Confirming Tax Abatement - 4701 Nimtz Parkway - Schafer Gear Works, INC.

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1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PHONe574/235-9371 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 August 6, 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: SCHAFER GEAR WORKS, INCORPORATED 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 4701 Nimtz Parkway. The report contains the Department's findings relative to the above petition. The total cost for the equipment is estimated at $2,800,000. The project meets the qualifications fora (5) five-year personal properly tax abatement and a representative from Schafer Gear Works, Incorporated will be available to meet with the Committee on Monday, August 24, 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 FINA*NC.IA-L LC PROGRAM PAMELA C. MEYEA DONALD E. INKS * AGEMENT 574/235-9660 574/235-9371 ELtzaeErH LEONARD PAX: 574/235-9697 574!235-9371