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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SoLrr[-I BEND, INDIANA 46601-1830 <br />PxoNE574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY BL .ECONOMIC DEVELOPMENT <br />JEFFREY V GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />STEEL WAREHOUSE CO., LLC <br />DATE: September 10, 2009 <br />On September 4, 2009, a petition for personal property tax abatement consideration for property <br />located at 1400 West Riverside Drive was filed with the City Clerk by Steel Warehouse Company, <br />LLC. Pursuant to Chapter 2, Article 6, Section 2-84.2 of the Municipal Code of the City of South <br />Bend, this petition was referred to the Department of Community and Economic Development for <br />purposes of investigation and preparation of a report determining whether the area qualifies as an <br />Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have <br />been met. <br />The Department of Community and Economic Development has reviewed the petition, investigated <br />the area, and makes the following report. <br />PROJECT SUMMARY <br />Steel Warehouse is a steel service center focusing on flat rolled, low carbon steel, with operations <br />involving slitting, leveling, pickling, temper rolling, shearing and cold reducing. The company also <br />supplies profiling parts using its plasma and laser cutting operations. In connection with its <br />operations the company takes substantial positions in steel products for future sale and marketing of <br />same to its customers. Under the proposed project Steel Warehouse plans to acquire and install <br />releveling equipment to condition armor plate steel in preparation for burning parts, either by the <br />company or third parties. The process will involve the use of the company's temper mill to level <br />special alloy steel, having subcontractors heat treat the steel, and then returning the steel to the <br />company for releveling. These processes will allow the company or third party processors to <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM <br />PAMELA C. IVIEYER DONALD E. INKS MANAGEMENT <br />574!235-9660 574/235-9371 ELIZABETH LEONARD <br />FAX: 574/235-9697 5741235-9371 <br />