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See 2 -78 PRIMARY IMPACT MEASURES FOR BASE PRASE -IN FOR Real Property <br />a. Investment: Buildin s and Site <br />–Improvements Ij) <br />$250,000 to $52,000,000 <br />3 years <br />$52,000,001 to $ -310,000,000 <br />4 years <br />$330,000,001 to <br />506 to 99 <br />$415,000,000 <br />5 years <br />$415,000,001 to <br />150 to 199 <br />$520,000,000 <br />6 years <br />$35,000,1) to <br />$4 25,000,000 <br />7 years <br />$245,000,041 to <br />$2530,000,000 <br />8 years <br />$3025,000,001 to <br />$50,000,000 <br />9 years <br />over $50,000,000 <br />10 years <br />b. Net New Fm to mentJeb,& <br />5 to 105 <br />1 year <br />106 to 29 <br />2 years <br />30 to 4955 <br />3 years <br />506 to 99 <br />4 years <br />140 to l49 <br />5 years <br />150 to 199 <br />6 years <br />over 200 <br />7 years <br />Real Property Base Tax Phase -In: <br />e. Existing EM l vmentjle� <br />South Bend provides consideration for existing <br />employers based upon <br />=� dries <br />el—a Dreg G' the applicant's St. Joseph Count <br />Indiana existing ill -tune Io_y_ment as of the <br />date of the fali�his a lication <br />Current employees paid in excess of St. <br />Joseph County Average Wage(2) <br />10 to 50 1 year <br />Over 50 2 years <br />d. Wages <br />85% of total local full -tune ern Io ees <br />must meet this standard to qualify <br />110 to 149% of average count wage {2) <br />2 years <br />150 to 1741/o of average county wage (2) <br />3 years <br />175 to 199% of average county wage (2) <br />5 years <br />over 200% of average county wage (2) <br />7 years <br />Investment Net New Jobs Existing Jobs Wages Total <br />(1) Defined as expenses directly related to the proposed new construction or rehabilitation <br />excluding costs of land, financing, architect, engineering, and attorney fees. <br />(2) Current Average County Wage is $18.07/hr (Marchl, 2010) Does not include benefits. <br />c3) Maximum available under State law = 10 years <br />11 <br />