HomeMy WebLinkAboutConfirming Tax abatement - 1400 West Riverside Drive - Steel Warehouse Company, LLCRESOLUTION
3995-09
Passed by the Common Council of the City of South Bend, Indiana
October 26,
Attest:
City Clerk
President of Common Council
zo 09 .
.,Presented by me to the Mayor of the City of South Bend, Indiana
October 27, 20 09
~1
Approved and signed by me October 28, 20 09
1- ~ ~`'`"'~~
City Clerk
RESOLUTION NO. ~ ~ lS ~~
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
1400 WEST RIVERSIDE DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
STEEL WAREHOUSE COMPANY, LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, has
adopted a Declaratory Resolution designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
1400 West Riverside Drive, South Bend, Indiana, and which is more particularly
described as follows:
Beginning at the Southeast corner of the Southwest'/4 of said, section 35; thence South 89 49' S2"
West (bearing assumed) along the South line of said section, 308.97 feet; thence North 89 55' 00"
West, 116.24 feet; thence North 00 00' 27" West, 12.00 feet to the North line of a 12 foot alley;
thence North 89 55' 00" West along said North line of alley; the East line of Kessler Boulevard,
128.00 feet South 89 55' 18" East of the Northeast addition to the City of South Bend recorded
April 6, 1906 in the Plat Book 0, pages 30 and 31; thence South 89 55' 18" East along the South
line of King Street, 352.84 feet; thence North 00 00' 27" West, 194.85 feet to a point the centerline
of the East and West 14 foot alley between King Street and McCartney Street produced East;
thence North 00 06' 09" East, 128.81 feet; thence North 89 46' 49" East 287.05 feet to the
Westerly line of Riverside Drive; thence South 16 37' 15" West along a chord subtending said
Westerly line of Riverside Drive, 455.43 feet to the South line said section 35; thence North 90 00'
00" West along said South line, 156.71 feet to the point of the beginning.
Commencing at the Southeast corner of the '/< of said section 35; thence North 00 00' 30" West
(bearing assumed) along the East line of said Southwest'/4 a distance of 463.14 feet to the Point of
Beginning for the following described tract; thence continuing North 00 00' 30" West along said
East line 336.00 feet to the South line of Queen Street; thence South 89 56' 09" West along said
South line of Queen Street 176.60 feet, thence North 00 02' 36" Est. 195.00 feet to the centerline
of the East and West 14 foot alley between Kinyon Street and Queen Street; thence South 89 56'
09" West along said centerline of alley, 131.27 feet; thence South 00 06' 09" West along the East
line of Lot 145 in the Third Plot of Northwest Addition recorded March 7, 1907 in Plat Book 9,
page 60 in the Office of the St. Joseph County Recorder and its Northerly and Southerly
extensions, 195.00 feet to the South line of Queen Street; thence South 89 56' 09" West along
Allen Street; thence South 00 OS' S 1" West along said East line of Allen Street, 329.87 feet to the
South line of McCartney Street; thence South 89 58' 27" East along said South line of McCartney
Street, 12.91 feet; thence South 00 06' 09" West 6.11 feet; thence North 89 56' 09" East 308.71
feet to the Point of Beginning.
and which has Tax Key Numbers 018-2110-4065 and 18-2110-4067, as an Economic
Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5;
and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for Personal property tax abatement only
and is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted Personal property tax deduction for a period of (5) five years,
and further determines that the petition complies with Chapter 2, Article 6, of the
Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et sew.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
c
Member of the Common Counci
PRESENTED..,.. ~ ~-2-~-Qg
FIOZ APPRO.VfD
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Fal~ai~ In ~~~1'~a'~ ~~#sce
S EP 1 8 2009
JOriN vOGRDE
CITY CLEIIK, S0.6END, IN.
1200 COUNTY-CITY BUILDING
227 W JEFFERSON BOULEVARD
SOUTH BEND,INDIANA 46601-1830
PxoNE574/235-9371
FAx 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY ~L ECONOMIC DEVELOPMENT
JEFFREY V. GIBNEY
EXECUTIVE DIRECTOR
September 10, 2009
Council Member Timothy Rouse, Chairperson
Community & Economic Development Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Personal Property Tax Abatement Petition for:
STEEL WAREHOUSE COMPANY, LLC
Dear Council Member Rouse:
Please find attached the Department of Community & Economic Development's report on a personal
property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition,
Statement of Benefits form, and supporting information. The project calls for the acquisition and installation
of various kinds of metal working equipment to be located at 1400 West Riverside Drive.
