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17-10 Confirming a nine (9) year real property tax abatement for GLC III
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17-10 Confirming a nine (9) year real property tax abatement for GLC III
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4/25/2017 4:43:09 PM
Creation date
3/8/2017 1:48:30 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/27/2017
Ord-Res Number
17-08
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For Staff Use Only Below This Line <br />What is the current assessed value? <br />Real Property: <br />-70, 700 <br />Personal Property: <br />p ty: <br />What Is the projected assessed value? <br />Real Property: <br />/D, !a S,c3o^ <br />Personal Property: <br />p ty: <br />What is the tax key number for this project? <br />o as- /000 -00/3c,/ <br />What is the six digit NAILS code? <br />Please attach a Google map and street view of the location. <br />Please list the amount of real and personal property taxes <br />paid for the last rive years when applicable. <br />Real Property Taxes: <br />Personal Property Taxes: <br />Year One <br />7S" 7 <br />Year Two <br />4/41 <br />Year Three <br />g q0 / 3 <br />Year Four <br />SS C/ as <br />Year Five <br />- 3 6 c) 7 <br />Please fill out the following Public Benefit Summary Information and add to total from above. <br />Y or N <br />Points <br />Points <br />Public Benefit Item: <br />Project Related: <br />5 <br />A. <br />Redevelop a Site that has Special Needs <br />No <br />49 <br />B. <br />Develop Based on local University Research <br />No <br />35 <br />C. <br />Achieve a Physical Element of a Plan <br />Yes <br />36 <br />Sub -total Project Related: <br />36 <br />120 <br />6 <br />Super Size Projects (point values are cumulative): <br />A. <br />100% to 199% <br />Yes <br />a S <br />25 <br />B. <br />200% to 299% <br />Yes <br />68 <br />C. <br />300% to 399% <br />Yes <br />65 <br />D. <br />400% and Over <br />Yes <br />moo? <br />52 <br />Sub -total Super Size Projects: <br />oZ C <br />210 <br />7 <br />PAY—for Municipal Infrastructure: <br />A. <br />Pay for Oversizing or Upgrading <br />14 <br />B. <br />Pay for 26 -50% of Extension Cost <br />26 <br />C. <br />Pay for 51 -75% of Extension Cost <br />39 <br />D. <br />Pay for 76 -100% of Extension Cost <br />52 <br />Sub -total Infrastructure Related: <br />i31 <br />Total from Applicant Section: <br />4,5Z 7 <br />539 <br />Total from Staff Section: <br />10 <br />461 <br />Total Public Benefit Points: <br />637 <br />1000 <br />
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