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f <br /> 1200 COUNTY-QTY BUILDING PHONE 574/23 5-937 1 <br /> 227W JEFFERSON BOULEVARD <br /> `. rEaci�i y FAx 5741235-902I <br /> SOUTH BEND,I,DiA-gA 46601-1830 <br /> 1865 <br /> CITY OF SOUTH BEND STEPHEN J. LuEcKE, MAYOR <br /> COMMUNITY r Ec®N®MIC DEVELOPMENT <br /> JEFFREY V GIBNEY <br /> EXECUTIVE DIRECTOR <br /> February 17, 2011 <br /> Council Member Timothy Rouse, Chairperson <br /> Community& Economic Development Committee <br /> South Bend Common Council <br /> 4th Floor, County City Building <br /> South Bend, IN 46601 <br /> RE: Personal Property Tax Abatement Petition for: <br /> Global Parts Network, LLC <br /> Dear Council Member Rouse: <br /> Please find attached the Department of Community & Economic Development's report on 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 for the acquisition and <br /> installation of equipment to establish a new manufacturing/distribution facility to be located at 5102 Dylan <br /> Drive. <br /> The report contains the Department's findings relative to the above petition. The equipment will be used to <br /> manufacture/distribute brake shoes and other parts for the heavy duty truck market. The project cost for the <br /> equipment is estimated at $2,075,000. The project meets the qualifications for a (5) five-year personal <br /> property tax abatement and a representative from Global Parts Network will be available to meet with the <br /> Committee on Monday, February 28, 2011. <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 235-5835. <br /> Sincerely, <br /> .A/." (kv_4 <br /> Bob Mathia <br /> Assistant Director, <br /> Economic Development <br /> Attachments <br /> cc: South Bend Common Council Members <br /> Mayor Stephen Luecke <br /> Jeff Gibney <br /> Don Inks <br /> COMMUNITY DEVELOPMENT ECONomic DEVELorMENT FINANCIAL&PROGRAM <br /> PAMELA C.MEYER DONALD E.INKS MANAGEMENT <br /> 574!235-9660 5741235-9377 ELIZABETH LEONARD <br /> F%x: 5741235-9469 5741235-9373 <br />