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South Bend Redevelopment Commission <br />Regular Meeting — July 1, 2005 <br />A. Tax Abatements <br />(1) Commission approval requested for <br />Resolution No. 2176 approving an <br />application for real property tax deduction <br />for property located at 1702 West <br />Washington Street in the West <br />Washington- Chapin Development Area. <br />(Manufacturing Technology, Inc.) <br />Mr. Tedd Schaffer reported to the <br />Commission that the petitioner, <br />Manufacturing Technology, is a builder of <br />friction welding equipment used in the auto, <br />aerospace, oil, agricultural and medical <br />fields. Manufacturing Technology plans to <br />add a 10,200 square foot addition to its <br />current building located at 1702 W. <br />Washington St. The project will cost <br />approximately $600,000. This will allow the <br />company the space needed to grow its <br />business. The current building is extremely <br />confined and Manufacturing Technology will <br />be required to build a new building, if they <br />do not add -on to the existing building. They <br />prefer staying in their current location on the <br />west side of South Bend. <br />The project will not create any new jobs, but <br />will retain nine (9) permanent jobs with an <br />annual payroll of $285,000 (an average of <br />$31,667 per year). A review of the tax <br />abatements previously granted finds that the <br />petitioner has been associated with or granted <br />one (1) previous tax abatement. The <br />petitioner is in compliance with the reporting <br />requirements for the previous abatement. <br />Mr. Schaffer further reported that the <br />building commissioner has reviewed the <br />petition and finds the property to be properly <br />[A <br />