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South Bend Redevelopment Commission <br />Regular Meeting - January 16, 1998 <br />6. NEW BUSINESS (CONT.) <br />c. continued.... <br />Nancy Van Scoyk gave the staff report on <br />this project. <br />Huckins Tool & Die Company, Inc. is the <br />designer and builder of tools, dies, <br />fixtures, gauges, and special machines for <br />the automotive, farm implements and earth <br />moving industries. The company is <br />presently planning an expansion with the <br />following new personal property being <br />purchased, two Vertical Knee CNC <br />Milling Machines with tooling, software, <br />one Lathe -17" turning capacity by 6' bed, <br />and two Surface grinders. The estimated <br />total project cost is $157,000. These new <br />capital improvements will allow the <br />company to achieve future growth, enter <br />new markets and maintain its existing <br />quality. Per the petition, it is that this <br />project will create four (4) permanent jobs <br />within the first year, representing a new <br />annual payroll of $150,000 and will <br />maintain 31 existing permanent full -time <br />jobs and existing part-time jobs <br />representing an annual payroll $1,262,300. <br />A review of the tax abatements previously <br />granted finds that Huckins Tool & Die <br />Company has not been granted previous <br />tax abatements. The building <br />commissioner has reviewed the petition <br />and finds the property to be properly <br />zoned for the proposed project. A review <br />of the South Bend Redevelopment <br />designation areas finds that the property is <br />located in the Sample -Ewing Development <br />F:\I TOME\ CPHIPPS \WPDATA \COMMSN\011698.MIN -6- <br />