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SOU T}18& <br /> O� <br /> 1200 COUNTY-07)'BUILp1 Nc <br /> .� j PHONE 5741235-9371 <br /> 227 W.JEFFERSON BOULCVARD U �• \� t ,, d <br /> rice% b FAX 5741235-9021 <br /> 5ov1-H BEND,1NalANA 46601-1830 � ��' <br /> r <br /> 1865 <br /> CITY OF SouTH BEND STEPHEN J. LUECn, MAYOR <br /> COMMUNITY & ECONOMIC DEVELOPMENT <br /> JEFFREY V. GiYiNFY <br /> �J+ EXECUTIvF DIRECTOR <br /> .�4 <br /> k XABA 7'. 11 ENT DEPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: KATHY HAHN <br /> SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> GVW REAL'T'Y, LLC <br /> DATE: June 22, 2011 <br /> On June 21, 2011,a petition for real property tax abatement consideration for property identified as <br /> 4411 Quality Drive was filed with the City Clerk by GVW Realty, LLC. Pursuant to Chapter 2, <br /> Article 6, Section 2-82 of the Municipal Code of the City of South Bend, this petition was referred to <br /> the Department of Community and Economic Development for purposes of investigation and <br /> preparation of a report determining whether the area qualifies as an Economic Revitalization Area <br /> pursuant to 1.C.6-1.1-12.1 and whether all zoning requirements have 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 /> The petitioner, GVW Realty,LLC intends to construct a 30,635 square foot building addition to an <br /> existing building located at 4411 Quality Drive, The existing building is occupied by a tenant, Best <br /> One Tire. The new addition will be occupied by another tenant, Premier Bandag #3. The new <br /> addition will be primarily made of steel,masonry,and concrete materials. The estimated cost of the <br /> new addition is $1,500,000. <br /> Premier Bandag #3, a franchisee of Bandag and Bridgestone Commercial Services Group, recycles <br /> used truck tires by retreading them for reuse primarily for semi-trucks and buses.Premier Bandag#3 <br /> has operated in the area since 1989. With this project they will be relocating from a facility on Home <br /> Street in Mishawaka which involves the transfer of 15 full time positions and I part time position. <br /> COMMUNITY DEVELOPMENT ECONOMrc DEVELOPMENT FINANCIAL&PROGRAM <br /> PAMELA C.MEYER DONALD F.INKS MANAGEMENT <br /> 574/235-9660 5741235.9371 ELi ZA86Ty Lra HARD <br /> FAY! 5741235-9469 5741235-9371 <br />