4776-19 Hopkins Properties Designating Real Property Tax Abatement

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and Detroit performance products. The company has already invested in South Bend economy by acquiring Hill Truck Sales on Sample Street in January 2016.South Bend facility provides a full-service on-site Collision Center, in addition to sales,parts and service. EMPLOYMENT IMPACT Per this petition, the company will retain forty-two (42) full-time jobs with an annual payroll of $2,150,000 and create thirty(30)full-time jobs with an annual payroll of$1,500,000 within the first three years.Truck Centers invests in their employees and provides access to training seminars at their nationally recognized Training Center in Troy, IL. ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that the Petitioner,Hopkins Properties of South Bend, LLC has not been granted or associated with any previous tax abatement. 2. The Area Plan Commission has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. The Building Commission has reviewed the petition and finds no building permit was issued. 4. The property is located in the River West Development area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a(7) seven-year real property tax abatement under section 2-75 Real Property Tax Abatement General Standards.