Designating Tax Abatement - Aerolite Industries Inc. 2901 S. Main St. (Real Property)

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(14) Describe the proposed project, including information about physical improvements to be made, an estimate of the cost of the project, the amount of land to be used , the proposed use of the improvements, and a general statement as to the value of the project to your business. We will manufacture truck bodies and highway trailers. The equipment is primarily metal working equipment and specialized cutting, forming and riveting lines. Land use area 159, 000 sa . ft. factory. 3.400 sa . ft . office. All essential to commencement of operations. (15) The project will create : 60 new, permanent fulltime jobs , representing a new annual payroll of $950, 000.00 . and will maintain -0- existing permanent fulltime and -0- existing permanent parttime jobs with an annual-payroll of $ N/A (16) No building permit has been issued for construction on the Property in connection with the improvement in question as of the date of filing of this petition. The signature below is verification of this statement. (17) The Standard Industrial Classification Manual major group within which the proposed project would be classified , by number and description: sic 37. Manufacture Truck bodies. trailers • (18) The Property is located in the following Allocation Area declared and confirmed by the South Bend Redevelopment Commission: None (19) Other anticipated public financing for the project ( including , if any, industrial revenue bonding to be sought or already authorized , assistance through the United States Department of Housing and Urban Development funds from the City of South Bend , Small Business Association Section 503 financing through the Business Development Corporation of South Bend , Mishawaka, and St. Joseph County, Indiana; or other public financial assistance) : None at present but we plan to seek Municipal , State or Federal funds for modernization and expansion • -3-