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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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Same as #20 <br />22. The real property where the Equipment will be installed is located in the <br />following Allocation Area, if any, declared and confirmed by the South Bend <br />Redevelopment Commission: <br />Airport Economic Development Area <br />23. Other anticipated public financing for the project including, if any, industrial <br />revenue - bonding to be sought or already authorized, assistance through the <br />United States Department of Housing and Urban Development funds from the <br />City of South Bend, Small Business Association Sections 503 and 504 financing <br />through the Business Development Corporation of South Bend, Mishawaka, <br />and St. Joseph County, Indiana; or other public financial assistance, including <br />but not limited to public works improvements. <br />NIA <br />24. Describe how and why the manufacturing equipment to be replaced or the <br />facility in which Equipment will be added is currently technologically, <br />economically or energy obsolete and how and why that obsolescence may lead to <br />a decline in employment and tag revenues: <br />No equipment is being replaced. All new equipment will be used to <br />complement existing equipment in efforts to meet client demand and increased <br />volume as operations expand. Without this equipment the company will not be <br />able to meet client demands and specification which could in the time reduce the <br />client base and the associated sales. This reduction will surely attribute to a <br />decline in employment and tax revenues. <br />25. The new manufacturing equipment will be used in the direct production, <br />manufacture, fabrication, assembly, extraction, mining, processing, refining, or <br />finishing of other tangible personal property and that the equipment was never <br />before used by its owner for any purpose in Indiana. The signature at the end <br />of this Petition is verification of this statement. <br />26. The following person(s) should be contacted as Petitioner's agent regarding <br />additional information and public hearing notifications: <br />(Revised 8/2/02) 5 <br />
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