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EMPLOYMENT IMPACT <br /> Per this petition, the company will retain forty-five (45) full-time jobs with an annual payroll of <br /> $1,684,800. It is estimated that the business will create twenty(20)new,permanent full-time positions <br /> and zero(0)part-time positions with an annual payroll of$748,800 within the next four years. <br /> ABATEMENT QUALIFICATION <br /> 1. A review of the tax abatements previously granted, finds that the petitioner, Molding Products, <br /> LLC has not been granted or associated with any previous abatement. <br /> 2. The Area Plan Commissioner has reviewed the petition and finds the property to be properly zoned <br /> for the proposed project. <br /> 3. The Building Commissioner has reviewed the petition and finds no building permit was issued. <br /> 4. A review of the South Bend Redevelopment designation areas finds that the property is located in <br /> the River West Development Area. <br /> 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br /> qualifications for a(5)five-year personal property tax abatement under section 2-84.2,Tangible <br /> Personal Property Tax Abatement. <br />