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18-20 Confirming Property Tax Abatement Petition - Franklin Street Technology Park, LLC
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18-20 Confirming Property Tax Abatement Petition - Franklin Street Technology Park, LLC
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5/9/2018 11:14:22 AM
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5/8/2018 9:14:09 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/14/2018
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EMPLOYMENT IMPACT <br /> Per the petition,it is estimated that the total project will: _ <br /> ➢ Create sixty(60)indirect jobs <br /> APR 18 2018 <br /> ABATEMENT QUALIFICATION <br /> 1. A review of the tax abatements previously granted, finds that the petitioner has not <br /> been granted or associated with any previous abatements. <br /> 2. The Area Plan Commission has reviewed the petition and finds the property to be properly <br /> zoned for the proposed project. <br /> 3. A review of the South Bend Redevelopment designation areas finds that the property is located <br /> in the River West Development Area. <br /> 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br /> qualifications for an(8)eight-year real property tax abatement under section 2-84.2,Tangible <br /> Real Property Tax Abatement. <br />
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