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19-08 SWGS Properties, LLC Confirming Tax Abatement
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19-08 SWGS Properties, LLC Confirming Tax Abatement
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2/6/2019 9:15:32 AM
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2/6/2019 9:15:27 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/11/2019
Bill Number
19-08
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City of South Bend <br /> Petition for Incentives <br /> Petition must Include a$250 filing fee payable fa the City Clerk's Office or online via the City's website at Lt7 <br /> rnus <br /> http://southbendln.gov/government enntentftar•abatement before proceesing con bs complete <br /> General Information Project Name Project Number IEDC#420573 <br /> Legal <br /> a <br /> nne as registoreatar's'with Secretaof Grace Steel Corporation (Adding Grace Steel, LLC in coming days with Tax FEIN) <br /> it <br /> Bus:net structure Grace Steel LLC would be Joint Venture with Steel Warehouse(Female Owned) <br /> Company website .r <br /> www.gracesteelservice.com "' S �` ' f"'�- �r s, Ce. C <br /> Proposed Project Information <br /> Proposed protea address 2920 West Sample St Pate n:company none Grace Steel Corporation <br /> City,Stitt,Zip South Bend, IN 46619 Legal°"'"ar Pam Andre(Female owned) <br /> Site acreageor'create requked Is the real.utata owned or Would be Owned <br /> leased <br /> Square rrc of facility 73,000 If leased by v,hom <br /> Primary Contact Information <br /> Primary\sompany contact name David Andre Title President <br /> Address afcompany twnMd 21601 Durham Way Phone 574-536-2445 <br /> City,bra e,Zip Bristol, IN 46507 Erna <br /> -' davidandre@gracesteelservice.com <br /> Senior Official Information <br /> Company Semon official soma Same as above rit,t <br /> address of company contact(if different from 'Phone <br /> above! <br /> City,Ste e.Zip Email <br /> Consu tant Information/Agent <br /> Hired baBess consultant/agent Hume 'RSM US LLP/Eric Lovenhagen Consultant rttlease('!Ni Y <br /> Address 9225 Priority Way W Drive#300 touiemnomlcdavebprnentwrtnen <br /> approval(T/1 <br /> City.eta a,Zip Indianapolis, IN 46240 em" <br /> Project Overview <br /> Brief detrlption of your <br /> compan,,project,and why the Grace Steel has outgrown its existing facility 10,000 sq ft in Mishawaka, IN as a <br /> property isnecessary for distributor for hot and cold rolled metal products for steel industry and other industrial <br /> econom?,growth markets. We are seeking potential sites of 70,000 sq ft or larger for growth. Evaluation <br /> criteria include site location, economic incentives and labor force. The potential South <br /> Bend site is 73,000 sq ft and has been vacant for 6 years and under utilized for the past <br /> 15 years. It is located in Urban Enterprise Zone Grace Steel is looking to grow in either <br /> Indiana or Michigan to serve a large vendor at Steel Warehouse with up to 15 new jobs <br /> above State/County average wage. There is opportunity to form a joint venture with this <br /> vendor for steel product manufacturing/distribution to save on shipping costs and <br /> streamline efficient operations. We respectfully request analysis for Vacant Building <br /> Deduction Tax Abatement or TIF Funding compared with Enterprise Zone savings over <br /> 10 years to achieve this growth plan and major investment into this building. I <br /> Cenified\techno:ogyParkappropoiabe <br /> Filed in Clerk's office <br /> No <br /> Is the ptgject In a Tax Inassnantat ilnancmg Yes (Sample Street Corridor) <br /> RIF 1 arta?If so,v,h'cr1? <br /> Certify that the Building permit has not been Y. `Number of residential units awed by 0 <br /> iswedMti) ,pr°lett , <br /> If this 1sa petition for personal property tor abatemrnI,has No __ <br /> the equipment been installed t K41EE. • •'•^`'' LEO <br /> CITY CLEF^ SEND,IN <br /> Investment Details <br /> Public tr/rastructurn needs(Off- Has any SO4 h,nd.ng been What is the value of lay equipment being purchased in What is the value of any equipment being <br /> site'f project la dollars) raptvsd? Indiana for the protect? purchased from oat of ata for du project? <br /> N/A No $350,000 $350,000 <br />
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