Laserfiche WebLink
1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 5741235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: SHARON TERRELI~ <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />FEDERAL MOGUL POWERTRAIN <br />DATE: August 10, 2006 <br />On July 28, 2006, a petition for personal property tax abatement consideration for property located at 3605 <br />West Cleveland Road was filed with the City Clerk by Federal Mogul Po~vertrain. Pursuant to Chapter 2, <br />Article 6, Section 2-84.2 of the Municipal Code of the City of So11th Bend, this petition was referred to the <br />Department of Community and Economic Development forpurposes of investigation and preparation ofa <br />report determining whether the area qualifies as an Economic Revitalization Area pursuant to <br />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 which is <br />attached), investigated the area, and makes the following report. <br />PROJECT SUMMARY <br />Federal Mogul is a manufacturer of automotive pistons. Customers include most of the major foreign and <br />domestic automotive manufacturers. Operations in South Bend began in 1987. The project will invest <br />$4,779,000 in new manufacturing equipment which will be acquired and installed under four categories: <br />1) a new assembly cell line -Chrysler 4.7L (the Daimler Chrysler 4.7L is new business for Federal <br />Mogul); 2) productivity improvement and safety; 3) research and development and 4) information <br />technology. Total taxes to be abated during the (5) five-year abatement period is estimated at $291,161. <br />COMMUNITY DEVELOPMENT' ECONOMIC DEVELOPMENT FINANCIAL SC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 Euzaeerx LEONARD <br />PAX: 574/235-9697 574/235-9371 <br />