The report contains the Department's findings relative to the above petition. The total cost for the
equipment is estimated at between $2,100,000 and $3,000,000. The project meets the qualifications for a
(5) five-year personal property tax abatement and a representative from Steel Warehouse Company will be
available to meet with the Committee on Monday, September 28, 2009.
Should you or any of the other Council members have any questions concerning the report, or need
additional information, please feel free to call me at 235-5835.
Sincerely,
,.~- ~~~
Bob Mathia
Assistant Director,
Economic Development
Attachments
cc: South Bend Common Council Members
Mayor Stephen Luecke
Jeff Gibney
Don Inks
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCL4I. HL PROGRAM
PAMELA C. MEYER DONALD E. INKS MANAGEMENT
574/235-9660 574/235-9371 ELazAeere LEONARD
FAX: 574!235-9697 574/235-9371
1200 COUNTY-CITY BUILDING
227 W. JEFFERSON BOULEVARD
SoLrr[-I BEND, INDIANA 46601-1830
PxoNE574/235-9371
FAx 574/235-9021
TDD 574/ 235-5567
CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR
COMMUNITY BL .ECONOMIC DEVELOPMENT
JEFFREY V GIBNEY
EXECUTIVE DIRECTOR
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: BOB MATHIA
SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR:
STEEL WAREHOUSE CO., LLC
DATE: September 10, 2009
On September 4, 2009, a petition for personal property tax abatement consideration for property
located at 1400 West Riverside Drive was filed with the City Clerk by Steel Warehouse Company,
LLC. Pursuant to Chapter 2, Article 6, Section 2-84.2 of the Municipal Code of the City of South
Bend, this petition was referred to the Department of Community and Economic Development for
purposes of investigation and preparation of a report determining whether the area qualifies as an
Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have
been met.
The Department of Community and Economic Development has reviewed the petition, investigated
the area, and makes the following report.
PROJECT SUMMARY
Steel Warehouse is a steel service center focusing on flat rolled, low carbon steel, with operations
involving slitting, leveling, pickling, temper rolling, shearing and cold reducing. The company also
supplies profiling parts using its plasma and laser cutting operations. In connection with its
operations the company takes substantial positions in steel products for future sale and marketing of
same to its customers. Under the proposed project Steel Warehouse plans to acquire and install
releveling equipment to condition armor plate steel in preparation for burning parts, either by the
company or third parties. The process will involve the use of the company's temper mill to level
special alloy steel, having subcontractors heat treat the steel, and then returning the steel to the
company for releveling. These processes will allow the company or third party processors to
COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM
PAMELA C. IVIEYER DONALD E. INKS MANAGEMENT
574!235-9660 574/235-9371 ELIZABETH LEONARD
FAX: 574/235-9697 5741235-9371
South Bend Common Council
RE: Tax Abatement for Steel Warehouse Company, LLC
September 10, 2009
Page 2
produce parts for customers needing armor plate processed to highly demanding tolerances. The
total estimated cost of the equipment is $2,100,000 to $3,000,000.
Depending on the final value of the equipment to be procured total taxes to be abated during the (5)
five-year abatement period are estimated to be between $14,676 and $20,966. Total additional taxes
to be paid as a result of the project during the five-year abatement period are estimated to be between
$129,857 and $185,510.
EMPLOYMENT IMPACT
Per the petition, it is estimated that the project will create three (3) to twelve (12) new, permanent
full-time positions with an annual payroll of $93,600 to $374,400. The project will also maintain
four (4) existing permanent full-time positions with a total annual payroll of $124,800.
