Confirming Tax Abatement - Hoosier Tank 1710 North Sheridan St. (5 Yr. Personal Property)

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�SpU TN��, O �\��1�il��l�/��O IZOO COUNTY-CITY BUILDING .��. ��\ I /�� a PxoNE 574/235-9371 ZZ7 W.JEFFERSON BOULEVARD W��P�ACE/�'% a Fwc 574/235-9021 SOiSI"HBEND>Irr��n 46601-1830 �� \� ��%�'a2� � TDD574/235-5567 r- � � 1865 CITY OF SOUTH BEND STEPHEN J. LUECKE,MAYOR COMMUNITY SL ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABA TEMENT REPOR T TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: HOOSIER TANK AND MANUFACTURING, INCORPORATED DATE: April 18, 2011 On April 18,2011, a petition for personal property tax abatement consideration for property located at 1710 North Sheridan Street was filed with the City Clerk by Hoosier Tank and Manufacturing, Incorporated. Pursuant to Chapter 2,Article 6,Section 2-82 of the Municipal Code of the City of South Bend, this petition was refened to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition,investigated the area, and makes the following report. PROJECT SUMMARY Hoosier Tank and Manufacturing, Inc. is a manufacturer of air pressure reservoirs for OEM truck and trailer manufactures domestically and internationally. They perform metal forming, welding and painting operations required for the manufacture of air pressure reservoirs. The Petitioner is proposing to: (a) construct a 70 X 290 foot addition (total additional area is 20,300 sq. ft.) to their existing building; and(b)install equipment for a new production line. The addition will provide new shipping docks with a turnaround access for six semitrailers, new warehouse space and a shipping area to accommodate their customers' shipping needs.The addition will free up manufacturing floor space and allow the company to add machinery for a complete third production line which will increase their production capacity by 25 percent. The equipment for the production line includes a dust collector,air make up vent, new diameter tooling, leveler for shear, laser cutter, roller, leak detection system, progressive strap bracket die,forklift,washer,assembler,and an automated powder spray paint system. The estimated cost of the equipment is $1,175,000. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM PATIELA C.MEYEA DONALD E.INKS MANAGEMENT 574/235-9660 574/235-9371 EL�znsErH LEONAAD Fnx: 574/235-9697 574/235-9371