Confirming Tax Abatement - 2001 West Washington - Royal Holdings, Inc. d.b.a. Royal Adhesives

Home Browse Search

1200 COUNTY-CITY BUILDING 227 W JEFFERSON BOULEVARD SOUTH BEND, INDIANA 46601-1830 PxoNE574/235-9371 FAx 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY SL ECONOMIC DEVELOPMENT ,JEFFREY V. GIBNEY February 4, 2009 EXECUTIVE DIRECTOR Council Member Timothy Rouse, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Personal Property Tax Abatement Petition for: ROYAL HOLDINGS INC. d.b.a. ROYAL ADHESIVES Dear Council Member Rouse: Please find attached the Department of Community & Economic Development's report on a personal property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, Statement of Benefits form, and supporting information. The project calls for the acquisition and installation of new and used equipment for a new a manufacturing facility and warehouse to be constructed at 2001 West Washington Street. Any used equipment acquired would come from outside the State of Indiana. The report contains the Department's findings relative to the above petition. The total cost for the equipment is estimated at $3,168,075. The project meets the qualifications fora (5) five-year personal property tax abatement and a representative from Royal Holdings will be available to meet with the Committee on Monday, February 23, 2009. Should you or any of the other Council members have any questions concerning the report, or need additional information, please feel free to call me at 235-5835. Sincerely, Bob Mathla Assistant Director, Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Jeff Gibney Don Inks COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 5741235-9660 574/235-9371 EL~zaserH LEONARD FAx: 574/235-9697 574/235-9371