ABATEMENT QUALIFICATION
1. A review of the tax abatements previously granted finds that the petitioner has been granted or
been associated with the following previous tax abatements:
Term/Type Resolution No. Date
5 year personal property 1169-84 June 25, 1984
5 year personal property 1432-86 Sept. 8, 1986
5 year personal property 1674-88 Nov. 28, 1988
10 year real property 1964-92 July 27, 1992
5 year personal property 1965-92 July 27, 1992
10 year real property 2157-94 July 11, 1994
5 year personal property 2158-94 July 1 1, 1994
10 year real property 2371-96 June 24, 1996
5 year personal property 2372-96 June 24, 1996
I O year real property ~ 2496-97 August 25, 1997
5 year personal property 2495-97 August 25, 1997
5 year personal property 2714-99 March 22, 1999
10 year real property 2798-99 Oct.l 1, 1999
5 year personal property 2896-00 June 26, 2000
10 year real property 2895-00 June 26, 2000
5 year personal property 3035-01 Sept. 24, 2001
10 year real property 3036-01 Sept. 24, 2001
South Bend Common Council
RE: Tax Abatement for Steel Warehouse Company, LLC
September 10, 2009
Page 3
5 year personal property 3380-04
5 year real property 3381-04
S year personal property 3382-04
5 year personal property 3791-07
5 year personal property 3792-07
5 year personal property 3793-07
Sept. 27, 2004
Sept. 27, 2004
Sept. 27, 2004
Sept. 24, 2007
Sept. 24, 2007
Sept. 24, 2007
2. The Building Commissioner has reviewed the petition and finds the property to be properly
zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the property is not
located in any Tax Incremental Allocation Areas; therefore, no action is required by the South
Bend Redevelopment Commission.
4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the
qualifications fora (5) five-year personal property tax abatement under section 2-84.2, Tangible
Personal Property Tax Abatement.
5 YEAR
STEEL WAREHOUSE COMPANY, LLC
South Bend Portage Township
Personal Property Tax Abatement Schedule'`
Tax Key Number
Current Assessed Value:
Estimated Project Cost:
018-2110-4065 & 18-2110-4067
9,616,132
3,000,000
14-Sep-09
40% 56% 42% 32% 24%
Current 100% 80% 60% 40% 20%
Assessed Value: AV & Tax Year 1 Year 2 Year 3 Year 4 Year 5
Current Assessed Value 100% 9,616,132 9,616,132 9,616,132 9,616,132 9,616,132 9,616,132
Base Assessed Value 1,200,000 1,680,000 1,260,000 960,000 720,000
Less Abatement Deduction (1,200,000) (1,344,000) (756,000) (384,000) (144,000)
Net Assessed Value 9,616,132 9,616,132 9,952,132 10,120,132 10,192,132 10,192,132
Property-Taxes:
Assume constant tax rate of 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015%
Gross Tax (tax rate x net assessed value)
Less Circuit Breaker Credit
Net Tax
Circuit Breaker Cap
Circuit Breaker
Debt Service
Circuit Braker Cap
413,638 413,638 428,091 435,317 438,415 438,415
(72,486) (36,486) (34,699) (53,606) (65,308) (72,508)_
341,152 377,152 393,392 381,712 373,106 365,906
3.0000% 288,484 324,484 338,884 326,284 317,284 310,084
0.5477% 52,668 52,668 54,508 55,428 55,822 55,822
341,152 377,152 393,392 381,712 373,106 365,906
New Combined Net
Existing Project Existing & New Tax Tax
Year Taxes Taxes Taxes Abated Paid
1 341,152 42,572 383,724 6,572 377,152
2 341,152 59,601 400,753 7,361 393,392
3 341,152 44,701 385,853 4,141 381,712
4 341,152 34,058 375,209 2,103 373,106
5 341,152 25,543 366,695 789 365,906
Totals 1,705,758 206,476 1,912,234 20,966 1,891,268
'This schedule is for estimation purposes only and assumes constant tax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates.
5 YEAR
STEEL WAREHOUSE COMPANY, LLC
South Bend Portage Township
Personal Property Tax Abatement Schedule*
Tax Key Number
Current Assessed Value:
Estimated Project Cost:
018-2110-4065 & 18-2110-4067
9,616,132
2,100,000
14-Sep-09
40% 56% 42% 32% 24%
Current 100% 80% 60% 40% 20%
Assessed Value: AV & Tax Year 1 Year 2 Year 3 Year 4 Year 5
Current Assessed Value 100% 9,616,132 9,616,132 9,616,132 9,616,132 9,616,132 9,616,132
Base Assessed Value 840,000 1,176,000 882,000 672,000 504,000
Less Abatement Deduction (840,000) (940,800) (529,200) (268,800) (100,800)
Net Assessed Value 9,616,132 9,616,132 9,851,332 9,968,932 10,019,332 10,019,332
Progerty Taxes:
Assume constant tax rate of 4.3015% 4.3015% 4.3015% 4.3015% 4.3015% 4.3015%
Gross Tax (tax rate x net assessed value)
Less Gircuit Breaker Credit
Net Tax
Circuit Breaker Cap
Circuit Breaker
Debt Service
Circuit Braker Cap
413,638 413,638 423,755 428,814 430,982 430,982
(72,486) (47,286) (46,035) (59,270) (67,462) (72,502)
341,152 366,352 377,720 369,544 363,520 358,480
3.0000% 288,484 313,684 323,764 314,944 308,644 303,604
0.5477% 52,668 52,668 53,956 54,600 54,876 54,876
341,152 366,352 377,720 369,544 363,520 358,480
New Combined Net
Existing Project Existing & New Tax Tax
Year Taxes Taxes Taxes Abated Paid
1 341,152 29,801 370,952 4,601 366,352
2 341,152 41,721 382,872 5,153 377,720
3 341,152 31,291 372,442 2,898 369,544
4 341,152 23,841 364,992 1,472 363,520
5 341,152 17,880 359,032 552 358,480
Totals 1, 705,758 144,533 1,850,291 14,676 1,835,615
*This schedule is for estimation purposes only and assumes constant tax rates. The true tax values
will ultimately be determined by the actual assessed valuation and the then current tax rates.
