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1200 COUrrr~t-CrrY BtnLDING <br />227 W. JEFFERSON BOULEVARD <br />SOL1Tx 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 ~L ECONOMIC DEVELOPMENT <br />July 16, 2007 ,JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />Council Member Derek D. Dieter, Chairperson <br />Community & Economic Development Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />RE: Personal Property Tax Abatement Petition for: <br />STEEL WAREHOUSE COMPANY, LLC and AFFILIATES and EQUIPMENT LESSORS <br />2722 W. TUCKER DRIVE, 1400 W. RIVERSIDE DRIVE and <br />1217 and 1215 S. WALNUT STREET <br />Dear Council Member Dieter: <br />Please find attached the Department of Community & Economic Development's report on three (3) <br />personal property tax abatement petitions for the above-referenced petitioner. Also attached are copies of <br />the three petitions, Statement of Benefits forms, and supporting information. The projects call for the <br />acquisition and installation of new equipment as part of the company's planned increase in productive <br />capacity in its facilities located at the above listed addresses. <br />The report contains the Department's findings relative to the above petitions. Steel Warehouse, LLC <br />will be purchasing and installing new equipment at the three above locations. The total cost of the three <br />projects for the equipment is estimated at $4,400,000 to $11,000,000. Each of the three projects meets the <br />qualifications for five-year (5) personal property tax abatements. A representative from Steel Warehouse <br />will be available to meet with the Committee on Monday, August 13, 2007. <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 ~ PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD <br />Fax: 574/235-9697 574/235-9371 <br />