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South Bend Redevelopment Commission <br />Regular Meeting -May 19, 2006 <br />6. NEW BUSINESS (CONT.) <br />B. Tax Abatements <br />() continued... <br />and packaging lines. The large pouch filler <br />area will be reconfigured to fit one additional <br />filler. A small expansion (2,300 sft) at the <br />front of the building will accommodate <br />employee amenities for the 38 new <br />employees (locker rooms, lunch room, <br />restrooms). External to the facility, a larger <br />transformer will be installed, and additional <br />parking for employees will be added. <br />It is estimated that the total project will <br />create thirty-eight (38) new, permanent, full- <br />time jobs representing a new annual payroll <br />of $989,498. The project will also maintain <br />ninety (90) existing permanent full-time jobs <br />and two (2) existing part-time positions <br />representing an annual payroll of $4,555,600. <br />The petitioner has not been granted or <br />associated with any previous tax abatement. <br />The property is properly zoned for the <br />proposed project. The property is located in <br />the Airport Economic Development Area, <br />which is a Tax Incremental Allocation Area; <br />therefore, the petition for personal property <br />must first be approved by the South Bend <br />Redevelopment Commission. The project <br />meets the qualifications for a five (5) year <br />personal property tax abatement under the <br />tax abatement ordinance. <br />11 <br />