03-25-13 Agenda & Packet - Laserfiche WebLink

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TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: GENERAL SHEET METAL WORKS,INC. DATE: February 21, 2013 On February 21,2013 a petition for personal property tax abatement consideration for property located at 1902 S Main Street,South Bend,is filed with the City Clerk by General Sheet Metal Works,Inc.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 Investment 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 Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY The proposed project is the purchase and installation of a new Trumpf 3030 CNC laser cutting machine costing$825,000.Using 5' X 10' sheets of steel as raw material,this machine will cut the steel in a very precise manner to manufacture steel products, or parts,to customer specifications. The project serves to increase their production capacity to meet the growing demands of their customers. The Trumpf 3030 incorporates the very latest technologies to maximize speed and accuracy. The second phase of the project will be a CNC Tube Bender manufactured by LVD Company. This machine will expand their capabilities by allowing them to bend steel tube,of up to five inch dimensions, into parts supplied to manufacturers of industrial products. The rollover protection system (roll bars) found on commercial lawn equipment would be an example of a product manufactured by this equipment.