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1200 COUNTr-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/ 235-9371 <br />Fwx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~L ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />February 7, 2008 EXECUTIVE DIRECTOR <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development Committee , <br />South Bend Common Council ~' <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />LAKE MICHIGAN MAILERS, INC. (JADE ELEPHANT HOLDING, LLC) <br />Dear Council Member Dieter: <br />Please find attached the Department'of Community & Economic Development's report on a personal. <br />' property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls for the acquisition and <br />installation of new equipment as part of the company's planned start-up of its new mail assembly and <br />document processing facility to be located at 3445 William Richardson Drive. The site is currently owned <br />by Ancon Construction Company, Inc. It will be purchased by Jade Elephant Holding, LLC who will in turn <br />lease the site to Lake Michigan Mailers, Inc. <br />The report contains the Department's findings relative to the above petition. Lake Michigan Mailers, Inc. <br />will be purchasing and installing the new equipment. The total project cost for the equipment is estimated at <br />$1,216,873. The project meets the qualifications fora (5) five-year personal property tax abatement and a <br />representative from Lake Michigan Mailers will be available to meet with the Committee on Monday; <br />February 25, 2008. <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 235-5835. <br />Sincerely, <br />Bob Mathia <br />Assistant Director,- <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT -' FINANCIAL HC PROGRAM <br />PA;AELA C. MEYER _ DONALD E. INKS MANAGEMENT <br />574P235-9660 574/235-9371 ELIZABETH LEONAkD <br />'' FAx: 5741235-9697 574/235-9371 <br />