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September 2, 2010 <br />Council Member Timothy Rouse, Chairperson <br />Community & Economic Development Committee <br />South Bend Camman Council <br />4th Floor, County City Building <br />South Bend, FN 46601 <br />RE: Persona] Property Tax Abatement Petition for: <br />STEEL '~'AREII-I®USE COMPANY, LLC and AF'F'1LIAT"ES and E~UI[PMENT LESSORS <br />~1400'VV. Riverside Dr. ) <br />Dear Council Member Rouse: <br />Please f nd attached the Department of Community & Economic Development's report an a personal <br />property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls far the acquisition and installation <br />of various kinds of metal working equipment to be located at ,1400 West Riverside Drive. <br />The report contains the Department's findings relative to the above petition. The total cost for the <br />equipment is estimated at between $2,400,000 and $3,000,000. The project meets the qualifications for a <br />(5} five-year personal property tax abatement and a representative from Steel Warehouse Company will be <br />available to meet with the Committee on Monday, September 27, 2010. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-9278. <br />Sincerely, <br />Kathy 1-lahn <br />Economic Development Specialist <br />Attachments <br />ce: Sau€th Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />