Confirming Tax Abatement - 3445 William Richardson Drive - Lake Michigan Mailer, Inc (Jade Elephant Holding, LLC)

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CITY OF SOUTH BEND PETITION FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of new manufacturing equipment, personal property, located within the City of South Bend, hereby petitions the Common Council of the City of South Bend for personal property (new manufacturing equipment) tax abatement consideration and pursuant to I.C., 6 -1.1 -12.1, et seq., and South Bend Municipal Code Section 2 -84.2, et seq., for this petition states the following: 1. Describe the proposed project, including information about the new manufacturing equipment personal property (equipment) to be installed, the amount of land to be used, if any, the proposed use of the equipment, and a general statement as to the value of the project to your business. Pending the granting of the tax abatement, Ancon Construction Company, Inc. ( Ancon) of Goshen, Indiana has proposed to Jade Elephant Holding LLC (JEH) of Mattawan, Michigan and Lake Michigan Mailers, Inc. (LMM) of Kalamazoo, Michigan to sell to JEH the property described herein and construct a mail assembly and document processing facility of the size herein described. This facility will be leased by JEH to LMM under a long -term lease. This facility represents. the largest facility construction project undertaken by LMM since 1999. The facility described herein is a critical component of LMM "s long -term strategy for serving customers in Northern Indiana for the provision of mail assembly, daily mail processing and document creation. The facility will also serve as a "hot site" for disaster recovery for LMM's document creation and mail assembly operations located in Kalamazoo, Michigan. The facility will also serve as a sales facility and customer training site for customers located in Northern Indiana. The building will initially be constructed as a single story facility of approximately 13,000 square feet on the parcel described herein (currently owned by Ancon). It is essential to LMM's strategic plan that the facility described herein be expandable to meet anticipated volume growth and evolving technology. As such, the site plan for the facility includes options for substantial building expansion so as to accommodate additional processing and assembly volumes. Land Size 4.75 acres; Building Size: 13,000 sq.ft. (Initial size only.) (Revised 8/2/02)