No. 1113 approving an application for personal property tax deduction (Mack Tool & Engineering, Inc.)

Home Browse Search

a The project will create three (3) new permanent full -time jobs in the first year, representing an annual payroll of $135,000 and will maintain twenty (20) existing permanent full -time and existing part -time jobs with an annual payroll of $712,625. OTHER ITEMS 1. The petitioner was granted a real property abatement, resolution number 1767 -90, on February 12, 1990 and a personal property abatement, resolution number 1768 -90, on February 12, 1990. The petitioner is in compliance with the reporting requirements for those abatements. 2. The property is properly zoned for the proposed use. A copy of the report from the Building Commissioner is attached. 3. The property is not located in an area presently designated as a Tax Abatement Impact Area by the South Bend Common Council. 4. The property is located in the Airport Economic Development Area. 5. The property is located in a Redevelopment Commission scheduled meeting on Friday attached. Tax Incremental Financing Allocation Area. The considered this abatement petition at its regularly , November 6, 1992. A copy of their resolution is 6. The petitioner qualifies for 5 years of personal property tax abatement under Section 2 -84.2 (Tangible Personal Properly Tax Abatement) of the Tax Abatement Ordinance (No. 8065 -90).