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1200 ~'.oIINTY-CITY BUILDING <br />227 W. ,JEFFERSON BOULEVARD <br />SOLT11-I BEND, INDIANA 46601-1830 <br />PxoNE574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY HL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />GTA CONTAINERS, INC. (FOXTROT REALTY CORPORATION) <br />DATE: July 15, 2008 <br />On July 9, 2008, a petition for personal property tax abatement consideration for property located at 4201 <br />Linden Avenue was filed with the City Clerk by GTA Containers, Incorporated. Pursuant to Chapter 2, <br />Article 6, Section 2-84.2 of the Municipal Code of the City of South Bend, this petition was referred to the <br />Department of Community and Economic Development for purposes of investigation and preparation of a <br />report determining whether the area qualifies as an Economic Revitalization Area pursuant to <br />I.C.6-1.1-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of which is <br />attached), investigated the area, and makes the following report. <br />PROJECT SUMMARY <br />GTA Containers, Inc. and Foxtrot Realty Corporation (the real estate holding company for GTA <br />Containers) are proposing to construct and equip a 90,000 square foot building on an undeveloped portion <br />of a 2 t acre site that they already own. The building will be owned by Foxtrot Realty and leased to GTA <br />Cont :rs. The project will enable GTA to more than double its current manufacturing capacity, allowing <br />the company to bid on large, multi-year contracts with eh U. S. Department of Defense and also have the <br />capacity for non-military contracts. GTA Containers manufactures collapsible pillow tanks for fuel or <br />water storage. The containers range in size from 3,000 to 210,000 gallons. The estimated cost of the <br />building is $2,200,000 - $2,800,000. GTA Containers will own the equipment placed on the site. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL HC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD <br />FAX: 574/235-9697 574/235-9371 <br />