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you TR <br /> 1 200(c)Urt-Crx BurtDr.r <br /> PxotaE 574!235-9371 <br /> " i FAx 574!235-9021 <br /> 227 W.1EFF�'RS01�:80133.EVARU =,, e�.qc <br /> SovTH BEND,INDIANA 46601-1 830 \� <br /> x <br /> 1865 <br /> CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br /> COMMUNITY 8V ECONOMIC IDEVELOPMENT <br /> TAX A BA T'EMENT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: KATHY HAHN <br /> SUBJEC'T': PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> R 2 DIAGNOSTICS, INC. <br /> DATE: April 17, 2012 <br /> On April 16,2012,a petition for personal property tax abatement consideration for property located <br /> at 1801 Commerce Drive was filed with the City Clerk by R 2 Diagnostics,Inc. Pursuant to Chapter <br /> 2,Article 6, Section 2-82 of the Municipal Code of the City of South Bend,this petition was referred <br /> to 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 /> R2 Diagnostics, Inc. (R2 D)!manufactures and sells clot based diagnostic kits that test for bleeding <br /> and clotting disorders. R21)uses proteins from Enzyme Research Laboratories (ERL)to insure the <br /> highest quality final products with no lot-to-lot variation. ERL is the primary supplier of coagulation <br /> and Ebrinolytic proteins for the research community, The Company's products are distributed <br /> worldwide to researchers and pharmaceutical companies to aid in the development of novel <br /> therapeutic compounds and assays to diagnose and treat coagulation/hemostatis disorders. R21) <br /> intends to purchase equipment in the amount of$459,500 to complement current equipment in order <br /> to support client demands and higher volume. <br /> Two of the tax key numbers are in Portage Township and two of the tax key numbers are in German <br /> Township. Using tax rates for Portage Township results in$18,317 of tax being abated and using tax <br /> CommuNiTy DEvFLorN5ENT Economic DFvEioPMENT <br /> PAMELA C. MFn-R DONALD E.134ys <br /> 5741235-9660 574/235-9371 <br /> F x: 5741235-9469 <br />