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HomeMy WebLinkAboutConfirming Tax Abatement - Bamar Plastics Inc. 1702 S. Robinson St. (5 Year Personal Property)Attest. RESOLUTION 4440 -15 Passed by the Common Council of the City of South Bend, Indiana April 27, 15 20 . Presented by me to the Mayor of the City of South Bend, Indiana April 28, 2015 City Clerk Vice President of Common Council Approved and signed by me �J �a 20IS- City Clerk =-Z] RESOLUTION NO. q (0—[ J A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1702 S. Robinson St., South Bend, IN 46613 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Bamar Plastics, Inc. 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 1702 S. Robinson St., South Bend, IN 46613 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; 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 with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea . SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED '4-0-0- t -0 `0 140T AMOM 4 -o -ti, A Filed ire 4*i -k,9 d��R� -7 201 JOHN CITY CIXRK, SOUP END, IN 227 W. JEFFERSON BOULEVARD SUITE 1400 S. SoarH BEND, IN 46601 -1830 April 6, 2015 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR COMMUNITY INVESTMENT SCOTT FORD, EXECUTIVE DIRECTOR Council Member Gavin Ferlic, Chairperson Community Investment Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Personal Property Tax Abatement Petition for: Bamar Plastics, Inc. Dear Council Member Ferlic: PHONE: 574/235 -9371 FAX: 574/235 -9021 Please find the attached information pertaining to a personal property tax abatement petition for Bamar Plastics, Inc.: ➢ Department of Community Investment's summary report ➢ Copy of the petition ➢ Statement of Benefits form ➢ Supporting information. The report contains the Department's findings relative to the above petition. Bamar Plastics, Inc. will be purchasing and installing approximately $360,000 of new equipment to meet market demands and acquire new customers. The project meets the qualifications for a (5) five year personal property tax abatement and a representative from Bamar Plastics, Inc. will be available to meet with the Committee on Monday, April 13, 2015. 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 Cv / Brock Zeeb Director Economic Resources Attachments ' cc: South Bend Common Council Members Mayor Pete Buttigieg Scott Ford Chris Fielding Filed in C at?,'s Office i=R, -7 2015 JOH41 CITY CLERK, SOU T H SEND, IN PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES JmN KAIN PAMELA C. MEYER CHRIS FIELDING BRDCKZEEB TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: BROCK ZEEB SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: Bamar Plastics, Inc. DATE: April 6, 2015 On Monday, April 6, 2015, a petition from Bamar Plastics, Inc. was received and subsequently filed with the City Clerk for personal property tax abatement consideration for property to be located at 1702 S. Robinson St, South Bend, IN 46613. 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 ➢ New vertical rotary press being purchased to meet market needs and to help attract new customers ➢ New project taxes — $30,883 ➢ Estimated taxes being abated during five year abatement period — $14,156 ➢ Total taxes to be paid on new and existing equipment over the next five years — $16,727 EMPLOYMENT IMPACT Per the petition, it is estimated that the total project will: ➢ Create 2 -3 permanent, full -time and zero (0) permanent, part-time jobs within the first year, representing a new annual payroll of $20,800 - $31,200 per job ➢ Maintain (0) zero existing permanent full -time and (0) zero existing part-time jobs with a payroll of $0. ➢ The project will create 2 -3 jobs over ten years with a payroll of $208,000- 312,000 per job. PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES Jaw KAIN PAMELA C. MEYER CHRIS FIELDING BROCK ZEEB ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted, finds that the petitioner has not been granted or associated with any previous abatements. 2. The Building Commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. A review of the South Bend Redevelopment designation areas finds that the property is located in the South Side Development Area. 4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the qualifications for a (5) five -year personal property tax abatement under section 2 -84.2, Tangible Personal Property Tax Abatement. April 6, 2015 p. 2 Bamar Plastics, Inc. Loffice 5 END, IN M N O n O N fC N f00 aOD N f00 W N N } 0_ C6 N OO N r 000 o a! 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Submitted By: Date: Staff Use Only Please fill out the Public Benefit Summary Information and add to the total from above. BAMAR PLASTICS INC. Personnel Policy Manual Personnel Policy Manual Flied in Clerks$ Office SECTION I r Q%5 C/n CC RR� VOORD FORWARD K, SpUT.M FN D,�N This Policies and Procedures Manual is intended to answer questions, clarify answers, and give definition to specific areas regarding the day -to -day operations of Bamar Plastics Inc., the Company. It is designed to be a positive tool to aid you in your job with the Company. The policies and procedures presented in this manual shall be in effect until changed by the President or General Manager of the Company. If it is necessary to make changes, employees will be notified, in writing, of those changes and their effective date. Any policy, procedure, or questions not covered in this manual will be considered and a decision rendered by the President or General Manager of the Company. I am sure you will agree, when the rules and responsibilities are known and observed, a smooth running organization will result. EQUAL OPPORTUNITY Applicants will be hired on the basis of experience, training, personal background, and the potential for growth within the Company in order to continue to be a successful company. There shall be no discrimination based on religion, age, sex, race, physical handicaps, veteran's status, or national origin. It is the intent of the management that equal opportunity will be provided in all promotions, wages, benefits, and other privileges, terms, and conditions of employment. AT WILL EMPLOYMENT It is the policy of the Company that all employees who do not have a written, individual employment contract with the Company for a specific, fixed term of employment are employed at the will of the Company for an indefinite period. Employees who do not have a separate, individual written employment contract are employed at the will of the Company and are subject to termination at any time, for any reason, with or without cause or notice. At the same time, such employees may terminate their employment at any time and for any reason. Revision D 03/06/2014