Confirming Tax Abatement - MGE Wholesale Inc. 5021 Nimtz Parkway (5 Year Personal Property)

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227 W.IEFPHRSON BOULEVARD Sun 'L: 1400 S. SOI n'11 BILND. IN 46601 -1830 CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR COMMUNITY INVESTMENT SCOTT FORD, EXECUTIVE DIRECTOR TAX ABATEMENT REPORT TO: SOUTH BEND COMMON COUNCIL FROM: BROCK ZEEB PILONF.: 574/235 -9371 FAR: 574/235 -9021 SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: MGE Wholesale Inc. DATE: January 16, 2015 On January 14, 2015 a petition was filed requesting consideration of personal property tax abatement located at 5021 Nimtz Parkway, South Bend, IN was filed with the City Clerk by MGE Wholesale Inc. Pursuant to Chapter 2, Article 6, Section 2 -84.2 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning requirements have been met. The Department of Community Investment has reviewed the petition (a copy of which is attached), investigated the area, and makes the following report. PROJECT SUMMARY MGE Wholesale Inc. will lease building 5021 Nimtz Parkway from the Foster Group, LLC. MGE will operate a distribution facility at the location. Roughly 200,000 will be spent in business equipment to operate the facility. The facility will create 30 new jobs in the first 2 years and occupy a vacant building in the Blackthorn area. New project taxes will be $ 19,040. Total taxes to be abated during the (5) five -year abatement period are estimated at $ 8,220. Total taxes to be paid over five years on the new and existing equipment are estimated at $ 10,820. EMPLOYMENTIMPACT PLANNING Ni.CamORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC. RESOURCES ATIN KAIN PIMELA C. MF)TR CHRIS FIELDING BROCK 7.F.FP