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1200 COUNTY -CITY BUILDING <br />SOUTH BEND, INDuNA 46601 -1830 <br />PHONE 574 /235 -9371 <br />FAX 574/235 -9021 <br />TDD 5741235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />July 1, 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: Real Property Tax Abatement Petition for: <br />Axelberg & Axelberg, LLC (General Sheet Metal Works, Inc.) <br />Dear Council Member King: <br />Please find attached the Department of Community & Economic Development's report on a real property <br />tax abatement petition for the above referenced petitioner. The project calls for the renovation of the <br />former Alto Steel building located at 2025 S. Main Street. Also attached are a copy of the petition, <br />Statement of Benefits form and supporting information. <br />The report contains the Department's findings relative to the above petitions. Axelberg & Axelberg, LLC <br />is the real estate holding company for General Sheet Metal Works, Inc., which is currently in a significant <br />growth phase and is in need of more manufacturing space. Axelberg & Axelberg has purchased the <br />former Alto Steel building at 2025 S. Main Street to accommodate the additional space needs of General <br />Sheet Metal Works, however the building is in need renovation. The total cost for the renovation has <br />been estimated at $600,000. The project is expected to create ten new jobs. Axelberg & Axelberg meets <br />the qualifications for a ten real property tax abatement and a representative of the company will be <br />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 <br />additional information, please feel free to call me at 235 -5835. <br />r1 rely, <br />Michael Beitzinge <br />Assistant Director, Economic Development <br />Attachments <br />c: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Don Inks <br />Filed In Cleric's Office <br />JUL <br />LORETTA J. DUDA <br />CRY CLERK, BO. BEND, RL <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL &PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />5741235 -9660 574/235 -9371 ELIZABETH LEONARD <br />FAx, 5741235 -9697 574/235 -9371 <br />