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1200 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574! 235-9371 <br />FAx 574/235-9021 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY $~ ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />August 6, 2009 <br />Council Member Timothy Rouse, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, 1N 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />SCHAFER GEAR WORKS, INCORPORATED <br />Dear Council Member Rouse: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above-referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls for the acquisition and installation <br />of various kinds of metal working equipment to be located at 4701 Nimtz Parkway. <br />The report contains the Department's findings relative to the above petition. The total cost for the <br />equipment is estimated at $2,800,000. The project meets the qualifications fora (5) five-year personal <br />property tax abatement and a representative from Schafer Gear Works, Incorporated will be available to <br />meet with the Committee on Monday, August 24, 2009. <br />Should you or any of the other Council members have any questions concerning the report, or need <br />additional information, please feel free to call me at 235-5835. <br />Sincerely, <br />~~~ ~~~~~ <br />Bob Mathia <br />Assistant Director, <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL RC PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 5741235-9371 ELIZABETH LEONARD <br />FAX: 574/235-9697 5741235-9371 <br />