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1200 Coven -CITY BUILDING <br />Sourx BEND, INDIANA 46601 -1830 <br />PHONE 574/ 235 -9371 <br />FAx 5741235 -9021 <br />TDD 5741235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />September 16, 2003 <br />Council Member Karl G. King, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />RE: Personal Property Tax Abatement Petition for: <br />General Sheet Metal Works, Inc. <br />1902 S. Main Street <br />Dear Council Member King: <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. The project calls for the purchase and <br />installation of machinery and equipment. Also attached area copy of the petition, Statement of Benefits <br />form and supporting information. <br />The report contains the Department's findings relative to the above petitions. General Sheet Metal Works, <br />Inc. intends to purchase and install a Trumpf L5030 laser with Liftmaster automated load/unload system and <br />an 800 -ton Verson blanking press with 24" CWP coil line. The total cost for the new equipment has been <br />estimated at $1,026,000. The project is expected to create ten new jobs. General Sheet Metal Works, Inc. <br />meets the qualifications for a five year personal property tax abatement. A representative of the company <br />will be available to meet with the Committee on Monday, September 22, 2003. <br />Should you or any ofthe other Council members have any questions concerning the report or need additional <br />information, please feel free to call me at 235 -9337. <br />Sincerely, <br />(�t:U L <br />Cheryl Phipps <br />Economic Development Specialist <br />Attachments <br />Fred In Clark's �:-tflce <br />c: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL R. PROGRAM <br />PAMELA C. MEYER DONALD E. I \KS MANAGEMENT <br />574/235 -9660 5741235 -9371 ELILBET" LEONARD <br />FAR: 5741235 -9697 574/235 -9371 <br />