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1200 Couwy -CITY BUILDING <br />227 W JEFFERSON BOULC- ARD <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574 /235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />December 16, 2005 SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />Council Member Ann Puzzello, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />Enzyme Research Laboratories, Inc. <br />Dear Council Member Puzzello: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form and supporting information. The project calls for the acquisition and installation <br />of new equipment as part of the company's planned acquisition and rehabilitation of its new facility located <br />at 1801 Commerce Drive. A separate petition is being submitted to the Council for the rehabilitation of the <br />building. <br />The report contains the Department's findings relative to the above petition. Enzyme Research Laboratories, <br />Inc. will be purchasing and installing new equipment. The total project cost for the equipment is estimated at <br />$800,000. The project meets the qualifications for five (5) year personal property tax abatement and a <br />representative from Enzyme Research will be available to meet with the Committee on Monday, January 9, <br />2006. <br />Should you or any of the other Council members have any questions concerning the report or need <br />additional information, please feel free to call me at 235 -5826. <br />Sincerely, <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Sharon Kendall <br />Don Inks <br />COMMONm DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & 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 />