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

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�SpU TH 8� O �\�Il��l��/��i�'�O 12��COUNTY-CITY BUILDING ..�"r ��\ /�� PxoNE 574/235-9371 ZZ7 W.JEFFERSON BOULEVARD � �� \� �� ~ FAX 574/235-9021 W �� PEACE// � �\ "�i $OUTH BEND,INnuuvA 46601-1830 �"� �� .,�� I865 CITY OF SOU"1'H BEND STEPHEN J. LUECKE, MAYOR COMMUNITY HL ECONOMIC DEVELOPMENT JEFFREY V. GIBNEY EXECUTIVE DIRECTOR TAX ABA TEMENT REPOR T TO: SOUTH BEND COMMON COUNCIL FROM: BOB MATHIA SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: OLIVER PLOW PARTNERS,LP DATE: February 2, 2011 On February 2,2011,a petition for real property tax abatement consideration for property tentatively identified as 815 Oliver Plow Court (currently identified as the east 4.4 acres of Lot 8 Oliver Plow Works, 1 S'Major, Sec 3 and which is being replatted)was filed with the City Clerk by Oliver Plow Partners, LP. Pursuant to Chapter 2, Article 6, Section 2-82 of the Municipal Code of the City of South Bend,this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition,investigated the area, and makes the following report. PROJECT SUMMARY The petitioner, Oliver Plow Partners, is in the process of purchasing 4.4 acres in the Oliver Plow Industrial Park from the South Bend Redevelopment Commission. Oliver Plow intends to construct a warehouse/distribution facility to accommodate a tenant,ABC Supply Company Incorporated. The building will have approximately 40,800 square feet. It will be a pre-engineered steel faciliiy with a masonry wainscot or fa�ade. The building will be of high quality and will match the character of the surrounding industrial uses near to the property. The estimated cost of the building is $1,750,000. 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 found within Oliver Plow Industrial Park. The Petitioner has just begun collecting information on potential suppliers and contractors for the COMMUNITY DEVELOPMENT ECONOMIC DEVEI.OPMENT FINANCIAL&PROGRAM PAMELA C.MEYER DONALD E.INKS MANAGEMENT 574/235-9G60 574/235-9371 EciznsETx LEONARD Fnx: 574/235-9469 574/235-9371