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1200 COiJN'I'Y-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 5741235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY SL ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />TAX ABATEMENT REPORT <br />TO: SOUTH BEND COMMON COUNCIL <br />FROM: BOB MATHIA <br />SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITIONS FOR: <br />STEEL WAREHOUSE COMPANY, LLC and AFFILIATES and <br />EQUIPMENT LESSORS <br />2722 W. TUCKER DRIVE <br />1400 W. RIVERSIDE DRIVE <br />1217 and 1215 S. WALNUT STREET <br />DATE: July 16, 2007 <br />On July 5, 2005, three (3) petitions for personal property tax abatement consideration for <br />property located at 2722 West Tucker Drive, 1400 West Riverside Drive and 1217/1215 South <br />Walnut Street were filed with the City Clerk by Steel Warehouse Company, LLC, et al. Pursuant to <br />Chapter 2, Article 6, Section 2-77 of the Municipal Code of the City of South Bend, the petitions <br />were referred to the Department of Community and Economic Development for purposes of <br />investigation and preparation of a report determining whether the areas qualify as Economic <br />Revitalization Areas pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. <br />The Department of Community and Economic Development has reviewed the petitions, <br />investigated the areas and makes the following report. The report reviews and summarizes the <br />requests from Steel Warehouse Company LLC for all three of the personal property abatements. <br />PROJECT SUMMARY <br />Steel Warehouse Company LLC is a steel service center with a primary focus on flat rolled, <br />low carbon steel with operations involving slitting, leveling, pickling, shearing, temper rolling, and <br />cold reducing. The petitioner also supplies profiling parts through its plasma and laser cutting <br />operations. In connection with its operations, the company takes substantial positions in steel and <br />steel products for the future sale and marketing of the same to its customers. <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYEP. DONALD E. INKS MANAGEMENT <br />5741235-9660 574/235-9371 ELIZABE7H LEONnnD <br />Fax: 574!235-9697 5741235-9371 <br />