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Filed in Clerk's Office <br />st 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,) <br />7) <br />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 />Bill No. 24-12