My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Tax Exemption - Information Technology Equipment - Data Realty Northern Indiana, LLC - 1440 Ignition Drive
sbend
>
Public
>
Common Council
>
Legislation
>
Resolutions/Special Resolutions
>
2012
>
Tax Exemption - Information Technology Equipment - Data Realty Northern Indiana, LLC - 1440 Ignition Drive
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/12/2012 10:34:30 AM
Creation date
4/27/2012 11:21:12 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/23/2012
Ord-Res Number
4174-12
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
LETTER AGREEMENT REGARDING <br />ENTERPRISE INFORMATION TECHNOLOGY EQUIPMENT <br />TAX EXEMPTION <br />April 16, 2012 <br />The Common Council <br />City of South Bend, Indiana <br />227 West Jefferson Blvd. • Suite 400 S <br />South Bend, Indiana 46601 <br />Dear Honorable Council Members: <br />Data Realty Northern Indiana, LLC (the "Company ") requests that the Common Council (the <br />"Common Council ") of the City of South Bend, Indiana (the "City "), take such action as is <br />necessary and required pursuant to Indiana Code § 6- 1.1 -10 -44 (the "Act ") in order to determine <br />that certain enterprise information technology equipment of the Company is exempt from <br />property taxation pursuant to the Act. <br />The Company proposes to locate a project at 1440 Ignition Drive South (the "Site ") which is <br />located within the boundaries of the City (the "Project ") which Project will result in a capital <br />investment in real and personal property at the Site of $14.2 million. $6.0 million of the personal <br />property improvements will be attributable to the installation at the Site of enterprise information <br />technology equipment which will include but be not limited to the equipment listed at Exhibit A <br />attached hereto and incorporated herein and also any enterprise information technology <br />equipment which may in the future replace the equipment listed at Exhibit A. Additionally, the <br />jobs created by the Project will result in an average employee wage of $28.36 per hour, which <br />exceeds 125% of the county average wage for St. Joseph County, Indiana. <br />On behalf of the Company, the undersigned hereby certifies that Company constitutes an <br />"Eligible Business" as such term is defined in the Act because the Company meets each of the <br />following requirements: <br />(a) The Company is engaged in a business that, upon completion of the Project, will operate <br />one or more facilities dedicated to computing, networking, or data storage activities; <br />(b) The Company is located in a facility or data center in Indiana; <br />(c) The Company will have invested upon completion of the Project in the aggregate at least <br />$10,000,000 in real and personal property which investment will have occurred after <br />June 30, 2009; and <br />(d) The average employee wage of the Company at the Site is at least 125% of the county <br />average wage for St. Joseph County, Indiana. <br />BDDB01 65468270 <br />
The URL can be used to link to this page
Your browser does not support the video tag.