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... 5~~e <br />,y vv~reh®use <br />,~ <br />e <br />Office of City Cleric <br />County -City Building <br />Room 453 <br />227 '4N..lefferson Blvd. <br />South Bend, I1V 46601 <br />2722 wesf fuc~Cer c~nive a p.o. 6ox i377 <br />574-236-5iQO <br />souil~ ~entl, intliana 46624 ~ 800-348-2529 <br />{ax no. 574-236-5154 <br />August 31, 2010 <br />Tax Abatement Proposal <br />I}ear Sirs: <br />On behalf of Steel Warehouse Company LLC, I enclose a Petition for Personal Property Tax <br />Abatement and exhibits thereto, a Statement of Benefits Form and a check to the City of South Bend in <br />the amount of $250.00. <br />Steel Warehouse hereby submits its application for Personal Property Tax Abatement in <br />connection with a project to add new equipment having a value of approximately $2.4 to $3.0 million. <br />Steel Warehouse believes that the project will create between 7 to 19 new full-time jobs within the first <br />year, representing a new annual payroll of $212,700 to $582,864.$ and will maintain at least four (4) <br />existing permanent full-time jobs with an annual payroll of $ l 33,120. <br />Steel Warehouse Company LLC is a steel service center with a primary focus on flat rolled, lour <br />carbon steel and steel plate. Its operations involve slicking, leveling, pickling, shearing, temper rolling, <br />cold reducing, and laser and plasma cutting. The proposed project will allow Steel Warehouse to add <br />laser cutting capacity for its existing and expanding customer base. <br />The project qualifies for five (5) year Personal Property Tax Abatement under standards <br />established for tax abatement by~the City Council. We respectfully request your favorable action on our <br />petition. + <br />Would you please acknowledge re ' fof <br />undersigned the annexed copy of th' :~.`A`~stat <br />kA ., <br />convenience. ~`' ~; _ .`` <br />~~ ~ ~ ~~ ~Y ~~ . ~~ <br />~,.'~ .~. ~ ,,: ~, 1 <br />-S~ <br />- ~~ <,.t, <br />~l~r~~yp'rJ . '.~ <br />/'~( 'd <br />GLad ~~~ `'' <br />~~ <br />above by stamping and returning to the <br />d self addressed envelope is provided for your <br />Very truly yours, <br />~~ ~P.~ t-. ~~a <br />Gerald F. Lerman <br />