Laserfiche WebLink
227 w. IW1M9WBoar.EVA= <br />SUrr8140D S. <br />So=Bmw,1N 46601 -1930 <br />August 17, 2016 <br />CITY OF SOUTH BEND PME BUT 10MG, MAYOR <br />COMMUNITY INVESTMENT <br />Council. Member Gavin Ferlic, Chairperson <br />Community investment committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal. Property Tax Abatement Petition for. 3B Tecb, Inc. <br />Dear Council. Member Ferlic: <br />Bill No. 16 -66 <br />raors:5741735 -4371 <br />FAX: 5741.235 9021 <br />Filed in Clerk's Office <br />AUG 17 2016 <br />KhREEiU AKFt3WLER <br />CITYCi.ERK SOUTH BD JD, IN <br />Please find the attached information pertaining to a personal property tax abatement <br />petition for 3B Tech, Inc.: <br />➢ Department of Community Investment's simmnnary report <br />➢ Copy of the petition <br />➢ Statement of Benefits form <br />➢ Supporting information. <br />The report contains the Department's findings relative to the above petition. 3B Tech, <br />Inc. will be purchasing and renovating the old. Invacare facility. This will enable them to <br />continue to grow their brand and e- commerce businesses, remain iu South Bend, and <br />expand their workforce. 3B Tech plans to renovate the existing warehouse with new <br />racking, automaton, and support equipment. At the same time, they plan to expand the <br />existing tech room and add a lab to support in house R&D for new products. 3B.Tech4 <br />Inc. plans to spend approximately $640,000 on the purchase of new equipment along <br />with $200,000 towards building improvements:. The project meets the qualifications for a <br />(5) five year personal property tax abatement A representative from 3B Tech, Inc. will <br />be available to meet with the Committee on Monday, August 22, 2016. <br />Should you or any of the off= Council members have any questions coming the <br />report; or need additional information, please feel free to call me at 235 -5823. <br />Sincerely, <br />, 4 /e-r-t <br />Aaron Kobb <br />Director of Economic Resources <br />PLANNING NXIGHMMM001) EMAG OWZ4T BUMM Ds MIn F=N0WCRM0MtGW <br />'iIq�CQRCOMAN PAMM AC. MEM SAIANPAWIQVPSK[ AARONKOBB <br />