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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />July 20, 2015 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, 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 />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <br />RE: Personal Property Tax Abatement Petition for: Manufacturing Technology, Inc. <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a personal property tax abatement <br />petition for Manufacturing Technology, Inc.: <br />➢ Department of Community Investment's summary report <br />➢ Copy of the petition <br />➢ Statement of Benefits form <br />➢ Supporting information. <br />The report contains the Department's findings relative to the above petition. <br />Manufacturing Technology, Inc. will be purchasing and installing approximately <br />$1,750,000 of new equipment to vertically integrate with their customer's production needs <br />and requirements. The new equipment will also all for MTI to provide scale and production <br />flow to support high volume production while adding additional production and system <br />processes. The project meets the qualifications for a (5) five year personal property tax <br />abatement and a representative from Manufacturing Technology, Inc. will be available to <br />meet with the Committee on Monday, July 27, 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 />Sincerely, <br />-1-31 Z Z% <br />Brock Zeeb <br />Director Economic Resources <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />JITIN KAIN PAMELA C. MEYER CHRIS FIELDING BROCKZEEB <br />