Confirming Tax Abatement - 3605 West Cleveland Road - Federal Mogul Powertrain, Inc.

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South Bend Common Council RE: Federal Mogul Powertrain August 10, 2006 Page 2 EMPLOYMENT IMPACT Per the petition, it is estimated that the total project will not create any new, permanent, full-time jobs; however because the Daimler Chrysler 4.7L is new business for the facility, it will provide continued employment for approximately 60 full-time employees when the product is at full volume in 2008. The project will maintain 445 existing, permanent full-time jobs representing an annual payroll of $19,373,000. ABATEMENT QUALIFICATION 1. 2 A review of the tax abatements previously granted, finds that the petitioner has been granted or associated with 12 (twelve) previous tax abatements: Term/Type 5-year personal property 5-year personal property 3-year real property 5-year personal property 6-year real property 5-year personal property 5-year personal property S-year personal property 10-year personal property 5-year personal property 5-year personal property 10-year real property Resolution No. Date 3232-03 08/25/2003 3086-02 04/22/2002 3085-02 04/22/2002 2930-00 09/25/2000 2686-98 10/26/1998 2685-98 10/26/1998 2174-94 09/26/ 1994 2057-93 07/26/1993 2056-93 07/26/1993 1864-91 04/22/ 1991 #R07-86 05/13/1986 #R07-86 05/13/1986 The Building Commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the Airport Economic Development Area, which is a Tax Incremental Allocation Area; therefore, the petition for personal property tax deduction must first be approved by the South Bend Redevelopment Commission. 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications fora (5) five-year personal property tax abatement under section 2-84.2, Tangible Personal Property Tax Abatement.