/~ steel
~ warehouse
2722 wesf fucker drive p.o. 6ox 1377
574-236-5100
sout~ bend, Indiana 46624 800-348-2529
fax no. 574-236-5154
September 4, 2009
Office of City Clerk
County -City Building
Room 455
227 W. Jefferson Blvd.
South Bend, IN 46601
Dear Sirs:
Tax Abatement Proposal
On behalf of Steel Wazehouse Company LLC, I enclose a Petition for Personal
Property Tax Abatement and exhibits thereto, a Statement of Benefits Form and a check
to the City of South Bend in the amount of $250.00.
Steel Wazehouse hereby submits its application for Personal Property Tax
Abatement in connection with a project to add new equipment having a value of
approximately $2.1 million to $3 million. Steel Warehouse believes that the project will
create three to twelve new full time jobs with an annual payroll increase ranging from
$93,600 to $374,000 and maintain four 4 existing full time jobs with an annual payroll in
the range of $124,800.
Steel Warehouse Company LLC is a steel service center with a primary focus on
flat rolled, low carbon steel. Its operations involve slitting, leveling, pickling, shearing,
temper rolling and cold reducing. It also manufactures and supplies profiling parts using
its plasma and laser cutting operations. The proposed project will enable Steel
Warehouse to better serve the armor plate parts mazket.
The project qualifies five (5) years Personal Property Tax Abatement under
standazds established for tax abatement by the City Council. We respectfully request
your favorable action on our Petition.
Very truly yours,
Gerald F. Lerman
GL:Id
CITY OF SOUTH BEND PETITION FOR
TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION
The undersigned owner(s) of new manufacturing equipment, personal property, located
within the City of South Bend, hereby petitions the Common Council of the City of South
Bend for personal property (new manufacturing equipment) tax abatement consideration
and pursuant to I.C., 6-1.1-12.1, et seg•, and South Bend Municipal Code Section 2-84.2,
et se .for this petition states the following:
1. Describe the proposed project, including information about the new manufacturing
equipment personal property ("equipment") to be installed, the amount of land to be
used, if any, the proposed use of the equipment, and a general statement as to the
value of the project to your business.
Petitioner plans to acquire and install releveling equipment, as part of the project to
condition armor plate steel, in preparation for burning parts, either by Petitioner or
by third parties. The process will involve the use of Petitioner's temper mill to level
special alloy steel, having subcontractors heat treat the steel, and then returning the
steel to Petitioner for releveling. These processes will allow Petitioner, or third
party processors to whom Petitioner will distribute the steel, to produce parts for
customers needing armor plate processed to highly demanding tolerances.
2. The project will create 3-12 new, permanent jobs within the first year, representing a
new annual payroll of $93,600-$374,400 and will maintain at least four existing
permanent full-time and existing part-time jobs representing an annual payroll
of $124,800. The projected annual salaries for each new position created are
estimated to be as follows: Leveler operator -- $31,200 per year. This does not
include performance incentives and benefits such as 401k, paid holiday and
vacations, and health insurance.
