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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOLR.EVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PxoNE574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />June 19, 2006 COMMUNITY ~ 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, IlV 46601 <br />RE: Commercial Real Property Tax Abatement Petition for: <br />Tuliptree Associates, LLC/PEI-Genesis, Inc. <br />Dear Council Member Kelly: <br />Please find attached the Department of Community & Economic Development's report on a <br />commercial real property tax abatement petition for the above referenced petitioner for expansion of <br />a facility located at 4747 West Cleveland Road. Also attached is a copy of the petition, Statement of <br />Benefits form, and supporting information. <br />The report contains the Department's findings relative to the above petition. The petitioner, <br />Tuliptree Associates, LLC/PEI-Genesis, Inc., proposes to purchase and develop a 20-acre site with <br />construction of a 142,400 square feet manufacturing facility. The total cost is estimated to be <br />$7,250,000. Tuliptree Associates, LLC/PEI-Genesis, Inc., is seeking an (8) eight-year real property <br />tax abatement and a representative of Tuliptree Associates, LLC/PEI-Genesis, Inc., will be available <br />to meet with the Committee on Monday, June 26, 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 />Don Inks <br />~~,GO <br />Ft, O ti~~~ <br />~~N 2 <br />~~~N~ SQP~E O,~N' <br />C~ GLE`" , <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL $C PROGRAM <br />PAMELA C. MEYER DONALD E. INKS IVIANAGEMENT <br />5741235-9660 574/235-9371 ELlzaeerH LEONARD <br />FAX: 574/235-9697 574/235-9371 <br />