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September 6, 2022 <br />CITY OF SOUTH BEND <br />COMMUNITY INVESTMENT <br />Council Member Rachel Tomas Morgan , Chairperson <br />Community Investment Committee <br />South Bend Common Counc il <br />4th Floor, County City Building <br />South Bend , IN 46601 <br />OCT 1 9 ?022 <br />L ____ --· <br />RE: Personal Property Tax Abatement Pe ti t ion for Steel Warehouse Company LLC <br />Dear Council Member Tomas Morgan : <br />...J <br />-'") IN <br />Please find the enclosed information pertain ing to a personal property tax abatement petition <br />submitted by Steel Warehouse Company LLC to purchase new equipment to be used in a facility <br />at 2722 W Tucker Drive, South Bend , IN 46619. This petition package includes : <br />► Department of Communi t y Investment's summary report <br />► Petition <br />► Statement of Benefits forms (Personal Property) <br />► Supporting information <br />The report contains the Department's findings relative to the above petition . The petitioner plans <br />to purchase and install machinery at the estimated cost of $3 ,697 ,000. The investment will expand <br />the company's cold reducing mill operations and enable it to hire ten to twelve additional workers . <br />A representative from Steel Warehouse Company LLC will be available to meet with the <br />Committee on Monday , September 12 , 2022. <br />Should you or any of the other Council members have any questions concerning the report, or <br />need additional information , please feel free to call me at (574) 235-5898. <br />Caleb Bauer <br />Acting Executive Director <br />Department of Commun ity Investment <br />EXC EL LE NCE ACCOUNTABI LI TY INNOVATION INC LUS ION EMPOWERMEN T <br />1400S Coun ty-City Buil d ing 227 \/1/. Jeffer son Blvd. Sou t h Bend , Indiana 46601 p 574.235 .93 71 www sout hbendi n.gov