07-26-10 Council Agenda & Packet

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CITY OF SOUTH BEAD 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 Bend for real property tax abatement consideration and pursuant to L.(;, 6 -1.1- 12.1 -1, et seg., and South Send Municipal Code Sec. 2 -76 et_ seg,. for this petition states the following: 1. 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: 208,000 SF Distribution Center for Medical, Dental, and Veterinary supplies and products. Physical improvements include mechanical and electrical upgrades to support the operation and equipment, plus 10,000 SF of new office and supporting spaces. The project is key to the business of Patterson Companies for distribution. Land Size 11.67 acres; Building Size 208,000 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): Distribution Center for Patterson Companies Medical, Dental, and Veterinary Divisions. 3. Estimate the dollar value of the project (excluding land): $99 5 0 0 0 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: Land: $121,500 and Building: $6,799,800 per City Assessor Fully due to tax abatement currently in place, the current tax statements assessed value of $10,200 Is for land only. Improvements not assessed. S. (A) The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individuals or corporations (if the business organization is publicly held, Indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADDRESS INTEREST Patterson Logistics 1031 Mendota Heights Road 100% Services Inc. St. Pau! MN 55120 (b) The following other person(s) lease, intend to'lease, or have an option to buy the property (include corporate information as required in 5(a) above, if applicable): NAME ADDRESS Jwl-re 0=07 (Rev E 0/23146)