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1200 COUNTY -CITY BUILDING <br />SOUTH BEND, INDUNA 46601 -1830 <br />PHONE 574 /235 -9371 <br />FAx 5741235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />April 29, 2003 JON R. HUNT <br />EXECUTIVE DIRECTOR <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 />Total Enterprises, Ltd. <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 petitioner intends to install new <br />machinery and equipment at the company's facility at 3333 W. Lathrop Street and is seeking a five year <br />personal property tax abatement. Also attached is a copy of the petition, Statement of Benefits form and <br />supporting information. <br />The report contains the Department's findings relative to the above petitions. Total Enterprises is a <br />manufacturer of tooling for the automotive and office furniture industries. Products such as office and <br />automotive seats, arm rests, head rests, fire walls, floor pans, and head liners are mode from tools and <br />molds produced by Total Enterprises. The company needs to purchase new foundry, pattern shop and <br />engineering machinery and equipment in order to produce tooling more competitively. The total cost of <br />the new equipment is estimated at $350,000. The project is expected to create 4 new jobs within the first <br />year. Total Enterprises meets the qualifications for a five year personal property tax abatement, and a <br />representative of the company will be available to meet with the Committee on Monday, May 12, 2003. <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 -5835. <br />45 . rely, <br />Michael Beitzinger <br />Assistant Director, Economic Development <br />Attachments <br />c: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. METER DONALD E. INKS MANAGEMENT <br />5741235 -9660 574/235 -9371 ELIUBSTH LEONARD <br />FAx: 574/235 -9697 574/235 -9371 <br />