Confirming Tax Abatement - South Bend Redevelopment Commission/Oliver Plow Partners LP (7 Yr. Real Property)

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I•C•, 6-1.1-12.1-1, et seq•, and South Bend Municipal Code Sec.2-76 et seq•,for this petition states the following: 1. Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: This is the redevelopment of an urban, brownfield land site that has been remediated by the City of South Bend in preparation for redevelopment into a productive building site. The new industrial facility, to be located in the Oliver Plow Industrial Park,will be a pre- engineered steel facility with a masonry wainscot on fa�ade. The new facility will be of high-quality and will match the character of the surrounding industrial uses in close proximity to this paxcel. This is a new, improved location and building for ABC Supply Company to run their operation in this region. Land Size +/- 4.4 acres; Building Size +/- 40,800 sq.ft. 2. Describe the overall nature of the business and of the operations occurring at the Property(attach additional sheet if more space is needed): ABC Supply Company is a distributor of exterior housing products. They are a primary supplier to the construction industry which will match the current uses which are : currently located within the Oliver Plow Industrial Park. 3. Estimate the dollar value of the project(excluding land): $ 1,750,000 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $N/A 5. (a) The real property for which tag abatement consideration is petitioned (Property) is owned or to be owned by the following individuals or corporations (if the business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Ezchange Commission): NAME ADDRESS INTEREST Oliver Plow Partners, L.P. 227 S. Main Street, Ste. 300 100% (Rev 10/23/06) j :