My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
07-09-10 Redevelopment Commission Minutes
sbend
>
Public
>
Redevelopment Commission
>
Minutes
>
2010-2019
>
2010
>
07-09-10 Redevelopment Commission Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/23/2010 12:00:36 PM
Creation date
7/23/2010 12:00:33 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
31
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
South Bend Redevelopment Commission <br />Rescheduled Regular Meeting –July 9, 2010 <br /> <br />5. OLD BUSINESS (CONT.) <br /> <br />A. Tax Abatement <br /> <br />(1) continued… <br /> <br />practice to count women as a minority. <br /> <br />Ms. Jones noted that McCormick and <br />Company will pay $342,000 in taxes in 2011, <br />increasing to $500,000 in 2015. The total <br />additional taxes to be paid as a result of this <br />expansion will be about $1,000,000 over six <br />years. She noted that the term tax abatement <br />is a misnomer. It should be called a tax <br />phase-in. <br /> <br />Ms. King asked if McCormick and Company <br />has made its decision yet to centralize its <br />operations in South Bend. Mr. Calhoun said <br />it has not. The tax abatement incentive will <br />be a factor in the decision. <br /> <br />CRN.2676 <br />Upon a motion by Ms. King, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AN APPLICATION FOR REAL <br />Mr. Alford and unanimously carried, the <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />Commission approved Resolution No. 2676 <br />3425W.L(MC <br />LOCATED AT ATHROP CORMICK <br />approving an application for real property tax <br />C) <br />AND OMPANY <br />deduction for property located at 3425 W. <br />Lathrop (McCormick and Company) <br /> <br /> <br />(2) Resolution No. 2677 approving an <br />application for personal property tax <br />deduction for property located at 3425 W. <br />Lathrop (McCormick Foods) <br /> <br />Mr. Mathia noted that the cost of the personal <br />tax abatement over the five year period is <br />expected to be $6,471. <br /> <br />CRN.2677 <br />Upon a motion by Ms. King, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AN APPLICATION FOR PERSONAL <br />Mr. Alford and unanimously carried, the <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />Commission approved Resolution No. 2677 <br />3425W.L(MC <br />LOCATED AT ATHROP CORMICK <br />approving an application for personal <br />F) <br />OODS <br /> 7 <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.