Confirming Tax Abatement - G.H.S. Corporation d/b/s Strings 6879 Enterprise Dr. (5 Yr. Personal Property)

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BARNES &THORNBURG LI.P Richard J. Deahl (574) 237-1240 richard.deahl@btlaw.com 600 1st Source Bank Center 100 North Michigan South Bend, IN 46601.1632 U.S.A. (574) 233-1171 Fax (574) 237-1125 www.btlaw.com November 29, 2010 VIA HAND DELIVERY Mr. John Voorde City Clerk County-City Building - 4th Floor South Bend, Indiana, 46601 RE: G.H.S. Corporation Application for Personal Property Tax Abatement Dear Mr. Voorde: We are pleased to enclose an original and two copies of the following documents for filing on behalf of G.H.S. Corporation d/b/a GHS Strings: Petition for Personal Property Tax Abatement for consideration; 2. Statement of Benefits (Form SB-1/PP); 3. Form of Declaratory Resolution for the Common Council's consideration; and 4. Form of Confirmatory Resolution for consideration. Please note that we have also enclosed a check in the amount of $250.00 payable to the City of South Bend for the appropriate filing fee. As you will see, this Petition relates to the proposed relocation of GHS Strings' manufacturing operations to South Bend. GHS is one of the largest domestic manufacturers of strings for fretted instruments, including guitars, bass instruments, banjos, fiddles, etc. GHS is proposing to relocate its primary string manufacturing operations to South Bend in a phased transition, which will result in 15-20 immediate jobs (with the likelihood of this doubling within one to two years) and an original investment in equipment of approximately $650,000. We appreciate the Common Council's consideration and look forward to working with the City's Department of Community and Economic Development and the Council to discuss the proposed project in more detail. We understand that the scheduling for this matter will include (a) meeting before the Redevelopment Commission on Friday, December 3rd, (b) meeting before the Common Council (both committee and public portion) on December 13`x, and (c) a meeting to address the confirming resolution on January 10, 2011. Atlanta Chicago Delaware Indiana Michigan Minneapolis Ohio Washington, D.C.