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08-25-06 Redevelopment Commission Minutes Minutes
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08-25-06 Redevelopment Commission Minutes Minutes
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8/25/2006
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08-25-06 Agenda
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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -August 25, 2006 <br />6. NEW BUSINESS (CONT.) <br />B. Tax Abatements <br />() continued... <br />Sample-Ewing Development Area. <br />(BLK,LLC d/b/a Old Fort Building Supply) <br />(2) Commission approval requested for <br />Resolution No. 2265 approving an <br />application for personal property tax <br />deduction for property located at 3605 <br />West Cleveland Road in the Airport <br />Economic Development Area. (Federal <br />Mogul Powertrain) <br />Mr. Schalliol gave the staff report on the <br />project. Federal Mogul is a manufacturer of <br />automotive pistons. Customers include most <br />of the major foreign and domestic <br />automobile manufacturers. Operations in <br />South Bend began in 1987. The project will <br />invest $4,779,000 in new manufacturing <br />equipment which will be acquired and <br />installed under four categories: (1) a new <br />assembly cell line---Chrysler 4.7L (the <br />Daimler Chrysler 4.7L is new business for <br />Federal Mogul); (2) productivity <br />improvement and safety; (3) research and <br />development and (4) information technology. <br />The project is not expected to create any new <br />jobs, but because the Daimler Chrysler 4.7L <br />is new business for the facility, it will <br />provide continued employment for <br />approximately 60 full-time employees when <br />the pro duct is at full volume in 200 8 . The <br />project will maintain 445 existing, permanent <br />full-time jobs representing an annual payroll <br />of $19,373,000. <br />58 <br />
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