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South Bend Common Council <br />RE: Tax Abatement for Huron Partners <br />July 17, 2006 <br />Page 2 <br />EMPLOYMENT IMPACT <br />Per the petition, there aren't any estimations regarding creation of new or existing, permanent, full or <br />part-time jobs regarding the project due to the speculative nature of the project. <br />ABATEMENT QUALIFICATION <br />A review of the tax abatements previously granted, finds that the petitioner has not been granted <br />or associated with any previous tax abatements. <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 Development Area, which is a Tax Incremental Allocation Area; <br />therefore, the petition for real property tax abatement must first be approved by the South Bend <br />Redevelopment Commission. <br />4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner does meet the <br />qualifications for (9) nine-year real property tax abatement under Section 2-82, Industrial <br />Development City-Wide. <br />