3 . Estimate the total cost of the Equipment: $2,100, 000-$3, 000, 000
4. (a) The Equipment is owned or to be owned by the following individuals or
corporations (if the business organization is publicly' held, indicate also the name
of the corporate parent, if any, and the name under which the corporation has filed
with the Securities and Exchange Commission):
NAME
Steel Warehouse Company LLC
ADDRESS INTEREST
2722 W. Tucker Drive SB, IN 1 DD%
(Revised 8/2/02)
(b) The following other persons lease, intend to lease, or have an option to buy this
Equipment (include corporate information as required in (4)(a) above, if
applicable): n/a
NAME ADDRESS INTEREST
5. Give a brief description of the overall nature of the business and of the operations
occurring at the location for which tax abatement is requested:
Petitioner is a steel service center focusing on flat rolled low carbon steel, with
operations involving slitting, leveling, pickling, temper rolling, shearing and cold
reducing. Petitioner also supplies profiling parts using its plasma and laser cutting
operations. In connection with its operations Petitioner takes substantial positions in
steel products for the future sale and marketing of the same to its customers.
6. The commonly known address of the property where the Equipment is to be located
is: 1400 N'Riverside Drive, South Bend, IN
7. The Key Number of said property is: 018-2110-4065 and 18-2110-4067
8. Attach the legal description of the property where the equipment is to be located,
marked "Exhibit A," and is hereby incorporated herein.
9. Attach a map and/or plat describing the property where the equipment is to be
located, marked "Exhibit B," and is hereby incorporated herein.
10. Attach photographs of the property, taken within 30 days of filing of this petition,
marked "Exhibit C," and hereby incorporated herein.
11. The current assessed valuation of the tangible personal property to be replaced by the
new manufacturing equipment is. n/a
(This information may be obtained from the St. Joseph County Assessors office 235-9523)
12. The current use of the real property where the Equipment is to be installed is
E Heavy Industrial and the current zoning is
(use) and F (height and area).
(This information may be obtained from the Building Department 235-9553)
(Revised 8/2!02) 2
13. List the real and personal property taxes paid at the location during the previous five
years, whether paid by the current owner or a previous owner:
YEAR
2007 payable 2008
2006 payable 2007
2005 payable 2006
2004 payable 2005
2003 payable 2004
REAL PROPERTY TAXES
$33, 209.39
$31, 950.96
$32,863.56
$30, 024.58
$25,162.21
PERSONAL PROPERTY TAXES
$0
$0
$D
$0
$0
(This information may be obtained from the St. Joseph County Treasurers office 235-9531)
14. Describe the commitment made within the past five years by your firm to hiring
minority individuals, including number of minorities employed during each of the
past five years, specifying whether full time or part-time and whether permanent or
temporary employees. The Petitioner shall also list the current number of total
employees (full and part-time) and the current number of minority individuals (full
and part-time).
Petitioner now and in the past has maintained a policy of hiring and promoting
without discrimination with respect to race, creed, color or gender. The number of
minority full-time employees in the companies, from the year 2004-2009 is as
follows:
2004 132 minorities out of 455 total
2005 129 minorities out of 457 total
2006 128 minorities out of 445 total
2007 129 minorities out of 458 total
2008 131 minorities out of 506 total
2009 99minorities out of 419 total
15. Describe on-site child care or day care facilities, services or benefits currently offered
or proposed to be offered by the Petitioner for children of employees.
None
16. What is your best estimate of the market value of the new Equipment after
installation? $2,100, 000-$3, 000, 000
17. What is your best estimate of the amount of taxes to be abated during each of the five
years after installation?
Yrl: $16, 000-$24, 000; Yr2: $12, 800-$19, 200; Yr3: $9, 600-$14, 400; Yr4: $6, 400-
(Revised 8/2/02) 3
$9, 600; YrS: $3, 200-$4, 800
18. What is the commitment your firm will make to minority employment during the five
years of tax abatement?
Petitioner will continue to hire qualified applicants without regard to race, creed,
color or gender.
19. The Equipment has not been installed as of the date of filing of this petition.
(The signature at the end of this Petition is verification of this statement)
20. The standard Industrial Classification Manual major group within which the
proposed project would be classified, by number and description:
Major group 33: Primary Metal Industries
21. The Internal Revenue Service Code of Principal Business Activity by which the
proposed project would be classified, by number and description:
SOSO
22. The real property where the Equipment will be installed is located in the following
Allocation Area, if any, declared and confirmed by the South Bend Redevelopment
Commission:
23. Other anticipated public financing for the project including, if any, industrial
revenue-bonding to be sought or already authorized, assistance through the United
States Department of Housing and Urban Development funds from the City of South
Bend, Small Business Association Sections 503 and 504 financing through the
Business Development Corporation of South Bend, Mishawaka, and St. Joseph
County, Indiana; or other public financial assistance, including but not limited to
public works improvements.
