6A(1) Resolution No. 2645 - Laserfiche WebLink

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1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDUWA 46601-1830 PHONE 574/ 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 TAX ABATEMENT REPORT TO: SOUTH BEND REDEVELOPMENT COMMISSION FROM: BOB MATHIA ~ ~~ SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: PATTERSON LOGISTICS SERVICES, INC. DATE: January 27, 2010 On January 27, 2010, a petition for real property tax abatement consideration for property located at 70SS Cleveland Road was filed with the City Clerk by Patterson Logistics Services, Incorporated. Pursuant to Chapter 2, Article 6, Section 2-82 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 Patterson Logistics Services, Inc. operates distribution facilities for the company's medical, dental and veterinary divisions. The Petitioner is proposing to: (a) purchase an existing 208,000 square foot warehouse/distribution center that is only partially occupied; (b) construct physical improvements including mechanical and electrical upgrades plus 10,000 square feet of new office and supporting spaces necessary to support planned operations; (c) install logistical equipment to set up the building as a distribution center. The existing building has aseven-year tax abatement on it that the Petitioner intends to assume. The Petitioner is requesting up to an eight-year abatement for the improvements it intends to make to the building. The cost of the construction portion of the project for the improvements is estimated at $2,500,000. The logistical equipment to be purchased includes racking, conveying equipment, server equipment, cabling and security equipment. A personal property tax abatement application is being submitted as part of the total project. The project's total cost is estimated at up to $19,500,000 which includes COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 EuzAEErrt LEONARD Fax: 574/235-9697 574/235-9371