Confirming Tax Abatement - 3311 William Richardson Court - Precision Millwork & Plastics, Inc

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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: 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: We are proposing an 11, 500 square foot addition to the rear (east) of our existing building. The addition will be for additional production space. The addition will allow us to expand our business. Land Size 3.5 acres; Building Size from 25,000 to 36,500 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): We produce custom cabinets, countertops, store fixtures and wood and plastic industrial parts. 3. Estimate the dollar value of the project (excluding land): $250,000.00 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $ 812,300 5. (a) The real property for which tax 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 Exchange Commission): NAME ADDRESS INTEREST (%) Precision Millwork & Plastics, lnc. 3311 William Richardson Court 100% (Rev 8/11/03)