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1200 COUNTY-GxYBtnLntNc PHONF5741235-9371 <br /> 227W JEFFERSON BOULEVARD \� �\ 3 r r i i/ d FAx 5741235-9021 <br /> W \�\HACE�/ <br /> Sourx SEND,1NOUNA 46601-1830 live <br /> c- <br /> � x <br /> 1865 <br /> CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br /> COMMUNITY coyc E cONOMIC DEVELOPMENT <br /> JEFFREY V. GIBNEY <br /> EXECUTIVE DIRECTOR <br /> TAX ABATEMENT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: BOB MATHIA <br /> SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> GLOBAL PARTS NETWORK, LLC <br /> DATE. February 17, 2011 <br /> On February 17,2011, a petition for personal property tax abatement consideration for property located at <br /> 5102 Dylan Drive was filed with the City Clerk by Global Parts Network,LLC. Pursuant to Chapter 2, <br /> Article 6, Section 2-84.2 of the Municipal Code of the City of South Bend,this petition was referred to the <br /> Department of Community and Economic Development for purposes of investigation and preparation of a <br /> report determining whether the area qualifies as an Economic Revitalization Area pursuant to <br /> 1.C.6-1.1-111 and whether all zoning requirements have been met. <br /> The Department of Community and Economic Development has reviewed the petition(a copy of which is <br /> attached), investigated the area, and makes the following report. <br /> PROJECT SUMMARY <br /> Global Parts Network is proposing to set up a new manufacturing/distribution facility that will <br /> manufacture/distribute brake shoes and other parts for the heavy duty truck market. The project will <br /> acquire several pieces of equipment including a press, press washers, blasters, paint line, packaging <br /> machines, forklifts, riveters and deriveters as well as computer hardware and peripheral equipment. The <br /> Petitioner plans to lease a portion of the Huron Building managed by Holladay Properties to house the <br /> new facility. The company is considering the South Bend location as well as sites in Illinois and <br /> Kentucky. <br /> The estimated cost of the project is$2,075,000.Total taxes to be abated during the(5)five-year abatement <br /> period are estimated at $90,250. Total taxes to be laid during the (5) five-year abatement period are <br /> estimated at$82,121. <br /> COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL&PROGRAM <br /> PAMELA C.MF"R DoNAw E.INKS MANAGEMENT <br /> 5741235-9660 5741235-9371 ELIZAHTm LEONARD <br /> FAX: 5741235.9469 5741235-9371 <br />