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Redevelopment Commission <br />Tax Abatement - Charles Pryor <br />January 29, 1996 <br />Page 2 <br />Per the petition, it is estimated that this project will create two (2) new permanent <br />full -time jobs within the first year, representing an annual payroll of $26,000 and will <br />maintain four (4) full -time jobs and one (1) part -time job, representing an annual payroll <br />of $75,500. <br />REPORT SUMMARY <br />1. A review of the tax abatements previously granted finds that the petitioner has not <br />been granted any previous tax abatement consideration. <br />2. The building commissioner has reviewed the petition and finds the property has <br />multiple zoning conditions. The petitioner is currently working with the <br />Redevelopment Department and Area Plan Commission to have the entire property <br />properly zoned for the proposed use. <br />3. A review of the tax abatement designation areas finds that the property is located <br />in an area presently designated as a Tax Abatement Impact Area, as well as the <br />Economic Development Target Area and the Urban Enterprise Zone. <br />4. A review of the Redevelopment designation areas finds that the property is located <br />in the Sample /Ewing Development area, which is a Tax Incremental Allocation Area, <br />therefore, the petition first requires the approval of the South Bend Redevelopment <br />Commission. <br />5. A review of the Tax Abatement Ordinance (No. 8065 -90) finds that the petitioner <br />meets the qualifications for a three (3) year real property tax abatement under <br />Section 2 -83.1 (Warehouse Development in Economic Development Target Areas, <br />Urban Enterprise Zone, and Redevelopment Blighted Areas). <br />P:\MIKE\TAXABATE\ABATES96\TACHAMP.RP2 <br />