Confirming Tax Abatement - 511 East Colfax & 210 North Niles - Odyssian Technology 5 Year

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21. The Internal Revenue Service Code of Principal Business Activity by which the proposed project would be classified, by number and description: 22. The real property where the Equipment will be installed is located in the following Allocation Area, if any, declared and confirmed by the South Bend Redevelopment Commission: CBD 23. 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 Sections 503 and 504 financing through the Business- Development Corporation of South Bend, Mishawaka, and St. Joseph County, Indiana; or other public financial assistance, including but not limited to public works improvements. We will receive 504 financing from the BDC for the build out. We are also pursuing a Facade Grant from the City of South Bend this will include an Architectural Assistance Grant. 24. Describe how and why the manufacturing equipment to be replaced or the facility in which Equipment will be added is currently technologically, economically or energy obsolete and how and why that obsolescence may lead to a decline in employment and tax revenues: Currently the buildings at 511 E. Colfax and 210 Niles Ave. are in need of repair and upgrade. The roof over 210 Niles Ave. (where the large equipment will be placed) needs to be replaced. In order to utilize this portion of the facility for research purposes it will require a new roof, upgraded electrical power and door and window replacement (to make it more energy efficient). Internet and phone lines are also necessary. We plan on power washing and painting, renovating the bathroom, reworking the facade, landscaping, paving parking areas, adding security and lighting and adding utilities as needed to support our research laboratory. 511 E Colfax is in need of upgrading phone and internet as well as building out to provide more of an office environment, with offices, conference rooms, restrooms, engineering work area and employee break room. We plan on reworking the facade by adding windows and new doors, lighting, landscaping, security and paved parking areas. All of these improvements are necessary to create an environment conducive to successful research and development. We feel that without the appropriate tools in place it will be very difficult to win Federal Contracts or hire skilled individuals from outside of the area. 25. The new manufacturing equipment will be used in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or (Revised 8/2/02) 5