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1200 CouNTY -C1TY BUILDING <br />227 W. JFFFERSON BOULEVARD <br />Soum BEND, INDLAINA 46601 -1830 <br />PHONE 5741235 -9371 <br />FAX 5741235 -9021 <br />CITY of Sourx BEND STEPH N J. LuECxE, MAyoR <br />COMMUNi`y &ECONOMIC EYELOPMENT <br />JEFFREY V. GiBNEY <br />EXFCtJTIVE DIRECTOR <br />TAX ABA T'EMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />OLIVER PLOW PARTNERS, LP <br />DATE: February 2, 2011 <br />On February 2, 2011, a petition for real property tax abatement consideration for property tentatively <br />identified as 815 Oliver Plow Court (currently identified as the east 4.4 acres of Lot 8 Oliver Plow <br />Works, 1" Major, Sec 3 and which is being replatted) was filed with the City Clerk by Oliver Plow <br />Partners, LP. Pursuant to Chapter 2, Article 6, Section 2 -82 of the Municipal Code of the City of <br />South Bend, this petition was referred to the Department of Community and Economic Development <br />for purposes of investigation and preparation of a report determining whether the area qualifies as an <br />Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning requirements have <br />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 />The petitioner, Oliver Plow Partners, is in the process of purchasing 4.4 acres in the Oliver Plow <br />Industrial Park from the South Bend Redevelopment Commission. Oliver Plow intends to construct <br />a warehouse /distribution facility to accommodate a tenant, ABC Supply Company Incorporated. The <br />building will have approximately 40,800 square feet. It will be a pre- engineered steel facility with a <br />masonry wainscot or facade. The building will be of high quality and will match the character of the <br />surrounding industrial uses near to the property. The estimated cost of the building is $1,750,000. <br />ABC Supply Company is a distributor of exterior housing products. They area primary supplier to <br />the construction industry which will match the current uses found within Oliver Plow Industrial Park. <br />The Petitioner has just begun collecting information on potential suppliers and contractors for the <br />COMMUNITY DEVELOPMENT EcoNomic DEVELOPMENT FINANCIAL & PROGRAM <br />PA =WLA C. MFYER DONALD E. INKS MANAGEMENT <br />574/235 -9660 574/235 -9371 ELIZADaTSA LEONARD <br />F; X, 5741235 -9/469 5741235 -9371 <br />