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1200 Couvn -C1rr BUILDING <br />SOUTH BEND, INDIANA 46601 -1830 <br />July 8, 2003 <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 />Council Member Karl King, 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 Real Property Tax Abatement Petition for: <br />Hoosier Tank & Manufacturing, Inc. <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 acquisition <br />and installation of new machinery and equipment at the company's facility at 2502 West Lawton Street. <br />Also attached is a copy of the�petition, Statement of Benefits Form and supporting information. <br />The report contains the Department's findings relative to the above petition. Hoosier Tank & <br />Manufacturing, Inc. is continuing to grow and gain market share in the trailer industry with the production <br />of air pressure reservoirs. The company needs to purchase 9 %" and 12" head die tooling, Sciaky resistance <br />welder, Carrell Roller, new test set -up, punch presses, and a cut to length line. The total cost of the <br />equipment is estimated at $ 250,000. The project is expected to create 12 new jobs within the first year. <br />Hoosier Tank meets the qualifications for a five year personal property tax abatement, and a representative <br />of the company will be available to meet with the Committee on Monday, July 14, 2003. <br />Should you or any of the other Council members have any questions concerning the report or need additional <br />information, please feel free to call me at 235 -5828. <br />in rely, <br />Michael Beitzinger <br />Economic Development Specialist <br />Attachments <br />c: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Don Inks <br />filed In Clerk's Office <br />JUL 0 8 2003 <br />LCRETTAd. mm <br />CtrYCL6 K,SO.B6fOD.iK <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL A PROGRAM <br />NMEU C. MEYER DONALD E. NEs MANAGEMENT <br />574/235 -9660 574/235 -9371 ELIZABETH L..ARD <br />FAx: 574/235 -9697 574/235 -9371 <br />