Bill 16-40 Personal Property Tax Abatement for Federal Mogul Powertrain, LLC

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��4F1�l�f L �e CITY CLERK, SOUTH BEND, IN City of South Bendo sTtr��e h Petition for Incentives W. J Petition must include a $250 filing fee payable to the City Clerk's Office or online via the City's website at http.Ilsouthbendin.gov /government /content /tax- abatement before processing can be complete 11t6s Multlple -See Attached Multiple -See Attached Legal name as registered with Secretary of Federal -Mogul Powertrain, LLC (fka Federal -Mogul Powertain, Inc.), a subsidiary of Federal Mogul Corporation Sae Business structure Corporation Company website www.federalmogul.com Proposed Project Information Proposed project address 3605 W. Cleveland Rd. Parent company name Federal -Mogul Corporation City, State, Zip South Bend, IN 46628 Legal owner Federal -Mogul Powertain, LLC Site acreage or acreage required 26.203 Is the real estate owned or Owned Square feet of facility Primary Contact Information 247,235 f leased by whom NIA Primary company contact name William Maki Title Plant Controller Address of company contact 3605 W. Cleveland Rd. Phone (574) 271 -5910 City, State, Zip Sou th Bend, IN 46628 Email william.maki @federalmogul.com • Company senior official name Steve Mick Title plant Manager Address ofcompany contact (1fdtfferentfrom 3605W Cleveland Rd. a v Phone (574) 271 -5920 City, State, Zip South Bend, IN 46628 Consultant Information/Agent Email steve.mick @federalmogul.com Hired business consultant /agent name Mitchell W. Wilson Consultant release (Y /N) Y Address Ad Valorem Tax, Inc. - 251 W. Garfield Rd., Ste. 287 Local economic development partners aporoval (Y /N) city, state, Zip Aurora, OH 44202 Email mww @avti.com Project Overview descrtptton of your Federal -Mogul Powertrain LLC is a manufacturer of automotive pistons. Customers include most of the major automotive company, project, and why the manufacturers. Operations in South Bend, IN began in 1987. Federal -Mogul has consistently employed over 500 property is necessary for employees over the past 8 years with total salaries in excess of $21 million. Total sales generated from the South Bend economic growth facility currently exceed $119 million. The new projects represent new business growth for sustained business at the South Bend facility and continued retained highly compensated employment levels. There are three projects for new business production lines included as part of the Petition: 1) Chrysler CMET4 production line - total expected investment of $8,128,200, 2) GM Uplift production line - total expected investment of $1,887,000, and 3) GM Duramax Assembly Machine - total expected investment of $1,300,000. The expected cost to be invested in the three projects totals $11,315,200 and will permit continued high levels of retained existing employment. Approval of this application will allow continued capital investment in the South Bend facility. Without additional investment, new business and greater production efficiencies offered by new processes and new product lines, some levels of existing production would likely be shifted outside of Indiana, most likely to another country, resulting in the facility's employment levels and associated tax revenues to the County both declining. Certified Technology Park appropriate N/A Community Revitalization Enhancement NIA histrict Certify that the Building Permit has not been N/A Number ofresidential units created by .. 16roled N/A Issued If this is a petition for personal property tax abatement, has No, the equipment has not been Installed nor has it been delivered to Indiana. the equipment been Installed Filed in Clerk's ®fii�e Investment Details Has anySO4fundingbeen What Is the value ofany equipment being purchased In ;jie hatestF�!!_ site of project in dollars) received? Indiana for the project? �ery p rchased e 7 N/A N/A Labor on Equipment Installation TBD �RE ��4F1�l�f L �e CITY CLERK, SOUTH BEND, IN