11-08-10 Council Agenda & Packet

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Q34-9) New Manufacturing Equipment has the meaning set forth in I.C. 6- 1.1- 12.1 -1 et seq. (240) New Personal Property includes New Manufacturing Equipment, New Research and Development Equipment, New Logistical Distribution Equipment and New Information and Technology Equipment, all having the meaning set forth in I.C. 6- 1.1- 12.1 -1 et seq. (25--) Phase -In Prevailing Wages means the appropriate existing rate structures for the area's building trades as documented in the area's current applicable construction labor agreement. Current applicable agreements may be secured through the MACIAF Office located at 3215 A Sugar Maple Court, South Bend, Indiana 46628. 26) Poverty Wa e means the wage rate paid to a full time employee at the overriment- defined poverty level calculated by the Povert y Annual Income Level for a household of three (3) as listed iri the Annual Federal PovertGuidelines (htto://aspe.hhs..gov/poverty/index.shtml) divided by 2,080 hours. The current Poverty Wage until March 1, 2011 is $8.80 per hour. The Poverty Wage shall be recalculated annually on March 1 using the calculation described above. (272) Property has the meaning set forth in I.C. 6- 1.1- 12.1.1 et seq. J (283) Redevelopment has the meaning set forth in I.C. 6- 1.1- 12.1. -1 ct seq. (294) Redevelopment Blighted Area and R. A. mean real Property meeting the standards set forth in I.C. 6 -1.1 -12.1 et seq., excluding the South Side Development Area. (3025) Residentially Distressed Area and RDA mean an area that meets any of the following findings as declared by the Council: (i) The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings or multi - family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or (ii) Any dwellings in the area are not permanently occupied and are: w