HomeMy WebLinkAboutConfirming Tax Abatement - Chase Plastics 5233 Dylan Dr. (5 Year Personal Property)Attes
RESOLUTION
4405 -14
Passed by the Common Council of the City of South Bend, Indiana
November 10, 14
20 .
November 12, 20 14
Approved and signed by me
� T
City Clerk
dent of Common Council
20 ,*.
_City Clerk
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RESOLUTIONNO.
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
5233 Dylan Drive
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
CHASE PLASTICS
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
1902 West Sample Street, South Bend, Indiana, and which is more particularly described
as follows:
613.6' E.n. N.e. & 613.6'
E Side S.e.n.e Ex: 4.718 Ac to
State and Ex Irr Tract Nel /4 Nel /4
And ex Irr tract cont 5.26 ac +/-
18-38N-2E 9.155 ac tot
12/13 split to 025 -1010- 017002
Per 1111301/08/09 missed and fixed in 2013
Split to 04- 1010 - 017001
00 -01 Split Trans 12204 2/9/1998
Annxd 06 -07 per Ord 9587 -05
09/10 Pt to Ptg Prairie Manor #2
10 /11 pt to ptg Prairie Minor #3
Beg 910.31' from the NW %4 of
38 2e thence Ne 345.46'
Thence Se 919.19 thence SW 958.27'
Thence Nw 731.96 thence Ne 445.17'
Thence Nw 187.23' thence Ne 167.04
To point of Beg cont 5.26 Ac +/-
Lot 1 Portage Prairie
Minor #2
RP 1732 04 -03 -08
and which has Key Numbers 025- 1010 -0170, 025- 1010 - 016902, and 025 -1010- 017002
be designated as an Economic Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5;
and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for personal property tax abatement only
and is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted personal property tax deduction for a period of five (5)
years as shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 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 wit 2, Article 6,
of the Municipal Code of the City of South Bend and Indiaya -Code 6- 1.1 -12 asecl.
SECTION III. This Resolution shall be in full
adoption by the Common Council and approved by
YKESENTED
NOT APPROV0
after its
Council
Filed in 61 rk's Office
:)QT <22 ZQ1,4
.iOHN Voo-R
CITY CLERKS, SOUTH SEND, IN
227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
SCOTT FORD, EXECUTIVE DIRECTOR
Council Member Gavin Ferlic, Chairperson October 6, 2014
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
Dear Council Member Ferlic:
PHONE: 574/235 -9371
Fax: 574/235 -9021
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 a new
distribution center at 5233 Dylan Drive.
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
$265,000. The project meets the qualifications for a (5) five -year personal property tax abatement and
a representative from Chase Plastics will be available to meet with the Committee on Monday, October
27, 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 me at 235 -9339.
Sincerely,
?3/ V
Brock
Director Economic Resources
Attachments
cc: South Bend Common Council Members
Mayor Pete Buttigieg
Scott Ford
Chris Fielding
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
JITIN KAM PAMELA C. MEYER CHRIS FIELDING DONALD E. INKS
227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
SCOTT FORD, EXECUTIVE DIRECTOR
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: KATHY HAHN
SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR:
CHASE PLASTICS
DATE: October 6, 2014
PHONE: 574/235 -9371
FAX: 574/235 -9021
On October 6, 2014 a petition for personal property tax abatement consideration for property located
at 5233 Dylan Drive, South Bend, is filed with the City Clerk by Chase Plastics. 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
The proposed project is the purchase and installation of new equipment at their new distribution
center which is being constructed by CBK Land Development LLC. Chase Plastics is the tenant.
The equipment will cost $265,000.
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
11TM KAIN PAMELA C. MEYER CHRIS FIELDMG DONALD E. INKS
November 21, 2013
Page 2
South Bend Common Council
Total taxes to be abated during the (5) five -year abatement period are estimated at $10,783. New
project taxes will be $22,791. Total taxes to be paid over five years on the new and existing
equipment are estimated at $12,008.
EMPLOYMENTIMPACT
Per the petition, it is estimated that the total project will: (a) create I (one) permanent, full -time and 0
(zero) permanent, part-time jobs within the first year, representing a new annual payroll of $27,480
and (b) will maintain 12 existing permanent full -time and 0 (zero) existing part-time jobs with a
payroll of $430,000. The project will create 13 jobs over ten years with a payroll of $400,000.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted, finds that the petitioner has not been granted
or associated with any previous abatements.
2. The Building Commissioner has reviewed the petition and finds the property to be properly
zoned for the proposed project.
A review of the South Bend Redevelopment designation areas finds that the property is located
in the Airport Economic Development Area.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the
qualifications for a (5) five -year personal property tax abatement under section 2 -84.2, Tangible
Personal Property Tax Abatement.
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-`°
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[ a i t v_ , .; ; 025- 1010 -0170; 025.1010- 016902; 025- 1010. 017002 (to be
subdivided in one legal lot)
Whaf istha six dlgit.NNICI +Cotle7 '� 5 x
424610, Foam, Plastics, resins and shapes, merchant wholesalers
please e�acha GOpgle Map an 3fieet vieWOf the rrakl q r
AlI2CI18d
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26
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131
7 Total from Applican(Secnon / --'
350
539
3bfa�ffrom StafTSe'Ltion z S
-- K r
TatalPubllc6enefit Points
377 461
727
1000