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W. JEFFERSON BOULEVARD <br />,,UITE 1400S. <br />SOUTH BEND, IN 46601 -1930 <br />January 13, 2015 <br />CITY OF SOUTH BEND PETE BUTT om, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE DIRECTOR <br />Council Member Gavin Ferlic, Chairperson <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 />Heraeus Kulzer LLC <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 <br />property tax abatement petition for the above - referenced petitioner. Also attached is a copy <br />of the petition, Statement of Benefits form, and supporting information. The project calls <br />for the acquisition and installation of new equipment as part of the company's expansion <br />of production product line. <br />The report contains the Department's findings relative to the above petition. Heraeus <br />Kulzer LLC will be purchasing and installing new equipment. The total project cost for the <br />equipment is estimated at $ 1,496,336. The project meets the qualifications for a (5) five - <br />year personal property tax abatement and a representative from Heraeus Kulzer LLC will <br />be available to meet with the Committee on January 26, 2015. <br />Should you or any of the other Council members have any questions concerning the report, <br />or need additional information, please feel free to call me at 235 -9339. <br />Se/� T <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 DEVLLOPMENT ECONOMIC RESOURCES <br />JITIN KAIN PAMELA C. MEYER CHRIS RELDING aROCKZEEB <br />