Confirming Tax Abatement - Lippert Components Manufacturing Inc. 1901 W. Sample St. (5 Year Personal Property)

Home Browse Search

City of South Bend Petition for Incentives Legal name as registered with Secretary of State. Lippert Components Manufacturing ,Inc. Business structure Corporation Companywebshe Iffl, /www.ldl.com/ Proposed Project Information Proposed project address Parent company name 1902 West Sample Street Drew Industries Incorporated City,State,Zip Legal owner South Bend, Indiana 46619 Site acreage or acreage required Is the real estate owned or Leased acres Square feet of facility if leased by wham 539, 137 square feet Lippert Components Manufacturing, Inc. Primary company contact name Scott McPhail rnle VP Finance Address of Company Contact 3501 County Road 6 East Phone (5)4)312 -6135 City'state, Zip Elkhart, IN 46514 Email MCPhailS @Icil.com Senior Official Company senior official name- Title Joseph S. Giordano 111 Chief Financial Officer &Treasurer Address of company Contact (if different from Phone (5)4) 535 -1125 above City,state, Zip Email Jae @Drewlndustries.com Consultant information/Agent Hired business cansultant/agent name Consukantrelease opproval Craig S. fisher Yes Address Local economic development 2108 Highland Forest Drive yet paMem release approval City,State,Zip. Marvin, INC 28173 Email csfishenic @Yahoo.com Project Overview Brief description of your Upper: Components Manufactudn, Inc f'LCI'9 is a tier -1 supplier servin the Manufactured Housing MN, Recreational Vehicle and Ca oHurse pp p e pp a el 1 1 re/ Company, Project, and why the Troller Industries. LCI is an Industry leader in a multitude of products including chassis,fabrica[etl steel parts, entry doors, axles, leveling and stabilisation property is necessary for equipment, suspension enhancement products, and accessories Nat enhance the RV lifestyle. As an industry leader and innovator in production and economic growth sales trends, LCl has grown into a multi- state , multi - facility organization. As part of the company's growth plans, It is In need of centralized warehousing and distribution space for their finished products. This space needs to be proximate to its production facilities but also provide an efficient and effective means for stoning, tracking and distributing finished! goods to the ampany's customers. This centralized warehousing and Institution facility will reduce the need for space at she company's production facilities, space Nat can be more efficiently used to enhance the company's production capabilities. The centralized warehouse and distribution facility will make the management of the company's finished goods Inventory more easily traceable and more efficient, resulting in the company being more profitable. As the ampany'soverall business continues to grow, the company will continue to add positions to this operation. - In addition to the direct company lobs that this warehouse and distribution operation will create, the company will sub -lease some of the space at the facility which will result in W new lobs being created by the company's tenant and $400,000 of capital Investment. This sublease will be the tenant's first presence In the City of South Bend and the State of Indiana. Those net new jobs are Included in the position schedule on page 2 of this application. Since the company's potentfal use of this warehouse will result in she company occupying a building which has been vacant for more than 6 months, the company respectfully requests receiving the abandoned real property tax abatement which would abate all real property taxes during the company's first 2 years W operation at the location. Certified Technology Park appropriate? No Community Revitalization Enhancement District? No Certify that the Building Permit has not been issued(Yes�NO) ^ Yes the building permit has not been Issued. ! yam• i^ Clerk's (�.A -6 a 11 L% 4 If this is a petition for personal property tax abatement, has the equipment been installed? No. Lis lY j JOHN CITY CLERK, 30 W� N SEND, IN