road, and (b) $3.5MM- $4.00MM in new manufacturing equipment and new logistical distribution equipment to increase the Company's production capabilities and efficiencies. The Company's proposed investment supports the Company's continued expansion of the types of products it can produce and deliver to customers, its overall capabilities and its competitive position within the steel tubing market. CertlBed Technology Park appropriate WA Community Revitalization Enhancement District N/A Certify that the Building Permit has not been Yes (Not Issued) Numberdf;res(dentlaf uhitsveateA f!Y ', N/A athls is a petition for personal propertytax abatement, has the ul mem been installed No New Project Investments Calendar Year 2014 2015 Land Acquisition Building Lease Payments Building Purchase Costs New Building Construction $ 1,100,000 Existing Building Improvements $ 2,048,900 New Machinery, &Equipment $3,500,000 Special Tooling/Retooling New Furniture /futures New Computer /IT Hardware New Software On -site Rail Infrastructure On -eke Fiber Infrastructure TOTAL Full-Time Permanent Indiana-Resident Positions by Calendar Calendar Year Jobs retained Total hourly Cumulative wage w/o permanent hinge or bonuses 2016 2017 2018 2019 2020 2021 Year g of net NEW full time jobs created at project Hourlyaveraaewage,w /o Totaltraining Totalgto be benefits or bonuses, of expenditure- trained -not cumulativenetnewjobs not cumulative cumulative 2014 - 193 (Ireland Rd Only) $10.3MM 6 -8 Full Time $15.08 Internal All New Jobs 2015 Payroll( -$189k -$251 k) 2016 2017 2038 2019 2020 2021 2022 2021 2024 2025 Fulltime Parttime Laborers 6 -8 Full Time Technical 70 Managerial Administrative Who win et the Individual reipMill, a lot coordinating wish WorkOne on recrul'n7 Tony Veger, Human Resources for Lock Joint Tube Doesyourcompany have.. EEO hiring policy] Yes Are you an EEO employer? Yes ' the last three Year 2013 years: 2012 -- 2011 Please describe your commitment to diversify and inclusion by detailing your outreach and recruitment efforts for the last three years as well as current policies. Full Time Black 22 Part Time - Fulltime 17 Part Time - Full Time 11 Part Time - Hispanic 10 - 10 - 6 - Asian 2 _ 2 - 2 - Indian Female 45 40 25 Other Complete below for Real or Personal Property .. 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 (Contractonw. A. Employ Local Companies (75 %) To Bid 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 Bacon) TBD 22 E. Require Health Benefits TBD 22 F. Require Pension Benefits TBD 18 G. Maintain Affirmative Action Plan TBD 20 Sub -total Construction Related: 39 141 2 Wage & Benefit Related (Owner)• A. Pay Target Wage Levels Yes 33 33 B. Provide Health Benefits Yes 34 34 C. Provide Pension Benefits Yes 29 29 D. Provide Training Yes 28 28 E. Provide Child Care No 0 15 F. Provide Transportation Assistance No 0 14 G. Provide Employer Assisted Housing program No 0 9 Sub -total Wage & Benefit Related: 124 162 3 Workforce Related: A. Create New Jobs Yes 42 42 B. Retain Existing Jobs Yes 41 41 C. Maintain Affirmative Action Plan No 0 35 D. Provide Targeted Hiring Preference No 0 34 Sub -total Workforce Related: 83 152 4 Support a Municipal Facility: A Support a 58 Municipal Facility (donations to the zoo, conservatory, museum, etc.) 84 Name of Facility Sub -total Municipal Facility: 84 Sub -total from Above: 246 539 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 a real 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 seg.• for this petition state the above. For Staff Use Only Below This Line what is the current assessed value? Real Property: Personal Property: What is the projected assessed value? Real Property. Personal Property: What Is the tax key number for this project? What is the six digit NAILS code? Please attach a Google map and street view of the location. Please list the amount of real and personal property taxes paid for the last five years when applicable. Real Property Taxes: Personal Property Taxes: Year One Year Two Year Three Year Four Year Five Please fill out the following Public Benefit Summary Information and add to total from above. Y orN Points Points Public Benefit Item: Project Related: 5 A. Redevelop a Site that has Special Needs No 0 49 B. Develop Based on Local University Research No 0 35 C. Achieve a Physical Element of a Plan No 0 36 Sub -total Project Related: 0 120 6 Steer Size Projects 1point valuesarecumulativel: A. 100% to 199% Yes 25 25 B. 200% to 299% Yes 68 66 C. 300% to 399% Yes 65 65 D. 400% and Over No 0 52 Sub -total Super Size Projects: 158 210 7 Pay for Municipal Infrastructure: A. Pay for Oversizing or Upgrading - No 0 14 B. Pay for 26 -50% of Extension Cost No 0 26 C. Pay for 51 -75% of Extension Cost No 0 39 D. Pay for 76- 100% of Extension Cost No 0 52 Sub -total Infrastructure Related: 0 131 Total from Applicant Section: 1246 539 Total from Staff Section: 1158 461 Total Public Benefit Points: 1404 1000 1) How do I pay my petition filing fee? Your petition filing fee can be paid either in person or via mail to: City Clerk's Office Attn: Deputy City Clerk 227 West Jefferson Blvd.. Suite 400 S South Bend, Indiana 46601 2) Certified Technology Park appropriate? (Page one, under project overview) In the South Bend area there are only two Certified Technology Parks, Innovation Park and Ignition Park. If your property is not located in either then the answer would be no. 3) Community Revitalization Enhancement District? (Page one, under project overview) The map below outlines the CRED area, please check to see ifyou fall within the boundaries. CREeD District Boundary Graca 6 Star, South � fill ' Ford O /ire, oW y J Poland E Dunham Fisher To Tud Sample Karr Ohio Geist s u 3 19nflbn stun c i 5 _ E _ Broadway SP U '— Edward v Haney Legend i; v m ,�, N A OCREeo DisNCI hills. Intl¢nd S somn eena Fauls g 3 's 4) Has any 504 funding been received? (Page one, under investment details) 504 Funding is a loan that come from the Small Business Administration. This fundingmust be applied for to be received. 5) Total training expenditure - not cumulative (Page two, under full time Indiana resident positions) The amount of money to be spent per year on training over the course of the project. 6) Total number to be trained - not cumulative (Page two, under full time Indiana resident positions) The amount of people that you will train per year over the length of the project. If you have any additional questions that are not addressed by this document, please contact Sarah Heintzelman in the Department of Community Investment at 574.235.5842 or email at sheintzePsouthbendin.gov