Laserfiche WebLink
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 $L ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: SHARON TERRELL <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />LNW PARTNERS, LLP, d/b/a We R Xhibits, Inc. <br />DATE: July 17, 2006 <br />On June 26, 2006, a petition for real property tax abatement consideration for property located at <br />4260 Ralph Jones Drive was filed with the City Clerk by LNW Partners, LLP. Pursuant to Chapter 2, <br />Article 6, Section 2-82 of the Municipal Code of the City of South Bend, this petition was referred to <br />the Department of Community and Economic Development for purposes of investigation and <br />preparation of a report determining whether the area qualifies as an Economic Revitalization Area <br />pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of <br />which is attached}, investigated the area, and makes the following report. <br />PROJECT SUMMARY <br />LNW Partners, LLP, d/bfa We R Xhibits, Inc., is afull-service exhibit business that designs and <br />manufactures trade show exhibits. They provide a full line of services from the design and <br />manufacture of exhibits, to trucking the clients' exhibits to their destination, to setup and break down <br />of the exhibits and, finally, storage of the clients' trade show exhibits. The company plans to <br />construct a 13,500 square foot addition onto the existing 24,000 square foot building. The new <br />structure will permit the petitioner to store the clients' exhibit properties, as well as allow the firm to <br />expand its manufacturing area. The addition will also be used as an exhibit set-up area to facilitate <br />production, refurbishing, and client viewing. The estimated cost of the addition is $300,000. Total <br />taxes abated during the (7) seven-year abatement period is $40,914. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HC PROGRAM <br />PahteLA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 E[tuaerH LEONARD <br />FAX: 5741235-9697 574/235-9371 <br />