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04-25-16 Common Council Packet and Agenda
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04-25-16 Common Council Packet and Agenda
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Primary Contact Information <br />p!Im*coinpanycodtdctname' WdIiaMMaki <br />Tale Plant Controller <br />Address ofcompahy contact 3605 W Cleveland Rd. <br />Phone (574) 271 -5910 <br />Gty, State, 21p Soutit Band, IN 46628 <br />Emil william.maki@federaimogul.com <br />!Senior Official <br />tftony senior official name steveMick <br />Iltle Plant Manager <br />Address of company contact (If different from 3605 W. Cleveland Rd. <br />Phone (574)271 -5920 <br />Gty, state, Zip South Bend, IN 46628 <br />Consultant information/Agent <br />Ema�i stev..rnick @fed.ralmogul.com <br />114abusinessconsuttant /ageMname Mitchell W. Wilson <br />�°esulhntrelase(Y /N( y <br />Address <br />Ad Valorem Tax, Inc. - 251 W. Garfield Rd., Ste. 287 <br />Local economic development partners <br />- <br />a1mroval N <br />' State Zip <br />Aurora, OH 44202 ErO°ll mwwQavti.com <br />Project Overview <br />gllefdescriptlon of...... " <br />eamparryrpro)ect andwhythe <br />Federal -Mogul Powertrain LLC Is a manufacturer of automotive pistons. Customers include most of the major automotive <br />manufacturers. Operations in South Bend, IN began in 1987. Federal -Mogul has consistently employed over 500 <br />property is necessary for <br />employees over the past 8 years with total salaries In excess of $21 million. Total sales generated from the South Bend <br />dconom)eerawth <br />facility currently exceed $119 million. The new projects represent new business growth for sustained business at the South <br />Bend facility and continued retained highly compensated employment levels. <br />There are three projects for new business production lines inducted as part of the Petition: 1) Chrysler CMET4 production <br />line - total expected investment of $8,128,200, 2) GM Uplift production line - total expected investment of $1,887,000, and <br />3) GM Duramax Assembly Machine - total expected investment of $1,300,000. The expected cost to be invested in the <br />three projects totals 311,315,200 and will permit continued high levels of retained existing employment. <br />Approval of this application will allow continued capital investment in the South Send facility. Without additional investment, <br />new business and greater production efficiencies offered by new processes and new product lines, some levels of existing <br />production would likely be shifted outside of Indiana, most likely to another country, resulting in the facility's employment <br />levels and associated tax revenues to the County both declining. <br />CertlfledTachn ',oloayParliapprcpriate: -_ _ <br />WA <br />CommanityaeiAtaltrationirnhanoerrient - <br />�. <br />Iii <br />WA <br />cerilfy that the 8uild irr6Peirrbkhasnotbeen" WA — -< N/A <br />Ai I <br />if tMsG a petitlon for pdrsonetproparttr tax abetemen ;has <br />No, the equipment has not been Installed nor has It been delivered to Indiana. <br />the ul meat been instilled <br />site of project to dollars) reoiivdT kniml, fortha pro)eet7 <br />WA N/A Labor on Equipment installation TED <br />Fled in Clerk's office <br />gig <br />R <br />I <br />
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