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Confirming Tax Abatement - 3605 West Cleveland Road - Federal Mogul Powertrain, Inc.
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Confirming Tax Abatement - 3605 West Cleveland Road - Federal Mogul Powertrain, Inc.
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Last modified
11/19/2008 2:35:20 PM
Creation date
2/4/2008 8:58:13 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/25/2006
Ord-Res Number
3641-06
Bill Number
06-90
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12()(1 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 />AUgUSt lO, 2006 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 />Federal Mogul Powertrain, 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 3605 West Cleveland Road. <br />The report contains the Department's findings relative to the above petition. Federal Mogul will be <br />purchasing and installing new equipment. The total project cost for the equipment is estimated at <br />$4,779,000. The project meets the qualifications fora (5) five-year personal property tax abatement and a <br />representative from Federal Mogul will be available to meet with the Committee on Monday, August 28, <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 />Don Inks <br />Clerk's ~#~ice <br />Fi1ed In <br />AEG ~ ~ 2006 <br />J04tt VSQRBtNp,1N. <br />~~ ~IERK, <br />COMMUNITY DEVELOPMF,NT' ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 EuusErrt LEONARD <br />Fnx: 574/235-9697 574/235-9371 <br />
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