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Confirming Tax Abatement - Lock Joint Tube LLC. 515 W. Ireland Rd (5 Year Personal Property)
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Confirming Tax Abatement - Lock Joint Tube LLC. 515 W. Ireland Rd (5 Year Personal Property)
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5/15/2014 4:27:58 PM
Creation date
5/15/2014 4:07:07 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/12/2014
Ord-Res Number
4358-14
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City of South Bend <br />.. <br />Petition for Incentivesa <br />Petition must include a$250flingfee payable to the City Clerk's Office before processing can he complete <br />rk5 <br />General Information Project Name LOCK JOINT TUBE Project Number <br />Legal name as registered with Secretary or LOCK JOINT TUBE LLC <br />Slew <br />Business structure Indiana limited liability company <br />Company website www.ijtube.com <br />Proposed Project Information <br />Proposed project address Parent company name <br />515 West Ireland Road <br />City, State, Zip <br />South Bend, Indiana 46614 <br />Legal owner- <br />Site acreage or acreage requiretl - <br />Existing Site ( -20.56 Acres) <br />Is the real estate owned or <br />Owned <br />Square feet of facility <br />Primary Contact Information <br />- 30,000 SF Addition to 288,000 SF Bldg. <br />If leased by whom N/A <br />Primary company armed name <br />`Robert <br />Strzelecki <br />Title <br />Controller <br />Address of tympany contact <br />515 West Ireland Road <br />Phone (574)299 -3455 <br />City, State, Zip South Bend, Indiana 46614 <br />Email strzeleckib @ljtube.com <br />Senior Official Information <br />Company senior official name <br />(Same as above) <br />Title <br />Address of company contact (if different from <br />alrovel <br />Phone <br />City, State, Zip .. <br />Email <br />Consultant Information/Agent <br />Hired business wnsultantlagerd name <br />Richard DeahVBarnes &Thornburg LLP <br />Consuhant release(Y /N Counsel (yes) <br />Address <br />Local economic development partners <br />100 N. Michigan Street, Suite 700 <br />a royal Y N <br />[Ry,state,Zip <br />Email <br />South Bend, Indiana 46601 rdeahl @btlaw.com <br />Project Overview <br />Brief description of your <br />company, project, and why the <br />Lock Joint Tube, LLC (the 'Company" or "Petitioner") manufacturers mechanical and structural grade steel tubing in Indiana <br />(and other states) for use in various including (among others) automotive, recreational vehicle, office /furniture, <br />property is necessary for <br />ry <br />healthcare and construction. The proposed project includes new investment of approximately: <br />proposed <br />econamicgrowth <br />(a) $1.1 MM - $1.SMM in a building additionlexpansion containing approximately 30,000 square feet to be used for <br />additional manufacturing space (and to facilitate the reconfiguration of storage and shipping areas) at the Company's main <br />facility on W. Ireland Road, and <br />. <br />(b) $3.5MM- $4.00MM in new manufacturing equipment and new logistical distribution equipment to increase the <br />Company's production capabilities and efficiencies. <br />The Company's proposed investment supports the Company's continued expansion of the types of products it can produce <br />and deliver to customers, its overall capabilities and its competitive position within the steel tubing market. <br />Certified Technology Park appropriate <br />N/A <br />Community Revitalization Enhancement <br />District <br />N/A <br />Certify that the Building Permit has not been <br />Yes (Not Issued) <br />NumbeY residential umt`e'g e e� '+�.�+ <br />N/A <br />Issued flift <br />if this is a petition for personal property tax abatement, has <br />the equipment been installed <br />No <br />
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