Confirming Tax Abatement - 4315 South Lafayette Blvd. - Heraeus Kulzer, Incorporated

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ASATENIENT CONSI©ERATIOtd The undersigned owners) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for a five {5}year real property tax abatement consideration and pursuant to 1_ Cam,, 6-'1.1-12.9-1, et se .and South Bend Minicipal Code Sec. ~-76 et seq., for this petition states the following: 9. Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: Heraeus Kinzer, Inc. is considering relocating its North American HQ to South Bend Indiana. The continued and increased utilization of the South Send site for distribution and manufacturing employment is enhance with operationan and financial efficiencies. As we compete for new service and manufacturing opportunities the plan for expansion utilizing the consolidated site at South Bend would be very attractive with the infrastructure being considered. Land Size 9.388 acres; Building Size 25000 sq.fit. 2. Describe the overall nature of the business and of the operations occurring a# the Property (attach additional sheet if more space is needed): Manufiacturing and Distribution of Dental Consumable Products. 3. Estimate the dollar value of the project {excluding land): $ 1 800.000 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $ 1.970.600 (fte~~ 1{?t23o`~ti)