06-28-10 Council Agenda & Packet

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Rend for real property tax abatement consideration and pursuant to 1,C.. 6 -1.1- 12.1 -1, et_seg., and South Bend Municipal Code Sec. 2 -76 et_ sea., for this petition states the following: Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: Construction of anew modern industrial, design -built warehouse /distribution facillty In the Airport Economic Development Area in the Blackthorn West Industrial Park. This 80,000 sg, ft. building will feature 32' clearheight, 75 docks & grade level access, approximately 5,000 sm ft. office area and energy efflclent desi n flfghting, lighting, hey Ling, etc.). Investor's intention are to construct this faciffly to accommodate the relocation and expansion of existing tenant's business (Invacare CgM.) from 7055 Cleveland Road, South Bend, IN 46628 and to also facltifate the prospective purchase of 7055 Cleveland Road by Patterson Logistics to accommodate their Proposed business line relocations and expansion to the South Bend marketas previously presented Land Size 6.89 acres; Building Size +1- 80,ODU sq. ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (attach additional sheet if more space is needed): This newly constructed building with accommodate Invacare Corporation expansion and relocation of their Midwest regional distribution center operations. Invacare Corporation is a leading manufacturer and desi ner in the worldwide home medical equipment market. The company designs, manufactures, and distributes an extensive line of health care products for the non -acute care environment, including the home health care, - retail, and extended care markets. 3. Estimate the dollar value of the project (excluding land): U,400,000.00 4, The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $70,600 (Lot #94 -- 037. 7036. 0590.7,2) $30,200 (Lot #75 - 031- 7036 - 0590.13) TOTAL .900 800 (Rr,v 12129106)