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/~ steel <br />~~ warehouse <br /> <br />2722 west tuc~Cer drive ~ p.o. box 137? <br />574-236-5100 <br />south bend, Indiana 46624 800-348-2529 <br />{ax no. 574-236-5154 <br />September 4, 2009 <br />Office of City Clerk <br />County -City Building <br />Room 455 <br />227 W. Jefferson Blvd. <br />South Bend, IN 46601 <br />Dear Sirs: <br />Tax Abatement Proposal <br />On behalf of Steel Warehouse Company LLC, I enclose a Petition for Personal <br />Property Tax Abatement and exhibits thereto, a Statement of Benefits Form and a check <br />to the City of South Bend in the amount of $250.00. <br />Steel Warehouse hereby submits its application for Personal Property Tax <br />Abatement in connection with a project to add new equipment having a value of <br />approximately $2.1 million to $3 million. Steel Warehouse believes that the project will <br />cxeate three to twelve new full time jobs with an annual payroll increase ranging from <br />$93,600 to $374,000 and maintain four 4 existing full time jobs with an annual payroll in <br />the range of $124,800. <br />Steel Warehouse Company LLC is a steel service center with a primary focus on <br />flat rolled, low carbon steel. Its operations involve slitting, leveling, pickling, shearing, <br />temper rolling and cold reducing. It also manufactures and supplies profiling parts using <br />its plasma and laser cutting operations. The proposed project will enable Steel <br />Warehouse to better serve the armor plate parts market. <br />The project qualifies five (5) years Personal Property Tax Abatement under <br />standards established for tax abatement by the City Council. We respectfully request <br />your favorable action on our Petition. . <br />Very truly yours, <br />~ ~~ ~ ~~ <br />Gerald F. Lerman <br />GL:Id <br />