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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOLTI'H BEND STEPHEN J. LuECxE, MAYOR <br />COMMUNITY $~L ECONOMIC DEVELOPMENT <br />,JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND REDE/V~ELOPMENT COMMISSION <br />FROM: BOB MATHIA /~~" <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />MC CORMICK AND COMPANY, INC. <br />DATE: July2, 2010 <br />On July 2, 2010, a petition for personal property tax abatement consideration for property located at <br />3425 West Lathrop Drive was filed with the City Clerk by McCormick and Company, Incorporated. <br />Pursuant to Chapter 2, Article 6, Section 2-82 of the Municipal Code of the City of South Bend, this <br />petition was referred to the Department of Community and Economic Development for purposes of <br />investigation and preparation of a report determining whether the area qualifies as an Economic <br />Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition, investigated <br />the area, and makes the following report. <br />PROJECT SUMMARY <br />McCormick and Company is proposing to construct and equip an approximate 50,000 square foot <br />addition to their manufacturing facility. The addition will house a distribution operation for the <br />products the company makes. The company's products include condiments (ketchup, mustard, salad <br />dressing, etc.) for major restaurant chains. The company is weighing where to locate the proposed <br />addition. Sites in Michigan, Illinois and other states where McCormick has <br />manufacturing/distribution facilities are also being considered. The equipment to be purchased <br />includes fork lifts, coolers, racking, computers, and furniture and fixtures. The estimated cost of the <br />equipment is $875,173. <br />The addition's construction is estimated to cost $5,010,913. Areal property tax abatement <br />application is being submitted as part of the total project. The total project cost is estimated to be <br />$5,886,086. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAD'IELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574!235-9371 ELIZABETH LEONARD <br />FAX: 574/235-9697 574/235-9371 <br />