City of Mishawaka Awards Financial Services Contract to United Petfood Producers Usa (March 2026)

Real property: $11,000,000 expansion (estimated assessed value $7,700,000; estimated tax bill $267,000/year; approx. $770,000 abated, $500,000 paid over 5 years). Personal property: $19,000,000 equipment (estimated assessed value $13,300,000; estimated tax bill $444,000/year; approx. $1,300,000 abated, $900,000 paid over 5 years). Total plan investment over $30,000,000.

FINANCIAL_SERVICES

Five-year tax abatement period starting when full assessed valuation of new real property and personal property improvements is placed on the tax rolls, within a four-year Economic Revitalization Area window.

Five-year phased abatement with a four-year Economic Revitalization Area window; if the company does not complete investments within four years, only improvements completed within that period qualify and later investments receive no abatement. Abatement expires automatically after the five-year phase-in following full assessment, with annual compliance reviews by the city.

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