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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PFIOxE 574/ 235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY $L ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />HOOSIER TANK AND MANUFACTURING, INCORPORATED <br />DATE: NOVEMBER 24, 2009 <br />On November 18, 2009, a petition for personal property tax abatement consideration for property located <br />at 1710 North Sheridan Street was filed with the City Clerk by Hoosier Tank and Manufacturing, <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 />Hoosier Tank manufactures air pressure reservoirs for OEM truck and trailer manufacturers nationwide <br />and internationally. They perform metal forming, welding and painting operations to make tanks that can <br />hold air and other gases under pressure. The company has the opportunity to purchase the assets <br />(machinery, tooling, etc.) of a large competitor located in Missouri. The company also wants to install a <br />state of the art powder coat system. This additional equipment will allow increased production to <br />accommodate the company's increased customer base. It will also position Hoosier Tank to be the leader <br />in their industry and to be ready for the economic upturn ahead. <br />The equipment to be purchased is made up of various metal forming and metal working machines <br />including laithes and hand welders, resistance and robot welders and seamers, testers, various head and <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MHYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 Ecluserx LeoNaaD <br />Fax: 5741235-9697 574/235-9371 <br />