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�S�U TH B��Y <br /> , O �\tll��llli//�� p <br /> IZOO COLJN'I'Y-CITY BUILDING ..F� ����\ /��� PxoNE 574/235-9371 <br /> V Q� �\ p�� i ii +-y <br /> 22�]W JEFFERSON BOULEUARD / FAX 574/235-9021 <br /> W \���ACE/,/� a <br /> SOUTH BEND>IrrDVliva 46601-1830 'S" r'� /��'a� <br /> � � , <br /> „ x <br /> 1865 <br /> CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br /> COMMUNITY HL ECONOMIC DEVELOPMENT <br /> JEFFREY V. GIBNEY <br /> EXECUTIVE DIRECTOR <br /> January 31, 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 /> South Bend Gear, 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 start up a new company to be located at 3849 Showerlux Drive. <br /> The report contains the Department's findings relative to the above petition. The equipment will be used to <br /> manufacture gears for the heavy duty truck market. The project will be carried out in two phases over a <br /> period of two years.The total project cost for the equipment is estimated at$15,600,000.The project meets <br /> the qualifications for a(S)five-year personal property tax abatement and a representative from 5outh Bend <br /> Gear will be available to meet with the Committee on Monday, February 14, 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 /> !yo'"Y" /�L�ti'�7vt-�--i <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 DEVELOPMENT FINANCIAL AC PROGI2AM <br /> PA�IELA C.MEYER DONALD E.INKS MANAGEMENT <br /> 574I235-96G0 574/235-9371 Ec�ueerH LEONARD <br /> Fnx: 574/235-9469 574/235-9371 <br />