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Confirming Tax Abatement - 4260 Ralph Jones Drive - LNW Partners, LLP, d/b/a We R Xhibits, Inc
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Confirming Tax Abatement - 4260 Ralph Jones Drive - LNW Partners, LLP, d/b/a We R Xhibits, Inc
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1/23/2008 9:35:58 AM
Creation date
1/11/2008 9:03:35 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/14/2006
Ord-Res Number
3623-06
Bill Number
06-78
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5. (a) The real property for which tax abatement consideration is petitioned (Property) <br />is owned or to be owned by the following individuals or corporation (if the business <br />organization is publicly held, indicate also the name of the corporation parent, if any <br />and the name under which the corporation has filed with the Securities and <br />Exchange Commission): <br />NAME ADDRESS INTEREST (%) <br />LNWPartners, LLP 4260 Ralph Jones Drive 100% <br />South Bend, IN 46628 <br />(b) The following other person(s) lease, intend to lease, or have an option to buy <br />the Property (include corporate information as required in 5(a) above, if applicable): <br />NAME ADDRESS INTEREST(%) <br />We R Xhibits 4260 Ralph Jones Drive 100% <br />South Bend, IN 46628 <br />6. The commonly known address of the Property is: 4260 Ralph .Tones Drive <br />South Bend, IN 46628 <br />7. The .Key Number(s) of said property is: 25-1013-021117 <br />25-1013-021116 <br />8. A legal description of the above address is attached hereto, marked Exhibit A, and <br />incorporated herein. <br />9. A map and/or plat describing the Property is attached hereto, marked Exhibit B, and <br />incorporated herein. <br />10. Photographs of the property, taken within two (2) weeks of filing of this petition, are <br />attached hereto, marked Exhibit C, and incorporated herein. <br />11. The development or rehabilitation project itself will create 2 full-time and <br />1 part-time permanent jobs within the first year, representing a new annual <br />payroll of $ 88,500.00 and will maintain 13 existing permanent full-time <br />and 1 existing permanent part-time jobs including existing permanent full- <br />time minority employment of 1 and existing permanent part-time minority <br />employment of 0 with an annual payroll of $ 563,500.00 <br />12.The projected annual salaries for each new position indicated above are estimated <br />to be as follows (If more space is needed, please attach a separate sheet): <br /> Full-Time <br />Laborers $ 30,000.00 $ <br />Technical $ 40,000.00 $ <br />Managerial $ n/a $ <br />Administrative $ n/a $ <br />Part-Time <br />n/a <br />n/a <br />18,500.00 <br />n/a <br />2 <br />
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