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No. 2766 approving an application for personal property tax deduction (2722 W. Tucker Dr.)
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No. 2766 approving an application for personal property tax deduction (2722 W. Tucker Dr.)
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TAX ABA TEMENT REPOR T <br />TO: SOUTH BEND REDEVELOPMENT COMMISSION <br />FROM: KATHY HAHN <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITIONS FOR: <br />STEEL WAREHOUSE COMPANY, LLC and AFFILIATES and <br />EQUIPMENT LESSORS <br />2722 W. TUCKER DRIVE <br />DATE: September 7, 2010 <br />On September 3, 2010, a petition for personal property tax abatement consideration for <br />property located at 2722 W. Tucker Drive was filed with the City Clerk by Steel Warehouse <br />Company, LLC, et al. Pursuant to Chapter 2, Article 6, Section 2 -77 of the Municipal Code of the <br />City of South Bend, the petition was referred to the Department of Community and Economic <br />Development for purposes of investigation and preparation of a report determining whether the areas <br />qualify as Economic Revitalization Areas pursuant to I.C.6 -1.1 -12.1 and whether all zoning <br />requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition, <br />investigated the area and makes the following report. The report reviews and summarizes the <br />request from Steel Warehouse Company LLC for the personal property abatement. <br />PROJECT SUMMARY <br />Steel Warehouse Company LLC is a steel service center with a primary focus on flat rolled, <br />low carbon steel with operations involving slitting, leveling, pickling, shearing, temper rolling, and <br />cold reducing. The petitioner also supplies profiling parts through its plasma and laser cutting <br />operations. In connection with its operations, the company takes substantial positions in steel and <br />steel products for the future sale and marketing of the same to its customers. <br />CThe abatement request for personal property at 2722 W. Tucker involves the acquisition of <br />
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