Confirming Tax Abatement - Noble Americas South Bend Ethanol LLC 3201 W. Calvert St. (5 Year Personal Property)

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TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: KATHY HAHN SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION Noble Americas South Bend Ethanol LLC DATE: February 7, 2014 On December 3, 2013 a petition for personal property tax abatement consideration forproperty located at 3201 W Calvert Street, South Bend, was filed with the City Clerk by Noble Americas South Bend, LLC. Pursuant to Chapter 2, Article 6, Section 2 -84.2 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning requirements have been met. The Department of Community Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY Noble Americas South Bend Ethanol LLC (NASBE) is a large scale ethanol production facility located in South Bend capable of producing up to 100,000,000 gallons of ethanol per year. The project will involve restart, re- commissioning, significant upgrades, and subsequent operations of this facility after being idle since November 2012. Upgrades would include substantial maintenance and capital expenditure activities as well as installation of incremental on -site projects to improve and stabilize the operations of the facility.