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1200 COUNTY-CI'T'Y I~UILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574/235-9371 <br />FAx 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 />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPOR T <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: KATHY HAHN <br />SUBJECT: REAL PROPERTY TAX ABATEMENT PETITION FOR: <br />Olive Cleveland Partners LLC <br />DATE: August 15, 2007 <br />On August 14, 2007, a petition for real property tax abatement consideration for property located in <br />the Airport Economic Development area was filed with the City Clerk by Olive Cleveland Partners <br />LLC. Pursuant to Chapter 2, Article 6, Section 2-82 of the Municipal Code of the City of South <br />Bend, this petition was referred to the Department of Community and Economic Development for <br />purposes of investigation and preparation of a report determining whether the area qualifies as an <br />Economic Revitalization Area pursuant to I.C.6-1.1-12.1. and whether all zoning requirements have <br />been met. <br />The Department of Community and Economic Development has reviewed the petition, investigated <br />the area, and makes the following report. <br />PROJECT SUMMARY <br />Petitioner plans to construct a 104,000 square foot, or 208,000 square foot Class A <br />warehouse/distribution center in the Airport Economic Development area. The new warehouse will <br />facilitate the relocation and expansion of Invacare Corporation from 48,000 square feet in 3507 <br />Olive Rd. to 64,000 square feet in the new building. Hilti, Inc. , a current tenant in 3507 Olive Road, <br />will expand into 8,000 square feet of the old Invacare space. Prospective tenant DHL may occupy <br />50,000 to 60,000 square feet in the new warehouse and plans to double its workforce, bringing 4 new <br />employees to this area. The warehouse will be of a modern bulk space design with a clear height of <br />32 feet which is a new product for the South Bend market. The project will be carried out in two <br />phases. In each phase, 104,000 square feet of space will be constructed. Timing for construction of <br />the second phase will depend on market conditions. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL A' PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD <br />FAX: 574/235-9697 5741235-9371 <br />