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,~O~TH BF <br />~ ~ ~ O~ 1 i ~ ~i. <br />~ ~: ~ / f ~l F <br />Community & Economic Development r~~~~ <br />1200 County-City Building, 227 Wesi Jefferson, South Bend, Indiana 46601-1830 ~ Phone 574/235-9371 • Fax 574/235-9021 <br />To: Redevelopment Commission <br />From: Ann Kolata ~~ ~ ~! ~~-- <br />~h~i< <br />Subject: Proposal to Purchase Land -Oliver Industrial Park <br />Date: September 15, 2008 <br />Date Submitted: September 10, 2008 <br />Property to be Purchased: Lots 7 & 8 -Oliver Industrial Park -approximately 7.84 acres <br />Potential Purchaser: River Bend Hose Specialty Inc./3G Properties (partnership) <br />Principals: James C. Betz -President/'hreasurcr <br />Linas K Slavinskas -Vice President/Secretary <br />Terms of Purchase: Purchaser has offered $0.00 for the property with the stipulation that they will <br />forfeit the opportunity to apply for real property tax abatement. <br />Description of Protect: River Bend Hose Specialty, Inc. is a wholesale distributor of commercial <br />hose products and certain hardware supplies. Their proposal states the following: <br />River Bend hose Specialty inc., in conjunction with 3G Propertier (real estate partnership), propose <br />to construct a new, 7~, 000 sq f1, manufacturing and warehouse facility on lots 7 & 8 of the Oliver <br />Industrial Park. Preliminary site plans and drai~~i~2gs of the futility are attached. <br />The purpose of this project is to consolidate manufacturing and distribution operations into one <br />building. Currently these operations are perft~rmed in three buildings ai two locations. This project <br />will allow River Bend Hose Specialty to be more efficient and will retain 60 jobs in ibe city of Souib <br />Bend. In addition, this project will allow River Bend Hose Specialty to expand its business and <br />services in lbe fzrture. <br />River Bend hose Specialty (nc. makes this proposal 1ti~ith the understanding=That we i+~rll not be <br />responsible for any existing environmental conditions and will not bear any additional construction <br />cos/s caused by abnormal soil conditions, i. e. hutted objects, unstable soil, high water fables etc. <br />