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William Maki, Controller at Federal Mogul, stated $8 million is for equipment for Chrysler products as they are mostly GM currently. The company has invested a lot of money at the plant for the past six (6) years, the automotive market is very competitive even though business is good. The reason we are not adding jobs is we just need to increase sales just to retain jobs nowadays, which is a challenge with Mexico and other foreign companies competing against us. This is an investment in South Bend and the company enjoys being here. Committeemember Paul Tipps asked if this is primarily tooling or new equipment. Mr. Maki responded it is primarily new equipment such as casting cells in a complete new machine. Mr. Tipps also asked if Federal Mogul have met previous reporting requirements and job criteria from previous tax abatements. Ms. Heintzelman stated she cannot remember them ever being in non - compliance and nothing sticks out to her. Councilmember Dr. David Varner stated Federal Mogul came to us about twelve (12) years ago and occupied the building of someone who had just left. The Council have provided abatements and their serial growth has led to over five- hundred (500) jobs and it was nothing like that when they first came it was maybe eighty (8 0) jobs or so. No one from the public spoke either in favor of or opposition to the bill. Committeemember William Smith made a motion to send Bill 16 -40 to the full Council with a favorable recommendation. Councilmember Oliver Davis seconded the motion which carried by a voice vote of four (4) ayes. Bill No. 16 -41 — Designating a five year personal property tax abatement for Lebermuth Co. Sarah Heintzelman, Community Investment with offices on the 14th Floor of the County -City Building, served as the presenter for this bill. This is a personal property abatement for Lebermuth, they are planning on investing $1,425,000 for new equipment. Total estimated taxes abated will be $47,436. This project will create five (5) full time new jobs with an annual payroll of $208,000 and will help to retain seventy (70) current jobs. Allen Brown, CEO of Lebermuth Co., served as the petitioner for this bill. This new equipment will let us develop our fragrances in a more technologically efficient manner to continue to be competitive with other companies around the world. Committee member Paul Tipps asked if Lebermuth has been in compliance with their previous tax abatements. Ms. Heintzelman responded yes as far as she knew 2