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EMPLOYMENT IMPACT <br /> Per this petition,the company will have nineteen(19)full-time jobs with an annual payroll of$775,384 by <br /> the end of 2019.It is estimated that in ten years the business will create twelve(12)new,permanent full- <br /> time positions and zero (0)part-time positions with an annual payroll of$475,280. <br /> ABATEMENT QUALIFICATION <br /> 1. A review of the tax abatements previously granted finds that the Petitioner, CBK Land <br /> Development,LLC has been granted or associated with one previous tax abatement. <br /> Term/Type Resolution No. Date <br /> 10-year real property 4406-14 11/12/2014 <br /> 2. The Area Plan Commission has reviewed the petition and fords the property to be properly zoned <br /> for the proposed project. <br /> 3. The Building Commission has reviewed the petition and finds no building permit was issued. <br /> 4. The property is located in 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(7) seven-year real property tax abatement under section 2-75 Real Property <br /> Tax Abatement General Standards. <br />