Petitioner may seek job training assistance for some additional personnel to be hired.
24. Describe how and why the manufacturing equipment to be replaced or the facility in
which Equipment will be added is currently technologically, economically or energy
obsolete and how and why that obsolescence may lead to a decline in employment
and tax revenues: n1a
25. The new manufacturing equipment will be used in the direct production,
(Revised 8/2/02) 4
manufacture, fabrication, assembly, extraction, mining, processing, refining, or
finishing of other tangible personal property and that the equipment was never before
used by its owner for any purpose in Indiana. The signature at the end of this Petition
is verification of this statement.
26. The following person(s) should be contacted as Petitioner's agent regarding
additional information and public hearing notifications:
Name: Gerald F. Lerman
Address: 2722 W. Tucker Drive
City, State, Zip Code: South Bend. IN 46619
Telephone: (574) 236-5100
WHEREFORE, Petitioner requests that the Common Council of the City of South Bend,
Indiana, adopt a declaratory resolution designating the area described herein to be an
economic revitalization area for purposes of tangible personal property tax abatement
consideration, and after publication of notice and public hearing, determine qualifications
for an economic revitalization area have been met, and confirm such resolution. Petitioner
herein hereby verifies that the required $250.00 filing fee to cover processing and
administrative costs pursuant to Section 2-84.7 of the Municipal Code of the City of South
Bend has been paid in full.
Name of Property Owner(s):
Steel Warehouse Company LLC
By: G ..,,.~.r ~ .J.~..,,.,.
(Signed Name)
Gerald F. Lerman
(Typed or printed name and capacity of signor if signed by
an agent or representative of the owner)
filed In Clerk's ®~~ice
SEP - 4 2009
(Revised 8/2/02) 5 aoliN vooAOE
CITY CLERK, So. BEND, IN.
Exhibit A
Beginning at the Southeast corner of the Southwest'/4 of said, section 35; thence South
89 49'52" West (bearing assumed) along the South line of said section, 308.97 feet; thence North
89 55'00" West, 116.24 feet; thence North 00 00'27" West, 12.00 feet to the North line of a 12
foot alley; thence North 89 55'00" West along said North line of alley; the East line of Kessler
Boulevard, 128.00 feet South 89 55' 18" East of the Northeast addition to the City of South Bend
recorded April 6, 1906 in Plat Book 0, pages 30 and 31; thence South 89 55'18" East along the
South line of King Street, 352.84 feet; thence North 00 00'27" West, 194.85 feet to a point the
centerline of the East and West 14 foot alley between King Street and McCartney Street
produced East; thence North 00 06'09" East, 128.81 feet; thence North 89 46'49" East 287.05
feet to the Westerly line of Riverside Drive; thence South 16 37' 15" West along a chord
subtending said Westerly line of Riverside Drive, 455.43 feet to the South line said section 35;
thence North 90 00'00" West along said South line, 156.71 feet to the point of the beginning.
Commencing at the Southeast corner of the '/4 of said section 35; thence North 00 00'30"
West (bearing assumed) along the East line of said Southwest'/. a distance of 463.14 feet to the
Point of Beginning for the following described tract; thence continuing North 00 00'30" West
along said East line 336.00 feet to the South line of Queen Street; thence South 89 56'09" West
along said South line of Queen Street 176.60 feet, thence North 00 02'36" Est. 195.00 feet to the
centerline of the East and West 14 foot alley between Kinyon Street and Queen Street; thence
South 89 56'09" West along said centerline of alley, 131.27 feet; thence South 00 06'09" West
along the East line of Lot 145 in the Third Plot of Northwest Addition recorded Mazch 7, 1907 in
Plat Book 9, page 60 in the Office of the St. Joseph County Recorder and its Northerly and
Southerly extensions, 195.00 feet to the South line of Queen Street; thence South 89 56'09"
West along Allen Street; thence South 00 05'51" West along said East line of Allen Street,
329.87 feet to the South line of McCartney Street; thence South 89 58'27" East along said South
line of McCartney Street, 12.91 feet; thence South 00 06'09" West 6.11 feet; thence North 89
56'09" East 308.71 feet to the Point of Beginning.
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SEP - 4 2009
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