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South Ben0edevelopment Con¢ni.ssion <br />Regular Me ting - May 25, 1984 <br />6. NEW BUSINESS (Cont.) <br />c. C ssion a pproval requested for Resolution <br />No 707 a p roving an application for real <br />property tax deduction. <br />Mn s. Kolata explained that this petition for <br />tax abatement was filed by One- Three -Two <br />Partnership Limited for a property located at <br />1113 W. Colfax. This is the former Sonneborn <br />building and is going to house the Sheffer's <br />Advertising Agency. The project cost is <br />$530,000 and will create 20 new jobs through <br />the expansion of the Advertising Agency. The <br />building has approximately 12,000 square feet <br />and Sheffer's will use all but about 1,000 <br />square feet which they intend to lease out. <br />With abatement the estimate of taxes paid over <br />the ten year period is approximately $122,298 <br />and the amount abated would be $119,872. The <br />project meets the criteria of the Common <br />Co cil for tax abatement by being in a <br />Req1evelopment Area. <br />Mr Ernie Szarwark, attorney for the <br />petitioner, was present to answer any <br />cru stions of the Commission. <br />Mr Donaldson asked whether or not Sheffer's <br />Ad ertising were considering any minority <br />em loyees to be included in the new jobs. <br />Mr. Szarwark stated that there will be <br />coiisideration of minorities for placement of <br />the new jobs. <br />Mrs. Kolata stated that perhaps Mr. Sheffer <br />would work with the Department's Targeted Jobs <br />Coordinator when there are positions opening <br />up Mr. Sheffer said he would be willing to <br />work with the Targeted Jobs Coordinator at <br />that time. <br />Upon a motion made by Mr. Piasecki, seconded <br />by Mr. Donaldson and unanimously carried, <br />Resolution No. 707 approving an application <br />for real property tax deduction was approved. <br />-4- <br />RESOLUTION NO. 707 <br />APPROVING AN APPLICATION <br />FOR REAL PROPERTY TAX <br />DEDUCTION WAS APPROVED <br />