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Bill No. 16-22 Confirming Personal Property Tax Abatement for AM General, LLC
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Bill No. 16-22 Confirming Personal Property Tax Abatement for AM General, LLC
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227 W. JEFFERSON BOULEVARD <br />SUITE 1400 S. <br />SOUTH BEND, IN 46601 -1830 <br />August 2, 2016 <br />CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR <br />COMMUNITY INVESTMENT <br />Council Member Gavin Ferlic, Chairperson <br />Community Investment Committee <br />South Bend Common Council <br />4th Floor, County City Building <br />South Bend, IN 46601 <br />PHONE: 574/235 -9371 <br />FAx: 574/235 -9021 <br />RE: Personal Property Tax Abatement Petition for: AM General, LLC <br />Dear Council Member Ferlic: <br />Please find the attached information pertaining to a personal property tax abatement <br />petition for AM General, LLC: <br />➢ Department of Community Investment's summary report <br />➢ Copy of the petition <br />➢ Statement of Benefits form <br />➢ Supporting information. <br />The report contains the Department's findings relative to the above petition. AM <br />General, LLC will be investing approximately $1,100,000 in the purchase of new <br />equipment, as part of their Service Parts Logistics Operations (SPLO). AM General, <br />LLC will be relocating their SPLO operation to South Bend in an effort to become more <br />efficient, reduce costs, and build a new Military Field Service & Training group that <br />provides technical support and training to its customers. The project meets the <br />qualifications for a (5) five year personal property tax abatement. A representative from <br />AM General, LLC will be available to meet with the Committee on Monday, August 8, <br />2016. <br />Should you or any of the other Council members have any questions concerning the <br />report, or need additional information, please feel free to call me at 235 -5823. <br />Sincerely, <br />Aaron Kobb <br />Director of Economic Resources <br />PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES <br />TIM CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB <br />
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