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` i,,: i CLLLC "G.-, iC, <br />. O ~civTH�g��I"'' <br />PEACE <br />IJ <br />City of South Bend <br />Joseph f:. Kernan. Mayor <br />Community & Economic Development <br />Jon R. Hunt <br />Executive Director <br />Ann E. Kolata <br />Deputy Executive Director <br />MEMO#MNOUM <br />TO: SOUTH BEND REDEVELOPMENT COMMISSION <br />FROM: MICHAEL BEITZINGERMY <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />MASTERBILT, INC. <br />325 SOUTH WALNUT STREET <br />DATE: January 30, 1996 <br />On January 30, 1996, a petition for tax abatement consideration for personal property <br />located at 325 South Walnut Street, was filed with the City Clerk by Masterbilt, Inc. <br />Pursuant to Chapter 2, Article 6, Section 2 -77 of the Municipal Code of the City of South <br />Bend, this petition was referred to the Department of Community and Economic <br />Development for purposes of investigation and preparation of a report determining whether <br />the area qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1- 12.1 -1 and <br />whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition <br />(a copy of which is attached), investigated the area and makes the following report. <br />PROJECT DESCRIPTION <br />Masterbilt, Inc. is a machine shop that supports the aerospace industry. Masterbilt <br />mainly produces components for fuel controls for Allied Signal and other aerospace <br />manufacturers. Their project calls for the purchase of one CNC 5 -axis turning center. The <br />new turning center is necessary to maintain quality and productivity. The total estimated <br />cost of the new equipment is $ 105,000. <br />1200 County -City Building • South Bend, Indiana 46601. 219/235 -9371 • Fax (219) 235 -9021 • TDD (219) 235 -5567 <br />Redevelopment Business Assistance <br />Bureau of Housing <br />Financial & Program Planning & <br />Ann E. Kolata & Development <br />Kathryn Baumgartner <br />Management Neighborhood Development <br />235 -9371 Donald E. Inks <br />521 Eclipse Place <br />Elizabeth Leonard Pamela C. Meyer <br />235 -9335 <br />235 -9475 <br />235 -9335 235 -9660 <br />Fax: 235 -9469 <br />Fax: 235 -9697 <br />