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4 SpU TH 8�� <br /> p ���I��il���/��� �O <br /> 1200 CO[7NCY-CITY BUILDING ..�i \a� /����' PxoNE 574/235-9371 <br /> � \�� ���� �i d Fnx 574/235-9021 <br /> 22.�]W.JEFFERSON BOULEVARD W�� P�ACE/j a <br /> SOUTH BEND,Irroinrrn 46601-1830 � \� ���'.�,'a� � TDD 574/235-5567 <br /> � �� <br /> � • <br /> 1865 <br /> CIT'Y OF SOiTI'H BEND STEPHEN J. LUECKE,MAYOR <br /> COMMUI�ITY S� ECONOMIC DEVELOPMENT <br /> ,JEFFREY V. GIBNEY <br /> EXECUTIVE DIRECTOR <br /> TAX ABA TEMENT REPOR T <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: BOB MATHIA <br /> SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> HOOSIER TANK AND MANUFACTURING, INCORPORATED <br /> DATE: April 18, 2011 <br /> On April 18, 2011, a petition for real 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 <br /> South Bend,this petition was referred to the Department of Community and Economic Development <br /> for 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 <br /> the 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 <br /> proposing to: (a) construct a 70 X 290 foot addition(total additional area is 20,300 sq. ft.)to their <br /> existing building;and(b)install equipment for a new production line. The addition will provide new <br /> shipping docks with a turnaround access for six semitrailers, new warehouse space and a shipping <br /> area to accommodate their customers' shipping needs.The addition will free up manufacturing floor <br /> space and allow the company to add machinery for a complete third production line which will <br /> increase their production capacity by 25 percent. The Petitioner is requesting a seven-year abatement <br /> for the improvements it intends to make to the building. The cost of the construction portion of the <br /> project is estimated at $ 760,000. <br /> COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM <br /> PAD9ELA C.MEYER DONALD E.INKS MANAGEMENT <br /> 574/235-9660 574/235-9371 E�czAaerH Laonrna� <br /> Fax: 574/235-9697 574/235-9371 <br />