6A(2) Resolution No. 2646 - Laserfiche WebLink

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TAX ABATEMENT REPORT TO: SOUTH BEND REDEVELOPMENT COMMISSION FROM: BOB MATHIA SUBJECT: PERSONAL 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 7055 Cleveland Road was filed with the City Clerk by Patterson Logistics Services, Incorporated. 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 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 logistical equipment to be purchased includes racking, conveying equipment, server equipment, cabling and security equipment. The cost of the equipment is anticipated to be up to $9,000,000. Areal property tax abatement application is being submitted as part of the total project for improvements to be