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1200 COUNTY -CITY Bu11,DiNc, <br />227 W JEFFEPsoN BOuuvARD <br />SOUTH BEND, 1NDLwA 46601 -1830 <br />PHONE 574/ 235-9371 <br />FAx 574/235 -9021 <br />TDD 5741235 -5567 <br />CITY OF SouTii BEND STEPHEN J. LuF -cKE, MAYOR <br />COMMUNITY& ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />ExFcunvE DiREcToR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />MC CORMICK AND COMPANY, INC. <br />DATE: July 2, 2010 <br />On July 2, 2010, a revised petition for real property tax abatement consideration for property located <br />at 3425 West Lathrop Drive was filed with the City Clerk by McCormick and Company, <br />Incorporated. The original petition was submitted on May 11, 2010. Pursuant to Chapter 2, Article <br />6, Section 2 -82 of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community and Economic Development for purposes of investigation and <br />preparation of a report determining whether the area qualifies as an Economic Revitalization Area <br />pursuant to 1,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 it makes. Its products include condiments (ketchup, mustard, salad dressing, etc.) for major <br />restaurant chains. The company is weighing where to locate this distribution operation. Sites in <br />Michigan, Illinois and other states where McCormick has manufacturing /distribution facilities are <br />also being considered. Construction of the addition is estimated to cost $5,010,913. <br />The equipment to be purchased includes fork lifts, coolers, racking, computers, and furniture and <br />fixtures. The estimated cost of the equipment is $875,173. A personal 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 />C-OMMUN1TX DEVELOPMENT ECONOM1c DWFLOPMFNT FINANQAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />5741235 -9660 574!235 -9371 ELIZABETH LEoNAPO <br />FAX: 574/235 -9697 5741235 -9371 <br />