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227 W. JEFFERSON BOULEVARD <br />Suiw 1400 S. <br />Soum BEND, IN 46601 -1830 <br />CITY OF SOUTH BEND PETE BUTTICIEC, MAYOR <br />COMMUNITY INVESTMENT <br />December 31, 2013 SCOTT FORD, EXECUTIVE DIRECTOR <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 />RE: Personal Property Tax Abatement Petition for: <br />Somaschini North America <br />Dear Council Member Ferlic: <br />PHONE: 574/235 -9371 <br />FAX: 574/235 -9021 <br />South Bend Gear received a five year personal property abatement from the Common Council and the <br />terms of that abatement were extended to February 14, 2014 in February of 2013. Schafer Gear Works is <br />no longer a part of the entity. Effective December 1, 2012 South Bend Gear became a single member <br />LLC with Somaschini as the sole member. In early 2013, the entity changed its name to Somaschini <br />North America, LLC. Today, Somaschini North America formally requested that the abatement be <br />transferred from South Bend Gear to Somaschini North America. <br />In addition, Somaschini North America is now requesting that the abatement be extended to February <br />15, 2015. The attached letter from their CEO explains the reasons for the extension request. <br />A representative of the company will be available to meet with the Committee on Monday, January 13, <br />2013. <br />To accomplish this request, a tax abatement recipient must notify the Council in writing. Attached you will <br />find a letter from the company's representative, Andrea Scanavini CEO, requesting the extension. <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 -9335. <br />Sincerely, <br />ZZZZ e <br />Director Economic Resources <br />Attachments <br />c: South Bend Common Council Members <br />Mayor Pete Buttigieg <br />Scott Ford <br />Chris Fielding <br />Fuld- In Ier ,s 6ffi®e <br />aHN <br />JOHN VOOR[DE <br />CITY CLERK, SOIiTFI BEND, IN <br />A5SISTANr EXECUTIVE DIRECTOR PIANNING NF.IGHBORIIOOD ENGAGEMENT ECONOMIC RFSOURCES <br />CHRISFIE[DING JFPINKMN FAME[ C. WrElt <br />HROCK ZEF.B <br />