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Filed in Clerk's Office <br /> fI r` APR 0 3 2019 <br /> KAREENixH BOWLER <br /> `•. CITY CLERK,SOUTH BEND,IN <br /> CTh <br /> _�ITY OF SOUTH BEND <br /> CO AMU \ ITY INVESTME\T <br /> Council Member Gavin Ferlic, Chairperson April 3,2019 <br /> Community Investment 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: Molding Products, LLC <br /> Dear Council Member Ferlic: <br /> Please find attached the Department of Community Investment's report on a personal property tax <br /> abatement petition for the above-referenced petitioner. Also attached is a copy of the petition,Statement of <br /> Benefits form, and supporting information. The project calls for the acquisition and installation of new <br /> equipment as part of the company's planned increase additional mixing capacity and upgrade the storage <br /> vessels for raw materials. The company is located on 1545 S. Olive Street, South Bend. <br /> The report contains the Department's findings relative to the above petition. Molding Plastics will be <br /> purchasing and installing new equipment with an estimated cost of$5,000,000. The project meets the <br /> qualifications for a (5) five-year personal property tax abatement and a representative from Molding <br /> Products will be available to meet with the Committee on Monday,April 8th,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 235-95823. <br /> Sincerely, <br /> Dan 1 Buckenmeyer <br /> Director Economic Resources&Business Development <br /> DANIEL J.BUCKENMEVER ALKEYNA AI.DRIDGE PAMELA MEYER TIM CORCORAN <br /> BUSINESS DEVELOPMENT ENGAGEMENT&ECONOMIC EMPOWERMENT NEIGHBORHOOD DEVELOPMENT PLANNING&COMMUNITY RESOURCES <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend,Indiana 46601 p 574.235.9371'www.southbendin.gov <br />