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227 W. JEFFERSON BOULEVARD <br />So1rE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />September 7, 2016 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, 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 -72 <br />PHONE: 574/235 -9371 <br />FAx:574/235 -9021 <br />Filed in Clerk's Office <br />E SEP8 2016 <br />KAREEMAH FOWLER <br />C17'YCLERK, SOUTH BEND, IN <br />RE: Real Property Tax Abatement Petition for: Imagineering Enterprises, Inc. <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a real property tax abatement petition for <br />Imagineering Enterprises, 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. Imagineering <br />Enterprises, Inc. will be investing approximately $500,000 in the expansion of their current <br />facility along with purchasing and installing approximately $3,000,000 of new equipment. <br />Imagineering Enterprises, Inc. is a metal finishing company with two locations in South <br />Bend and one in Indianapolis. This expansion will add additional services to their current <br />product offerings. Most notably, the addition of the Anodize process (a chemical process) <br />will allow Imagineering Enterprises to increase their revenues by an estimated 15 -20% and <br />create additional jobs for the community. The project meets the qualifications for a (6) six <br />year real property tax abatement. A representative from Imagineering Enterprises, Inc. will <br />be 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 />Aaron Kobb <br />Director Economic Resources <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />TIM CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB <br />