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(.,,,,,,,, Filed in Clerk's Office <br /> -st <br /> CITY OF SOUTH BEND APR 0 3 2024 <br /> EACE ,. <br /> - = COMMUNITY INVESTMENT Bianca Tirado <br /> ,_ ; City Clerk, South Bend, IN <br /> April 3, 2024 <br /> Council Member Troy Warner <br /> Chairperson, Community Investment Committee <br /> South Bend Common Council <br /> County-City Building, 4th Floor <br /> South Bend, Indiana 46601 <br /> RE: Declaratory Resolutions j2): Personal Property and Industrial Development Real <br /> Property Tax Abatement Petition for Steel Warehouse Company, LLC <br /> Dear Council Member Warner, <br /> Please find the enclosed information pertaining to a personal property and industrial <br /> development real property tax abatements petition submitted by Steel Warehouse Company, <br /> LLC, an Indiana Limited Liability Company. This petition package includes: <br /> • Department of Community Investment's summary report <br /> • Petition for abatement <br /> • Statement of Benefits forms (SB-1 / Real Property and SB-1 / Personal Property) <br /> • Supporting information <br /> The report contains the Department's findings relative to the above-mentioned petition. The <br /> petitioner intends to construct a new building at 2803 and 2920 Tucker Drive on Steel <br /> Warehouse's Tucker Drive campus to facilitate the installation of a new leveling line and <br /> materials handling equipment. This new line will require the construction of a 30,852 square foot <br /> building to house the equipment. The company's headquarters are located at 2722 Tucker <br /> Drive, and this address is commonly used to describe the entire campus. The total investment <br /> for this project is projected to exceed $14 million. <br /> The project meets the requirements established by Section 2-84.2 and Sections 2-82 et seq. <br /> and would respectively qualify for a five-year (5) personal property tax abatement and a six-year <br /> (6) industrial development real property tax abatement. A representative from Steel Warehouse <br /> Company, LLC, will be available to meet with the Committee on Monday, April 8, 2024. <br /> If you or other Council members have questions about the report or need additional information, <br /> please feel free to call me at (574) 235-5838. <br /> Sincerely,)7)4. �� <br /> Erik Glavich <br /> Director, Growth and Opportunity <br /> EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT <br /> 1400S County-City Building 227 W.Jefferson Blvd. South Bend.Indiana 46601 p 574.235.9371 www.southbendin.gov <br />