Confirming Tax Abatement - Lock Joint Tube LLC and/or its affiliates 1217 S. Walnut Street (5 Yr. Real Property)

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I.C. § 6- 1.1- 12.1 -1 et seg., and South Bend Municipal Code Section 2 -76, et 5eMc ., for this petition states the following: 1. Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business. Lock Joint Tube, LLC and /or its affiliates (the "Petitioner ") manufacturers mechanical and structural Grade steel tubing in Indiana (and other states) for use in various industries, including (among others) thers) automotive, recreational vehicle, office /furniture, healthcare and construction. The proposed project includes new investment in two primary building projects, including (1) the removal and reconstruction of a new and raised roof structure (raised from 15' to 40') covering approximately 60,000 square feet of manufacturing space; and (2) a new building addition containing approximately 30,000 square feet to be used for additional manufacturing storage and shipping space, all located at the Lock Joint Tube, LLC facility on S. Walnut Street in South Bend. The Petitioner anticipates that these real estate investments will cost between $1,000,000 and $1,600,000. This proposed investment is being considered in connection with Petitioner's investment of between $8,000,000 and $9,000,000 in new manufacturing equipment (to be located within the real estate subject to this Petition) in order to (a) increase Petitioner's production capabilities, including the thickness, width and overall length of steel tubing manufactured by Petitioner, and (b) expand existing business and gain entry into new markets. Land Size 13.45 acres; Building Size 30,000 sq. ft. (new building addition) together with new roof structure over 60,000 sq. ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (Please attach additional sheet if more space is needed): As noted above, Petitioner manufacturers mechanical and structural grade steel tubing in Indiana (and other states) for use in various industries, including (among others) thers) automotive recreational vehicle office /furniture healthcare and construction. This proposed project (and its proposed investment in new manufacturing equipment) is intended to significantly increase Petitioner's production capabilities and expand the types of products that Petitioner can manufacture and the markets Petitioner serves, including new products such as automotive axles, roll -over_ protection systems and other heavy structural applications.