My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
09-27-10 Council Agenda & Packet
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2010
>
09-27-10 Council Agenda & Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/24/2010 8:56:03 AM
Creation date
9/23/2010 2:56:51 PM
Metadata
Fields
Template:
City Council - City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
117
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 Common Council <br />RE: Tax Abatement for Steel Warehouse Company, LLC <br />September 2, 2010 <br />Page 2 <br />The total estimated cost of the equipment is $2,400,000 to $3,000,000. <br />Depending on the final value of the equipment to be procured total taxes to be abated during the (5} <br />five-year abatement period are estimated to be between $55,746 and $77,809. Total additional taxes <br />to be paid as a result ofthe project during the five-year abatement period are estimated to be between <br />$163,197 and $203,997. <br />EMPLOYMENT )IMPACT <br />Per the petition, it is estimated that the project will create seven (7} to nineteen (19}new, permanent <br />full-time positions with an annual payroll of $212,700 to $582,864. The project will also maintain <br />four (4} existing permanent full-time positions with a total annual payroll of $133,120. <br />ABATEMENT QUALIFICATION <br />1. A review of the tax abatements previously granted finds that the petitioner has been granted or <br />been associated with the previous tax abatements listed below. 1n addition, at this tune the <br />company is also petitioning for a personal property tax abaterrrenfi at its 2722 W Tucker Dr. <br />location, <br />Term/Type Resolution No. Date <br />5 year personal property 1169-84 June 25, 1984 <br />S year personal property 1432-86 Sept. 8, 1986 <br />5 year personal property 1674-88 Nov. 28, 1988 <br />0 year real property 1964-92 July 27, 1992 <br />5 year personal property 1965-92 July 27, 1992 <br />10 year real property 2157-94 July 11, 1994 <br />5 year personal property 215$-94 July 11, 1994 <br />10 year real property 2371-96 June 24, 1996 <br />5 year personal property 2372-96 June 24, 1996 <br />10 year real property 2496-97 August 25, 1997 <br />5 year personal property 2495-97 August 25, 1997 <br />5 year personal property 2714-99 March 22, 1999 <br />10 year real property 2798-99 4ct.11, 1999 <br />5 year personal property 2896-00 June 26, 2000 <br />10 year real property 2895-00 June 26, 2000 <br />S year personal property 3035-01 Sept, 24, 2001 <br />
The URL can be used to link to this page
Your browser does not support the video tag.