Confirming Tax Abatement - Curtis Products Inc 228 E. Bronson St. (5 Yr. Personal Property)

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TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: CURTIS PRODUCTS, INC. DATE: November 16, 2012 On November 15,2012,a petition for personal property tax abatement consideration for property located at 228 East Bronson Street was filed with the City Clerk by Curtis Products,Incorporated. Pursuant to Chapter 2, Article 6, Section 2-84.2 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic?Deyelopment has reviewed the petition,investigated the area, and makes the following report. PROJECT SUMMARY Curtis Products,Inc. fabricates metal tubing and related assemblies for customers engaged primarily in the agricultural industries throughout the United States. The equipment to be purchased includes a Socco electric CNC tube blender, a hose crimping machine, four tank cleaning lines with hoist and automation,a Manchester M78 end forming machine,a MK2 Pillar induction braze machine, and an air compressor 60 HP. The total cost of the equipment is estimated to be $674,678.