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227 W. JEFFERSON BOULEVARD <br />SuIrE 1400 S. <br />SOuTH BEND, IN 46601 -1830 <br />April 19, 2016 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />SCOTT FORD, EXECUTIVE 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 />Bill No. 16 -40 <br />PHONE: 574/235 -9371 <br />FAX: 5741235 -9021 <br />RE: Personal Property Tax Abatement Petition for: Federal -Mogul Powertrain, LLC <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a personal property tax abatement <br />petition for Federal -Mogul Powertrain, LLC.: <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. Federal - <br />Mogul Powertrain, LLC will be investing approximately $11,315,200 in the purchase and <br />installation of new equipment. This new equipment purchase will allow for new business <br />growth and the retention of a highly compensated workforce. The project meets the <br />qualifications for a (5) five year personal property tax abatement. A representative from <br />Federal -Mogul Powertrain, LLC will be available to meet with the Committee on Monday, <br />April 25, 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 />Sinceerreel -y, <br />.," 14oej <br />Aaron Kobb. <br />Director of Economic Resources <br />Fled in Clerk's Office <br />APR 2 n tats <br />KAREEMAH FOWLER <br />CITY CLERK, SOUTH BEND, IN <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT <br />PAMELA C. MEYER BRIAN PAwLowsm <br />ECONOMIC RESOURCES <br />AARON KOBB <br />