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4$OUTH,& Filed in Clerk's Office <br /> W d AUG 0 9 2017 <br /> PEACE' <br /> its <br /> 1565 CITY` _ �'Y'?,IN) <br /> CITY OF SOUTH BEND <br /> COMMUNITY INVESTMENT <br /> August 7, 2017 <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 /> RE: Submission of Resolution Approving Waiver of Noncompliance for Real Property <br /> Tax Abatement for Manufacturing Technology, Inc. <br /> Dear Council Member Ferlic, <br /> Attached please find a proposed form of resolution approving a waiver of <br /> noncompliance,pursuant to Indiana Code 6-1.1-12.1-11.3,for Manufacturing Technology, <br /> Inc. (the "Company"). The South Bend Common Council (the "Common Council") <br /> adopted its Confirming Resolution 4491-15 confirming the designation of a certain area in <br /> the City of South Bend, Indiana as an Economic Revitalization Area for the purposes of <br /> granting a two (2) year tax abatement for vacant real property in conjunction with <br /> investment in improvements to existing building construction along with purchase of new <br /> machinery&equipment, special tooling/retooling and new computer/IT hardware. <br /> The St. Joseph County Assessor's Office distributed a Notice of Assessment on <br /> January 1, 2016. The Company filed a Form CF-1/Real Property with the City of South <br /> Bend in 2016, however, the Company inadvertently did not file the Form 322NBD with <br /> the Auditor's office. The Company subsequently received a Tax Bill in April 2017 <br /> providing that the spring installment of 2016 personal property taxes was due May 10, <br /> 2017. The Company remitted timely payment of $28,854.36 to the St. Joseph County <br /> Treasurer prior to the May 10, 2017 due date for Spring Taxes. <br /> The Company is requesting that the Common Council waive noncompliance with <br /> the filing deadline for the Form 322NBD. <br /> The Department of Community Investment endorses and supports this waiver as <br /> the Company has been on track with their abatement milestones. The initial projection <br /> associated with building improvements was $929,000 and the actual cost through <br /> December 31,2016,was$718,962. The company is planning to invest around$650,000 in <br /> the roof over the next five to eight year. That investment is contingent upon getting more <br /> business into the building.The project has met the employment representation stated in the <br /> EXCELLENCE i ACCOUNTABILITY I INNOVATION ' INCLUSION EMPOWERMENT <br /> 14005 County-City Building 227W.Jefferson Bvld. South Bend,Indiana 46601!p 574.235.9371 www.southbendin.gov <br /> C� <br />