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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 />COMMUNITY SL ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />May 5, 2006 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 />McCormick & Company <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 installation <br />of new equipment as part of the company's planned increase in productive capacity in its facility located at <br />3425 West Lathrop Drive. <br />The report contains the Department's findings relative to the above petition. McCormick & Company will <br />be purchasing and installing new equipment. The total project cost for the equipment is estimated at <br />$13,989,120. In addition the applicant will be expending approximately $3,300,000 for moving costs, <br />design architectural costs and construction costs to create the increased productive capacity in South Bend. <br />The project meets the qualifications for a five (5) year personal property tax abatement and a representative <br />from McCormick & Company will be available to meet with the Committee on Monday, May 22, 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 235-5826. <br />Sincerely, <br />~~ <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Sharon Kendall <br />Don Inks <br />~~~, ;~' ~ t3~~ece <br />~~~,~~ in <br />~4 AY ~ 2 2006 <br />~ahelvo~ aeNO,iN. <br />C;TY C1.=~ ~ g . <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT <br />PA\1ELA C. MEYER DONALD E. INKS <br />574/235-9660 574!235-9371 <br />FAX: 574/235-9697 <br />FINANCIAL $t PROGRAM <br />MANAGEMENT <br />ELIZABETH LEONARD <br />574/235-9371 <br />