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44 Department of
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Memorandum
Monday,April 21, 2014
TO: Redevelopment Commission
FROM: Brock Zeeb, Director of Economic Resources
SUBJECT: Tax abatement updates
DCI is just updating the Redevelopment Commission on current tax abatements under consideration
by City Council.
1. Noble Americas: Confirming on 4/28: Real Property
50 Jobs Project Cost $18 million
2. Vida Realty: Confirming on 4/28; Real Property 2 year vacant
9 Jobs Created and 5 jobs retained; Project Cost $286,300
3. IRBN; Confirming on 4/28; Personal Property; related to Vida Realty
Jobs listed above; Equipment Costs $620,000
4. Lippert Components, Confirming on 4/28: Personal Property 200
jobs; $1,300,000 Equipment Costs
5. Lock Joint Tube , Confirming on 5/12; Real Property and Personal Property
6 jobs created and 193 jobs retained
$3,148,900 real property improvements
$3,500,000 equipment costs
227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBENDIN.GOV