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227 W. JEFFERSON BOULEVARD <br />SUITE 1404 S. <br />SOUTH BEND, IN 46601 -1830 <br />March 8, 2016 <br />CrrY OF SOUTH BEND PETE BUTTIww, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, ExEGUTIVE 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: 574/235-9,371 <br />FAx: 574/235 -9021 <br />RE: Personal Property Tax Abatement Petition for: South Bend Form Tool Co., Inc. <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a personal property tax abatement <br />petition for South Bend Form Tool Co., 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. South Bend <br />Form Tool Co., Inc. will be investing approximately $220,000 in the expansion of their <br />current floor space along with purchasing and installing approximately $623,000 of new <br />equipment. This expansion will grow their current customer base and allow them to pursue <br />additional business from new customers. The project meets the qualifications for a (5) five <br />year personal property tax abatement. A representative from South Bend Form Tool Co., <br />Inc. will be available to meet with the Committee on Monday, March 14, 2016. <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 -5823. <br />Sincerely, <br />i " 0 e <br />Aaron Kobb <br />Director of Economic Resources <br />Filed in Clerk's Office <br />MAR 0 9 2016 <br />KAREEMAH FOWLER <br />CITY CLERK, SOUTH SENT), IN <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB <br />