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Confirming Tax Abatement - R2 Diagnostics, Inc. 1801 Commerce Drive (5 Yr. Personal Proeprty)
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Confirming Tax Abatement - R2 Diagnostics, Inc. 1801 Commerce Drive (5 Yr. Personal Proeprty)
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9/12/2012 10:24:20 AM
Creation date
6/8/2012 11:17:29 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/29/2012
Ord-Res Number
4184-12
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offered or proposed to be offered by the Petitioner for children of employees. <br />There will be a designated "Kid Zone" for children of employees to use after <br />school. The hours of the laboratory are 7:00 am — 4:00 pm. The children will <br />be utilizing this space for approximately 1 hour a day. The room will have <br />computers and study tables as well as games for the children to use while they <br />are waiting for their mother or father. This is not intended to be for all day <br />care nor for children under school age. Currently no employees have children <br />under school age. <br />16. What is your best estimate of the market value of the new Equipment after <br />installation? $ 459,500 <br />17. What is your best estimate of the amount of taxes to be abated during each of <br />the five years after installation? Year 149,793.42, Year 2- $7,834.73, Year 3- <br />$8,226.47, Year 4- $4,113.23, Year 5- $1,566.95. Total Estimated abatement <br />$31,534.80 (See attached computation) <br />18. What is the commitment your firm will make to minority employment during <br />the five years of tax abatement? <br />R21) and ERL are equal opportunity employers, who do not discriminate in <br />hiring, promotion, discharge, pay, fringe benefits and other aspects of <br />employment, on the basis of race, color, religion, sex or national origin. <br />With the new facility, equipment and anticipated growth, the companies will <br />fill all openings with qualified individuals regardless of race, color, religion, sex <br />or national origin. <br />19. The Equipment has not been installed as of the date of filing of this petition. <br />(The signature at the end of this Petition is verification of this statement) <br />20. The standard Industrial Classification Manual major group within which the <br />proposed project would be classified, by number and description: <br />R21) — 6214510 — Medical and Diagnostic Laboratories <br />ERL — 541700 — Scientific Research and Development Services <br />21. The Internal Revenue Service Code of Principal Business Activity by which the <br />proposed project would be classified, by number and description: <br />(Revised 8/2/02) 4 <br />
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