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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />Council Member Gavin Ferlic, Chairperson October 6, 2014 <br />Community Investment 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 />Mack Tool & Engineering, Inc. <br />Dear Council Member Ferlic: <br />PHONE: 574/235 -9371 <br />FAx: 574/235 -9021 <br />Please find attached the Department of Community Investment's report on a personal property tax <br />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 <br />installation of new equipment as part of the company's planned increase in productive capacity in its <br />facility located at 2820 Viridian Drive. <br />The report contains the Department's findings relative to the above petition. Mack Tool & Engineering, <br />Inc. will be purchasing and installing new equipment. The total project cost for the equipment is <br />estimated at $1,950,000. The project meets the qualifications for a (5) five -year personal property tax <br />abatement and a representative from Mack Tool & Engineering, Inc. will be available to meet with the <br />Committee on Monday, October 27, 2014. <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 -9339. <br />Sincerely, <br />Brock Zeeb <br />Director Economic Resources <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Pete Buttigieg <br />Scott Ford <br />Chris Fielding <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />JITIN KAM PAMELA C. MEYER CHRIS FIELDING DONALD E. INKS <br />