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City of South Bend <br /> Petition for Incentives ) <br /> Petition mutt Include a$250 filing fee payable to the City Clerk's Office or online via the City's website at <br /> http/jsouthbendln,gov/pavernment reontenVtax-abatement before proceutng con bt complete aro <br /> Gene•I Information Project Name 1 I Project Number IEDC#420573 <br /> Legal nine as registered with Secretary or <br /> ,u Grace Steel Corporation (Adding Grace Steel, LLC in coming days with Tax FEIN) <br /> eusinec structure <br /> Grace Steel LLC would be Joint Venture with Steel Warehouse(Female Owned) <br /> CamparVws deeg ✓-w'c~s- /''- 4 x+ <br /> WVVNl. raCBSteeISBfVICe.COm ' S s` <br /> Propo;ed Project Information <br /> Proposes prosect a deirrsa 2920 West Sample St Parent company name <br /> Grace Steel Corporation <br /> City,stye,zip South Bend, IN 46619 Legal ownav <br /> Pam Andre(Female owned) <br /> Silo acreage or engage requited I5 the real estate owned or <br /> Would be Owned <br /> inatad <br /> Square bet of facility If!eased by a born <br /> 73,000 <br /> Primary Contact Information <br /> Primary Oompany contact nude Sitio <br /> David Andre President <br /> Address of company°India <br /> 21601 Durham Way MONS 574-536-2445 <br /> c ty,sea f,zip Bristol, IN 46507 °' ' <br /> davldandre@gracesteelservice.com <br /> Senior Official Information <br /> Company senior Official Reale Tldt• <br /> I Same as above <br /> .Address\af company contact(if different hem f <br /> Phone <br /> bowl <br /> City,Rs e,Zip <br /> Email <br /> Consu tant Information/Agent <br /> Hired besints%con:Wtant/agent name Con sutta nt release(y/NI I <br /> RSM US LLP/Eric Levenhagen <br /> Address <br /> 9225 Priority Way W Drive#300 Local amnomlcdevelopment p,rmm <br /> approval iy/N1 <br /> Citysea s,Zip Indianapolis, IN 46240 Erna.' <br /> Project Overview <br /> Eriefdesription of your <br /> romped,.project,and why the Grace Steel has outgrown its existing facility 10,000 sq ft in Mishawaka. IN as a <br /> property is necessary for distributor for hot and cold rolled metal products for steel industry and other industrial <br /> attain OM' 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 buiildinga. r 1' �1�s <br /> 'Certifedtrechnoiogy Park appropriate FiledinL P s JI I ice <br /> No <br /> Is the prrsiect let a lax Incremental Financing - - —'- <br /> ,JFifl,ra'a?Hsp.xt,ichz Yes (Sample Street Corridor) <br /> Certify that the auliding Permit has not been Y Number Of residential units created try JAN ' /U119 <br /> III/sett/to 0 <br /> III/sett/to <br /> if this lea petition for personal property tats abatement,has <br /> the equipment been Instant—el No -— <br /> CfTY CLERK SC +TH SEND,IN <br /> 'Investment Details — <br /> Public infrastructure needs(Off- Has any SG1 hording been What is the value of any aquip.yent being purchased in Whar'r the value of any equipment tieing <br /> seta of project In donors) mermen Indiana for the project? purchased from oat of state for toe project? <br /> N/A No $350,000 <br /> $350,000 <br />