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1200 C~cxm"rY-CrrY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />$Ot7T)I BEND. INDIANA 46601-1830 <br />PrioNE 574/ 235 )371 <br />Fax 574/235-)021 <br />TDD 574/ 235-5507 <br />CITY OF SOUTH BEND STEPHEN J. LUECICE, M 1YOI: <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />.JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />July 15, 2008 <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />GTA Containers, Inc. (Foxtrot Realty Corporation) <br />Dear Council Member Dieter: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls for the acquisition and <br />installation of new equipment as part of the company's planned expansion of its facility for manufacturing <br />collapsible pillow tanks for fuel or water storage. The facility is located at 4201 Linden Avenue. Foxtrot <br />Realty Corporation, the real estate holding company of GTA Containers will lease the facility to GTA <br />containers and GTA will own the new equipment. <br />The report contains the Department's findings relative to the above petition. The total cost for the <br />equipment is estimated at $250,000 to $400,000. The project meets the qualifications fora (5) five-year <br />personal property tax abatement and a representative from GTA Containers, Inc. (Foxtrot Realty <br />Corporation) will be available to meet with the Committee on Monday, July 28, 2008. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5835. <br />Sincerely, <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />COMMUNI"fY DEVL•LOPMEN'C ~ ECONOMIC DEVELOPM[NT FINANCIAI. SC PROGRAM <br />P,~A1eLA C..LIEI ~R DON.ILI1 E. luK; I~'IANAGEMF.N"I' <br />57~k/237-9660 574235-93]1 ELI2A6FTH LEON,4RD <br />Frx: 5"41235-969? 574/235-9371 <br />