Confirming Tax Abatement - 4201 Linden Avenue - GTA Containers, INC

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CITY OF SOUTH BEND PETITION FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of new manufacturing equipment, personal property, located within the City of South Bend, hereby petitions the Common Council of the City of South Bend for personal property (new manufacturing equipment) tax abatement consideration and pursuant to I.C. 6-1.1-12. 1-1 et seg., and South Bend Municipal Code Section 2-84.2 et sec., for this petition states the following: 1. Describe the proposed project, including information about the new manufacturing equipment personal property ("equipment") to be installed, the amount of land to be used, if any, the proposed use of the equipment, and a general statement as to the value of the prof ect to your business. In conjunction with the building of a 90, 000 square foot manufacturing facility which GTA Containers, Inc. plans to lease and occupy in the late fall of 2008, the Company plans to purchase equipment to be used in its manufacturing operation in the new building, including without limitation, automated fabric cutting equipment and various machines for fabric seam sealing, using hot air and Radio Frequency (RF) technologies. Equipment will also be purchased to transfer and handle raw materials and finished goods inventories. The building and equipment will allow GTA Containers, Inc. to more than double its current manufacturing capacity, thereby, enabling the Company to bid on large, multi year contracts with the U.S. Dept ofDefense and also have capacity for non-military related contracts. 2. The project will create at least 6-11 new, permanent, jobs within the first year, representing a new annual payroll of at least $160, 000-$260.000 and will maintain 31 existing permanent full-time and 0 existing part-time job with an annual payroll of $1.125,000 .The projected annual salaries for each position are as follows: 3. Production Worker -$20, 000, Quality Control/Engineer - $60, ODO 4. Estimate the cost of the Equipment: $250, 000-$400.000 5. (a) The Equipment is owned or to be owned by the following individuals or corporations (if the business organization ispublicly-held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): NAME ADDRESS INTEREST GTA Containers, Inc. 4201 Linden Ave 100% South Bend, IN 46619