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1200 COLJN'FY-CITY BUILDING <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 ~ ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />March 4, 2008 <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 />TRIANGLE MACHINE, INC. <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 a new machine that will enable the company to complete certain work in-house that it is now <br />outsourcing. The company's location is 3702 West Sample Street (the Sample Street Business Complex, <br />Suite 1125). <br />The report contains the Department's findings relative to the above petition. Triangle Machine will be <br />purchasing and installing new equipment. The total project cost for the equipment is estimated at $75,856. <br />The project meets the qualifications fora (5) five-year personal property tax abatement and a representative <br />from Triangle Machine, Inc. will be available to meet with the Committee on Monday, March 24, 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 />Q ~~'f4~~ <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 />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELCZaeErtt LEONARD <br />FAX: 574/235-9697 574/235-9371 <br />