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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 ~ ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />RYAN FIREPROTECTION, INC. <br />DATE: December 17, 2007 <br />On December 12, 2007, a petition for real property tax abatement consideration for property located <br />at 3950 William Richardson Court was filed with the City Clerk by Bingham Economic <br />Development Advisors on behalf of Ryan Fireprotection, Incorporated. 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, investigated <br />the area, and makes the following report. <br />PROJECT SUMMARY <br />Ryan Fireprotection, Inc. is a leader in the engineering, design and construction of fire protection <br />systems. It is currently leasing a facility in South Bend where it employs seventeen (17) people. The <br />lease on the existing building will expire in early 2008 and the company has decided to construct a <br />new, larger facility to meet their increasing space requirements due to strong sales growth in this <br />region: The facility will be used for some light fabrication of fire protection systems and storage of <br />parts. It will also serve as a base for repair and installation employees to work from. It is anticipated <br />that the facility will serve clients within a 100 mile radius of South Bend. The new building will <br />contain 30,000 square feet and be expandable up to a total of 50,000 square feet. The estimated cost <br />of the building is $1,1.03,650. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT ~ FINANCIAL & PROGRAM <br />PAMELA C. I14EYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD <br />FAX: 574/235-9697 ~ ~ 574/235-9371 <br />