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<br />1200 CouNTY-CITY BUILDING <br />227 W. JEFFERSON BOL'LEUARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PxoNE574/235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~ ECONOMIC DEVELOPMENT <br />January 8, 2007 SHARON T. KENDALL <br />EXECUTNE DIRECTOR <br />Council Member Roland Kelly, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />Odyssian Technology <br />Dear Council Member Kelly: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls for the acquisition and <br />installation of new equipment as part of the company's planned increase in productive capacity in its facility <br />located at 511 East Colfax Avenue and 210 North Niles Avenue. <br />The report contains the Department's findings relative to the above petition. Odyssian Technology will be <br />purchasing and installing new equipment. The total prof ect cost for the equipment is estimated at $384,816. <br />The project meets the qualifications fora (5) five-yearpersonal property tax abatement and a representative <br />from Odyssian Technology will be available to meet with the Committee on Monday, January 22, 2007. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5825. <br />Sincerely, <br />Sharon Terrell <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />Bill Schalliol <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT <br />PAMELA C. MEYER DONALD E. INKS <br />5741235-9660 5741235-9371 <br />FAX: 574/235-9697 <br />FINANCIAL RC PROGRAM <br />MANAGEMENT <br />ELIZABETH LEONARD <br />574/235-9371 <br />