Confirming Tax Abatement - 445 North Sheridan Street - Treadstone

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and St. Joseph County, Indiana; or other public financial assistance, including but not limited to public works improvements. Proiect financed commercially through local bank which did access funding via SBA underwriting 24. Describe how and why the manufacturing equipment to be replaced or the facility in which Equipment will be added is currently technologically, economically or energy obsolete and how and why that obsolescence may lead to a decline in employment and tax revenues: No equipment is bein replaced. This is a start up business and for the past 2 years manufacturing has been running off prototype equipment which is not built to withstand the rigors of a 2 shift daily production schedule. This new equipment will run alongside the prototypes and will double production as well as ease the burden on the 3 existing machines. Without this equipment we will not be able to maintain our current level of production due to the wear on the prototypes which would mean a layoff of second shift. With this equipment we will hire 3 more people for our existing operation and may open a 3~d shift in the future. 25. The new manufacturing equipment will be used in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal property and that the equipment was never before used by its owner for any purpose in Indiana. The signature at the end of this Petition is verification of this statement. 26. The following person(s) should be contacted as Petitioner=s agent regarding additional information and public hearing notifications: Name: Kenn Andrews & Mark Sanderson Address: 445 N Sheridan St City, State, Zip Code: South Bend, In 46619 Telephone: 574-234-9520 WHEREFORE, Petitioner requests that the Common Council of the City of South (Revised 8/2/02) 6