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1200 COUNTY -CITY BUILDING <br />227 W. JEPFERSON BOULEVARD <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 />SHARON T. KENDALL <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br />ENZYME RESEARCH LABORATORIES, INC. <br />1801 COMMERCE DRIVE <br />DATE: December 16, 2005 <br />On December 15, 2005, a petition for personal property tax abatement consideration for property <br />located at 1801 Commerce Drive filed with the City Clerk by Enzyme Research Laboratories, Inc. <br />Pursuant to Chapter 2, Article 6, Section 2 -77 of the Municipal Code of the City of South Bend, this <br />petition was referred to the Department of Community and Economic Development for purposes of <br />investigation and preparation of a report determining whether the area qualifies as an Economic <br />Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petition (a copy of <br />which is attached), investigated the area and makes the following report. <br />PROJECT SUMMARY <br />The project encompasses the relocation and expansion of two biotechnology companies, Enzyme <br />Research Laboratories, Inc., (ERL) and R2Diagnostics (R2D). ERL is a primary supplier of <br />coagulation and fibrinolytic proteins for research. R21) manufacturers and sells clot based diagnostic <br />kits that are used for bleeding and clotting disorders. Both companies are wholly owned by Mike <br />Morris who is acquiring a larger facility to house them. The total project includes the acquisition and <br />rehabbing of the larger facility and the purchase of additional equipment for the move and expansion. <br />This petition relates to only the purchase of the equipment. A separate petition is being submitted for <br />COMMUNITY DEVELOPMENT ECONOMICDEVELOPMENT FINANCIAL .&'PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235 -9660 574/235 -9371 E•uzA nH LEONARD <br />FAX: 574/235 -9697 5741235 -9371 <br />