05-09-11 Council Agenda & Packet

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I.C., 6 -1.1- 12.1 -1, et sew and South Bend Municipal Code Sec. 2 -76 et seq., for this petition states the following: Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: 70'X 290' building addition with new shipping does with turn around access for six il customers' packaging mainly . be warehouse and shippin_� to accommodate our c packag ing needs. Addition will free u_p _ manufacturing ' floor space, allowing us to add, machinery for a complete third line. This will increase production capacity by 25% Land Size 2 acres acres; Building Size 2)-300 sq.ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (attach additional sheet if more space is needed): Manufacturer of air pressure reservoirs for OEM truck and trailer manufacturers domestically and internationally. We perform metalforming, welding, and painting operations. 3. Estimate the dollar value of the project (excluding land): $ 760,000 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $1,245,200 (Rev 12/29/06)