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Confirming Tax Abatement - Tire Rack Inc 7101 Vorden Pkwy (5 Yr. Real Property)
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Confirming Tax Abatement - Tire Rack Inc 7101 Vorden Pkwy (5 Yr. Real Property)
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9/12/2012 10:29:20 AM
Creation date
9/5/2012 4:20:49 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/13/2012
Ord-Res Number
4198-12
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Qualification for each Public Benefit Item based on best available information at time of application or <br />good faith determination if no information available. <br />9- Jul -12 <br />The Tire Rack, Inc. <br />Public Benefit Points Summary <br />Qualify <br />Earned <br />Available <br />Public Benefit Item: <br />Y or N <br />Points <br />Points <br />Project Related: <br />1. A. <br />Redevelop a Site that has Special Needs <br />N <br />0 <br />49 <br />B. <br />Develop Based on Local University Research <br />N <br />0 <br />35 <br />C. <br />Achieve a Physical Element of a Plan <br />N <br />0 <br />36 <br />Sub -total Project Related: <br />0 <br />120 <br />2. Super Size Projects (point values are cumulative): <br />A. <br />100% to 199% <br />N <br />0 <br />25 <br />B. <br />200% to 299% <br />N <br />0 <br />68 <br />C. <br />300% to 399% <br />N <br />0 <br />65 <br />D. <br />400% and Over <br />N <br />0 <br />52 <br />Sub -total Super Size Projects: <br />0 <br />210 <br />3. Construction Related: <br />A. <br />Employ Local Companies <br />Y <br />20 <br />20 <br />B. <br />Purchase Materials from Local Companies <br />Y <br />20 <br />20 <br />C. <br />Require Employees vs. Independent Contract( <br />Y <br />19 <br />19 <br />D. <br />Require Target Wage Levels <br />N <br />0 <br />22 <br />E. <br />Require Health Benefits <br />Y <br />22 <br />22 <br />F. <br />Require Pension Benefits <br />Y <br />18 <br />18 <br />G. <br />Maintain Affirmative Action Plan <br />Y <br />20 <br />20 <br />Sub -total Construction Related: <br />119 <br />141 <br />4. Wage & Benefit Related: <br />A. <br />Pay Target Wage Levels <br />Y <br />33 <br />33 <br />B. <br />Provide Health Benefits <br />Y <br />34 <br />34 <br />C. <br />Provide Pension Benefits <br />Y <br />29 <br />29 <br />D. <br />Provide Training <br />Y <br />28 <br />28 <br />E. <br />Provide Child Care <br />N <br />0 <br />15 <br />F. <br />Provide Transportation Assistance <br />N <br />0 <br />14 <br />G. <br />Provide Employer Assisted Housing program <br />N <br />0 <br />9 <br />Sub -total Wage & Benefit Related: <br />124 <br />162 <br />5. Workforce Related: <br />A. <br />Create New Jobs <br />Y <br />42 <br />42 <br />B. <br />Retain Existing Jobs <br />Y <br />41 <br />41 <br />C. <br />Maintain Affirmative Action Plan <br />Y <br />35 <br />35 <br />D. <br />Provide Targeted Hiring Preference <br />N <br />0 <br />34 <br />Sub -total Workforce Related: <br />118 <br />152 <br />6. Pay for Municipal Infrastructure: (point values are cumulative): <br />A. <br />Pay for Oversizing or Upgrading <br />N <br />0 <br />14 <br />B. <br />Pay for 26 -50% of Extension Cost <br />N <br />0 <br />26 <br />C. <br />Pay for 51 -75% of Extension Cost <br />N <br />0 <br />39 <br />D. <br />Pay for 76 -100% of Extension Cost <br />N <br />0 <br />52 <br />Sub -total Infrastructure Related: <br />0 <br />131 <br />7. Support a Municipal Facility: <br />A. <br />Support a Municipal Facility <br />N <br />0 <br />84 <br />Total Public Benefit Points: <br />361 <br />1000 <br />Qualification for each Public Benefit Item based on best available information at time of application or <br />good faith determination if no information available. <br />
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