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WHEREAS, the principals of the Company were unclear and unaware of the requisite <br /> ongoing procedures required to gain the tax abatement granted by the above referenced <br /> Resolution; and <br /> WHEREAS,the following facts support approval of this resolution: <br /> A. The Petitioner states that the Company was unclear of the necessity to file Form <br /> 322NBD and Form CF-INBD, which need to be filed with the Auditor's Office <br /> within thirty(30) days of September 14, 2015 and September 14, 2016; <br /> B. Petitioner failed to file its requisite forms due to its confusion and misunderstanding <br /> about its filing responsibilities; <br /> C. Upon learning of its mistake and receipt of a tax bill,the Company filed with the <br /> Company auditor a Form 322NBD and Form CF-1NBD in 2017; <br /> D. Petitioner has taken steps to avoid this problem in the future; <br /> E. The Company exceeded the estimates stated in the original Petition for Tax <br /> Abatement, in light of the fact that eight(8) new, permanent, full-time employment <br /> positions have been added since the granting of the tax abatement; <br /> I <br /> I <br /> F. That annual payroll for 2015 was Three Hundred Fifty-five Thousand Nine Hundred <br /> Two Dollars and Nine Cents($355,902.09); <br /> G. That annual payroll for 2016 was Three Hundred Forty-four Thousand Three <br /> Hundred Thirty-three Dollars and Thirty-five Cents ($344,333.35); <br /> H. To date in 2017 payroll is Two Hundred Twenty-five Thousand Four Hundred Sixty- <br /> five Dollars and Ninety-nine Cents ($225,465.99), and annualized to Three Hundred <br /> Eighty-six Thousand Five Hundred Thirteen dollars and Twelve Cents ($386,513.12); <br /> I. Additionally,the Company has been able to retain twelve (12) current full-time <br /> positions of employment; <br /> J. Petitioner invested One Hundred Eighty-four Thousand Three Hundred and Sixty- <br /> eight Dollars($184,368.00) in the subject real property and improvements in 2014 <br /> and 2015, and a total of Two Hundred Twenty Thousand Six Hundred and Seventy- <br /> five Dollars ($220,675.00) year to date; <br /> K. The project in question is a positive development to this community, especially in <br /> light of the location of the improvements and real property in question, being a <br /> 2 <br />