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Filed in Clerk's Office <br /> 4SpL1T11 <br /> =AN <br /> KAREEMAH FOWLER <br /> I '/ CITY CLERK,SOUTH BEM),IN <br /> CITY OF SOUTH BEND <br /> COMMUNITY INVESTMENT <br /> JAMES MUELLER, EXECUTIVE DIRECTOR <br /> January 22,2019 <br /> Council Member Gavin Ferlic,Chairperson <br /> Community Investment Committee <br /> South Bend Common Council <br /> 4th Floor,County City Building <br /> South Bend,IN 46601 <br /> RE: Vacant,Real&Personal Property Tax Abatement Petition for: SWGS Properties,LLC <br /> Dear Council Member Ferlic: <br /> Please find the attached information pertaining to a vacant,real and personal property tax abatement petition <br /> submitted by SWGS Properties, LLC to purchase a vacant building located at 2920 W Sample St. South <br /> Bend,IN 46619 and new equipment for fabrication of steel products.The business,a distributor for hot and <br /> cold rolled metal products for steel industry, was formed in 2015 and has overgrown its existing facility <br /> 10,000 sq ft in Mishawaka,IN.This petition package includes: <br /> > Department of Community Investment's summary report <br /> > Petition <br /> ➢ Statement of Benefits forms(Vacant Building,Real and Personal properties) <br /> > Supporting information <br /> The report contains the Department's findings relative to the above petition. The petitioner proposes to <br /> purchase the vacant building for$765,000, invest in its renovation approximately$500,000 and purchase <br /> new equipment with estimated cost of$700,000. A total project cost is approximately $2,000,000. A <br /> representative from SWGS Properties, LLC will be available to meet with the Committee on Monday, <br /> January 28,2019. <br /> Should you or any of the other Council members have any questions concerning the report, or need <br /> additional information,please feel free to call me at 235-5823. <br /> Sine rely, <br /> 010 <br /> Dani. quc e 4 er <br /> Director,Business Development <br /> DANIEL j.BUCKE.VMEYER ALKEYNA ALDRIDGE PASIEL',MEYER TIM CORCORAN <br /> BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOwEFU ENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION ; INCLUSION I EMPOWERMENT <br /> 1400S County-City Building;227 W.Jefferson Blvd.j South Bend,Indiana 466011p 574.235.9371 I www.southbendin.gov <br />