My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
07-11-11 Council Agenda & Packet
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2011
>
07-11-11 Council Agenda & Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/14/2014 10:54:45 AM
Creation date
7/7/2011 10:50:44 AM
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.
/
120
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
RE: Tax Abatement for GVW Realty, LLC <br /> June 22 , 2011 <br /> Page 2 <br /> The project is vital to the future growth of Premier Bandag #3 because it will enhance the <br /> Company's image and level of services it provides to its largest customer(Best One Tire)which will <br /> be located next door. <br /> Assuming a six year abatement term is approved at the Confirming Resolution,the total taxes to be <br /> abated during that term are estimated at $ 185,279. Total taxes to be paid during the six year term <br /> are estimated at $130,537. <br /> EMPLOYMENT IMPACT <br /> Per the petition, it is estimated that the project will create fifteen (15) new, permanent full-time <br /> positions and one (1) part-time position with total wages estimated at $450,000. <br /> ABATEMENT QUALIFICATIONS <br /> 1. A review of the tax abatements previously granted finds that the petitioner has been granted or <br /> been associated with one previous ten(10)year real property tax abatement which was approved <br /> on October 23, 2000, <br /> 2. The Building Commissioner 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 Airport Economic Area, which is a Tax Incremental Allocation Area; therefore, the <br /> petition for real property tax deduction must first be approved by the South Bend Redevelopment <br /> Commission. <br /> 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br /> qualifications for up to a six year real property tax abatement under Section 2-83.1, Warehouse <br /> Development in the Economic Development Target Areas, Urban Enterprise Zone and <br /> Redevelopment Blighted Areas. <br />
The URL can be used to link to this page
Your browser does not support the video tag.