No. 1340 approving an application for real property tax deduction (Design Packaging, Inc., SE corner of Bronson St. and Lafayette Blvd.)

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Aft Redevelopment Commission Design Packaging, Inc. April 18, 1995 Page 2 U While it is unknown at this time the number of jobs this project will create, the petitioner has indicated that one of the precipitating factors in choosing the location in question is to try to maximize the employment opportunities for the minorities in the area. The project will also maintain twenty -six (26) permanent full time and no part time jobs representing an annual payroll of $572,000. REPORT SUMMARY 1. The petitioner has not been granted any previous tax abatement consideration. 2. The Building Commissioner has reviewed the project and has found it to be properly zoned for the proposed use. I 3. The property is located in an area presently designated as a Tax Abatement Impact Area by the South Bend Common Council. 4. The property is also located in the Sample /Ewing Development Area which is a Tax Incremental Financing Allocation Area, therefore, the petitions for ten years of real property abatement and the petition for five years of personal property abatement first require the approval of the South Bend Redevelopment Commission. 5. A review of the Tax Abatement Ordinance (no. 8065 -90) finds that the petitioner meets the qualifications for a ten (10) year real property tax abatement under Section 2 -82.1, (Industrial Development in the Urban Enterprise Zone and Redevelopment Blighted Areas) and meets the qualifications for a five (5) year personal property tax abatement under section 2 -84.2 (Tangible Personal Property Tax Abatement).