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CITY OF SOUTH BEND PETITION FOR <br />TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION <br />The undersigned owner(s) of new manufacturing equipment, personal property, located <br />within the City of South Bend, hereby petitions the Common Council of the City of South Bend for <br />personal property (new manufacturing equipment) tax abatement consideration and pursuant to I.C. <br />6-1.1-12.1-1 et seg., and South Bend Municipal Code Section 2-84.2 et seg., for this petition states <br />the following: <br />Describe the proposed project, including information about the new manufacturing <br />equipment personal property ("equipment") to be installed, the amount of land to be used, if <br />any, the proposed use of the equipment, and a general statement as to the value of the project <br />to your business. <br />This proposed project consists of the acquisition and installation of new to isg_ tical <br />distribution and information technology equipment, including_without limitation, warehouse <br />racking systems fork lifts pallet movement mechanisms, GPS monitoring and tracking <br />systems and related systems for use in 5tanz's full line food service distribution business. <br />This equipment will complement Stanz's investment in real estate improvements and its <br />commitment to growing_its distribution headquarters and business in South Bend. The entire <br />cost for this proposed investment is estimated to be between $300,000 to $700,000 for <br />logistical distribution equipment and between $50,000 and $150,000 for information <br />technology equipment. <br />2. This investment complements the substantial investment Stanz is making in new real estate <br />construction and rehabilitation at Stanz's primary warehouse and distribution facility located <br />at 1840 N. Commerce Drive in South Bend. This project, itself, will not create additional <br />full-time and part-time permanent jobs within the first year, but will enable Stanz to maintain <br />162 existing permanent full-time jobs and 9 existing permanent part-time jobs with an annual <br />payroll of $7 25],439, including existing permanent full-time minority employment of 12 <br />positions. <br />3. Estimate the cost of the Equipment: Stanz estimates that the cost of the new equipment will <br />be between $300,000 and $700,000 for logistical distribution equipment and between <br />$50,000 and $150,000 in information technology,_equipment. <br />4. (a) The Equipment is owned or to be owned by the following individuals or corporations <br />(if the business organization ispublicly-held, indicate also the name of the corporate <br />parent, if any, and the name under which the corporation has filed with the Securities <br />and Exchange Commission): " <br />Name Address Interest <br />Stanz Foodservice Inc. 1840 N. Commerce Drive Owner <br />South Bend Indiana 46628 <br />