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227 W.IEFrERSONBOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />September 8, 2016 <br />CITY OF SOUTH BEND PETE Bur mim, MAYOR <br />COMMUNITY INVESTM- +off <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 />Bill No. 16 -68 <br />PHONE: 5741235 -9371 <br />FAX: 574/235 -9021 <br />in Clark's office <br />E SEP,Q 8 2016 <br />KAREEMAH FOWLER <br />CIIYCLERK, SOUTH SEND, IN <br />RE: Real Property Tax Abatement Petition for: Industrial Metal -Fab, Inc. <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a real property tax abatement petition for <br />Industrial Metal -Fab, Inc..: <br />Department of Community Investment's summary 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. Industrial <br />Met -Fab, Inc. will be investing approximately $400,000 in the new building construction <br />and the expansion of their current facility along with purchase and installation of <br />approximately $120,000 'of new equipment. Industrial Metal -Fab, Inc. is a full service <br />metal fabricator employing highly trained operators in the processes of CNC profiling, <br />forming, welding, and machining. Their diverse customer base includes the energy, <br />construction, and agricultural industries. This expansion will serve as additional storage <br />to make their overall operations more efficient as well as the ability to house new <br />machinery leading to growth. The project meets the qualifications for a (6) six year real <br />property tax abatement. A representative from Industrial Met -Fab, Inc. will be available <br />to meet with the Committee on Monday, September 12, 2016. <br />Should you or any of the other Council members have any questions concerning the report, <br />or need additional information, please feel free to call me at 235 -5823. <br />Sincerely, <br />/Z-C- f <br />aron Kobb <br />Director Economic Resources <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONomic REsOORCEs <br />TIM CORCORAN PAMELA C. MEYER BRIAN PAW LOWSKI AARON KOBB <br />