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Confirming Tax Abatement - McCormick & Co. Inc. 3425 W Lathrop Dr. (5 Yr. Personal Property)
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Confirming Tax Abatement - McCormick & Co. Inc. 3425 W Lathrop Dr. (5 Yr. Personal Property)
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Last modified
5/3/2013 2:31:01 PM
Creation date
1/31/2011 2:57:25 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
1/24/2011
Ord-Res Number
4076-11
Bill Number
11-04
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11-Jan-11 <br /> McCormick and Company, Inc. <br /> Public Benefit Points Summary <br /> Qualify Earned Available <br />Public Benefit Item: Y or N Points Points <br />Proiect Related: <br />1. A. Redevelop a Site that has Special Needs N 0 49 <br />B. Develop Based on Local University Research N 0 35 <br />C. Achieve a Physical Element of a Plan N 0 36 <br /> Sub-total Project Related: 0 120 <br />2. Super Size Proiects (point values are cumulative): <br />A. 100% to 199% Y 25 25 <br />B. 200% to 299% Y 68 68 <br />C. 300% to 399% Y 65 65 <br />D. 400% and Over Y 52 52 <br /> Subtotal Super Size Projects: 210 210 <br />3. Construction Related: <br />A. Employ Local Companies N 0 20 <br />B. Purchase Materials from Local Companies Y 20 20 <br />C. Require Employees vs. Independent Contracts Y 19 19 <br />D. Require Target Wage Levels Y 22 22 <br />E. Require Health Benefits Y 22 22 <br />F. Require Pension Benefits Y 18 18 <br />G. Maintain Affirmative Action Plan Y 20 20 <br /> Sub-total Construction Related: 121 141 <br />4. Waae & Benefit Related: <br />A. Pay Target Wage Levels Y 33 33 <br />B. Provide Health Benefits Y 34 34 <br />C. Provide Pension Benefits Y 29 29 <br />D. Provide Training Y 28 28 <br />E. Provide Child Care N 0 15 <br />F. Provide Transportation Assistance N 0 14 <br />G. Provide Employer Assisted Housing program N 0 9 <br /> Sub-total Wage 8 Benefit Related: 124 162 <br />5. Workforce Related: <br />A. Create New Jobs Y 42 42 <br />B. Retain Existing Jobs Y 41 41 <br />C. Maintain Affirmative Action Plan Y 35 35 <br />D. Provide Targeted Hiring Preference N 0 34 <br /> Sub-total Workforce Related: 118 152 <br />6. Pav for Municipal Infrastructure: (point values are cumulative): <br />A. Pay for Oversizing or Upgrading N ~ 0 14 <br />B. Pay for 26-50% of Extension Cost N 0 26 <br />C. Pay for 51-75% of Extension Cost N 0 39 <br />D. Pay for 76-100% of Extension Cost N 0 52 <br /> Sub-total Infrastructure Related: 0 131 <br />7. Support a Municipal Facility: ' <br />A. Support a Municipal Facility N 0 84 <br /> Total Public Benefit Points: 573 1000 <br />* Qualification for each Public Benefit Item based on best available information at time of application or <br />good faith determination if no information available. <br />
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