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227 W. 7&FFER5oN BOULEVARD <br />SurrE 1400 S. <br />SourH BEND, IN 46601 -1830 <br />September 8, 2016 <br />CITY OF SOUTH BEND PETE Burri o, 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 />Bill No. 16 -70 <br />PHONE: 5741235 -9371 <br />FAx: 574/235 -9021 <br />Filed in Clerk's mice <br />SEP,0'8 ZQ16 <br />KAREEMAH FOWLER <br />CRYCLERK, SOUTH SEND, IN <br />RE Personal Property Tax Abatement Petition for: Industrial Metal -Fab, Inc. <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a personal property tax abatement <br />petition for 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 (5) five year <br />personal property tax abatement. A representative from Industrial Met -Fab, Inc. will be <br />available 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 />" �,f /Z -, el <br />Aaron Kobb <br />Director Economic Resources <br />PLANNING NEIGHBORHOOD ENGAGEMENT BusINEss DEVELOPMENT ECONomicRESOURCES <br />Tnbl CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBE <br />