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CITY OF SOUTH BEND i COMMUNITY INVESTMENT <br /> EMPLOYMENT IMPACT <br /> Per the petition, it is estimated that the total project will: <br /> ➢ Create (33) permanent full time jobs within 3 years, representing a new annual <br /> payroll of$1,373,840. <br /> ➢ Maintain(7)permanent full-time jobs with a payroll of$500,864. <br /> ➢ The hourly wages for employees will range from$18 to $33.50. <br /> ABATEMENT QUALIFICATION <br /> 1. A review of the tax abatements previously granted, finds that the petitioner has not <br /> been granted or associated with any previous abatements. <br /> 2. The Building Commissioner has reviewed the petition and finds the property to be properly <br /> zoned for the proposed project. <br /> 3. A review of the South Bend Redevelopment designation areas finds that the property is located <br /> in the River West Development Area. <br /> 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br /> qualifications for a(7) seven-year real property tax abatement under section 2-84.2,Tangible <br /> Real Property Tax Abatement. <br /> I <br /> i <br /> f <br /> 1 <br /> i <br /> EXCELLENCE j ACCOUNTABILITY I INNOVATION ( INCLUSION EMPOWERMENT s <br /> 1400S County-City Building 1 227 W.Jefferson Bvld. South Bend,Indiana 46601 I p 574.235.93711 wvvw.southbendin.gov <br />