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2. Describe the overall nature of the business and of the operations occurring <br />at the Property (attach additional sheet if more space is needed): <br />Currently, the parcel described herein is vacant, unimproved land. <br />LMM is a leading provider of mail assembly, direct mail marketing, daily <br />mail processing and document creation services. <br />If the LMM receives the requested tax abatements, it intends to offer the <br />following services from this location: <br />• Daily Mail Services including Premier Post®, Premier Post® Flats, <br />Option Free®, Option Free® Governmental, Option Free® <br />University, SortMaxT"", Mail ExpressT"' <br />• Direct Mail Assembly Services <br />• Direct Mail Campaign Development and Management <br />• Production Services_ for MailProT"~' clients. <br />• Document creation and statement processing through RIPDocs° <br />The services described above represent LMM's core functionality and <br />involve the use of high=speed, technology-based equipment for the <br />manufacture, assembly and processing of data, documents, direct mail, <br />parcels, and First-Class mail for final delivery by the United States Postal <br />Service, FedEx, UPS and similar carriers. <br />3. Estimate the dollar value of the project (excluding land): <br />The value of this petition (excluding the land price) is $720,000.00. This <br />value excludes any tangible personal property (including manufacturing, <br />R&D equipment, logistical distribution equipment and IT equipment) that <br />may be installed by LMM. LMM intends to seek tax abatements on select <br />tangible personal property under a separate petition to the Common <br />Council of the City of South Bend. <br />4. The current assessed valuation of the real property before rehabilitation, <br />redevelopment, economic revitalization, or improvement: <br />$64,700.00 (3/01 /2006) <br />2 <br />(Rev 12/29/06) <br />