Confirming Tax Abatement - 1840 N. Commerce Drive - Stanz Foodservice, 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 sue., and South Bend Municipal Code Section 2 -84.2 et seq., 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 project to your business. This proposed project consists of the acquisition and installation of new logistical distribution and information technology equipment, including without limitation, warehouse racking systems, fork lifts, pallet movement mechanisms, GPS monitoring and tracking systems and related systems, for use in Stanz's full line food service distribution business. This equipment will complement Stanz's investment in real estate improvements and its commitment to growing its distribution headquarters and business in South Bend. The entire cost for this proposed investment is estimated to be between $300,000 to $700,000 for logistical distribution equipment and between $50,000 and $150,000 for information technologequipment. 2. This investment complements the substantial investment Stanz is making in new real estate construction and rehabilitation at Stanz's primary warehouse and distribution facility located at 1840 N. Commerce Drive in South Bend. This project, itself, will not create additional full -time and part-time permanent jobs within the first year, but will enable Stanz to maintain 162 existing permanent full -time jobs and 9 existing permanent part -time jobs with an annual payroll of $7,251,439, including existing permanent full -time minority employment of 12 positions. 3. Estimate the cost of the Equipment: Stanz estimates that the cost of the new equipment will be between $300,000 and $700,000 for logistical distribution equipment and between $50,000 and $150,000 in information technology equipment. 4. (a) The Equipment is owned or to be owned by the following individuals or corporations (if the business organization is publicly -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 Stanz Foodservice, Inc. 1840 N. Commerce Drive Owner South Bend Indiana 46628