05-14-12 Council Agenda & Packet

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CITY OF SOUTH BEND PETITI®N FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION The undersigned owner(s) of new manufacturing equipment, personal property, located within the City of South Bend, hereby petitions the Common Council of the City of South Bend for personal property (new manufacturing equipment) tax abatement consideration and pursuant to I.C., 6-1.1-12.11 et sec v and South Bend Municipal Code Section 2-$4.52, eta for this petition states the following: I. Describe the proposed project, including information about the new manufacturing equipment personal property (equipment) to be installed, the amount of land to be used, if any, the proposed use of the equipment, and a general statement as to the value of the project to your business. This Broject encom asses the urchase of various of machine b R2 Diagnostics, Inc. D to corn lament current a ui ment in order to jqp2ort client demands and higher volume. RZD is a biotechnolo com an that in con unction with En me Research Laboratories RL focuses on the p.LoducLion of higL_qualitv innovative products for the homeostasis market. R2 is an ISO 13485:2003 certified co m an that uses hi hl urified and well characterised source roteins and materials to roduce rea ants for routine coagulation testing with ma'or ern 12hasis on the detection of thrombo hi]lia. R21) intends to Durchase a ui rnent in the amount of$459.50o in 2012. 2. The project will create _ 2 new, permanent jobs within the first year, representing a new annual payroll of $ 65,000 and will maintain 15 existing permanent full-tune and 1 existing part-ti-tune jobs representing an annual payroll of approximately $ $00 000 . The projected annual salaries for each new position created are estimated to be as follows: Lab Tech —R21) - $30 000 - $46,200 Su erviso Position- R2D- $60.,000- $90,000 Research Chemist - R21) - $91 000 - $110,500 The above amounts were computed usin the average hour] rate with frin e benefits.)_ 1