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Designating Tax Abatement - 105 N. Niles Ave. - Niles/Washington LP f/b/o AM General
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Designating Tax Abatement - 105 N. Niles Ave. - Niles/Washington LP f/b/o AM General
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Last modified
9/12/2012 9:50:18 AM
Creation date
11/20/2007 2:50:46 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/25/2006
Ord-Res Number
3643-06
Bill Number
06-99
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or to be owned by the following individuals or corporations (if the business organization <br />is publicly held, indicate also the name of the corporate parent, if any, and the name under <br />which the corporation has filed with the Securities and Exchange Commission): <br />NAME ADDRESS INTEREST ( %) <br />Niles /Washington LP 227 S. Main St.,Ste. 300 100% <br />P.O.Box 1331, South Bend, IN 46601 <br />(b) . The following other person(s) lease, intend to lease, or have an option to buy the Property <br />.(include corporate information as required in 5(a) above, if applicable); <br />NAME ADDRESS INTEREST( %) <br />AM General <br />105 N. Niles Avenue <br />South Bend, IN 46617 <br />6. - The commonly known address of the Property is: <br />105 North"Niles Avenue, South Bend, IN 46617 <br />7. The Key Number(s) of said property is: <br />18- 5004 - 007901 & 18- 5004 -0072 <br />100$ <br />8. A legal description of the above address is attached hereto, marked "Exhibit <br />A," and incorporated herein. <br />9. A map and /or plat describing the Property is attached hereto, marked "Exhibit <br />B," and incorporated herein. <br />10. Photographs of the property, taken within two (2) weeks of filing of this petition, <br />are attached hereto, marked "Exhibit C," and incorporated herein. <br />11. The redevelopment or rehabilitation project itself will create 11 full -time and <br />0 part-time permanent jobs within the first year, representing a new <br />annual payroll of $ .8 million and will maintain 104 existing permanent <br />full -time and 1 existing permanent part-time jobs including existing <br />permanent full -time minority employment of 12 and existing permanent part - <br />time minority employment of o with an annual payroll of $ <br />over $9.8 million. <br />12. The projected annual salaries for each new position indicated above are <br />estimated to be as follows (If more space is needed, please attach a separate <br />sheet): individual salary information is considered confidential; <br />salary information is based on specific grade levels and mid -point <br />(Rev8/5�jjry ranges. Company anti ipates $.8 million increase within one <br />year without consideration of bonus or profit sharing. <br />
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