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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND,INDUNA 46601 -1830 <br />TO: <br />FROM: <br />PHONE 5741235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />BOB MATHIA �, n/, ^ <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />HOOSIER TANK AND MANUFACTURING, INCORPORATED <br />DATE: April 18, 2011 <br />On April 18, 2011, a petition for personal property tax abatement consideration for property located at <br />1710 North Sheridan Street was filed with the City Clerk by Hoosier Tank and Manufacturing, <br />Incorporated. Pursuant to Chapter 2, Article 6, Section 2 -82 of the Municipal Code of the City of South <br />Bend, this petition was referred to the Department of Community and Economic Development for <br />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 the <br />area, and makes the following report. <br />PROJECT SUMMARY <br />Hoosier Tank and Manufacturing, Inc. is a manufacturer of air pressure reservoirs for OEM truck and <br />trailer manufactures domestically and internationally. They perform metal forming, welding and <br />painting operations required for the manufacture of air pressure reservoirs. The Petitioner is proposing <br />to: (a) construct a 70 X 290 foot addition (total additional area is 20,300 sq. ft.) to their existing <br />building; and (b) install equipment for a new production line. The addition will provide new shipping <br />docks with a turnaround access for six semitrailers, new warehouse space and a shipping area to <br />accommodate their customers' shipping needs. The addition will free up manufacturing floor space and <br />allow the company to add machinery for a complete third production line which will increase their <br />production capacity by 25 percent. The equipment for the production line includes a dust collector, air <br />make up vent, new diameter tooling, leveler for shear, laser cutter, roller, leak detection system, <br />progressive strap bracket die, forklift, washer, assembler, and an automated powder spray paint system. <br />The estimated cost of the equipment is $1,175,000. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235 -9660 574/235 -9371 ELIZABETH LEONARD <br />FAx: 5741235 -9697 574/235 -9371 <br />