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Confirming Tax Abatement - Federal-Mogul Powertrain Inc. 3605 West Cleveland Road (5 Yr. Personal Property)
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Confirming Tax Abatement - Federal-Mogul Powertrain Inc. 3605 West Cleveland Road (5 Yr. Personal Property)
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9/12/2012 10:28:13 AM
Creation date
6/8/2012 11:20:46 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/29/2012
Ord-Res Number
4185-12
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12. Photographs of the REAL property, taken within two (2) weeks of filing of this <br />petition are attached hereto, marked "Exhibit C," and incorporated herein. <br />13. The current assessed valuation of the tangible personal property to be replaced by <br />the new Equipment is $ only a small portion of older eauinment is being replaced. <br />(This information may be obtained at the St. Joseph County Assessor's office, 235- <br />9523) <br />14. The current use of the REAL property where the Equipment is to be installed is <br />Manufacturina and the current zoning is 320 - Industrial Foundries /Heavy Mfq. <br />(This information may be obtained from the Building Department, 235 -9553) <br />15. List the real and personal property taxes paid at the location during the previous <br />five years, whether paid by the current owner or a previous owner: <br />YEAR REAL PROPERTY TAXES PERSONAL PROPERTY TAXES <br />2010Pay2011 $155,729.54 $869,887.62 <br />2009Pay2010 $151,211.36 $872,687.68 <br />2008Pay2009 $169,488.22 $891,007.64 <br />2007Pay2008 $250,256.47 $932,849.14 <br />2006Pay2007 $236,842.61 $800,551.62 <br />(This information may be obtained from the St. Joseph County Treasurer's office, <br />235 -9531) <br />16. Describe the commitment made within the past five years by your firm to hiring <br />minority individuals, including number of minorities employed during each of the <br />past five years, specifying whether full -time or part -time and whether permanent or <br />temporary employees. The Petitioner shall also list the current number of total <br />employees (full and part -time) and the current number of minority individuals (full <br />and part- time). <br />Federal -Mogul Powertrain, Inc. will continue to comply with the Equal Employment Opportunity Commission. <br />We will continue to be actively involved with the Indiana Department of Training Service & On The Job Training (OJT) Program. <br />Current total employees Full -Time Permanent is 134 out of 409, and Full -Time Temporary is 8 out of 23, as of 12/31/2011. <br />17. Describe on -site child care or day care facilities, services or benefits currently <br />offered or proposed to be offered by the Petitioner for children of employees. <br />Federal -Mogul Powertrain, Inc. offers a dependent child care benefit through a pretax payroll deduction. <br />18. What is your best estimate of the market value of the new Equipment after <br />installation? $ 8.720,800: Cost 21,802,000 x DLGF Percentage Good for Year 1, Pool #2 of 40% <br />19. What is your best estimate of the amount of taxes to be abated during each of the <br />five years after Installation? $ Estimated at $50,000 due to 4,urrent DLGF prescribed tax calculation method <br />(Rev. 5 /13/11) <br />
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