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1200 COUNTY -CITY BUILDING <br />227 W JEFFERSON BOULEVARD <br />SOUTH BEND INDIANA 46601 -1830 <br />PHONE 574/ 235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />February 4, 2009 <br />Council Member Timothy Rouse, Chairperson <br />Community & Economic Development 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 />ROYAL HOLDINGS INC. d.b.a. ROYAL ADHESIVES <br />Dear Council Member Rouse: <br />Please find attached the Department of Community & Economic Development's report on a personal <br />property tax abatement petition for the above - referenced petitioner. Also attached is a copy of the petition, <br />Statement of Benefits form, and supporting information. The project calls for the acquisition and installation <br />of new and used equipment for a new a manufacturing facility and warehouse to be constructed at 2001 <br />West Washington Street. Any used equipment acquired would come from outside the State of Indiana. <br />The report contains the Department's findings relative to the above petition. The total cost for the <br />equipment is estimated at $3,168,075. The project meets the qualifications for a (5) five -year personal <br />property tax abatement and a representative from Royal Holdings will be available to meet with the <br />Committee on Monday, February 23, 2009. <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 -5835. <br />Sincerely, <br />A 4 1 �?,, 5 <br />Bob Mathla <br />Assistant Director, <br />Economic Development <br />Attachments <br />cc: South Bend Common Council Members <br />Mayor Stephen Luecke <br />Jeff Gibney <br />Don Inks <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235 -9660 5741235 -9371 ELIZABETH LEONARD <br />FAX: 574/235 -9697 5741235 -9371 <br />