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

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CITY OF SOUTH SEND PETITION FOR TANGIBLE EERSQNAL PROPE1tT'Y TAX ABATEMENT CONSIDERATION The undersigned owners} of new manufacturing equipment, personal property, located within the City of South Bend, hereby petitions the Common Council of the City of South Bend for personal property {new manufacturing equipment) tax abatement consideration and pursuant to I.C., 6-1.1-12.1, et sea~~and South Bend Municipal Code Section 2-$4.2, eta for this petition states the following: 1. Describe the proposed projecC, including information about the new manufacturing . equipment personal property ("equipment"} to be installed, the amount of land to be used, if any, the proposed use of the equipment, and a general statement as to the value of the project to your business. If approved, new manufacturing equipment will be acquired and installed under four (4) main categories: 1) New Assembly Cell Line -Chrysler 4.7L 2) Plant cost and productivi improvements and safety 3) Research and Development Equipment, and 4) Information Technology Equi ment. Federal-Mo ul Powertrain, Inc. respectfully requests the South Bend Common Council approves a 10-Year abatement for the various equipment part of this a lication. 2~. The project will create o new, permanent jobs within the first year, representing a new annual payroll of $ o and will maintain 445 existing permanent full-time and o existing part-time jobs representing an annual payroll of $ ~ 9,373,000 ,The projected annual salaries for each new position created are estimated to be as follows: The Daimler Chrysler 4.7L is new business for our facility. This new business will provide continued employment for approximately 60 full time em to ees when the roduct is at full volume in 2008. Without this, employment levels would decrease to 380-390. The 445 jobs is the estimated __ employment level at the end of 2007. 3. Estimate the total cost of the Equipment: $4,779,000 ~-. (a) The Equipment is owned or to be owned by the following individuals or corporations (if the business organization is publicly' held, indicate also Cher name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADARESS YNTEREST Federal-Mogul Corporation 26555 Northwestern Hi hwa Southfield MI 48034 100% dba Federal-Mogul Powertrain, Inc.