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1200 COUNTY-CITY BUILDING <br />227 W.JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />June 19, 2006 COMMUNITY S~ ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />Council Member Roland Kelly, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />PEI-GENESIS, INC. <br />Dear Council Member Kelly: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls for the acquisition and <br />installation of new equipment as part of the company's planned increase in productive capacity in its facility <br />located at 4747 West Cleveland Road. <br />The report contains the Department's findings relative to the above petition. PEI-Genesis, Inc. will be <br />purchasing and installing new equipment. The total project cost for the equipment is estimated at <br />$3,500,000. A review of the Tax Abatement Ordinance (no. 9394-03) finds that the petitioner meets the <br />qualifications fora (5) five-year personal property tax abatement under section 2-84.2 (Tangible Personal <br />Property Tax Abatement) for $2.3 million of manufacturing equipment, but does not meet the ordinance <br />requirements for the $1.2 million of logistical distribution and information technology equipment. Tax <br />abatement is being sought on the $1.2 million of equipment as a Special Exception. State law was changed <br />this year to provide for Tax Abatement on both logistical distribution and information technology equipment <br />A representative from PEI-Genesis, Inc., will be available to meet with the Committee on Monday, June 26, <br />2006. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5825. <br />Sincerely, <br />Sharon Terrell <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Sharon Kendall <br />Filed nrt 6el'~'~ ~f-1~~ <br />~uN 2 a 2006 <br />JOHN VSO RBE D, IN. <br />CITY CLERK, <br />Don In~MMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT <br />PAMELA C. MEVER DONALD E. INKS <br />574/235-9660 574/235-9371 <br />FAX: 574/235-9697 <br />FINANCIAL & PROGRAM <br />MANAGEMENT <br />ELIZABETH LEONARD <br />5741235-9371 <br />