Confirming Tax Abatement - 330 North Kenmore Street - Elkhart Plastics, Inc.

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CITY OF SOUTH BEND PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for real property tax abatement consideration and pursuant to I.C.. 6-1.1-12.1-1, et seq.' and South Bend Municipal Code Sec. 2-76 et seq., for this petition states the following: 1. Describe the proposed redevelopment or rehabilitation project, including information about physical improvements to be made, the proposed use of the improvements, and a general statement as to the importance of the project to your business: Increase office space by 6,500 sq.ft. and remodel existing 3,700 sq.ft. to serve as Corporate Headquarters for Promens North America. Expansions are critical for the future growth of company. Land Size 6 acres; Building Size 77, loo sq.ft. 2. Describe the overall nature of the business and of the operations occurring at the Property (attach additional sheet if more space is needed): Elkhart Plastics is a custom plastic processor utilizing the rotational molding process. Products manufactured include yellow crash barrels for highway safety and a wide variety of other large hollow products shipped up to 500 miles away. 3. Estimate the dollar value of the project (excluding land): $600,000 4. The current assessed valuation of the real property before rehabilitation, redevelopment, economic revitalization, or improvement: $ 2,254,600 5. (a) The real property for «~hich tax abatement consideration is petitioned (Property) is owned (Rev 8/11/03)