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1200 C 0UW)'-Q T-Y BUI L OINC, <br />227W. jLFF asoN BoUL6VARD <br />SOUTH BEND, INDLkNA 46601 -1830 <br />TO: <br />FROM; <br />SUBJECT <br />DATE: <br />PHONE 5741235 -9371 <br />FAX 5741 235-9021 <br />TDD 5741235 -5567 <br />S1� CI 7Y OF SOUTH BFND STEPHEN J. LuFC.KE, M WOR <br />OMM �1 I cONOMIC DEVELOPMENT <br />,JEFFREY V. GiBNEY <br />EXECUrivE DIRECTOR <br />L W, <br />SOUTH BEND COMMON COUNCIL <br />BOB MATHIA <br />PERSONAL. PROPERTY TAX ABATEMENT PETITION FOR: <br />ENDEAVOR MACHINE PRODUCTS, INC. <br />January 11, 2010 <br />On January 11, 2010, a petition for personal property tax abatement consideration for property located at <br />850 S. Marietta Street, Suite 300 was filed with the City Clerk by Endeavor Machined Products, <br />Incorporated. 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 been <br />met. <br />The Department of Community and Economic Development has reviewed the petition , investigated the <br />area, and makes the following report, <br />PROJECT SUMMARY <br />Endeavor Machined Products, Inc. is a new start -up company that plans to begin production in the near <br />future. They will manufacture precision machined parts for the wind power, petroleum exploration, <br />aerospace and orthopedic industries. The equipment the company intends to procure will be used to <br />manufacture prototype parts to demonstrate their design and production integrity in order to eventually <br />release them for production at the company, The company will fabricate the parts based on their clients' <br />designs, <br />The equipment to be purchased includes a CNC five axis machining center, a CNC lathe, coordinate <br />measuring machine, general shop equipment, software, computers, office furniture, inspection equipment, <br />a fork lift and an air compressor. The total cost of the equipment is estimated to be $437,500. <br />COMMLM -ry DEVELOPMENT ECONOMIC; DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. IMEYEA DONALD F. INKS MANAGEMENT <br />5741235 -9660 574!235- 937€ ELIZABum LLoNAan <br />FAX: 5741235- 9697 574/235 -9371 <br />