24-15 Confirming Resolution Real Property Steel Warehouse

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Ct CITY OF SOUTH BEND --_-,t COMMUNITY INVESTMENT 1 rst,. April 17, 2024 Filed in Clerk's Office Council Member Troy Warner APR 1 1 2024 Chairperson, Community Investment Committee South Bend Common Council Bianca Tirado County-City Building, 4ch Floor City Clerk, South Bind, IN South Bend, Indiana 46601 RE: Confirming Resolutions (2): Personal Property and Industrial Development Real Property Tax Abatement Petition for Steel Warehouse Company, LLC Dear Council Member Warner, Please find the enclosed Confirming Resolutions and Memoranda of Agreement for a personal property tax abatement and an industrial development real property tax abatement, respectively, for Steel Warehouse Company, LLC, an Indiana Limited Liability Company. The petitioner plans to construct a new building at 2803 and 2920 Tucker Drive on Steel Warehouse's Tucker Drive campus to facilitate the installation of a new leveling line and materials handling equipment. This new line will require the construction of a 30,852 square foot building to house the equipment. The company's headquarters are located at 2722 Tucker Drive, and this address is commonly used to describe the entire campus. The total investment for this project is projected to exceed $14 million. The project meets the qualifications for a five-year(5) personal property tax abatement and a six-year(6) industrial development real property tax abatement. A representative from Steel Warehouse Company, LLC, will be available to meet with the Committee on Monday, April 22, 2024. Should you or other Council members have questions about the report or need additional information, please feel free to call me at (574) 235-5838. Sincerely, �_ __ • r Erik Glavich Director, Growth and Opportunity EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 14005 County-City Building 227W.Jefferson Blvd. South Bend.Indiana 46601 p 574.235.9371 www.southbendin.gov